Well, that was ugly. QEP Resources (QEP) recent quarterly earnings numbers came in well below expectations and were less than half of last years numbers. Even more discouraging, though, was that the company saw total production drop by over 10%, which seems almost absurd when you consider we are in the middle of one of the greatest resurgences in American energy ever. Yes, it was a bad quarter, and numbers like this can send investors toward the exit signs. Before you do, though, you should take a step back and evaluate the merits and weaknesses of this company.
One weakness that the company is trying to address is its natural gas heavy production mix. While it may be a low cost gas producer in the Pinedale field of Wyoming like Ultra Petroleum (UPL), it needs to expand its operations on the oil side of the business. Find out how the comapny can do this and how QEP Mistream Partners (NYSE: QEPM) will play a part in it by tuning into the video below.
