QEP Resources (QEP Resources) Interest Expense : $-116.3 Mil (TTM As of Dec. 2020)

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What is QEP Resources Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. QEP Resources's interest expense for the three months ended in Dec. 2020 was $ -23.9 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2020 was $-116.3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. QEP Resources's Operating Income for the three months ended in Dec. 2020 was $ -46.9 Mil. QEP Resources's Interest Expense for the three months ended in Dec. 2020 was $ -23.9 Mil. QEP Resources did not have earnings to cover the interest expense. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

QEP Resources Interest Expense Historical Data

The historical data trend for QEP Resources's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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QEP Resources Interest Expense Chart

QEP Resources Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Interest Expense

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-143.20

-137.80

-159.00

-128.10

-113.70

QEP Resources Quarterly Data
	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20
Interest Expense	Get a 7-Day Free Trial															-28.10	-34.20	-29.80	-28.40	-23.90

QEP Resources Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2020 adds up the quarterly data reported by the company within the most recent 12 months, which was $-116.3 Mil.

QEP Resources (NYSE:QEP) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

QEP Resources's Interest Expense for the three months ended in Dec. 2020 was $-23.9 Mil. Its Operating Income for the three months ended in Dec. 2020 was $-46.9 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2020 was $1,622.6 Mil.

QEP Resources's Interest Coverage for the quarter that ended in Dec. 2020 is calculated as

QEP Resources did not have earnings to cover the interest expense.

The higher the ratio, the stronger the company's financial strength is.

QEP Resources (QEP Resources) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » QEP Resources Inc (NYSE:QEP) » Definitions » Interest Expense

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Traded in Other Exchanges

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Address

1050 17th Street, Suite 800, Denver, CO, USA, 80265

Website

http://www.qepres.com

QEP Resources Inc. is a crude oil and natural gas exploration and production company that focuses on resources in the United States. QEP's reserves are located in two main areas: the Southern Region, primarily Texas; and the Northern Region, primarily North Dakota. The company sells its oil, condensate, and natural gas liquid (NGL) production to gas-marketing firms, crude-oil refiners, midstream service providers, and other companies. QEP also sells gas volumes to industrial users, utility companies, wholesale marketers, and local distributors.

Executives

Joseph T Redman	officer: VP Energy	QEP RESOURCES, INC., 1050 17TH STREET SUITE 800 DENVER CO 80265
William J Buese	officer: VP, CFO & Treasurer	3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Alice B Ley	officer: VP, Controller & CAO	1050 17TH STREET SUITE 800 DENVER CO 80265
Christopher K Woosley	officer: EVP, General Counsel & CS	1050 17TH STREET SUITE 800 DENVER CO 80265
Myles W Scoggins	director	1722 ILLINOIS STREET, GOLDEN CO 80401
Julie Dill	director	1301 RIVERPLACE BOULEVARD, SUITE 2300, JACKSONVILLE FL 32207
Michael J Minarovic	director	QEP RESOURCES, INC. 1050 17TH STREET, SUITE 800 DENVER CO 80265
Mary Shafer-malicki	director	757 N. ELDRIDGE PARKWAY, HOUSTON TX 77079
Robert Heinemann	director
Barth E Whitham	director	INTREPID POTASH, INC., 1001 17TH STREET, SUITE 1050, DENVER CO 80202
David A Trice	director	C/O NEW JERSEY RESOURCES CORPORATION, 1415 WYCKOFF ROAD, WALL NJ 07719
Timothy J. Cutt	director, officer: President & CEO	3001 QUAIL SPRINGS PKWY, OKLAHOMA CITY OK 73134
Joseph N Jaggers	director
Richard J Doleshek	officer: EVP, CFO	1050 17TH STREET, SUITE 800 DENVER CO 80265
Jeffery R Tommerup	officer: SVP - Production & HSE	1050 17TH STREET SUITE 800 DENVER CO 80265