GlobeNewswire Inc | Sep 30, 2020 04:15PM EDT

September 30, 2020

DENVER, Sept. 30, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it completed its previously announced redemption of its 6.875% Senior Notes due 2021 (the 2021 Notes) in the aggregate principal amount of $275.3 million. The 2021 Notes were redeemed at a redemption price equal to 102.628% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, September 30, 2020.

About QEP Resources, Inc.

QEP Resources, Inc.(NYSE: QEP) is an independent crude oil and natural gas exploration and production company focused in two regions ofthe United States: the Southern Region (primarily inTexas) and the Northern Region (primarily inNorth Dakota). For more information, visit QEP's website at: www.qepres.com.

ContactInvestors/Media:William I. Kent, IRCDirector, Investor Relations303-405-6665