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Quarterly Financial Results (Unaudited)
 12 Months Ended
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

____________________
(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 CO2 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.