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Operations by Line of Business (Tables)
 3 Months Ended
Mar. 31, 2014
Segment Reporting [Abstract]  
Summary of operating results by line of business
Operations by Line of Business
 
QEP’s lines of business include gas and oil exploration and production (QEP Energy), midstream field services (QEP Field Services), which includes the ownership and operation of QEP Midstream, and marketing and corporate (QEP Marketing & Resources). The lines of business are managed separately and therefore the financial information is presented separately due to the distinct differences in the nature of operations of each line of business, among other factors. QEP Field Services owns a 57.8% ownership interest in QEP Midstream and it is consolidated under the voting interest model in QEP Field Services' operating results. The outside ownership interest in QEP Midstream is presented separately as a noncontrolling interest.

The following table is a summary of operating results for the three months ended March 31, 2014, by line of business:
 
QEP Energy
 
QEP Field
Services
 
QEP Marketing
 & Resources
 
Eliminations
 
QEP
Consolidated
 
(in millions)
Revenues
 
 
 
 
 
 
 
 
 
From unaffiliated customers
$
613.2

 
$
79.8

 
$
190.9

 
$
—

 
$
883.9

From affiliated customers
—

 
26.4

 
312.1

 
(338.5
)
 
—

Total revenues
613.2

 
106.2

 
503.0

 
(338.5
)
 
883.9

Operating expenses
 

 
 
 
 

 
 

 
 

Purchased gas, oil and NGL expense
38.0

 
—

 
497.9

 
(311.6
)
 
224.3

Lease operating expense
56.4

 
—

 
—

 
(1.1
)
 
55.3

Gas, oil and NGL transportation and other handling costs
64.5

 
3.6

 
—

 
(24.7
)
 
43.4

Gathering, processing and other
—

 
25.7

 
0.4

 
(0.3
)
 
25.8

General and administrative
41.8

 
14.4

 
1.2

 
(0.8
)
 
56.6

Production and property taxes
47.4

 
1.8

 
0.1

 
—

 
49.3

Depreciation, depletion and amortization
223.4

 
16.5

 
0.3

 
—

 
240.2

Other operating expenses
4.2

 
—

 
—

 
—

 
4.2

Total operating expenses
475.7

 
62.0

 
499.9

 
(338.5
)
 
699.1

Net gain from asset sales
2.4

 
—

 
—

 


 
2.4

Operating income
139.9

 
44.2

 
3.1

 
—

 
187.2

Realized and unrealized losses on derivative contracts
(78.5
)
 
—

 
(2.4
)
 
—

 
(80.9
)
Interest and other income
2.9

 
—

 
48.8

 
(48.8
)
 
2.9

Income from unconsolidated affiliates
—

 
2.2

 
—

 
—

 
2.2

Interest expense
(48.9
)
 
(0.6
)
 
(41.8
)
 
48.8

 
(42.5
)
Income before income taxes
15.4

 
45.8

 
7.7

 
—

 
68.9

Income tax provision
(5.9
)
 
(14.6
)
 
(2.9
)
 
—

 
(23.4
)
Net income
9.5

 
31.2

 
4.8

 
—

 
45.5

Net income attributable to noncontrolling interest
—

 
(5.8
)
 
—

 
—

 
(5.8
)
Net income attributable to QEP
$
9.5

 
$
25.4

 
$
4.8

 
$
—

 
$
39.7

Identifiable total assets
$
9,004.1

 
$
1,515.5

 
$
314.6

 
$
(254.6
)
 
$
10,579.6

















The following table is a summary of operating results for the three months ended March 31, 2013, by line of business:
 
QEP Energy
 
QEP Field
Services
 
QEP Marketing
 & Resources
 
Eliminations
 
QEP
Consolidated
 
(in millions)
Revenues
 
 
 
 
 
 
 
 
 
From unaffiliated customers
$
508.2

 
$
64.4

 
$
123.9

 
$
—

 
$
696.5

From affiliated customers
—

 
27.6

 
217.2

 
(244.8
)
 
—

Total revenues
508.2

 
92.0

 
341.1

 
(244.8
)
 
696.5

Operating expenses
 

 
 

 
 

 
 

 
 

Purchased gas, oil and NGL expense
65.7

 
5.1

 
342.5

 
(216.5
)
 
196.8

Lease operating expense
41.0

 
—

 
—

 
(0.9
)
 
40.1

Gas, oil and NGL transportation and other handling costs
56.2

 
2.8

 
—

 
(26.2
)
 
32.8

Gathering, processing and other
—

 
20.3

 
0.3

 
—

 
20.6

General and administrative
36.7

 
9.5

 
1.0

 
(1.2
)
 
46.0

Production and property taxes
34.7

 
1.1

 
0.1

 
—

 
35.9

Depreciation, depletion and amortization
238.1

 
15.8

 
0.3

 
—

 
254.2

Other operating expenses
5.1

 
—

 
—

 
—

 
5.1

Total operating expenses
477.5

 
54.6

 
344.2

 
(244.8
)
 
631.5

Net gain (loss) from assets sales
0.1

 
(0.3
)
 
—

 
—

 
(0.2
)
Operating income (loss)
30.8

 
37.1

 
(3.1
)
 
—

 
64.8

Realized and unrealized losses on derivative contracts
(34.2
)
 
—

 
(0.4
)
 
—

 
(34.6
)
Interest and other income
1.7

 
0.3

 
51.2

 
(51.2
)
 
2.0

Income from unconsolidated affiliates
—

 
1.3

 
—

 
—

 
1.3

Interest expense
(45.3
)
 
(4.0
)
 
(41.3
)
 
51.2

 
(39.4
)
(Loss) income before income taxes
(47.0
)
 
34.7

 
6.4

 
—

 
(5.9
)
Income tax benefit (provision)
17.2

 
(12.5
)
 
(2.5
)
 
—

 
2.2

Net (loss) income
(29.8
)
 
22.2

 
3.9

 
—

 
(3.7
)
Net income attributable to noncontrolling interest
—

 
(0.6
)
 
—

 
—

 
(0.6
)
Net (loss) income attributable to QEP
$
(29.8
)
 
$
21.6

 
$
3.9

 
$
—

 
$
(4.3
)
Identifiable total assets
$
7,756.8

 
$
1,660.6

 
$
294.9

 
$
(568.4
)
 
$
9,143.9