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CONSOLIDATED STATEMENTS OF INCOME (Unaudited) (USD $)
In Millions, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
REVENUES    
Natural gas sales$ 266.7$ 283.2$ 795.8$ 808.4
Oil sales76.149.9218.4139.5
NGL sales34.19.367.827.4
Gathering, processing and other118.776.4340.1238.7
Purchased gas and oil sales356.8145.8810.6460.4
Total Revenues852.4564.62,232.71,674.4
OPERATING EXPENSES    
Purchased gas and oil expense352.7143.6803.3455.4
Lease operating expense37.032.8104.189.7
Gathering, processing and other27.019.579.462.6
General and administrative28.724.789.175.6
Separation costs00.2014.2
Production and property taxes27.719.778.561.6
Depreciation, depletion and amortization189.0170.5566.4469.5
Exploration expenses2.42.97.59.2
Abandonment and impairment5.712.216.429.1
Total Operating Expenses670.2426.11,744.71,266.9
Net gain from asset sales1.210.81.412.3
OPERATING INCOME183.4149.3489.4419.8
Interest and other income (loss)(0.7)1.6(0.5)4.4
Income from unconsolidated affiliates2.31.14.52.5
Loss from early extinguishment of debt(0.7)(13.3)(0.7)(13.3)
Interest expense(22.8)(22.6)(67.0)(62.8)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES161.5116.1425.7350.6
Income taxes(59.1)(44.2)(156.0)(130.5)
INCOME FROM CONTINUING OPERATIONS102.471.9269.7220.1
Discontinued operations, net of income tax00043.2
NET INCOME102.471.9269.7263.3
Net income attributable to noncontrolling interest(0.9)(0.8)(2.2)(2.1)
NET INCOME ATTRIBUTABLE TO QEP$ 101.5$ 71.1$ 267.5$ 261.2
Earnings Per Common Share Attributable to QEP    
Basic from continuing operations (in dollars per share)$ 0.58$ 0.40$ 1.52$ 1.24
Basic from discontinued operations (in dollars per share)$ 0$ 0$ 0$ 0.25
Basic total (in dollars per share)$ 0.58$ 0.40$ 1.52$ 1.49
Diluted from continuing operations (in dollars per share)$ 0.57$ 0.40$ 1.50$ 1.23
Diluted from discontinued operations (in dollars per share)$ 0$ 0$ 0$ 0.24
Diluted total (in dollars per share)$ 0.57$ 0.40$ 1.50$ 1.47
Weighted-average common shares outstanding    
Used in basic calculation (in shares)176.6175.4176.5175.2
Used in diluted calculation (in shares)178.5177.9178.5177.6
Dividends per common share (in dollars per share)$ 0.02$ 0.02$ 0.06$ 0.02