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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
REVENUES      
Gas sales $ 468.5 $ 776.4 $ 779.0
Oil sales 834.2 1,368.5 916.6
NGL sales 80.0 223.3 192.2
Other revenues 15.1 11.1 22.4
Purchased gas, oil and NGL sales 620.8 913.9 774.9
Total Revenues 2,018.6 3,293.2 2,685.1
OPERATING EXPENSES      
Purchased gas, oil and NGL expense 626.8 910.1 783.5
Lease operating expense 238.8 240.1 181.3
Gas, oil and NGL transportation and other handling costs 291.3 277.6 222.0
Gathering and other expense 5.8 6.7 8.4
General and administrative 181.1 204.4 160.4
Production and property taxes 117.6 205.2 161.3
Depreciation, Depletion and Amortization 881.1 994.7 963.8
Depreciation, depletion and amortization 881.1 1,040.6 1,016.0
Exploration expenses 2.7 9.9 11.9
Impairment 55.6 1,143.2 93.0
Total Operating Expenses 2,400.8 3,991.9 2,585.6
Net gain (loss) from asset sales 4.6 (148.6) 103.5
OPERATING INCOME (LOSS) (377.6) (847.3) 203.0
Realized and unrealized gains (losses) on derivative contracts (Note 7) 277.2 363.3 58.9
Interest and other income 3.0 12.8 15.2
Income from unconsolidated affiliates 0.0 0.3 0.2
Loss from early extinguishment of debt 0.0 (2.0) 0.0
Interest expense (145.6) (169.1) (165.1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (243.0) (642.0) 112.2
Income tax (provision) benefit 93.6 232.5 (60.1)
NET INCOME FROM CONTINUING OPERATIONS (149.4) (409.5) 52.1
Net income from discontinued operations, net of income tax 0.0 1,193.9 107.3
NET INCOME (LOSS) $ (149.4) $ 784.4 $ 159.4
Earnings (Loss) Per Common Share Attributable to QEP      
Basic total $ (0.85) $ 4.36 $ 0.89
Diluted total $ (0.85) $ 4.36 $ 0.89
Weighted-average common shares outstanding      
Used in basic calculation 176.6 179.8 179.2
Used in diluted calculation 176.6 179.8 179.5
Dividends per common share $ 0.08 $ 0.08 $ 0.08
Continuing Operations [Member]      
Earnings (Loss) Per Common Share Attributable to QEP      
Basic total (0.85) (2.28) 0.29
Diluted total (0.85) (2.28) 0.29
Discontinued Operations [Member]      
Earnings (Loss) Per Common Share Attributable to QEP      
Basic total 0.00 6.64 0.60
Diluted total $ 0.00 $ 6.64 $ 0.60