31 July 2017director interest notice● Neutral
QEP RESOURCES, INC. EVP, CFO Richard J Doleshek bought 12,500 shares on the open market at $7.91.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
31 July 2017director interest notice● Neutral
QEP RESOURCES, INC. director Julie Dill bought 5,000 shares on the open market at $8.49.
26 July 2017director interest notice● Neutral
QEP RESOURCES, INC. director Mary Shafer-malicki was credited 10,788 deferred share units under a company plan.
26 July 2017quarterly activities report● Neutral
QEP RESOURCES, INC. reported a quarterly net income of $45.4 million for the period ended 2017-06-30.
26 July 2017material agreement● NeutralMajor
On July 26, 2017 QEP agreed to buy Permian Basin oil and gas interests in Martin and Howard Counties, Texas from JM Cox Resources, Alpine Oil and Kelly Cox for about $732.1 million, with closing expected by October 24, 2017. About $40 million of the price relates to assets the sellers expect to obtain in a separate swap; if that is delayed those assets can be dropped with a lower price. This adds to the Permian acreage bought in October 2016, and the filing does not state how it will be funded.
26 July 2017quarterly activities report● Neutral
QEP RESOURCES, INC. reported a quarterly net income of $45.4 million for the period ended 2017-06-30.
25 July 2017director interest notice● Neutral
Mary Shafer-malicki became a QEP RESOURCES, INC. director and company insider (initial ownership filing).
25 July 2017material agreement● NeutralMajor
On July 24, 2017 QEP agreed to sell all its Pinedale Anticline gas assets in Sublette County, Wyoming to Pinedale Energy Partners (an Oak Ridge Natural Resources affiliate) for about $740 million, with closing expected by September 20, 2017 (the press release says September 30). QEP also agreed to reimburse the buyer for certain processing and transport shortfall charges up to $45 million through 2019. The press release adds a second Wyoming sale of non-core gas assets for $37.5 million that already closed June 30, 2017, for combined proceeds of $777.5 million; this starts the disposal of the Wyoming assets, with the closing still subject to conditions.
5 July 2017director interest notice● Neutral
QEP RESOURCES, INC. director Myles W Scoggins was credited 2,104 deferred share units under a company plan.
18 May 2017agm 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).
18 May 2017director interest notice● Neutral
QEP RESOURCES, INC. director Michael J Minarovic was credited 11,615 deferred share units under a company plan.
16 May 2017director interest notice● Neutral
Michael J Minarovic became a QEP RESOURCES, INC. director and company insider (initial ownership filing).
9 May 2017material agreement● Neutral
On May 5, 2017, QEP and its lenders signed a sixth amendment to the revolving credit agreement. It sets the maximum net debt to EBITDAX at 4.25x through December 31, 2017, 4.00x through 2018, then 3.75x from March 31, 2019, and widens several definitions (e.g. adding back certain non-cash items and excluding mandatory convertible securities from funded debt). This continues the revolver amended in November 2015; the filing gives no reason.
26 Apr 2017quarterly activities report● Neutral
QEP RESOURCES, INC. reported a quarterly net income of $76.9 million for the period ended 2017-03-31.
26 Apr 2017quarterly activities report● Neutral
QEP RESOURCES, INC. reported a quarterly net income of $76.9 million for the period ended 2017-03-31.
4 Apr 2017director interest notice● Neutral
QEP RESOURCES, INC. director Myles W Scoggins was credited 1,672 deferred share units under a company plan.
31 Mar 2017agm notice● Neutral
QEP RESOURCES, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. VP-Human Resources Margo D Fiala had 5,394 shares withheld for taxes on vesting stock.
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. Executive VP Operations Jim E Torgerson had 21,278 shares withheld for taxes on vesting stock.
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. VP and Controller Alice B Ley had 4,435 shares withheld for taxes on vesting stock.
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. EVP, CFO Richard J Doleshek had 27,177 shares withheld for taxes on vesting stock.
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. President and CEO Charles B Stanley had 51,574 shares withheld for taxes on vesting stock.
8 Mar 2017director interest notice● Neutral
QEP RESOURCES, INC. SVP, GC, and Corp Secretary Christopher K Woosley had 12,624 shares withheld for taxes on vesting stock.
27 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. director Phillips S Baker Jr. bought 7,000 shares on the open market at $14.21.
22 Feb 2017quarterly activities report▼ Bad
QEP RESOURCES, INC. reported a quarterly net loss of $133.3 million for the period ended 2016-12-31.
15 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. Executive VP Operations Jim E Torgerson acquired 38,870 shares at $16.98 under a company stock plan.
15 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. SVP, GC, and Corp Secretary Christopher K Woosley acquired 23,558 shares at $16.98 under a company stock plan.
15 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. VP Margo D Fiala received 11,190 shares and a 24,422-share option grant as part of the equity award.
15 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. VP and Controller Alice B Ley acquired 8,658 shares at $16.98 under a company stock plan.
15 Feb 2017director interest notice● Neutral
QEP RESOURCES, INC. President and CEO Charles B Stanley acquired 84,806 shares at $16.98 under a company stock plan.