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Quarterly Financial Results (Unaudited) | 12 Months Ended
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Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Results (Unaudited) | Quarterly Financial Results (Unaudited) The Company’s operating results for each quarter of 2012 and 2011 are summarized below (in thousands, except per share data).
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2012 |  |  |  |  |  |  |
Total revenues | $ | 381,635 |  |  | $ | 478,434 |  |  | $ | 532,798 |  |  | $ | 1,338,098 |
(Loss) income from operations(1)(2) | $ | (151,656 | ) |  | $ | 762,413 |  |  | $ | (75,871 | ) |  | $ | (209,690 | )
Net (loss) income(1)(2)(3) | $ | (216,224 | ) |  | $ | 917,076 |  |  | $ | (159,752 | ) |  | $ | (294,529 | )
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(1)(2)(3) | $ | (232,059 | ) |  | $ | 804,191 |  |  | $ | (184,301 | ) |  | $ | (301,785 | )
(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders(4) |  |  |  |  |  |  |
Basic | $ | (0.58 | ) |  | $ | 1.74 |  |  | $ | (0.39 | ) |  | $ | (0.63 | )
Diluted | $ | (0.58 | ) |  | $ | 1.46 |  |  | $ | (0.39 | ) |  | $ | (0.63 | )
2011 |  |  |  |  |  |  |
Total revenues | $ | 312,848 |  |  | $ | 364,774 |  |  | $ | 363,753 |  |  | $ | 373,838 |
(Loss) income from operations(5) | $ | (207,828 | ) |  | $ | 279,716 |  |  | $ | 696,582 |  |  | $ | (339,457 | )
Net (loss) income(5) | $ | (302,338 | ) |  | $ | 223,170 |  |  | $ | 636,004 |  |  | $ | (394,448 | )
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(5) | $ | (316,284 | ) |  | $ | 196,135 |  |  | $ | 561,228 |  |  | $ | (388,597 | )
(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders(4) |  |  |  |  |  |  |
Basic | $ | (0.79 | ) |  | $ | 0.49 |  |  | $ | 1.41 |  |  | $ | (0.97 | )
Diluted | $ | (0.79 | ) |  | $ | 0.42 |  |  | $ | 1.16 |  |  | $ | (0.97 | )
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(1) | Includes a $235.4 million goodwill impairment and a $79.3 million impairment of gas treating plants and CO 2 compression facilities in the fourth quarter of 2012.
(2) | Includes unrealized losses (gains) of $129.2 million, $(580.7) million, $222.5 million and $19.3 million on commodity derivative contracts for the first, second, third and fourth quarters, respectively.
(3) | Includes adjustments of $(4.8) million retrospectively applied to the second quarter of 2012 as a result of measurement period adjustments made to the preliminary purchase price allocation for the Dynamic Acquisition in the fourth quarter of 2012.
(4) | (Loss applicable) income available per share to common stockholders for each quarter is computed using the weighted-average number of shares outstanding during the quarter, while earnings per share for the fiscal year is computed using the weighted-average number of shares outstanding during the year. Thus, the sum of (loss applicable) income available per share to common stockholders for each of the four quarters may not equal the fiscal year amount.
(5) | Includes unrealized losses (gains) of $269.0 million, $(188.3) million, $(604.6) million and $429.1 million on commodity derivative contracts for the first, second, third and fourth quarters, respectively.

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=20225539&loc=d3e1280-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 30 -Subparagraph a-j -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e725-108305 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 28 -Paragraph 23, 24 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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