8 Feb 2021substantial holder notice● Neutral
Sunil Jagwani, Millinvest, Ltd reported a QEP RESOURCES, INC. shareholding of 13,657,842 shares (5.60% of votes) in a periodic institutional filing.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
26 Jan 2021director interest notice● Neutral
QEP RESOURCES, INC. VP Energy Joseph T Redman disposed of 20,943 shares via option/appreciation-right settlement.
26 Jan 2021director interest notice● Neutral
QEP RESOURCES, INC. VP, CFO & Treasurer William J Buese disposed of 14,660 shares via option/appreciation-right settlement.
26 Jan 2021director interest notice● Neutral
QEP RESOURCES, INC. VP, Controller & CAO Alice B Ley disposed of 16,126 shares via option/appreciation-right settlement.
26 Jan 2021director interest notice● Neutral
QEP RESOURCES, INC. EVP, General Counsel & CS Christopher K Woosley disposed of 58,116 shares via option/appreciation-right settlement.
8 Jan 2021substantial holder notice● Neutral
BlackRock, Inc reported a QEP RESOURCES, INC. shareholding of 24,517,648 shares (10.10% of votes) in a periodic institutional filing.
30 Dec 2020director interest notice● Neutral
QEP RESOURCES, INC. EVP, General Counsel & CS Christopher K Woosley had 69,450 shares withheld for taxes on vesting stock.
30 Dec 2020director interest notice● Neutral
QEP RESOURCES, INC. VP, Controller & CAO Alice B Ley had 24,032 shares withheld for taxes on vesting stock.
30 Dec 2020director interest notice● Neutral
QEP RESOURCES, INC. VP, CFO & Treasurer William J Buese had 49,331 shares withheld for taxes on vesting stock.
30 Dec 2020director interest notice● Neutral
QEP RESOURCES, INC. VP Energy Joseph T Redman had 39,630 shares withheld for taxes on vesting stock.
30 Dec 2020director interest notice● Neutral
QEP RESOURCES, INC. President & CEO Timothy J. Cutt had 165,527 shares withheld for taxes on vesting stock.
21 Dec 2020business combination● NeutralMajor
On December 20, 2020 QEP agreed to be acquired by Diamondback Energy in an all-stock merger: each QEP share becomes 0.05 Diamondback shares, and QEP survives as a Diamondback subsidiary. Closing needs QEP shareholder approval, US antitrust clearance and an effective Diamondback registration statement, with an outside date of June 30, 2021 (September 30, 2021 in some cases). QEP owes a $17.0 million termination fee in certain cases, or up to $7.5 million of expenses if shareholders vote it down. This is the outcome of the strategic review that began in February 2019 only if one infers that link; the filing does not state it. The deal is pending and shareholder positions are not yet ended.
9 Dec 2020substantial holder notice● Neutral
Sunil Jagwani, Millinvest, Ltd disclosed a new substantial QEP RESOURCES, INC. shareholding (5.20% of votes).
10 Nov 2020substantial holder notice● Neutral
The Vanguard Group reported a QEP RESOURCES, INC. shareholding of 12,910,367 shares (5.33% of votes) in a periodic institutional filing.
3 Nov 2020listing compliance notice▼ BadMajor
The NYSE sent QEP a second notice on October 28, 2020 that its average share price was again below $1.00 over 30 trading days, starting a new six-month cure period. QEP says it is considering a reverse stock split, which shareholders already authorised at the May 12, 2020 annual meeting. This repeats the April 2020 notice; the filing does not say how or whether the earlier one was cured.
28 Oct 2020quarterly activities report▼ Bad
QEP RESOURCES, INC. reported quarterly revenue of $177.8 million and a net loss of $49.2 million for the period ended 2020-09-30.
28 Oct 2020quarterly activities report▼ Bad
QEP RESOURCES, INC. reported quarterly revenue of $177.8 million and a net loss of $49.2 million for the period ended 2020-09-30.
9 Sept 2020director interest notice● Neutral
QEP RESOURCES, INC. VP Energy Joseph T Redman had 9,476 shares withheld for taxes on vesting stock.
29 July 2020quarterly activities report▼ Bad
QEP RESOURCES, INC. reported quarterly revenue of $120.6 million and a net loss of $184.4 million for the period ended 2020-06-30.
29 July 2020quarterly activities report▼ Bad
QEP RESOURCES, INC. reported quarterly revenue of $120.6 million and a net loss of $184.4 million for the period ended 2020-06-30.
10 July 2020substantial holder notice● Neutral
BlackRock, Inc reported a QEP RESOURCES, INC. shareholding of 24,198,889 shares (9.99% of votes) in a periodic institutional filing.
6 July 2020director interest notice● Neutral
QEP RESOURCES, INC. VP, Controller & CAO Alice B Ley had 11,093 shares withheld for taxes on vesting stock.
6 July 2020director interest notice● Neutral
QEP RESOURCES, INC. VP, CFO & Treasurer William J Buese had 11,093 shares withheld for taxes on vesting stock.
6 July 2020director interest notice● Neutral
QEP RESOURCES, INC. EVP, General Counsel & CS Christopher K Woosley had 13,866 shares withheld for taxes on vesting stock.
6 July 2020director interest notice● Neutral
QEP RESOURCES, INC. VP Energy Joseph T Redman had 13,866 shares withheld for taxes on vesting stock.
22 June 2020substantial holder notice● Neutral
Dan H. Wilks, Staci Wilks, THRC Holdings, LP, THRC Management, LLC, Wilks Brothers, LLC, Farris Wilks disclosed a new substantial QEP RESOURCES, INC. shareholding (8.26% of votes).
4 June 2020debt financing● NeutralMajor
On June 4, 2020 QEP signed an eighth amendment to its bank credit agreement with Wells Fargo as agent. Total commitments fall from $1.25 billion to $850 million, covenants are reset (maximum net priority guaranteed debt to EBITDAX of 2.50x; minimum present value ratio of 1.50x), and material subsidiaries must now guarantee the loan. It also allows up to $500 million of loan proceeds to buy back senior notes and up to $500 million of subordinated unsecured subsidiary guarantees. The company's press release says liquidity rises by more than $500 million, a claim the filing does not itemise.
14 May 2020agm notice● Neutral
QEP RESOURCES, INC. shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).
29 Apr 2020quarterly activities report● Neutral
QEP RESOURCES, INC. reported quarterly revenue of $225.8 million and net income of $367.4 million for the period ended 2020-03-31.
29 Apr 2020quarterly activities report● Neutral
QEP RESOURCES, INC. reported quarterly revenue of $225.8 million and net income of $367.4 million for the period ended 2020-03-31.