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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Oil and natural gas $ 459,211 $ 488,252 $ 1,391,510 $ 1,259,375
Drilling and services 16,149 27,760 49,597 90,701
Midstream and marketing 14,624 10,708 42,854 27,866
Construction contract 0 0 23,253 0
Other 3,619 6,078 11,066 14,925
Total revenues 493,603 532,798 1,518,280 1,392,867
Expenses        
Production 116,317 137,033 365,629 342,824
Production taxes 8,816 12,967 24,819 36,222
Cost of sales 13,773 15,666 45,438 52,468
Midstream and marketing 13,224 10,674 39,954 27,187
Construction contract 0 0 23,253 0
Depreciation and depletion—oil and natural gas 137,639 166,126 434,068 392,452
Depreciation and amortization—other 15,270 16,497 46,628 46,357
Accretion of asset retirement obligations 8,472 9,053 28,051 19,625
Impairment 687 0 16,330 0
General and administrative 39,970 46,781 292,675 158,798
Loss (gain) on derivative contracts 132,808 193,497 70,051 (221,707)
Loss on sale of assets 539 375 398,364 3,755
Total expenses 487,515 608,669 1,785,260 857,981
Income (loss) from operations 6,088 [1] (75,871) [1] (266,980) [2] 534,886 [2]
Other income (expense)        
Interest expense (61,385) (81,894) (208,454) (217,428)
Bargain purchase gain 0 0 0 122,696
Loss on extinguishment of debt 0 (3,056) (82,005) (3,056)
Other income, net 658 1,242 1,163 3,629
Total other expense (60,727) (83,708) (289,296) (94,159)
(Loss) income before income taxes (54,639) (159,579) (556,276) 440,727
Income tax expense (benefit) 2,363 173 7,300 (100,373)
Net (loss) income (57,002) (159,752) (563,576) 541,100
Less: net income attributable to noncontrolling interest 16,191 10,668 9,393 111,626
Net (loss) income attributable to SandRidge Energy, Inc. (73,193) (170,420) (572,969) 429,474
Preferred stock dividends 13,881 13,881 41,644 41,644
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders $ (87,074) $ (184,301) $ (614,613) $ 387,830
(Loss) earnings per share        
Basic (in dollars) $ (0.18) $ (0.39) $ (1.28) $ 0.87
Diluted (in dollars) $ (0.18) $ (0.39) $ (1.28) $ 0.80
Weighted average number of common shares outstanding        
Basic (in shares) 483,582 476,037 480,209 445,991
Diluted (in shares) 483,582 476,037 480,209 537,300
[1] Exploration and production segment loss from operations includes losses due to changes in fair value of commodity derivative contracts of $119.6 million and $222.5 million for the three-month periods ended September 30, 2013 and 2012, respectively.
[2] Exploration and production segment (loss) income from operations includes losses (gains) due to changes in fair value of commodity derivative contracts of $58.5 million and $(229.1) million for the nine-month periods ended September 30, 2013 and 2012, respectively. Exploration and production segment loss from operations also includes a loss on the sale of the Permian Properties of $398.9 million for the nine-month period ended September 30, 2013.