Questar Corp. (NYSE:STR) Configures Annual Earnings.

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Questar Corp. (NYSE:STR) accounted a net income of $393.3 million in 2009, or $2.23 per diluted share, compared to $683.8 million, or $3.88 per diluted share, in 2008. In the fourth quarter of 2009, Questar net income was $150.0 million, or $0.85 per diluted share, up 24% from $121.2 million, or $0.69 per diluted share, for the 2008 period. Excluding unrealized mark-to-market losses on natural gas basis-only swaps and gains on non-core asset sales, 2009 net income was $495.2 million or $2.81 per diluted share and $143.9 million or $0.81 per diluted share in the fourth quarter, compared to $692.9 million or $3.93 per diluted share and $174.1 million or $0.99 per diluted share in the full year and fourth quarter of 2008, respectively. Fourth-quarter 2009 EBITDA was $465.9 million, flat with the fourth quarter of 2008, while full-year 2009 EBITDA was $1,644.4 million compared to $1,761.2 million for 2008. Questar E&P 2009 production totaled 189.5 Bcfe, up 11% from 171.4 Bcfe in 2008. Fourth-quarter 2009 production was 55.4 Bcfe, an increase of 20% compared to 46.0 Bcfe in the prior-year period.

About Questar Corporation:

Questar Corporation, a natural gas-focused energy company, through its subsidiaries, engages in gas and oil exploration and production, midstream field services, energy marketing, interstate gas transportation, and retail gas distribution businesses. The company acquires, explores for, develops, and produces natural gas, oil, and natural gas liquids in the Rocky Mountain region of Wyoming, Utah, and Colorado, as well as the Midcontinent region of Oklahoma, Texas, and Louisiana. It provides midstream field services, including natural gas-gathering and processing for affiliates and third parties; markets equity and third-party natural gas, crude-oil, and natural gas liquid to refiners, remarketers, and other companies; provides risk-management services; and owns and operates an underground gas-storage reservoir. The company also provides natural gas-transportation and underground storage services; gas-processing services for third parties; interstate natural gas transportation and storage, and other energy services; and retail natural gas distribution services. As of December 31, 2008, it had estimated proved reserves of 2,218.1 billion cubic feet of gas equivalent; served 888,602 sales and transportation customers; owned 2,533 miles of interstate pipeline with total firm capacity commitments of 4,155 Mdth per day; and owned and operated the 488-mile Southern Trails Pipeline from the Blanco hub in the San Juan Basin to the California state line. Questar Corporation was founded in 1922 and is headquartered in Salt Lake City, Utah.

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This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.

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