During the corresponding time, Qep Resources Inc saw a revenue deteriorated by -37.17 % year on year, sequentially revenue grew by 9.06 %. While revenue at the Qep Resources Inc 's corporate clients
Qep Resources Inc's Comment on Sales, Marketing and Customers
Significant Customers
The Companys five largest customers accounted for 35%, in the aggregate, of
QEPs revenues. Management believes that the loss of any of these customers,
or any other customer, would not have a material effect on the financial position
or results of operations of QEP, since there are numerous potential purchasers
of its production. Freepoint Commodities, LLC, accounted for 12% of the Companys
total revenues. Chevron U.S.A. Inc. and Enterprise Products Operating, L.P.
accounted for 13% and 10%, respectively, of the Companys total revenues.
QEP Energy, both directly and through QEP Marketing, sells its gas, oil and
NGL production to a variety of customers, including gas-marketing firms, industrial
users, local-distribution companies, crude oil refiners and marketers. QEP Energy
regularly evaluates counterparty credit and may require financial guarantees
or prepayments from parties that fail to meet its credit criteria.
Qep Resources Inc’s Comment on Sales, Marketing and Customers
Significant Customers
The Companys five largest customers accounted for 35%, in the aggregate, of
QEPs revenues. Management believes that the loss of any of these customers,
or any other customer, would not have a material effect on the financial position
or results of operations of QEP, since there are numerous potential purchasers
of its production. Freepoint Commodities, LLC, accounted for 12% of the Companys
total revenues. Chevron U.S.A. Inc. and Enterprise Products Operating, L.P.
accounted for 13% and 10%, respectively, of the Companys total revenues.
QEP Energy, both directly and through QEP Marketing, sells its gas, oil and
NGL production to a variety of customers, including gas-marketing firms, industrial
users, local-distribution companies, crude oil refiners and marketers. QEP Energy
regularly evaluates counterparty credit and may require financial guarantees
or prepayments from parties that fail to meet its credit criteria.
Sources:
Qep Resources Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Qep Resources Inc’s corporate clients.
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