QEP Resources Turns To Profit In Q1

(RTTNews) - QEP Resources, Inc. (QEP) Tuesday said first-quarter net income was $39.7 million or $0.22 per share, compared to net loss of $4.3 million or $0.02 per share in the same period last year.

Adjusted net income for the latest first quarter was $68.1 million or $0.38 per share, up from $49.4 million or $0.28 per share in the prior year quarter. On average, 12 analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues increased to $883.9 million from $696.5 million last year. Analysts expected revenues of $662.66 million.