Questar Corporation http://www.alacrastore.com/company-snapshot/Questar_Corporation-1013776 Sunday, October 12, 2008 4:34:53 AM 1013776 Questar Corporation en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/122319bir/122319normQuestar Corp.United StatesUtilities: Exploration, production, gathering, purchase, transmission and distribution of natural gas and oil, provides data processing and microwave communication services.4923299922121032419917FLSTR9/30/2008 6:14:05 AM122319Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/670444spcred/670444normThe latest Summary from S&Pglobal9/10/2008 3:33:00 PM175Summary670444United StatesGas UtilitiesUnited StatesGlobal IssuersUtilitiesElectricMetals & MiningEnergyGasSummaryThe short-term corporate credit rating on energy holding company Questar Corp. reflects the company's ample cash flow protection and adequate liquidity. Standard&Poor's Ratings Services does not assign a long-term corporate credit rating to Questar. Although Questar is a diversified energy company, the company derives the bulk of its profits from its oil&gas exploration and production (E&P) activities. Through its Questar Market Resources Inc. (QMR) subsidiary, the company maintains growing natural gas-focused E&P operations in the Rocky Mountains and the Midcontinent region, as well as midstream operations (gathering and processing natural gas). QMR generated 91% of operating income in second-quarter 2008. Apart from QMR, the company also provides retail gas distribution through its regulated subsidiary, Questar GasUSA74835674835G74835H55102010 551020 5510 55Questar Corp.108805USASTRSUMMARYUSA62402X74835W74836H74836J74837H62402974835N55102010 551020 5510 5510102010 101020 1010 10Questar Gas Co.Questar Pipeline Co.Questar Market Resources Inc.101580103731332340USASTR1STR214492ZGLOBISSUTILElectricMetalsEnergyGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/T1940800ccbn/T1940800norm... - Questar Corp. - Lehman Brothers Energy Power Conference We are going to continue on with the program here. Next on the agenda is Questar Corp. Probable on e of the big differentials we are going to see this year versus historical slides is that there is a lot more of them in the context of area's and region's that we have got meaningful drilling inventory. I think that's on e of the bigger differences that we have seen, we aren't just the Pinedale story anymore, although that is still a very large component of the overall economics and driving wheel behind the company. We're very, very happy to have with us today the CEO of the Corporation, Chuck Stanley, who is also President, CEO of Questar Market Resources to provide an update for us. Chuck? ... 9/3/2008 4:04:00 PMQuestar Corp.54.0000FinalQuestar Corp. at Lehman Brothers CEO Energy Conference TranscriptSTR9:45am ETTranscriptT1940800Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1919488ccbn/T1919488norm...Good morning. As you all know, Questar has multiple business segments with E&P by far the largest. Within that E&P sector, Pinedale and the midcontinent region have provided most of their recent growth. In the properties that we look at for Questar, they have a developing play in the Western part of the Woodford Shale over in Canadian County, which has shown some very promising early results. In the Elm Grove area with existing Hosston/Cotton Valley production, it gave them a big position in the Haynesville play at a very early low-cost position. They have added to that holding with two deals early this year that totaled $### million in the first quarter.With that, I would like to get Chuck Stanley, who is the Chief Operating Officer of Questar Corp. ... 8/19/2008 6:05:00 PMQuestar Corp.106.0000FinalQuestar Corp. at EnerCom Oil & Gas Conference TranscriptSTR8:50am MTTranscriptT1919488Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1738096ccbn/B1738096norm...Three of the segments; Questar E&P, Wexpro and Gas Management delivered double-digit net income growth.... 7/29/2008 2:06:00 PMQuestar Corp.54.0000EditedQuestar Corp. Q2 2008 Earnings Conference Call SummarySTR9:30am ETBriefB1738096Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1738096ccbn/T1738096norm...Good morning. My name is Tiara, and I will be your conference operator today. At this time, I would like to welcome everyone to the second-quarter #### earnings release conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks there will be a question and answer session. (OPERATOR INSTRUCTIONS). I will now like to turn the conference over to your host, senior vice president and CFO, Mr. Stephen Parks. Sir, you may begin your conference. ... 7/29/2008 11:06:00 AMQuestar Corp.54.0000FinalQuestar Corp. Q2 2008 Earnings Conference Call TranscriptSTR9:30am ETTranscriptT1738096Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/B1738094ccbn/B1738094norm...All four Market Resources segments; Questar E&P, Wexpro, Gas Management, and Energy Trading delivered double-digit net income growth. ... 