Operations By Line Of Business

6 Months Ended

Jun. 30, 2011

Operations By Line Of Business

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). 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 June 30,					Six Months Ended June 30,
	2011		2010			2011		2010
	(in millions)
Revenues from Unaffiliated Customers
QEP Energy	$	513.2	$	315.8		$	865.9	$	635.5
QEP Field Services		120.2		78.5			215.3		158.8
QEP Marketing and other		150.7		135.3			299.1		315.5
Total	$	784.1	$	529.6		$	1,380.3	$	1,109.8
Revenues from Affiliated Companies
QEP Field Services	$	0.8	$	0.6		$	1.4	$	1.2
QEP Marketing and other		145.1		112.4			278.2		255.7
Total	$	145.9	$	113.0		$	279.6	$	256.9
Operating Income
QEP Energy	$	95.3	$	101.0		$	183.2	$	204.8
QEP Field Services		72.3		39.5			119.6		76.6
QEP Marketing and other		1.3		1.1			3.2		3.1
Certain separation costs		—		(14.0	)		—		(14.0	)
Total	$	168.9	$	127.6		$	306.0	$	270.5
Net Income from Continuing Operations Attributable to QEP
QEP Energy	$	46.8	$	52.6		$	89.9	$	106.4
QEP Field Services		44.2		24.3			72.2		47.5
QEP Marketing and other		1.8		0.5			3.9		1.6
Certain separation costs		—		(8.6	)		—		(8.6	)
Total	$	92.8	$	68.8		$	166.0	$	146.9