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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Qep Resources Inc | NYSE:QEP | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.08 | 0 | 01:00:00 |
[X]
|
ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
[ ]
|
TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
1.
|
Statements of Net Assets available for Plan Benefits as of
December 31, 2018
and
2017
.
|
2.
|
Statements of Changes in Net Assets Available for Plan Benefits for the years ended
December 31, 2018
and
2017
.
|
3.
|
Financial statements and schedules prepared in accordance with the Employee Retirement Income Security Act of 1974 for the fiscal year ended
December 31, 2018
, are attached as a supplemental schedule to this Form 11-K.
|
|
Page
|
|
|
AUDITED FINANCIAL STATEMENTS
|
|
|
|
SUPPLEMENTAL SCHEDULE
|
|
|
|
|
|
EXHIBIT INDEX
|
|
Exhibit 23.1 Consent of Independent Registered Public Accounting Firm
|
|
|
December 31,
|
||||||
Assets
|
2018
|
|
2017
|
||||
Investments at fair value:
|
|
|
|
||||
Cash and cash equivalents
|
$
|
330,510
|
|
|
$
|
462,749
|
|
QEP common stock
|
4,412,582
|
|
|
8,472,354
|
|
||
Registered investment companies
|
88,266,082
|
|
|
102,985,786
|
|
||
Common collective trust
|
9,621,434
|
|
|
7,916,627
|
|
||
Total investments
|
102,630,608
|
|
|
119,837,516
|
|
||
Notes receivable from participants
|
1,406,522
|
|
|
1,760,274
|
|
||
Other receivables
|
43,412
|
|
|
9,915
|
|
||
Net assets available for plan benefits
|
$
|
104,080,542
|
|
|
$
|
121,607,705
|
|
|
Years Ended December 31,
|
||||||
|
2018
|
|
2017
|
||||
Additions to net assets attributed to:
|
|
|
|
||||
Investment income:
|
|
|
|
||||
Net realized and unrealized appreciation (depreciation) in fair value of investments
|
$
|
(15,483,456
|
)
|
|
$
|
5,347,244
|
|
Dividends and interest
|
6,752,763
|
|
|
4,629,444
|
|
||
Total investment income (loss)
|
(8,730,693
|
)
|
|
9,976,688
|
|
||
|
|
|
|
||||
Interest income on notes receivable from participants
|
73,318
|
|
|
69,294
|
|
||
|
|
|
|
||||
Contributions:
|
|
|
|
||||
Employer match, net of forfeitures applied
|
5,910,463
|
|
|
6,249,327
|
|
||
Participants
|
7,076,435
|
|
|
7,285,111
|
|
||
Rollover
|
624,396
|
|
|
1,749,849
|
|
||
Total contributions
|
13,611,294
|
|
|
15,284,287
|
|
||
Total additions
|
4,953,919
|
|
|
25,330,269
|
|
||
|
|
|
|
||||
Deduction from net assets attributed to:
|
|
|
|
||||
Distributions
|
(22,528,226
|
)
|
|
(12,905,587
|
)
|
||
Administrative fees
|
47,144
|
|
|
39,541
|
|
||
Total deductions
|
(22,481,082
|
)
|
|
(12,866,046
|
)
|
||
|
|
|
|
||||
Net change in net assets
|
(17,527,163
|
)
|
|
12,464,223
|
|
||
|
|
|
|
||||
Net assets available for plan benefits at beginning of year
|
121,607,705
|
|
|
109,143,482
|
|
||
|
|
|
|
||||
Net assets available for plan benefits at end of year
|
$
|
104,080,542
|
|
|
$
|
121,607,705
|
|
•
|
Quoted prices for similar assets or liabilities in active markets;
|
•
|
Quoted prices for identical or similar assets or liabilities in inactive markets;
|
•
|
Inputs other than quoted market prices that are observable for the asset or liability;
|
•
|
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
|
|
December 31, 2018
|
||||||||||||||
|
Level 1
|
|
Level 2
|
|
Level 3
|
|
Total
|
||||||||
Common stock funds
|
|
|
|
|
|
|
|
||||||||
QEP Stock Fund
|
$
|
4,412,582
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
4,412,582
|
|
Cash and cash equivalents
|
330,510
|
|
|
—
|
|
|
—
|
|
|
330,510
|
|
||||
Registered investment companies
|
88,266,082
|
|
|
|
|
|
|
|
|
88,266,082
|
|
||||
Total assets in the fair value hierarchy
|
93,009,174
|
|
|
—
|
|
|
—
|
|
|
93,009,174
|
|
||||
Investments measured at net asset value
(1)
|
—
|
|
|
—
|
|
|
—
|
|
|
9,621,434
|
|
||||
Investments at fair value
|
$
|
93,009,174
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
102,630,608
|
|
|
|
|
|
|
|
|
|
||||||||
|
December 31, 2017
|
||||||||||||||
Common stock funds
|
|
|
|
|
|
|
|
||||||||
QEP Stock Fund
|
$
|
8,472,354
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
8,472,354
|
|
Cash and cash equivalents
|
462,749
|
|
|
—
|
|
|
—
|
|
|
462,749
|
|
||||
Registered investment companies
|
102,985,786
|
|
|
—
|
|
|
—
|
|
|
102,985,786
|
|
||||
Total assets in the fair value hierarchy
|
111,920,889
|
|
|
—
|
|
|
—
|
|
|
111,920,889
|
|
||||
Investments measured at net asset value
(1)
|
—
|
|
|
—
|
|
|
—
|
|
|
7,916,627
|
|
||||
Investments at fair value
|
$
|
111,920,889
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
119,837,516
|
|
(1)
|
In accordance with ASC Subtopic 820-10, certain investments that were measured at net asset value per share (or its equivalent) have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the line items presented in the Statements of Net Assets Available for Plan Benefits.
