8 Sept 2016director interest notice● Neutral
QEP RESOURCES, INC. President and CEO Charles B Stanley had 1,578 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
8 Sept 2016director interest notice● Neutral
QEP RESOURCES, INC. VP, Energy Matthew T Thompson had 1,638 shares withheld for taxes on vesting stock.
8 Sept 2016director interest notice● Neutral
QEP RESOURCES, INC. EVP, CFO Richard J Doleshek had 1,182 shares withheld for taxes on vesting stock.
8 Sept 2016director interest notice● Neutral
QEP RESOURCES, INC. VP and Controller Alice B Ley had 332 shares withheld for taxes on vesting stock.
27 July 2016quarterly activities report▼ Bad
QEP RESOURCES, INC. reported a quarterly net loss of $197.0 million for the period ended 2016-06-30.
5 July 2016director interest notice● Neutral
QEP RESOURCES, INC. director Myles W Scoggins was credited 1,489 deferred share units under a company plan.
30 June 2016director interest notice● Neutral
QEP RESOURCES, INC. President and CEO Charles B Stanley bought 16,763 shares on the open market at $17.85.
27 June 2016material agreement● NeutralMajor
QEP sold 20,000,000 new common shares at $17.97 each after discounts on June 21, 2016, and underwriters exercised in full their option for 3,000,000 more, bringing the total to 23,000,000 shares; the offering closed June 27, 2016. The proceeds are meant to partly fund the Martin County, Texas Permian acquisition announced the same day, and go to general corporate purposes if that deal does not close. This dilutes existing shareholders and follows the 33,000,000-share offering in March 2016.
22 June 2016securities registration● Neutral
QEP RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
21 June 2016securities registration● Neutral
QEP RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
21 June 2016material agreement▲ GoodMajor
On June 21, 2016, QEP agreed to buy oil and gas properties in Martin County, Texas (about 9,400 net acres) for a preliminary price of about $600 million, effective April 1, 2016, with closing expected by September 30, 2016. The price falls if some associated owners don't sign on by July 13, 2016, and either side has termination rights if defects or exclusions exceed 10% of the price. QEP paid a deposit of about 5% of the price into escrow. The company's press release says current net production is about 1,400 barrels of oil equivalent per day and describes over 430 potential horizontal drilling locations (company estimates). This adds to QEP's existing Permian position in the Midland Basin.
27 Apr 2016quarterly activities report▼ Bad
QEP RESOURCES, INC. reported a quarterly net loss of $863.8 million for the period ended 2016-03-31.
1 Apr 2016agm notice● Neutral
QEP RESOURCES, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 Apr 2016agm 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).
3 Mar 2016material agreement▼ BadMajor
QEP sold 33,000,000 new common shares to underwriters (Deutsche Bank and Goldman Sachs) at $9.72 per share after discounts, closing March 3, 2016, with an option for the underwriters to buy up to 4,950,000 more. Shareholders are diluted by the new shares. Proceeds are for general corporate purposes, which may include reducing debt, acquiring properties and funding drilling and working capital.
1 Mar 2016securities registration● Neutral
QEP RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
29 Feb 2016securities registration● Neutral
QEP RESOURCES, INC. filed a prospectus supplement for an offering off its existing shelf.
11 Feb 2016substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a QEP RESOURCES, INC. shareholding of 20,702,299 shares (11.71% of votes) in a periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
The Vanguard Group reported a QEP RESOURCES, INC. shareholding of 12,181,333 shares (6.89% of votes) in a periodic institutional filing.
10 Feb 2016substantial holder notice● Neutral
BlackRock, Inc reported a QEP RESOURCES, INC. shareholding of 12,688,175 shares (7.20% of votes) in a periodic institutional filing.
8 Feb 2016substantial holder notice● Neutral
Invesco Ltd reported a QEP RESOURCES, INC. shareholding of 9,082,802 shares (5.10% of votes) in a periodic institutional filing.
5 Feb 2016substantial holder notice● Neutral
Integrated Assets II LLC, Integrated Assets, Ltd, ICS Opportunities, Ltd, Cognizant Holdings, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander reported a QEP RESOURCES, INC. shareholding of 7,516,383 shares (4.30% of votes) in a periodic institutional filing.
10 Dec 2015substantial holder notice● Neutral
Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP, Wellington Management Company LLP reported a QEP RESOURCES, INC. shareholding of 19,571,674 shares (11.07% of votes) in a periodic institutional filing.
23 Nov 2015material agreement● Neutral
On November 23, 2015, QEP and its bank group signed a fifth amendment to its revolving credit agreement that loosens the leverage limit: maximum net debt to EBITDAX rises from 3.75x to 4.25x for quarters from March 31, 2016 through December 31, 2017, then returns to 3.75x from March 31, 2018. It also changes other covenant definitions, including allowing cash netting up to $500 million. This continues the revolver (amended December 2014) and gives more room under the covenant for the period stated; the filing does not give a reason.
28 Oct 2015quarterly activities report● Neutral
QEP RESOURCES, INC. reported a quarterly net income of $21.1 million for the period ended 2015-09-30.
6 Aug 2015substantial holder notice● Neutral
Integrated Assets II LLC, Integrated Assets, Ltd, ICS Opportunities, Ltd, Cognizant Holdings, Ltd, Millennium International Management LP, Millennium International Management GP LLC, Millennium Management LLC, Israel A. Englander disclosed a new substantial QEP RESOURCES, INC. shareholding (5.60% of votes).
3 Aug 2015quarterly activities report▼ Bad
QEP RESOURCES, INC. reported a quarterly net loss of $76.3 million for the period ended 2015-06-30.
29 Apr 2015quarterly activities report▼ Bad
QEP RESOURCES, INC. reported a quarterly net loss of $55.6 million for the period ended 2015-03-31.
1 Apr 2015agm notice● Neutral
QEP RESOURCES, INC. announced its upcoming annual shareholder meeting, covering the routine agenda (director elections, auditor ratification, executive-pay advisory vote).
1 Apr 2015agm 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).