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Operations by Line of Business (Details) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues        
Total Revenues $ 499.3 $ 808.1 [1] $ 1,102.5 [2] $ 1,426.0 [3]
Operating expenses        
Purchased gas, oil and NGL expense 124.9 303.9 313.3 450.6
Lease operating expense 40.5 34.3 80.6 67.1
Natural gas, oil and NGL transportation and other handling costs 40.7 24.0 75.2 45.7
Gathering, processing and other 20.6 27.2 44.3 52.4
General and administrative 36.8 28.7 72.8 60.4
Production and property taxes 19.4 27.1 44.1 50.8
Depreciation, depletion and amortization 214.1 186.6 413.3 377.4
Other operating expenses 57.8 7.6 66.4 15.8
Total Operating Expenses 554.8 639.4 1,110.0 1,120.2
Net loss from asset sales 0 0.2 1.5 0.2
Operating (loss) income (55.5) 168.9 [4] (6.0) [5] 306.0 [6]
Realized and unrealized gains (losses) on derivative contracts 82.3 0 298.6 0
Interest and other income 0.9 (0.4) 2.6 0.2
Income from unconsolidated affiliates 1.4 1.3 3.3 2.2
Loss from early extinguishment of debt (0.6) 0 (0.6) 0
Interest expense (28.2) (22.1) (52.9) (44.2)
Income (loss) before income taxes 0.3 147.7 245.0 264.2
Income taxes (0.1) (54.2) (88.8) (96.9)
Net income 0.2 93.5 156.2 167.3
Net income attributable to noncontrolling interest (0.9) (0.7) (1.7) (1.3)
Net income (loss) attributable to QEP (0.7) 92.8 [7] 154.5 [8] 166.0 [9]
Unaffiliated customers [Member]
       
Revenues        
Total Revenues 499.3 808.1 [1] 1,102.5 [2] 1,426.0 [3]
Affiliated customers [Member]
       
Revenues        
Total Revenues 0 0 [1] 0 [2] 0 [3]
QEP Energy [Member]
       
Revenues        
Total Revenues 335.5 555.5 [1] 732.3 [2] 951.7 [3]
Operating expenses        
Purchased gas, oil and NGL expense 40.6 154.7 113.1 154.7
Lease operating expense 41.4 35.0 82.2 68.4
Natural gas, oil and NGL transportation and other handling costs 57.2 42.3 107.6 85.8
Gathering, processing and other 0 0 0 0
General and administrative 29.2 22.9 62.1 46.8
Production and property taxes 18.2 25.4 41.1 47.6
Depreciation, depletion and amortization 197.2 172.5 380.3 349.6
Other operating expenses 57.8 7.6 66.4 15.8
Total Operating Expenses 441.6 460.4 852.8 768.7
Net loss from asset sales   0.2 1.5 0.2
Operating (loss) income (106.1) 95.3 [4] (119.0) [5] 183.2 [6]
Realized and unrealized gains (losses) on derivative contracts 81.8   289.0  
Interest and other income 0.7 (0.5) 2.4 0.2
Income from unconsolidated affiliates 0.1 0.1 0.1 0.1
Loss from early extinguishment of debt 0   0  
Interest expense (23.4) (20.4) (47.0) (40.3)
Income (loss) before income taxes (46.9) 74.5 125.5 143.2
Income taxes 16.6 (27.7) (47.7) (53.3)
Net income (30.3) 46.8 77.8 89.9
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to QEP (30.3) 46.8 [7] 77.8 [8] 89.9 [9]
QEP Energy [Member] | Unaffiliated customers [Member]
       
Revenues        
Total Revenues 335.5 555.5 [1] 732.3 [2] 951.7 [3]
QEP Energy [Member] | Affiliated customers [Member]
       
Revenues        
Total Revenues 0 0 [1] 0 [2] 0 [3]
QEP Field Services [Member]
       
Revenues        
Total Revenues 113.6 122.2 [1] 233.3 [2] 218.8 [3]
Operating expenses        
Purchased gas, oil and NGL expense 4.1 0 4.1 0
Lease operating expense 0 0 0 0
Natural gas, oil and NGL transportation and other handling costs 12.0 1.2 20.8 2.1
Gathering, processing and other 20.4 26.9 43.8 51.7
General and administrative 9.0 6.8 13.5 15.8
Production and property taxes 1.2 1.6 2.9 3.0
Depreciation, depletion and amortization 16.1 13.5 31.4 26.7
Other operating expenses 0 0 0 0
Total Operating Expenses 62.8 50.0 116.5 99.3
Net loss from asset sales   0.1 0 0.1
Operating (loss) income 50.8 72.3 [4] 116.8 [5] 119.6 [6]
Realized and unrealized gains (losses) on derivative contracts 4.8   8.9  
Interest and other income 0.1 0 0.1 0
Income from unconsolidated affiliates 1.3 1.2 3.2 2.1
Loss from early extinguishment of debt 0   0  
Interest expense (3.6) (3.1) (5.9) (6.6)
Income (loss) before income taxes 53.4 70.4 123.1 115.1
Income taxes (19.2) (25.5) (42.7) (41.6)
Net income 34.2 44.9 80.4 73.5
Net income attributable to noncontrolling interest (0.9) (0.7) (1.7) (1.3)
Net income (loss) attributable to QEP 33.3 44.2 [7] 78.7 [8] 72.2 [9]
QEP Field Services [Member] | Unaffiliated customers [Member]
       
