QEP Resources Q2 Adj. Profit Misses Estimate

(RTTNews) - QEP Resources Inc. (QEP) Thursday reported second-quarter net income attributable to the company of $178.4 million or $0.99 per share, compared to a net loss of $0.7 million or breakeven per share last year.

Adjusted income attributable to the company dropped to $62.8 million or $0.34 per share from $54.6 million or $0.31 per share in the prior-year quarter. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the latest first quarter rose to $751.0 million from $499.3 million in the year-ago quarter, while ten analysts had a consensus revenue estimate of $766.25 million for the quarter.