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Summarized Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summarized Quarterly Financial Information (Unaudited)
SUMMARIZED QUARTERLY FINANCIAL DATA (Unaudited)
 

The following data summarizes quarterly operating results:

 
Year ended December 31, 2015
(in thousands, except per share amounts)
First
Second
Third
Fourth
Revenues
$
221,858

$
168,326

$
295,571

$
192,799

Operating loss
$
(12,409
)
$
(161,678
)
$
(348,214
)
$
(915,550
)
Loss from continuing operations
$
(15,420
)
$
(111,601
)
$
(227,904
)
$
(590,806
)
Net loss
$
(15,420
)
$
(111,601
)
$
(227,904
)
$
(590,806
)
Diluted earnings per average common share
 
 
 
 
Continuing operations
$
(0.21
)
$
(1.52
)
$
(2.89
)
$
(7.50
)
Net loss
$
(0.21
)
$
(1.52
)
$
(2.89
)
$
(7.50
)
Basic earnings per average common share
 
 
 
 
Continuing operations
$
(0.21
)
$
(1.52
)
$
(2.89
)
$
(7.50
)
Net loss
$
(0.21
)
$
(1.52
)
$
(2.89
)
$
(7.50
)


 
Year ended December 31, 2014
(in thousands, except per share amounts)
First
Second
Third
Fourth
Revenues as originally reported
$
561,178

$
270,097

$
497,761

$
611,435

Discontinued operations*
(263,900
)
—

—

—

Reclassification of loss on sale of assets and other
153

909

747

833

Adjusted revenues
$
297,431

$
271,006

$
498,508

$
612,268

Operating income as originally reported
$
104,599

$
3,107

$
48,171

$
94,223

Discontinued operations*
(73,139
)
—

—

—

Adjusted operating income
$
31,460

$
3,107

$
48,171

$
94,223

Income (loss) from continuing operations
$
15,647

$
(3,154
)
$
20,631

$
66,519

Net income (loss)
$
53,316

$
(7,953
)
$
457,251

$
65,418

Diluted earnings per average common share
 
 
 
 
Continuing operations
$
0.21

$
(0.04
)
$
0.28

$
0.91

Net income (loss)
$
0.73

$
(0.11
)
$
6.22

$
0.89

Basic earnings per average common share
 
 
 
 
Continuing operations
$
0.22

$
(0.04
)
$
0.28

$
0.91

Net income (loss)
$
0.73

$
(0.11
)
$
6.26

$
0.90


*As discussed in Note 16, Discontinued Operations and Held for Sale Properties, during the third quarter of 2014, Energen completed the transaction to sell Alagasco to Laclede. During the second quarter of 2014, Energen classified Alagasco as held for sale and reflected the associated operating results in discontinued operations.