|
Instrument
|
|
Fair Value
|
|
Unfunded Commitments
|
|
Redemption frequency
|
|
Redemption notice period
|
||
December 31, 2018
|
||||||||||
Collective Trust
|
|
$
|
9,621,434
|
|
|
N/A
|
|
Daily
|
|
12 months
(1)
|
|
|
|
|
|
|
|
|
|
||
December 31, 2017
|
||||||||||
Collective Trust
|
|
$
|
7,916,627
|
|
|
N/A
|
|
Daily
|
|
12 months
(1)
|
(1)
|
Qualified Plan participant initiated withdrawals are honored at any time without penalty, regardless of their frequency or amount unless payments are delayed to all unitholders. Any Plan sponsor initiated withdrawal from the fund requires a 12-month written notice of the intent to withdraw assets from the fund.
|
(a)
|
|
(b) Identity of issue, borrower, lessor or similar party
|
|
(c) Description of investment
|
|
(d) Cost
|
|
(e) Current value at December 31, 2018
|
||
|
|
Company common stock:
|
|
|
|
|
|
|
||
*
|
|
QEP Resources, Inc.
|
|
QEP Stock Fund
|
|
**
|
|
$
|
4,412,582
|
|
|
|
Cash and cash equivalents and registered investment companies:
|
|
|
|
|
|
|
||
|
|
American Funds
|
|
EuroPacific Growth R6
|
|
**
|
|
3,468,381
|
|
|
|
|
American Beacon
|
|
Small Cap Value Fund
|
|
**
|
|
1,254,066
|
|
|
*
|
|
Fidelity
|
|
Capital & Income Fund
|
|
**
|
|
2,251,395
|
|
|
*
|
|
Fidelity
|
|
Extended Market Index Fund
|
|
**
|
|
883,467
|
|
|
*
|
|
Fidelity
|
|
Government Money Market
|
|
**
|
|
330,510
|
|
|
*
|
|
Fidelity
|
|
US Bond Index
|
|
**
|
|
199,189
|
|
|
*
|
|
Fidelity
|
|
500 Index
|
|
**
|
|
9,190,582
|
|
|
*
|
|
Fidelity
|
|
Fidelity International Index
|
|
**
|
|
249,607
|
|
|
|
|
Janus
|
|
Triton I Fund
|
|
**
|
|
4,642,157
|
|
|
|
|
JP Morgan
|
|
Large Cap Growth R6
|
|
**
|
|
5,999,204
|
|
|
|
|
JP Morgan
|
|
Mid Cap Value Fund
|
|
**
|
|
2,565,324
|
|
|
|
|
MFS
|
|
Value R6 Fund
|
|
**
|
|
3,864,761
|
|
|
|
|
Oppenheimer
|
|
Developing Market I
|
|
**
|
|
571,167
|
|
|
|
|
PIMCO
|
|
Income Institutional
|
|
**
|
|
676,147
|
|
|
|
|
Prudential
|
|
Total Return Bond Fund Z
|
|
**
|
|
2,863,952
|
|
|
|
|
T. Rowe Price
|
|
Mid Cap Growth Fund
|
|
**
|
|
5,888,984
|
|
|
|
|
T. Rowe Price
|
|
Retirement Balanced
|
|
**
|
|
396,582
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2010
|
|
**
|
|
375,007
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2015
|
|
**
|
|
488,527
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2020
|
|
**
|
|
4,793,871
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2025
|
|
**
|
|
6,878,088
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2030
|
|
**
|
|
4,638,061
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2035
|
|
**
|
|
4,075,265
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2040
|
|
**
|
|
5,313,346
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2045
|
|
**
|
|
5,756,932
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2050
|
|
**
|
|
6,069,639
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2055
|
|
**
|
|
2,620,527
|
|
|
|
|
T. Rowe Price
|
|
Retirement 2060
|
|
**
|
|
373,323
|
|
|
|
|
Vanguard
|
|
REIT Index Institutional Fund
|
|
**
|
|
1,918,531
|
|
|
|
|
Common/collective trust:
|
|
|
|
|
|
|
||
|
|
Wells Fargo
|
|
Stable Return Fund C
|
|
**
|
|
9,621,434
|
|
|
*
|
|
Notes receivable from participants
|
|
Interest rates from 4.25% to 6.25%, various maturity dates
|
|
—
|
|
1,406,522
|
|
|
|
|
|
|
|
|
|
|
$
|
104,037,130
|
|
*
|
|
Indicates party-in-interest to the Plan.
|
|
|
|
|
|
|
||
**
|
|
Investments are participant-directed, therefore, cost information is not required.
|
|
QEP RESOURCES, INC.
|
|
EMPLOYEE BENEFITS COMMITTEE
|
|
|
June 14, 2019
|
/s/ Richard J. Doleshek
|
|
Richard J. Doleshek
|
|
Executive Vice President and Chief Financial Officer
|
1 Year Qep Resources Chart |
1 Month Qep Resources Chart |
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