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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
REVENUES        
Natural gas sales $ 194.8 $ 170.3 $ 610.5 $ 470.4
Oil sales 253.8 117.7 656.3 335.7
NGL sales 71.3 67.5 215.0 247.0
Gathering, processing and other 46.9 46.3 135.1 141.9
Purchased gas, oil and NGL sales 206.0 140.6 603.4 449.9
Total Revenues 772.8 542.4 2,220.3 1,644.9
OPERATING EXPENSES        
Purchased gas, oil and NGL expense 205.0 142.6 608.8 455.9
Lease operating expense 45.0 42.2 127.4 122.8
Natural gas, oil and NGL transportation and other handling costs 34.5 36.3 105.8 111.5
Gathering, processing and other 22.4 22.1 66.5 66.4
General and administrative 49.3 41.7 136.2 114.5
Production and property taxes 42.5 24.3 117.7 68.4
Depreciation, depletion and amortization 253.1 234.6 757.1 648.3
Exploration expenses 1.8 2.2 9.5 6.3
Impairment 3.8 9.0 4.0 70.9
Total Operating Expenses 657.4 555.0 1,933.0 1,665.0
Net (loss) gain from asset sales 12.8 0 113.0 1.5
OPERATING INCOME 128.2 (12.6) 400.3 (18.6)
Realized and unrealized (losses) gains on derivative contracts (See Note 8) (27.8) 36.1 51.6 334.7
Interest and other income 4.0 (0.2) 9.1 2.4
Income from unconsolidated affiliates 0.8 2.3 3.7 5.6
Loss from early extinguishment of debt 0 0 0 (0.6)
Interest expense (41.7) (30.0) (122.5) (82.9)
(LOSS) INCOME BEFORE INCOME TAXES 63.5 (4.4) 342.2 240.6
Income tax benefit (provision) (22.4) 2.3 (125.0) (86.5)
NET (LOSS) INCOME 41.1 (2.1) 217.2 154.1
Net income attributable to noncontrolling interest (3.8) (1.0) (5.8) (2.7)
NET (LOSS) INCOME ATTRIBUTABLE TO QEP $ 37.3 $ (3.1) $ 211.4 $ 151.4
Earnings Per Common Share Attributable to QEP        
Basic total (in dollars per share) $ 0.21 $ (0.02) $ 1.18 $ 0.85
Diluted total (in dollars per share) $ 0.21 $ (0.02) $ 1.18 $ 0.85
Weighted-average common shares outstanding        
Used in basic calculation (in shares) 179.3 177.9 179.2 177.6
Used in diluted calculation (in shares) 179.5 177.9 179.4 178.6
Dividends per common share (in dollars per share) $ 0.02 $ 0.02 $ 0.06 $ 0.06