QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its second quarter 2020 results beginning at 9:00 a.m. ET on Thursday, July 30, 2020. QEP will issue a news release containing second quarter 2020 financial and operational results on Wednesday, July 29, 2020, after market close. The conference call can be [...]
QEP Resources Inc. announced today that it has entered into an amendment to its existing credit agreement with Wells Fargo Bank, National Association, and other lenders . "The amended credit facility increases our liquidity by more than $500 million and is expected to provide us with the necessary financial flexibility to execute our ongoing [...]
QEP Resources Inc. today announced that Mary Shafer-Malicki has been named independent Chair of the Board of Directors. Ms. Shafer-Malicki succeeds David Trice, who is retiring after serving nine years on QEP’s Board, including the role of Board Chair since 2019. “Mary is an inspirational leader who knows how to bring out the best in the people [...]
QEP Resources Inc. today reported first quarter 2020 financial and operating results and provided an update to its 2020 plan in response to current market conditions. Response to Current Market Conditions "The novel coronavirus disease has created unprecedented challenges for our industry, customers and employees. We took swift and decisive action [...]
QEP Resources Inc. today announced that it will hold its 2020 Annual Meeting of Shareholders in a virtual-only format, via live audio webcast, rather than in-person. The Company made the decision to change to a virtual-only format in light of the ongoing public-health crisis caused by the coronavirus pandemic, recommendations of health officials [...]
QEP Resources Inc. announced that on April 10, 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. announced today that it will host a teleconference and webcast to discuss its first quarter 2020 results beginning at 9:00 a.m. ET on Thursday, April 30, 2020. QEP will issue a news release containing first quarter 2020 financial and operational results on Wednesday, April 29, 2020, after market close. The conference call can be [...]
QEP Resources Inc. today provided an operational and financial update in response to current market conditions. Expect to reduce planned 2020 and 2021 combined capital expenditures by more than an aggregate $300 million, or nearly 30% Plan to suspend completion operations in the Permian Basin from early May through at least the beginning of the [...]
QEP Resources Inc. today reported fourth quarter and full year 2019 financial and operating results and provided initial 2020 guidance and capital investment plan. FULL YEAR 2019 HIGHLIGHTS Delivered equivalent production 11% above and capital investment 11% below the midpoint of original 2019 guidance Lowered drilling, completion, and equipment [...]
QEP Resources Inc. announced today that its Board of Directors approved a quarterly cash dividend of $0.02 per share of common stock, payable on March 20, 2020, to shareholders of record on March 6, 2020. About QEP Resources QEP Resources Inc. is an independent crude oil and natural gas exploration and production company focused in two regions of [...]
QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its fourth quarter and full year 2019 results beginning at 9:00 a.m. ET on Thursday, February 27, 2020. QEP will issue a news release containing fourth quarter and full year 2019 financial and operational results on Wednesday, February 26, 2020, after [...]
QEP Resources Inc. today announced the termination of its previously announced solicitations of consents from holders of its outstanding 5.375% Senior Notes due 2022 , 5.250% Senior Notes due 2023 and 5.625% Senior Notes due 2026 , proposing to amend the limitation on liens covenant contained in the indentures governing the Notes . The Consent [...]
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