QEP Resources, Inc.

    Print Page | Close Window

SEC Filings

8-K
QEP RESOURCES, INC. filed this Form 8-K on 04/25/2018
Entire Document
 


QEP RESOURCES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
 
Three Months Ended
 
March 31,
 
2018
 
2017
REVENUES
(in millions, except per share amounts)
Oil and condensate, gas and NGL sales
$
409.8

 
$
385.2

Other revenue
5.0

 
4.0

Purchased oil and gas sales
14.1

 
30.9

Total Revenues
428.9

 
420.1

OPERATING EXPENSES
 
 
 
Purchased oil and gas expense
15.5

 
29.4

Lease operating expense
72.5

 
69.2

Transportation and processing costs
34.0

 
70.2

Gathering and other expense
2.8

 
1.5

General and administrative
60.1

 
33.6

Production and property taxes
28.9

 
29.1

Depreciation, depletion and amortization
196.5

 
191.8

Exploration expenses

 
0.4

Impairment
0.7

 
0.1

Total Operating Expenses
411.0

 
425.3

Net gain (loss) from asset sales
3.5

 

OPERATING INCOME (LOSS)
21.4

 
(5.2
)
Realized and unrealized gains (losses) on derivative contracts
(53.2
)
 
160.9

Interest and other income (expense)
(0.7
)
 
0.6

Interest expense
(35.0
)
 
(33.8
)
INCOME (LOSS) BEFORE INCOME TAXES
(67.5
)
 
122.5

Income tax (provision) benefit
13.9

 
(45.6
)
NET INCOME (LOSS)
$
(53.6
)
 
$
76.9

 
 
 
 
Earnings (loss) per common share
 
 
 
Basic
$
(0.22
)
 
$
0.32

Diluted
$
(0.22
)
 
$
0.32

 
 
 
 
Weighted-average common shares outstanding
 
 
 
Used in basic calculation
240.9

 
240.2

Used in diluted calculation
240.9

 
240.3

Dividends per common share
$

 
$



10