QEP Resources, Inc. Declares Quarterly Cash Dividend
DENVER--(BUSINESS WIRE)-- QEP Resources, Inc. (NYS: QEP) , a leading independent natural gas and crude oil exploration and production company, today announced that its Board of Directors approved a quarterly cash dividend of $0.02 per share payable on March 7, 2013, to shareholders of record on February 25, 2013.
About QEP Resources
QEP Resources, Inc. (NYS: QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily in the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, Louisiana, and the Texas Panhandle) of the United States. QEP Resources also gathers, compresses, treats, processes and stores natural gas. For more information, visit QEP Resources' website at: www.qepres.com.
Safe Harbor Statement
This release includes forward-looking statements within the meaning of Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by words such as "anticipates," "believes," "forecasts," "plans," "estimates," "expects," "should," "will" or other similar expressions. Such statements are based on management's current expectations, estimates and projections, which are subject to a wide range of uncertainties and business risks. These forward-looking statements include statements regarding: forecasted Adjusted EBITDA, operating income, production and capital investment for 2012 and related assumptions for such guidance; higher natural gas prices and their impact on QEP; plans to drill and complete wells; estimated average gross completed well costs; average estimated ultimate recoveries per well; completion dates and capacity for new projects of QEP Field Services; operatorship of certain wells; and remaining locations to drill wells. Actual results may differ materially from those included in the forward-looking statements due to a number of factors, including, but not limited to: the availability of capital; global geopolitical and macroeconomic factors; general economic conditions; including interest rates; changes in local, regional, national and global demand for natural gas, oil and NGL; natural gas, NGL and oil prices; impact of new laws and regulations; including regulations regarding the use of hydraulic fracture stimulation and the implementation of the Dodd-Frank Act; drilling results; shortages of oilfield equipment, services and personnel; operating risks such as unexpected drilling conditions; weather conditions; changes in maintenance and construction costs and possible inflationary pressures; permitting delays; the availability and cost of credit; outcome of contingencies such as legal proceedings; and the other risks discussed in the Company's periodic filings with the Securities and Exchange Commission, including the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended December 31, 2011. QEP Resources undertakes no obligation to publicly correct or update the forward-looking statements in this news release, in other documents, or on the website to reflect future events or circumstances. All such statements are expressly qualified by this cautionary statement.
QEP Resources, Inc.
Greg Bensen, 303-405-6665
Director, Investor Relations
KEYWORDS: United States North America Colorado
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