QEP Resources Inc.

QEP Resources Inc. today issued the following statement in response to Glass Lewis & Co.'s decision to reaffirm its previous recommendation of support for the pending acquisition of QEP by Diamondback Energy Inc.. The Company is pleased to receive Glass Lewis' continued support of its pending transaction with Diamondback Energy as evidenced by [...]

QEP Resources Inc. today announced that Institutional Shareholder Services has reaffirmed its previous recommendation of support for the proposed acquisition of QEP by Diamondback Energy Inc., citing the transaction's "credible strategic rationale and multiple levers for value creation." The proposed acquisition continues to receive high levels of [...]

QEP Resources Inc. today reported fourth quarter and full year 2020 financial and operating results. FULL YEAR 2020 HIGHLIGHTS Lowered 2020 average drilling and completion costs to $411 per lateral foot in the Permian Basin Reduced General & Administrative expense by approximately 40% compared to 2019 Generated $673.2 million of Net Cash Provided [...]

QEP Resources Inc. announced today that members of the Company’s senior management will participate in the upcoming MKM Partners Virtual Conference on Wednesday, December 16, 2020, at 11:50am ET. A link to the webcast will be available at www.qepres.com. Attendees should log in to the webcast approximately 15 minutes prior to the presentation’s [...]

QEP Resources Inc. announced that on October 28, 2020, it received written notice from the New York Stock Exchange that the average closing price of the Company's common stock over the prior 30-consecutive trading day period was below $1.00 per share, which is the minimum average share price for continued listing on the NYSE. QEP has notified the [...]

QEP Resources Inc. today reported third quarter 2020 financial and operating results. Third Quarter 2020 Highlights Received a $170.7 million Alternative Minimum Tax credit refund, which included $5.6 million of interest income Generated $329.6 million of Net Cash Provided from Operating Activities Delivered $98.3 million of Free Cash Flow Redeemed [...]

QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its third quarter 2020 results beginning at 9:00 a.m. ET on Thursday, October 29, 2020. QEP will issue a news release containing third quarter 2020 financial and operational results on Wednesday, October 28, 2020, after market close. The conference call can [...]

QEP Resources Inc. today announced that it completed its previously announced redemption of its 6.875% Senior Notes due 2021 in the aggregate principal amount of $275.3 million. The 2021 Notes were redeemed at a redemption price equal to 102.628% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, September [...]

QEP Resources Inc. today announced that it has issued a notice to holders of its outstanding 6.875% Senior Notes due 2021 of QEP’s intent to redeem all of the outstanding 2021 Notes on or around September 30, 2020. The redemption price for the 2021 Notes will be calculated pursuant to the formula set forth in the indenture governing the 2021 Notes [...]

QEP Resources Inc. today announced that it has received its expected alternative minimum tax credit refund of $170.7 million, which includes $5.1 million of accrued interest. The Company expects to use the proceeds from the refund towards the repayment of its senior notes due in March 2021. "We are pleased to have received our tax refund ahead of [...]