Document_and_Entity_Informatio
Document and Entity Information Document | 9 Months Ended | |||
Sep. 30, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | Oct. 31, 2013 | |
Common Stock Units [Member] | Limited Partners Subordinated Units [Member] | General Partner Units [Member] | ||
Entity Information [Line Items] | ' | ' | ' | ' |
Entity Registrant Name | 'QEP MIDSTREAM PARTNERS, LP | ' | ' | ' |
Entity Central Index Key | '0001576044 | ' | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' | ' |
Entity Filer Category | 'Non-accelerated Filer | ' | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 26,705,000 | 26,705,000 | 1,090,000 |
Document Fiscal Year Focus | '2013 | ' | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' | ' |
Document Type | '10-Q | ' | ' | ' |
Amendment Flag | 'false | ' | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' | ' |
Consolidated_Statements_of_Inc
Consolidated Statements of Income (USD $) | 2 Months Ended | 1 Months Ended | 3 Months Ended | 7 Months Ended | 9 Months Ended | 2 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Aug. 13, 2013 | Sep. 30, 2012 | Aug. 13, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Successor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Limited Partners Common Units [Member] | Limited Partners Subordinated Units [Member] | |
Gathering and transportation | $16.20 | $19.20 | $39.40 | $92.90 | $113.40 | ' | ' |
Condensate sales | 0.2 | 0.9 | 1.4 | 7.4 | 9 | ' | ' |
Total revenues | 16.4 | 20.1 | 40.8 | 100.3 | 122.4 | ' | ' |
Gathering | 3.1 | 3.7 | 7.7 | 19.7 | 21.6 | ' | ' |
General and administrative | 1.5 | 3.2 | 4.9 | 13.6 | 12.6 | ' | ' |
Taxes other than income taxes | 0.3 | 0.4 | 0.8 | 1.3 | 2.4 | ' | ' |
Depreciation and amortization | 4.1 | 4.9 | 10.1 | 25 | 29.8 | ' | ' |
Total operating expenses | 9 | 12.2 | 23.5 | 59.6 | 66.4 | ' | ' |
Net loss from property sales | 0 | -0.1 | 0 | -0.5 | 0 | ' | ' |
Operating income | 7.4 | 7.8 | 17.3 | 40.2 | 56 | ' | ' |
Income from unconsolidated affiliates | 0 | 0.4 | 2.3 | 3.8 | 5.5 | ' | ' |
Interest expense | -0.3 | -0.5 | -1.4 | -2.6 | -5.4 | ' | ' |
Net income | 7.1 | 7.7 | 18.2 | 41.4 | 56.1 | ' | ' |
Net income attributable to noncontrolling interest | -0.6 | -0.6 | -1 | -2.5 | -2.7 | ' | ' |
Net income attributable to Predecessor | $6.50 | $7.10 | $17.20 | $38.90 | $53.40 | $3.20 | $3.20 |
Net Income (Loss), Per Outstanding Limited Partnership Unit, Basic, Net of Tax | ' | ' | ' | ' | ' | $0.12 | $0.12 |
Weighted Average Number of Shares Outstanding, Basic and Diluted | ' | ' | ' | ' | ' | 26.7 | 26.7 |
Consolidated_Balance_Sheet
Consolidated Balance Sheet (USD $) | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Dec. 31, 2012 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
In Millions, except Share data, unless otherwise specified | Successor [Member] | Predecessor [Member] | Predecessor [Member] | Limited Partners Common Units [Member] | Limited Partners Subordinated Units [Member] | General Partner Units [Member] | General Partner Units [Member] | Limited Partners Subordinated Units [Member] | Limited Partners Subordinated Units [Member] | Limited Partners Common Units [Member] | Limited Partners Common Units [Member] | Common Stock Units [Member] | Limited Partners Subordinated Units [Member] | |
Successor [Member] | Successor [Member] | |||||||||||||
Weighted Average Shares Outstanding, Basic and Diluted | ' | ' | ' | ' | ' | ' | 1.1 | 0 | 26.7 | 0 | 26.7 | 0 | ' | ' |
Cash and cash equivalents | ' | $15.90 | ' | $1.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable, net | ' | 4.9 | ' | 18.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts receivable from related party | ' | 15 | ' | 24.9 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Natural gas imbalance receivable | ' | -2.1 | ' | -2.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Natural gas imbalance liability | ' | 2.1 | ' | 2.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other current assets | ' | 0 | ' | 0.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total current assets | ' | 37.9 | ' | 46.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Property, plant and equipment, net | ' | 486.3 | ' | 634.