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Quarterly Financial Results (Unaudited) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Results (Unaudited) | The Company’s operating results for each quarter of 2015 and 2014 are summarized below (in thousands, except per share data).
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2015 |  |  |  |  |  |  |
Total revenues | $ | 215,308 |  |  | $ | 229,607 |  |  | $ | 180,152 |  |  | $ | 143,642 |
Loss from operations(1)(2) | $ | (1,088,456 | ) |  | $ | (1,535,083 | ) |  | $ | (1,059,733 | ) |  | $ | (959,406 | )
Net loss(1)(2) | $ | (1,151,874 | ) |  | $ | (1,588,731 | ) |  | $ | (796,485 | ) |  | $ | (783,961 | )
Loss applicable to SandRidge Energy, Inc. common stockholders(1)(2) | $ | (1,045,834 | ) |  | $ | (1,375,556 | ) |  | $ | (649,526 | ) |  | $ | (664,579 | )
Loss applicable per share to SandRidge Energy, Inc. common stockholders(3) |  |  |  |  |  |  |
Basic | $ | (2.19 | ) |  | $ | (2.78 | ) |  | $ | (1.23 | ) |  | $ | (1.13 | )
Diluted | $ | (2.19 | ) |  | $ | (2.78 | ) |  | $ | (1.23 | ) |  | $ | (1.13 | )
2014 |  |  |  |  |  |  |
Total revenues | $ | 443,056 |  |  | $ | 374,714 |  |  | $ | 394,107 |  |  | $ | 346,881 |
(Loss) income from operations(4)(5) | $ | (82,330 | ) |  | $ | 42,079 |  |  | $ | 256,491 |  |  | $ | 373,984 |
Net (loss) income(4)(5) | $ | (142,406 | ) |  | $ | (17,252 | ) |  | $ | 197,499 |  |  | $ | 314,057 |
(Loss applicable) income available to SandRidge Energy, Inc. common stockholders(4)(5) | $ | (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 |
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(1) | Includes impairment of $1.1 billion, $1.5 billion, $1.1 billion and $886.8 million for the first, second, third and fourth quarters, respectively. See Note 8 for further discussion of impairment.
(2) | Includes (gain) loss on derivative contracts of $(49.8) million, $33.0 million, $(42.2) million and $(14.0) 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 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.
(5) | 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.

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: 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=51825399&loc=d3e1280-108306 + Details
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