Operations By Line Of Business

9 Months Ended

Sep. 30, 2011

Operations By Line Of Business [Abstract]

Operations By Line Of Business

Note 14 – 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) and marketing (QEP Marketing and other). 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. Following is a summary of operating results by line of business:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2011			2010			2011			2010
	(in millions)
Revenues from unaffiliated customers
QEP Energy	$	590.6		$	343.5		$	1,456.5		$	979.0
QEP Field Services		116.3			75.3			331.6			234.1
QEP Marketing and other		145.5			145.8			444.6			461.3
Total	$	852.4		$	564.6		$	2,232.7		$	1,674.4
Revenues from affiliated companies
QEP Field Services	$	0.8		$	0.5		$	2.2		$	1.7
QEP Marketing and other		148.7			121.0			426.9			376.7
Total	$	149.5		$	121.5		$	429.1		$	378.4
Operating income
QEP Energy	$	113.9		$	112.2		$	297.1		$	317.0
QEP Field Services		68.4			35.3			188.0			111.9
QEP Marketing and other		1.1			2.0			4.3			5.1
Separation costs		-			(0.2	)		-			(14.2	)
Total	$	183.4		$	149.3		$	489.4		$	419.8
Net income from continuing operations attributable to QEP
QEP Energy	$	58.3		$	58.6		$	148.2		$	165.0
QEP Field Services		42.0			21.0			114.2			68.5
QEP Marketing and other		1.6			2.0			5.5			3.6
Separation and debt extinguishment costs		(0.4	)		(10.5	)		(0.4	)		(19.1	)
Total	$	101.5		$	71.1		$	267.5		$	218.0