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Quarterly Financial Results (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
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
)
____________________
(1)
Includes a $235.4 million goodwill impairment and a $79.3 million impairment of gas treating plants and CO2 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.