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Investment in unconsolidated affiliates | ' | 27.5 | ' | 40.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other noncurrent assets | ' | 3.2 | ' | 3.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total assets | ' | 554.9 | ' | 725.4 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable | ' | 5.7 | ' | 6.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable to related party | ' | 4 | ' | 3.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred revenue | ' | 7.5 | ' | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued compensation | ' | 0 | ' | 1.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Other current liabilities | ' | 0.7 | ' | 1.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total current liabilities | ' | 20 | ' | 15.5 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long-term debt to related party | ' | 0 | ' | 131.1 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Asset retirement obligation | ' | 11.9 | ' | 16.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Deferred revenue | ' | 6.7 | ' | 10.2 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total long-term liabilities | ' | 18.6 | ' | 157.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Commitments and contingencies (see Note 9) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Limited Partners' Capital Account | ' | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | 408 | 59.5 |
General Partners' Capital Account | 0 | 2.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Partners' Capital | 0 | 469.8 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Parent net investment | ' | 0 | ' | 504.6 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Noncontrolling interest | ' | 46.5 | ' | 47.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net equity | ' | 516.3 | ' | 552.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total liabilities and equity | ' | $554.90 | ' | $725.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | 2 Months Ended | 7 Months Ended | 9 Months Ended |
In Millions, unless otherwise specified | Sep. 30, 2012 | Sep. 30, 2013 | Aug. 13, 2013 | Sep. 30, 2012 |
Successor [Member] | Predecessor [Member] | Predecessor [Member] | ||
Net income | $56.10 | $7.10 | $41.40 | $56.10 |
Depreciation and amortization | ' | 4.1 | 25 | 29.8 |
Unit-based compensation expense | 0 | 0.1 | ' | ' |
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ' | 0 | -3.8 | -5.5 |
Distributions from unconsolidated affiliates | ' | 0.4 | 4.9 | 6 |
Amortization of debt issuance costs | 0 | 0.1 | ' | ' |
Net loss from asset sales | ' | 0 | 0.5 | 0 |
Accounts receivable | ' | 6.4 | 17.8 | -5.8 |
Accounts payable and accrued expenses | ' | -6 | 8.9 | -3 |
Other | ' | 2 | -3.8 | 4.3 |
Net cash provided by operating activities | ' | 14.2 | 90.9 | 81.9 |
Property, plant and equipment | ' | -2.2 | -9.1 | -30.3 |
Proceeds from sale of assets | ' | 0 | 0.6 | 0.3 |
Net cash used in investing activities | ' | -2.2 | -8.5 | -30 |
Repayments of long-term debt to related party | ' | -95.5 | -66.4 | -34.4 |
Long-term debt issuance costs | 0 | -3 | ' | ' |
Net proceeds from initial public offering | 0 | 449.6 | ' | ' |
Proceeds from initial public offering distributed to parent | 0 | -351 | ' | ' |
Contributions from (distributions to) parent, net | -14.1 | 3 | -12.2 | -14.1 |
Distribution to noncontrolling interest | -5.3 | -0.2 | -4.1 | -5.3 |
Net cash used in financing activities | ' | 2.8 | -82.7 | -53.8 |
Change in cash and cash equivalents | ' | 14.8 | -0.3 | -1.9 |
Beginning cash and cash equivalents | ' | 1.1 | 1.4 | 2.5 |
Ending cash and cash equivalents | ' | 15.9 | 1.1 | 0.6 |
Change in capital expenditure accrual balance | ' | $2.50 | ($1.60) | ($1) |
Consolidated_Statement_of_Equi
Consolidated Statement of Equity - Successor Statement (USD $) | Total | General Partner Units [Member] | Noncontrolling Interest [Member] | Limited Partners Common Units [Member] | Limited Partners Subordinated Units [Member] |
In Millions, unless otherwise specified | |||||
Balance at April 19, 2013 (inception - prior to initial public offering) at Dec. 31, 2012 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Contributions from parent | ($12.20) | ' | $0 | ' | ' |
