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Quarterly Financial Results (Unaudited)
 12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Results (Unaudited)
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

____________________
(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.