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Quarterly Financial Results (Unaudited) | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Results (Unaudited) | Quarterly Financial Results (Unaudited) The Company’s operating results for each quarter of 2014 and 2013 are summarized below (in thousands, except per share data).
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2014 |  |  |  |  |  |  |
Total revenues | $ | 443,056 |  |  | $ | 374,714 |  |  | $ | 394,107 |  |  | $ | 346,881 |
(Loss) income from operations(1)(2) | $ | (82,330 | ) |  | $ | 42,079 |  |  | $ | 256,491 |  |  | $ | 373,984 |
Net (loss) income(1)(2) | $ | (142,406 | ) |  | $ | (17,252 | ) |  | $ | 197,499 |  |  | $ | 314,057 |
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(1)(2) | $ | (150,217 | ) |  | $ | (46,775 | ) |  | $ | 145,957 |  |  | $ | 254,295 |
(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders(3) |  |  |  |  |  |  |
Basic | $ | (0.31 | ) |  | $ | (0.10 | ) |  | $ | 0.30 |  |  | $ | 0.55 |
Diluted | $ | (0.31 | ) |  | $ | (0.10 | ) |  | $ | 0.27 |  |  | $ | 0.48 |
2013 |  |  |  |  |  |  |
Total revenues | $ | 511,690 |  |  | $ | 512,987 |  |  | $ | 493,603 |  |  | $ | 465,108 |
(Loss) income from operations(4)(5)(6) | $ | (367,482 | ) |  | $ | 78,386 |  |  | $ | (2,166 | ) |  | $ | 122,261 |
Net (loss) income(4)(5)(6) | $ | (539,215 | ) |  | $ | 16,613 |  |  | $ | (65,256 | ) |  | $ | 73,379 |
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(4)(5)(6) | $ | (501,177 | ) |  | $ | (42,389 | ) |  | $ | (95,328 | ) |  | $ | 29,480 |
(Loss applicable) income available per share to SandRidge Energy, Inc. common stockholders(3) |  |  |  |  |  |  |
Basic | $ | (1.05 | ) |  | $ | (0.09 | ) |  | $ | (0.20 | ) |  | $ | 0.06 |
Diluted | $ | (1.05 | ) |  | $ | (0.09 | ) |  | $ | (0.20 | ) |  | $ | 0.06 |
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(1) | Includes a full cost ceiling limitation impairment of $164.8 million in the first quarter and impairments of drilling assets of $3.1 million and $24.3 million in the second and fourth quarters, respectively.
(2) | Includes loss (gain) on derivative contracts of $42.5 million, $85.3 million, $(132.6) million and $(329.2) million for the first, second, third and fourth quarters, respectively.
(3) | (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.
(4) | 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 CO 2 compression station in the second and fourth quarters of 2013, respectively.
(5) | Includes loss (gain) on 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.
(6) | Includes loss on sale of Permian Properties of $398.9 million in the first quarter of 2013.

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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 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=6372559&loc=d3e765-108305 Reference 2: 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 3: 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=35737889&loc=d3e1280-108306 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: 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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