Revenues        
Total Revenues 83.4 102.0 [1] 177.0 [2] 175.3 [3]
QEP Field Services [Member] | Affiliated customers [Member]
       
Revenues        
Total Revenues 30.2 20.2 [1] 56.3 [2] 43.5 [3]
QEP Marketing and Other [Member]
       
Revenues        
Total Revenues 198.6 295.8 [1] 443.7 [2] 577.3 [3]
Operating expenses        
Purchased gas, oil and NGL expense 197.4 292.5 445.0 570.4
Lease operating expense 0 0 0 0
Natural gas, oil and NGL transportation and other handling costs 0 0 0 0
Gathering, processing and other 0.5 0.4 0.7 0.7
General and administrative 0.1 0.8 0.1 1.6
Production and property taxes 0 0.1 0.1 0.2
Depreciation, depletion and amortization 0.8 0.6 1.6 1.1
Other operating expenses 0 0 0 0
Total Operating Expenses 198.8 294.4 447.5 574.0
Net loss from asset sales   (0.1) 0 (0.1)
Operating (loss) income (0.2) 1.3 [4] (3.8) [5] 3.2 [6]
Realized and unrealized gains (losses) on derivative contracts (4.3)   0.7  
Interest and other income 26.8 24.8 52.7 49.2
Income from unconsolidated affiliates 0 0 0 0
Loss from early extinguishment of debt (0.6)   (0.6)  
Interest expense (27.9) (23.3) (52.6) (46.5)
Income (loss) before income taxes (6.2) 2.8 (3.6) 5.9
Income taxes 2.5 (1.0) 1.6 (2.0)
Net income (3.7) 1.8 (2.0) 3.9
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to QEP (3.7) 1.8 [7] (2.0) [8] 3.9 [9]
QEP Marketing and Other [Member] | Unaffiliated customers [Member]
       
Revenues        
Total Revenues 80.4 150.6 [1] 193.2 [2] 299.0 [3]
QEP Marketing and Other [Member] | Affiliated customers [Member]
       
Revenues        
Total Revenues 118.2 145.2 [1] 250.5 [2] 278.3 [3]
Elimination [Member]
       
Revenues        
Total Revenues (148.4) (165.4) [1] (306.8) [2] (321.8) [3]
Operating expenses        
Purchased gas, oil and NGL expense (117.2) (143.3) (248.9) (274.5)
Lease operating expense (0.9) (0.7) (1.6) (1.3)
Natural gas, oil and NGL transportation and other handling costs (28.5) (19.5) (53.2) (42.2)
Gathering, processing and other (0.3) (0.1) (0.2) 0
General and administrative (1.5) (1.8) (2.9) (3.8)
Production and property taxes 0 0 0 0
Depreciation, depletion and amortization 0 0 0 0
Other operating expenses 0 0 0 0
Total Operating Expenses (148.4) (165.4) (306.8) (321.8)
Net loss from asset sales   0 0 0
Operating (loss) income 0 0 [4] 0 [5] 0 [6]
Realized and unrealized gains (losses) on derivative contracts 0   0  
Interest and other income (26.7) (24.7) (52.6) (49.2)
Income from unconsolidated affiliates 0 0 0 0
Loss from early extinguishment of debt 0   0  
Interest expense 26.7 24.7 52.6 49.2
Income (loss) before income taxes 0 0 0 0
Income taxes 0 0 0 0
Net income 0 0 0 0
Net income attributable to noncontrolling interest 0 0 0 0
Net income (loss) attributable to QEP 0 0 [7] 0 [8] 0 [9]
Elimination [Member] | Unaffiliated customers [Member]
       
Revenues        
Total Revenues 0 0 [1] 0 [2] 0 [3]
Elimination [Member] | Affiliated customers [Member]
       
Revenues        
Total Revenues $ (148.4) $ (165.4) [1] $ (306.8) [2] $ (321.8) [3]
[1] Revenues for the three months ended June 30, 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 June 30, 2011, reflect the impact of QEP’s settled derivative contracts. See Note 6 - Derivative Contracts for detailed information on derivative contract settlements in the three months ended June 30, 2011.
[2] The impact of QEP’s settled derivative contracts, for the six months ended June 30, 2012, are reflected below operating (loss) income.
[3] Revenues for the six months ended June 30, 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 six months ended June 30, 2011, reflect the impact of QEP’s settled derivative contracts. See Note 6 - Derivative Contracts for detailed information on derivative contract settlements in the six months ended June 30, 2011.
[4] Under hedge accounting, gains and losses from realized commodity derivative contract settlements were included in revenues and operating income during the three months ended June 30, 2011.
[5] Operating (loss) income for the six months ended June 30, 2012, excludes the impact of realized commodity derivative contract settlements. During the six months ended June 30, 2012, gains and losses from realized commodity derivative contract settlements were included below operating (loss) income.
[6] Under hedge accounting, realized gains and losses from realized commodity derivative contract settlements were included in revenues and operating income during the three and six months ended June 30, 2011.
[7] Under hedge accounting, unrealized gains and losses from changes in the fair value were deferred in accumulated other comprehensive income during the three months ended June 30, 2011.
[8] Net (loss) income attributable to QEP for the six months ended June 30, 2012, includes the impact of unrealized gains and losses from changes in the fair value of the commodity derivative contracts.
[9] Under hedge accounting, unrealized gains and losses from changes in the fair value were deferred in accumulated other comprehensive income during the three and six months ended June 30, 2011.