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  • Data analysis QEP Loss Widens in Q4 on Severe North American Weather

    QEP Resources reported a net loss of $52 million in Q4-2013, compared to a loss of $23 million in Q4-2012. The wider loss was attributed to a fall in gas production, due to severe winter weather in North America within the quarter.Q4-2013 highlightsRevenue of $715.5 million, up 2% YoYTotal production of 816...

    QEP Loss Widens in Q4 on Severe North American Weather Data analysis
    Headlines, Results & Reports, Others

    QEP Resources reported a net loss of $52 million in Q4-2013, compared to a loss of $23 million in Q4-2012. The wider loss was attributed to a fall in gas production, due to severe winter weather in North America within the quarter.

    Q4-2013 highlights

    • Revenue of $715.5 million, up 2% YoY
    • Total production of 816 MMcfe/d, down 11% YoY; pulled down by reduced gas output
    • Gas production of 525 MMcf/d, down 21% YoY; partly offset by a 30% YoY growth in oil output to 33 Mbbl/d

    For 2014, the company forecast total production of 775-841 MMcfe/d, lower than the 847 MMcfe/d produced in 2013.

    Source: Reuters

    View QEP press release

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