QEP Resources: 4Q Earnings Snapshot

DENVER (AP) _ QEP Resources Inc. (QEP) on Wednesday reported a loss of $130.6 million in its fourth quarter.

The Denver-based company said it had a loss of 54 cents per share. Losses, adjusted for one-time gains and costs, were 4 cents per share.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The independent oil and gas company posted revenue of $200.2 million in the period.

For the year, the company reported net income of $3.2 million, or 1 cent per share, swinging to a profit in the period. Revenue was reported as $724.4 million.

In the final minutes of trading on Wednesday, the company's shares hit $3.68. A year ago, they were trading at $2.41.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on QEP at https://www.zacks.com/ap/QEP