XML 19 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
Operations by Line of Business (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Segment Reporting Information [Line Items]    
Revenues from unaffiliated customers $ 603.2 [1],[2] $ 617.9 [1]
Revenues from affiliated companies 158.4 156.4
Operating (loss) income 49.5 [3] 137.1 [3]
Net income attributable to QEP 155.2 73.2
QEP Energy [Member]
   
Segment Reporting Information [Line Items]    
Revenues from unaffiliated customers 396.8 [1],[2] 396.2 [1],[2]
Operating (loss) income (12.9) [3] 87.9 [3]
Net income attributable to QEP 108.1 43.1
QEP Field Services [Member]
   
Segment Reporting Information [Line Items]    
Revenues from unaffiliated customers 93.6 [1],[2] 73.3 [1],[2]
Revenues from affiliated companies 26.1 23.3
Operating (loss) income 66.0 [3] 47.3 [3]
Net income attributable to QEP 45.4 28.0
QEP Marketing and Other [Member]
   
Segment Reporting Information [Line Items]    
Revenues from unaffiliated customers 112.8 [1],[2] 148.4 [1],[2]
Revenues from affiliated companies 132.3 133.1
Operating (loss) income (3.6) [3] 1.9 [3]
Net income attributable to QEP $ 1.7 $ 2.1
[1] Operating (loss) income in the first quarter of 2012 excludes the impact of realized commodity derivative contract settlements. During the first quarter of 2012 realized gains and losses from realized commodity derivative contract settlements were included below operating income. Conversely, under hedge accounting, realized gains and losses from realized commodity derivative contract settlements were included in revenues and operating income during the first quarter of 2011.
[2] Revenues for the three months ended March 31, 2011 have been recast to reflect QEP's revised reporting of its transportation and handling costs. See Note 2 "Basis of Presentation of Interim Consolidated Financial Statements" for additional information. In addition, revenues for the three months ended March 31, 2011 reflect the impact of QEP's settled derivative contracts which during the three months ended March 31, 2012 are reflected below operating income. See Note 7 "Derivative Contracts" for detailed information on derivative contract settlements in the first quarter of 2011.
[3] Net income attributable to QEP in the first quarter of 2012 includes the impact of unrealized gains and losses from changes in the fair value of the commodity derivative contract. Conversely, under hedge accounting, unrealized gains and losses from changes in the fair value were deferred in accumulated other comprehensive income during the first quarter of 2011.