CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
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Revenues | ||||
Oil, natural gas and NGL | $ 214,532 | $ 339,906 | $ 410,264 | $ 745,222 |
Drilling and services | 5,241 | 18,852 | 15,086 | 35,932 |
Midstream and marketing | 8,606 | 14,874 | 17,370 | 32,784 |
Other | 1,228 | 1,082 | 2,195 | 3,832 |
Total revenues | 229,607 | 374,714 | 444,915 | 817,770 |
Expenses | ||||
Production | 81,776 | 66,953 | 171,274 | 173,809 |
Production taxes | 4,382 | 7,840 | 8,896 | 15,647 |
Cost of sales | 4,884 | 10,469 | 17,711 | 22,950 |
Midstream and marketing | 7,724 | 13,254 | 15,831 | 29,254 |
Depreciation and depletion—oil and natural gas | 94,298 | 97,267 | 200,405 | 212,452 |
Depreciation and amortization—other | 12,508 | 15,411 | 25,855 | 30,933 |
Accretion of asset retirement obligations | 1,111 | 1,065 | 2,191 | 6,811 |
Impairment | 1,489,391 | 3,133 | 2,573,257 | 167,912 |
General and administrative | 38,382 | 31,915 | 74,531 | 70,453 |
Loss (gain) on derivative contracts | 33,004 | 85,292 | (16,823) | 127,783 |
(Gain) loss on sale of assets | (2,770) | 36 | (4,674) | 17 |
Total expenses | 1,764,690 | 332,635 | 3,068,454 | 858,021 |
(Loss) income from operations | (1,535,083) | 42,079 | (2,623,539) | (40,251) |
Other (expense) income | ||||
Interest expense | (73,727) | (61,863) | (136,569) | (123,906) |
Gain on extinguishment of debt | 17,934 | 0 | 17,934 | 0 |
Other income, net | 2,170 | 1,338 | 1,634 | 3,432 |
Total other expense | (53,623) | (60,525) | (117,001) | (120,474) |
Loss before income taxes | (1,588,706) | (18,446) | (2,740,540) | (160,725) |
Income tax expense (benefit) | 25 | (1,194) | 65 | (1,067) |
Net loss | (1,588,731) | (17,252) | (2,740,605) | (159,658) |
Less: net (loss) income attributable to noncontrolling interest | (220,249) | 15,642 | (337,170) | 9,572 |
Net loss attributable to SandRidge Energy, Inc. | (1,368,482) | (32,894) | (2,403,435) | (169,230) |
Preferred stock dividends | 7,074 | 13,881 | 17,955 | 27,763 |
Loss applicable to SandRidge Energy, Inc. common stockholders | $ (1,375,556) | $ (46,775) | $ (2,421,390) | $ (196,993) |
Loss per share | ||||
Basic (in dollars per share) | $ (2.78) | $ (0.10) | $ (4.98) | $ (0.41) |
Diluted (in dollars per share) | $ (2.78) | $ (0.10) | $ (4.98) | $ (0.41) |
Weighted average number of common shares outstanding | ||||
Basic | 495,153 | 485,318 | 486,704 | 485,059 |
Diluted | 495,153 | 485,318 | 486,704 | 485,059 |
X | ||||||||||
- Definition Results of Operations, Depreciation and Depletion No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of realized and unrealized gain (loss) of derivative instruments not designated or qualifying as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cost incurred related to the gas activities, such as transportation, marketing and processing crude oil, natural gas and refined petroleum products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue related to midstream and downstream gas activities. May include the following: gathering from wells, processing to remove impurities, storage, transmission, and the sale of natural gas and related products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of lease operating expense related to property used in oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Revenue from the sale of oil and gas during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition The other noncash expense, not otherwise specified in the taxonomy, charged against earnings in the period to allocate the cost of tangible and intangible assets over their remaining economic lives. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of preferred stock dividends that is an adjustment to net income apportioned to common stockholders. No definition available.
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- Definition A tax assessed on oil and gas production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accretion expense of asset retirement obligations related to oil and gas producing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Revenue from oil and gas-related services including well services (such as drilling, rigs and analytic evaluations), transportation, and other supporting contractor services, during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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