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QEP Resources (QEP Resources) Scaled Net Operating Assets : 0.81 (As of Dec. 2020)


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What is QEP Resources Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

QEP Resources's operating assets for the quarter that ended in Dec. 2020 was $5,053.8 Mil. QEP Resources's operating liabilities for the quarter that ended in Dec. 2020 was $797.6 Mil. QEP Resources's Total Assets for the quarter that ended in Sep. 2020 was $5,236.7 Mil. Therefore, QEP Resources's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2020 was 0.81.


QEP Resources Scaled Net Operating Assets Historical Data

The historical data trend for QEP Resources's Scaled Net Operating Assets 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.

* Premium members only.

QEP Resources Scaled Net Operating Assets Chart

QEP Resources Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Scaled Net Operating Assets
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.61 0.83 0.71 0.75 0.78

QEP Resources Quarterly Data
Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.82 0.90 0.81 0.80 0.81

Competitive Comparison of QEP Resources's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, QEP Resources's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


QEP Resources's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, QEP Resources's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where QEP Resources's Scaled Net Operating Assets falls into.



QEP Resources Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

QEP Resources's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2020 )
=(Operating Assets (A: Dec. 2020 )-Operating Liabilities (A: Dec. 2020 ))/Total Assets (A: Dec. 2019 )
=(5053.8-797.6)/5477.8
=0.78

where

Operating Assets(A: Dec. 2020 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5114.2 - 60.4
=5053.8

Operating Liabilities(A: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2444 - 1622.6 - 23.8
=797.6

QEP Resources's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2020 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2020 )
=(Operating Assets (Q: Dec. 2020 )-Operating Liabilities (Q: Dec. 2020 ))/Total Assets (Q: Sep. 2020 )
=(5053.8-797.6)/5236.7
=0.81

where

Operating Assets(Q: Dec. 2020 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=5114.2 - 60.4
=5053.8

Operating Liabilities(Q: Dec. 2020 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=2444 - 1622.6 - 23.8
=797.6

* 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.


QEP Resources Scaled Net Operating Assets Related Terms

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QEP Resources (QEP Resources) Business Description

Industry
Traded in Other Exchanges
N/A
Address
1050 17th Street, Suite 800, Denver, CO, USA, 80265
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