4/29/2008 1:06:00 PMQuestar Corp.54.0000EditedQ1 2008 Questar Corp. Earnings Conference Call SummarySTR9:30am ETBriefB1738094Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1738094ccbn/T1738094norm...Good morning. My name is LaShay, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the first quarter #### earnings release conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. (OPERATOR INSTRUCTIONS). I'd now like to turn the call over to our host, Stephen Parks, senior vice president and CFO. Sir, you may begin your conference. ... 4/29/2008 12:14:00 PMQuestar Corp.54.0000FinalQ1 2008 Questar Corp. Earnings Conference Call TranscriptSTR9:30am ETTranscriptT1738094Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/PR_150913_633163moodys/PR_150913_633163htmlGlobal Credit Research Rating Action ## MAR #### Rating Action: Questar Corporation Moody's confirms QMR, downgrades Questar Gas and Pipeline Approximately $#.# billion of debt affected New York, March ##, #### -- Moody's Investors...Rating Action3/14/2008 12:34:54 AMQuestar Corporation633163150.0000Newshtml600046661Questar Market Resources, Inc.520700Questar Pipeline Company520000Questar Gas CompanyQuestar Corporation; Questar Gas Company; Questar Market Resources, Inc.; ...PR_150913_633163Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635303spcred/635303normThe latest Full Report from S&P3/12/2008 6:45:51 PMFull Report400global635303United StatesGas UtilitiesUnited StatesGlobal IssuersUtilitiesMetals & MiningGasEnergyElectricFull ReportAn increasing reserve base of low-cost natural gas reserves in strong producing regions, Cash flows are partially stabilized by the steady contributions from Questar Pipeline, Questar Gas, and Wexpro (each about 10% of 2007's EBITDA), and Historically conservative balance-sheet metrics have helped offset the increased contribution of cash flows from the more volatile exploration and production (E&P) sector. Significant hedging on production volumes has stabilized cash flows. Affiliation with Questar Market Resources (QMR) exposes the company to the volatility of the gas E&P sector, Gas reserves are significantly concentrated in the Rocky Mountain region, which has suffered from low regional prices due to transportation bottlenecks, and Recent increase in debt leverage from an acquisition will weaken financial metrics in theUSA74835674835G74835H55102010 551020 5510 55Questar Corp.108805USASTRFULLUSA62402X74835N62402974835W74836H74836J55102010 551020 5510 5510102010 101020 1010 10Questar Pipeline Co.Questar Gas Co.Questar Market Resources, Inc.101580103731332340USASTR214492ZSTR1GLOBISSUTILMetalsGasEnergyElectricCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/635305spcred/635305normThe latest Summary from S&P3/12/2008 6:45:51 PMSummary175global635305United StatesGas UtilitiesUnited StatesGlobal IssuersUtilitiesElectricGasSummaryThe short-term corporate credit rating on energy holding company Questar Corp. is 'A-2'. Standard&Poor's Ratings Services does not assign a long-term corporate credit rating to Questar. The short-term rating reflects the company's currently ample cash flow protection and adequate liquidity. Questar is a Salt Lake City, Utah-based natural gas-focused company that acquires, explores for, develops, produces, gathers, processes, and markets oil, gas, and hydrocarbon liquids through its Questar Market Resources (QMR) subsidiary. The company also provides retail gas distribution through its regulated subsidiary, Questar Gas, and conducts interstate gas transportation and storage activities through Questar Pipeline. As of Dec. 31, 2007, Questar had about $1.38 billion of total debt on a consolidated basis. The company operates as aUSA74835674835G74835H55102010 551020 5510 55Questar Corp.108805USASTRSUMMARYGLOBISSUTILElectricGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/ccbn/B1738092ccbn/B1738092normQ# #### Questar Corp. Earnings Conference Call2/13/2008 3:53:00 PMQuestar Corp.54.0000EditedQ4 2007 Questar Corp. Earnings Conference Call SummarySTR9:30am ETBriefB1738092Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T1738092ccbn/T1738092normQ# #### Questar Corp. Earnings Conference Call2/13/2008 12:07:00 PMQuestar Corp.54.0000FinalQ4 2007 Questar Corp. Earnings Conference Call TranscriptSTR9:30am ETTranscriptT1738092Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/moodys/PR_148400_633163moodys/PR_148400_633163htmlRating Action2/9/2008 12:27:05 AMGlobal Credit Research Rating Action # FEB #### Rating Action: Questar Corporation Moody's reviews Questar's ratings for possible downgrade Approximately $#.