Net income for the period from August 14, 2013, through September 30, 2013 | 41.4 | ' | ' | ' | ' |
Balance at September 30, 2013 at Sep. 30, 2013 | 516.3 | ' | 46.5 | ' | ' |
Balance at April 19, 2013 (inception - prior to initial public offering) at Aug. 11, 2013 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Partners' Capital Account, Public Sale of Units Net of Offering Costs | 449.6 | 0 | 0 | 449.6 | 0 |
Balance at September 30, 2013 at Sep. 30, 2013 | 516.3 | 2.3 | 46.5 | 408 | 59.5 |
Balance at April 19, 2013 (inception - prior to initial public offering) at Aug. 14, 2013 | ' | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' | ' |
Proceeds from initial public offering distributed to parent | -351 | 0 | 0 | -117.5 | -233.6 |
Contributions from parent | 3 | 0 | 0 | 0.4 | 2.6 |
Distribution of noncontrolling interest | -0.2 | 0 | -0.2 | 0 | 0 |
Amortization of equity-based compensation | 0.1 | 0 | 0 | 0.1 | 0 |
Net income for the period from August 14, 2013, through September 30, 2013 | 7.1 | 0.1 | 0.6 | 3.2 | 3.2 |
Balance at September 30, 2013 at Sep. 30, 2013 | $516.30 | $2.30 | $46.50 | $408 | $59.50 |
Consolidated_Statement_of_Equi1
Consolidated Statement of Equity - Predecessor (USD $) | Total | Parent [Member] | Noncontrolling Interest [Member] | Predecessor [Member] |
In Millions, unless otherwise specified | ||||
Total Net Equity, Balance at Dec. 31, 2011 | $502.40 | ' | ' | ' |
Noncontrolling Internest, Balance at Dec. 31, 2011 | ' | ' | 50.6 | ' |
Parent Not Investment, Balance at Dec. 31, 2011 | ' | 451.8 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ' | 53.4 | ' | 53.4 |
Net Income (Loss) Attributable to Noncontrolling Interest | ' | ' | 2.7 | 2.7 |
Net income | 56.1 | ' | ' | 56.1 |
Contributions from (distributions to) parent, net | -14.1 | -14.1 | 0 | -14.1 |
Payments to Noncontrolling Interests | 5.3 | 0 | -5.3 | 5.3 |
Total Net Equity, Balance at Sep. 30, 2012 | 539.1 | ' | ' | ' |
Noncontrolling Internest, Balance at Sep. 30, 2012 | ' | ' | 48 | ' |
Parent Not Investment, Balance at Sep. 30, 2012 | ' | 491.1 | ' | ' |
Total Net Equity, Balance at Dec. 31, 2012 | ' | ' | ' | 552.3 |
Noncontrolling Internest, Balance at Dec. 31, 2012 | ' | ' | ' | 47.7 |
Parent Not Investment, Balance at Dec. 31, 2012 | ' | ' | ' | 504.6 |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ' | ' | ' | 38.9 |
Net Income (Loss) Attributable to Noncontrolling Interest | ' | ' | ' | 2.5 |
Net income | ' | ' | ' | 41.4 |
Contributions from (distributions to) parent, net | ' | ' | ' | -12.2 |
Payments to Noncontrolling Interests | ' | ' | ' | 4.1 |
Total Net Equity, Balance at Aug. 13, 2013 | 577.4 | ' | ' | ' |
Noncontrolling Internest, Balance at Aug. 13, 2013 | ' | ' | 46.1 | ' |
Parent Not Investment, Balance at Aug. 13, 2013 | ' | 531.3 | ' | ' |
Noncontrolling Internest, Balance at Dec. 31, 2012 | ' | ' | 47.7 | ' |
Parent Not Investment, Balance at Dec. 31, 2012 | ' | 504.6 | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ' | 38.9 | ' | ' |
Net Income (Loss) Attributable to Noncontrolling Interest | ' | ' | 2.5 | ' |
Net income | 41.4 | ' | ' | ' |
Contributions from (distributions to) parent, net | -12.2 | -12.2 | 0 | ' |
Payments to Noncontrolling Interests | 4.1 | 0 | -4.1 | ' |
Total Net Equity, Balance at Sep. 30, 2013 | ' | ' | ' | ' |
Total Net Equity, Balance at Jun. 30, 2013 | ' | ' | ' | ' |
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ' | ' | ' | ' |
Net Income (Loss) Attributable to Parent | ' | ' | ' | 7.1 |
Net Income (Loss) Attributable to Noncontrolling Interest | ' | ' | ' | 0.6 |
Net income | ' | ' | ' | 7.7 |
Total Net Equity, Balance at Aug. 13, 2013 | 577.4 | ' | ' | ' |
Noncontrolling Internest, Balance at Aug. 13, 2013 | ' | ' | 46.1 | ' |
Parent Not Investment, Balance at Aug. 13, 2013 | ' | $531.30 | ' | ' |
Description_of_Business_and_Ba
Description of Business and Basis of Presentation | 9 Months Ended |
Sep. 30, 2013 | |
Description of Business and Basis of Presentation [Abstract] | ' |
Business Description and Basis of Presentation [Text Block] | ' |
Description of Business and Basis of Presentation | |
