QEP Resources Announces Review of Strategic Alternatives

QEP Resources Confirms Receipt of Proposal from Elliott

Termination of Agreement to Sell Williston Basin Assets
DENVER, Feb. 20, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (QEP or the Company) today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. QEP intends to engage in discussions with a variety of parties that have expressed interest in a potential transaction, including Elliott Management Corporation.

QEP cautions that there can be no assurance that any transaction will be approved or consummated. The Company does not intend to dis…

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