QEP Resources Posts Q1 Loss - Quick Facts

(RTTNews) - QEP Resources, Inc. (QEP) reported a first-quarter net loss from continuing operations of $55.6 million, or $0.32 per share, compared to net income from continuing operations of $12.7 million, or $0.07 per share, in the first quarter 2014. Excluding items, the company's first quarter 2015 adjusted Net Loss from continuing operations was $8.7 million, or $0.05 per share.

On average, 14 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.30 for the quarter. Analysts' estimates typically exclude special items.

Total revenues decreased to $491.6 million from $817.5 million, a year ago. Analysts expected revenue of $644.65 million for the quarter. Crude oil and NGL revenues decreased 44% compared with the first quarter 2014.