Description of Business | |
QEP Midstream Partners, LP (the "Partnership") was formed in Delaware on April 19, 2013, to own, operate, acquire and develop midstream energy assets. The Partnership's assets consist of ownership interests in four gathering systems and two Federal Energy Regulatory Commission ("FERC") regulated pipelines through which we provide natural gas and crude oil gathering and transportation services in Colorado, North Dakota, Utah and Wyoming. | |
On August 14, 2013, the Partnership completed its initial public offering (the "Offering") of 20,000,000 common units representing limited partner interests in the Partnership. In addition, as of September 4, 2013, the underwriters had exercised their option to purchase an additional 3,000,000 common units (see "Note 3 - Initial Public Offering"). Unless the context otherwise requires, references in this report to "Predecessor," "we," "our," "us," or like terms, when used on a historical basis (period prior to August 14, 2013), refer to QEP Midstream Partners, LP Predecessor (the "Predecessor"). References in this report to "QEP Midstream" the "Partnership," "Successor," "we," "our," "us," or like terms, when used from and after August 14, 2013, in the present tense or prospectively (starting August 14, 2013), refer to QEP Midstream Partners, LP and its subsidiaries. For purposes of these financial statements, "QEP" refers to QEP Resources, Inc. and its consolidated subsidiaries, including the Partnership. | |
As part of the Offering, QEP Midstream Partners GP, LLC (the "General Partner") and QEP Field Services Company ("Field Services"), both QEP affiliates, collectively contributed to the Partnership (i) a 100% ownership interest in each of QEP Midstream Partners Operating, LLC (the "Operating Company"), QEPM Gathering I, LLC and Rendezvous Pipeline Company, L.L.C. ("Rendezvous Pipeline"), (ii) a 78% interest in Rendezvous Gas Services, L.L.C. ("Rendezvous Gas Services"), and (iii) a 50% equity interest in Three Rivers Gathering, L.L.C. ("Three Rivers Gathering"). The General Partner serves as the general partner of the Partnership and together with QEP provides services to the Partnership pursuant to an omnibus agreement between the parties. | |
The Predecessor consists of all of the Partnership's gathering assets as well as a 38% equity interest in Uintah Basin Field Services, L.L.C. ("Uintah Basin Field Services") and a 100% interest in all other gathering assets owned by QEP in the Uinta Basin (collectively referred to as the "Uinta Basin Gathering System"). The Uinta Basin Gathering System was retained by QEP and was not part of the assets conveyed to the Partnership. | |
Basis of Presentation | |
The interim consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States ("GAAP") and with the instructions for quarterly reports on Form 10-Q and Regulations S-X and S-K. All significant intercompany accounts and transactions have been eliminated in consolidation. | |
Interim consolidated financial statements are unaudited and do not include all of the information and notes required by GAAP for audited consolidated financial statements. These financial statements should be read in conjunction with the Predecessor's audited consolidated financial statements for the year ended December 31, 2012, included in our Prospectus related to the Offering dated August 8, 2013, (our "Prospectus") as filed with the Securities and Exchange Commission ("SEC"). These financial statements reflect all normal recurring adjustments that are, in the opinion of management, necessary to fairly present the results of operations and financial position. Amounts reported in the Unaudited Consolidated Statements of Income are not necessarily indicative of amounts expected for the respective annual periods. | |
