QEP Resources -13.3% AH on big Q4 earnings, revenue misses

QEP Resources (QEP) -13.3% AH as Q4 earnings and revenues both miss Wall Street expectations by wide margins.

Q4 net equivalent production decreased by 10% to 75.1B cfe in Q4 vs. 83.9B cfe in the year-ago quarter, and says severe winter weather had a "meaningful negative impact" on results.

Sees QEP Energy total equivalent production of 283B-307B cfe in 2014; plans 2014 capex of $1.76B-$1.86B.

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