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Quarterly Financial Results (Unaudited)
 12 Months Ended
Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Results (Unaudited)
Quarterly Financial Results (Unaudited)

The Company’s operating results for each quarter of 2013 and 2012 are summarized below (in thousands, except per share data).
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
2013
 
 
 
 
 
 
 
Total revenues
$
511,690

 
$
512,987

 
$
493,603

 
$
465,108

(Loss) income from operations(1)(2)(3)
$
(359,526
)
 
$
86,458

 
$
6,088

 
$
97,979

Net (loss) income(1)(2)(3)
$
(531,259
)
 
$
24,685

 
$
(57,002
)
 
$
49,097

(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(1)(2)(3)
$
(493,221
)
 
$
(34,317
)
 
$
(87,074
)
 
$
5,198

(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders(4)
 
 
 
 
 
 
 
Basic
$
(1.03
)
 
$
(0.07
)
 
$
(0.18
)
 
$
0.01

Diluted
$
(1.03
)
 
$
(0.07
)
 
$
(0.18
)
 
$
0.01

2012
 
 
 
 
 
 
 
Total revenues
$
381,635

 
$
478,434

 
$
532,798

 
$
1,338,098

(Loss) income from operations(5)(6)
$
(151,656
)
 
$
762,413

 
$
(75,871
)
 
$
(209,690
)
Net (loss) income(5)(6)(7)
$
(216,224
)
 
$
917,076

 
$
(159,752
)
 
$
(294,529
)
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(5)(6)(7)
$
(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
)
____________________
(1)
Includes a $10.6 million impairment of various drilling assets and a $2.9 million impairment of a corporate asset in the second quarter of 2013 and a $2.1 million and $10.0 million impairment of certain midstream inventory, natural gas compressors, gas treating plants and a CO2 compression station in the second and fourth quarters of 2013, respectively.
(2)
Includes loss (gain) on commodity derivative contracts of $40.9 million, $(103.7) million, $132.8 million and $(22.9) million for the first, second, third and fourth quarters, respectively.
(3)
Includes loss on sale of Permian Properties of $398.9 million in the first quarter of 2013.
(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 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.
(6)
Includes loss (gain) on commodity derivative contracts of $254.6 million, $(669.9) million, $193.5 million and $(19.6) million for the first, second, third and fourth quarters, respectively.
(7)
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.