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QEP RESOURCES, INC.

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2020 10-K, filed Feb 24, 2021. Its latest SEC filing is a SC 13G/A from Feb 11, 2022.

The sections below describe the company as of the FY2020 annual report.

How Did They Make Money?

revenue
SegmentShareRevenue
Oil and Condensate
96%
Gas
5.5%
Natural Gas Liquids
6.3%

Did Revenues Turn Into Profits?

Yes. It kept less than a cent of every revenue dollar as net income in FY2020.

Operating income, FY2020
−31% of revenue
▼ Now a loss vs FY2019 ($157.5M, 13%)
Net income, FY2020
0% of revenue
▲ Now profitable vs FY2019 (−$97.3M, −8%)

How Were They Changing?

Shrank. Revenue fell 47% in 4 years, from $1.4B in FY2016 to $724.4M in FY2020, about 15% a year.

Revenue over time
Oil and Condensate Gas Natural Gas Liquids
$2B$1B$0

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