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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Gas sales $ 171.6 $ 194.8 $ 609.2 $ 610.5
Oil sales 393.5 253.8 1,041.0 656.3
NGL sales 51.1 47.7 179.3 144.4
Other revenue 3.4 2.8 5.1 8.7
Purchased gas, oil and NGL sales 290.4 220.4 780.1 644.9
Total Revenues 910.0 719.5 2,614.7 2,064.8
OPERATING EXPENSES        
Purchased gas, oil and NGL expense 288.4 219.5 775.5 650.3
Lease operating expense 61.1 43.5 177.0 130.2
Gas, oil and NGL transportation and other handling costs 71.1 58.6 198.5 158.5
Gathering and other expense 1.4 2.1 4.8 6.4
General and administrative 49.4 40.7 147.0 116.8
Production and property taxes 59.4 40.6 160.8 113.7
Depreciation, depletion and amortization 251.4 238.4 712.5 719.3
Exploration expenses 0.8 1.8 4.7 9.5
Impairment 0.1 3.8 3.6 4.0
Total operating expenses 783.1 649.0 2,184.4 1,908.7
Net gain (loss) from asset sales (11.8) 12.8 (210.3) 113.4
OPERATING INCOME 115.1 83.3 220.0 269.5
Realized and unrealized gains (losses) on derivative contracts (See Note 8) 155.7 (27.8) (13.2) 51.6
Interest and other income 4.2 6.1 7.8 22.7
Income from unconsolidated affiliates 0.1 0 0.2 0
Interest expense (41.5) (41.4) (128.4) (124.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 233.6 20.2 86.4 219.1
Income tax provision (79.9) (8.1) (26.1) (82.5)
NET INCOME FROM CONTINUING OPERATIONS 153.7 12.1 60.3 136.6
Discontinued operations, net of income tax 17.4 25.2 58.2 74.8
NET INCOME ATTRIBUTABLE TO QEP $ 171.1 $ 37.3 $ 118.5 $ 211.4
Earnings Per Common Share Attributable to QEP        
Earnings Per Share, Basic $ 0.95 $ 0.21 $ 0.66 $ 1.18
Earnings Per Share, Diluted $ 0.94 $ 0.21 $ 0.66 $ 1.18
Weighted-average common shares outstanding        
Used in basic calculation (in shares) 180.1 179.3 180.0 179.2
Used in diluted calculation (in shares) 180.6 179.5 180.4 179.4
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06
Continuing Operations [Member]
       
Earnings Per Common Share Attributable to QEP        
Earnings Per Share, Basic $ 0.85 $ 0.07 $ 0.34 $ 0.76
Earnings Per Share, Diluted $ 0.84 $ 0.07 $ 0.34 $ 0.76
Discontinued Operations [Member]
       
Earnings Per Common Share Attributable to QEP        
Earnings Per Share, Basic $ 0.10 $ 0.14 $ 0.32 $ 0.42
Earnings Per Share, Diluted $ 0.10 $ 0.14 $ 0.32 $ 0.42