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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
REVENUES        
Natural gas sales $ 218.1 $ 138.9 $ 415.7 $ 300.1
Oil sales 208.3 107.2 402.5 218.0
NGL sales 75.3 82.1 143.7 179.5
Gathering, processing and other 42.6 45.8 88.2 95.6
Purchased gas, oil and NGL sales 206.7 125.3 397.4 309.3
Total Revenues 751.0 499.3 1,447.5 1,102.5
OPERATING EXPENSES        
Purchased gas, oil and NGL expense 207.0 124.9 403.8 313.3
Lease operating expense 43.5 40.5 82.4 80.6
Natural gas, oil and NGL transportation and other handling costs 37.3 40.7 71.3 75.2
Gathering, processing and other 23.5 20.6 44.1 44.3
General and administrative 40.9 36.8 86.9 72.8
Production and property taxes 39.3 19.4 75.2 44.1
Depreciation, depletion and amortization 249.8 214.4 504.0 413.7
Exploration expenses 2.6 2.1 7.7 4.1
Impairment 0.2 55.4 0.2 61.9
Total Operating Expenses 644.1 554.8 1,275.6 1,110.0
Net (loss) gain from asset sales 100.4 0 100.2 1.5
OPERATING INCOME 207.3 (55.5) 272.1 (6.0)
Realized and unrealized (losses) gains on derivative contracts (See Note 7) 114.0 82.3 79.4 298.6
Interest and other income 3.1 0.9 5.1 2.6
Income from unconsolidated affiliates 1.6 1.4 2.9 3.3
Loss from early extinguishment of debt 0 (0.6) 0 (0.6)
Interest expense (41.4) (28.2) (80.8) (52.9)
(LOSS) INCOME BEFORE INCOME TAXES 284.6 0.3 278.7 245.0
Income tax benefit (provision) (104.8) (0.1) (102.6) (88.8)
NET (LOSS) INCOME 179.8 0.2 176.1 156.2
Net income attributable to noncontrolling interest (1.4) (0.9) (2.0) (1.7)
NET (LOSS) INCOME ATTRIBUTABLE TO QEP $ 178.4 $ (0.7) $ 174.1 $ 154.5
Earnings Per Common Share Attributable to QEP        
Basic total (in dollars per share) $ 0.99 $ 0.00 $ 0.97 $ 0.87
Diluted total (in dollars per share) $ 0.99 $ 0.00 $ 0.97 $ 0.87
Weighted-average common shares outstanding        
Used in basic calculation (in shares) 179.3 177.7 179.1 177.6
Used in diluted calculation (in shares) 179.5 177.7 179.4 178.5
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.04 $ 0.04