# billion of debt affected New York, February ##, #### -- Moody's Investors...Questar Corporation633163150.0000Newshtml600046661520700520000Questar Market Resources, Inc.Questar Pipeline CompanyQuestar Gas CompanyQuestar Corporation; Questar Gas Company; Questar Market Resources, Inc.; ...PR_148400_633163Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/628677spcred/628677normThe latest News from S&P1/31/2008 6:43:32 PMNews100global628677United StatesGas UtilitiesUnited StatesGlobal IssuersUtilitiesElectricGasNewsNEW YORK (Standard&Poor's) Jan. 31, 2008—Standard&Poor's Ratings Services today affirmed its ratings on Questar Corp. and its affiliates Questar Market Resources Inc. (QMR), Questar Gas Co., and Questar Pipeline Co. following Questar's announcement of its planned $655 million acquisition of gas development properties in northwest Louisiana. The properties are near Questar's existing Elm Grove Field operations, and should add more than 250 billion cubic feet equivalent in proved reserves. Parent Questar is a Salt Lake City, Utah-based natural gas-focused company that acquires, explores for, develops, produces, gathers, processes, and markets oil, gas, and hydrocarbon liquids through its QMR subsidiary. The company also provides retail gas distribution through its regulated subsidiary, Questar Gas, and conducts interstate gasUSA74835674835G74835H55102010 551020 5510 55Questar Corp.108805USASTRNEWSGLOBISSUTILElectricGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/628678spcred/628678normThe latest Research Update from S&P1/31/2008 6:43:32 PMResearch Update175global628678United StatesGas UtilitiesUnited StatesGlobal IssuersUtilitiesMetals & MiningElectricEnergyGasResearch UpdateOn Jan. 31, 2008, Standard&Poor's Ratings Service affirmed its ratings on Questar Corp. and its affiliates Questar Market Resources Inc. (QMR), Questar Gas Co., and Questar Pipeline Co. following Questar's announcement of its planned $655 million acquisition of gas development properties in northwest Louisiana. The properties are near Questar's existing Elm Grove Field operations, and should add more than 250 billion cubic feet equivalent in proved reserves. Parent Questar is a Salt Lake City, Utah-based natural gas-focused company that acquires, explores for, develops, produces, gathers, processes, and markets oil, gas, and hydrocarbon liquids through its QMR subsidiary. The company also provides retail gas distribution through its regulated subsidiary, Questar Gas, and conducts interstate gas transportation and storage activitiesUSA74835674835G74835H55102010 551020 5510 55Questar Corp.108805USASTRRESUPDUSA62402974835N74835W74836H74836J62402X10102010 101020 1010 1055102010 551020 5510 55Questar Pipeline Co.Questar Gas Co.Questar Market Resources, Inc.101580103731332340USASTR214492ZSTR1GLOBISSUTILMetalsElectricEnergyGasCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/LRA_633163moodys/LRA_633163htmlLiquidity Risk Assessment1/3/2008 7:55:12 PMGlobal Credit Research Liquidity Risk Assessment ## APR #### Liquidity Risk Assessment: Questar Corporation Questar Corporation Salt Lake City, Utah, United States Broad Industry: Public Utility Specific Industry: Gas Transmission/Distribution...Questar Corporation633163300.0000AnalysishtmlQuestar CorporationLRA_633163Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_633163moodys/COP_633163htmlGlobal Credit Research Credit Opinion ## MAR #### Credit Opinion: Questar Corporation Questar Corporation Salt Lake City, Utah, United States Ratings Category Moody's Rating Outlook Stable Commercial Paper P-# Questar Pipeline Company...Credit Opinion1/2/2008 7:28:00 PMQuestar Corporation633163150.0000NewshtmlQuestar CorporationCOP_633163Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_61365_633163moodys/PR_61365_633163htmlRating Action12/21/2007 4:57:28 AMGlobal Credit Research Rating Action ## NOV #### Rating Action: Questar Corporation MOODY'S DOWNGRADES THE RATINGS OF QUESTAR CORP. AND ITS SUBSIDIARIES (QUESTAR GAS COMPANY AND QUESTAR PIPELINE COMPANY TO A# SENIOR UNSECURED) Approximately...Questar Corporation633163150.00Newshtml600046661Questar Market Resources, Inc.520700Questar Pipeline Company520000Questar Gas CompanyQuestar Corporation; Questar Gas Company; Questar Market Resources, Inc.; ...PR_61365_633163Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_145706_633163moodys/PR_145706_633163htmlRating Action12/19/2007 12:29:42 AMGlobal Credit Research Rating Action ## DEC #### Rating Action: Questar Corporation Moody's changes Questar Gas and Pipeline's outlook to negative About $### million of debt affected New York, December ##, #### -- Moody's Investors...Questar Corporation633163150.0000Newshtml600046661Questar Market Resources, Inc.520700Questar Pipeline Company520000Questar Gas CompanyQuestar Corporation; Questar Gas Company; Questar Market Resources, Inc.; ...PR_145706_633163Credit & Investment ResearchMoody's Global Credit Research