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Quarterly Financial Information (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information [Table Text Block]

The following table provides a summary of unaudited quarterly financial information:
 
First Quarter
 
Second Quarter
 
Third Quarter
 
Fourth Quarter
 
Year
 
(in millions, except per share amounts)
2015
 
 
 
 
 
 
 
 
 
Revenues(1)
$
468.1

 
$
574.6

 
$
507.6

 
$
468.3

 
$
2,018.6

Operating income (loss)
(128.6
)
 
(16.7
)
 
(87.7
)
 
(144.6
)
 
(377.6
)
Net income (loss)
(55.6
)
 
(76.3
)
 
21.1

 
(38.6
)
 
(149.4
)
Non-recurring items in operating income (loss) (3)
(50.5
)
 
24.0

 
(2.1
)
 
(22.4
)
 
(51.0
)
Per share information
 
 
 
 
 
 
 
 
 
Basic EPS
$
(0.32
)
 
$
(0.43
)
 
$
0.12

 
$
(0.22
)
 
$
(0.85
)
Diluted EPS
(0.32
)
 
(0.43
)
 
0.12

 
(0.22
)
 
(0.85
)
2014
 
 
 
 
 
 
 
 
 
Revenues(1)
$
827.6

 
$
850.0

 
$
858.5

 
$
757.1

 
$
3,293.2

Operating income (loss)
140.8

 
(35.9
)
 
115.1

 
(1,067.3
)
 
(847.3
)
Income (loss) from continuing operations
12.7

 
(106.1
)
 
153.7

 
(469.8
)
 
(409.5
)
Discontinued operations, net of income taxes (2)
27.0

 
13.8

 
17.4

 
1,135.7

 
1,193.9

Net income (loss)
39.7

 
(92.3
)
 
171.1

 
665.9

 
784.4

Non-recurring items in operating income (loss) (3)
0.4

 
(202.5
)
 
(11.9
)
 
$
(1,077.8
)
 
(1,291.8
)
Per share information
 
 
 
 
 
 
 
 
 
Basic EPS from continuing operations
$
0.07

 
$
(0.59
)
 
$
0.85

 
$
(2.62
)
 
$
(2.28
)
Basic EPS from discontinued operations
0.15

 
0.08

 
0.10

 
6.34

 
6.64

Diluted EPS from continuing operations
0.07

 
(0.59
)
 
0.84

 
(2.62
)
 
(2.28
)
Diluted EPS from discontinued operations
0.15

 
0.08

 
0.10

 
6.34

 
6.64

 ____________________________
(1)In the fourth quarter of 2015, the Company determined that certain purchased oil transactions that had been included in "Revenues" on a gross basis should have been reported net, as the transactions were with the same counterparty and were entered into in contemplation of one another. The revisions had no effect on the Company’s operating income, net income or earnings per share. See Note 1 – Summary of Significant Accounting Policies for additional information. The following tables detail the impact to Revenues of the revisions to the Consolidated Statement of Operations for the quarters presented.    
 
 
2015
 
 
First Quarter
 
Second Quarter
 
Third Quarter
 
 
As Reported
 
As Adjusted
 
Change
 
As Reported
 
As Adjusted
 
Change
 
As Reported
 
As Adjusted
 
Change
 
 
(in millions)
Revenues
 
$
491.6

 
$
468.1

 
$
(23.5
)
 
$
608.6

 
$
574.6

 
$
(34.0
)
 
$
536.7

 
$
507.6

 
$
(29.1
)


 
 
2014
 
 
First Quarter
 
Second Quarter
 
 
As Reported
 
As Adjusted
 
Change
 
As Reported
 
As Adjusted
 
Change
 
 
(in millions)
Revenues
 
$
817.5

 
$
827.6

 
$
10.1

 
$
887.2

 
$
850.0

 
$
(37.2
)
 
 
2014
 
 
Third Quarter
 
Fourth Quarter
 
 
As Reported
 
As Adjusted
 
Change
 
As Reported
 
As Adjusted
 
Change
 
 
(in millions)
Revenues
 
$
910.0

 
$
858.5

 
$
(51.5
)
 
$
799.6

 
$
757.1

 
$
(42.5
)

(2) 
In December 2014, QEP completed the Midstream Sale. QEP Field Services' financial results (excluding results of Haynesville Gathering) have been reflected as discontinued operations and all prior periods have been reclassified.
(3) 
Includes net gains and losses from asset sales and losses due to asset impairments.