The unaudited consolidated financial statements and accompanying notes prior to the Offering (August 14, 2013) relate to the Predecessor and have been prepared in accordance with GAAP on the basis of QEP's historical ownership of the Predecessor assets. The Predecessor's consolidated financial statements have been prepared from the separate records maintained by QEP and may not necessarily be indicative of the actual results of operations that might have occurred if the Predecessor had been operated separately during the periods reported. Because a direct ownership relationship did not exist among the businesses comprising the Predecessor, the net investment in the Predecessor is shown as parent net investment, in lieu of owner's equity, in the unaudited consolidated financial statements. Further, management does not believe that these financial statements are necessarily comparable to the financial statements reported by the Partnership for periods subsequent to the Offering nor reflective of other transactions that resulted in the capitalization and start-up of the Partnership. See "Item 2 Management's Discussion and Analysis of Financial Condition and Results of Operations - Factors Affecting the Comparability of Our Financial Results" within this report for a description of the significant factors affecting the comparability of the Predecessor's historical results of operations and those of the Partnership subsequent to the Offering. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
New Accounting Pronouncements and Changes in Accounting Principles [Text Block] | ' |
Summary of Significant Accounting Policies | |
Investment in Unconsolidated Affiliates | |
The Partnership and the Predecessor use the equity method to account for investment in unconsolidated affiliates. The investment in unconsolidated affiliates on the Unaudited Consolidated Balance Sheets equals our proportionate share of equity reported by the unconsolidated affiliates. The investment is assessed for possible impairment when events indicate that the fair value of the investment may be below the carrying value. When such a condition is deemed to be other than temporary, the carrying value of the investment is written down to its fair value, and the amount of the write-down is included in the determination of net income. | |
The unconsolidated affiliate of the Partnership and the ownership percentage as of September 30, 2013, was Three Rivers Gathering (50%). The unconsolidated affiliates of the Predecessor and the ownership percentages as of August 13, 2013, and December 31, 2012, were Uintah Basin Field Services (38%) and Three Rivers Gathering (50%), both of which are engaged in the gathering, transportation and compression of natural gas. | |
Noncontrolling Interests | |
The Partnership and the Predecessor have a 78% interest in Rendezvous Gas Services, a joint venture with Western Gas Partners, LP ("Western Gas"), which owns a gas gathering system located in Wyoming. Rendezvous Gas Services is consolidated under the voting interest model and Western Gas' non-controlling interest is presented on the Unaudited Consolidated Statements of Income and Unaudited Consolidated Balance Sheets accordingly. | |
Use of Estimates | |
The preparation of the consolidated financial statements and notes in conformity with GAAP requires that management formulate estimates and assumptions that affect revenues, expenses, assets, liabilities and the disclosure of contingent assets and liabilities. Items subject to estimates and assumptions include the carrying amount of property, plant and equipment, valuation allowances for receivables, valuation of accrued liabilities, accrued revenue and related receivables and obligations related to employee benefits, among others. Although management believes these estimates are reasonable, actual results could differ from these estimates. | |
Recent Accounting Developments | |
In December of 2011, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2011-11, Disclosures about Offsetting Assets and Liabilities, which enhances disclosure requirements regarding an entity's financial instruments and derivative instruments that are offset or subject to a master netting arrangement. This information about offsetting and related netting arrangements will enable users of financial statements to understand the effect of those arrangements on the entity's financial position, including the effect of rights of setoff. The amendments were required for annual reporting periods beginning after January 1, 2013, and interim periods within those annual periods. The adoption of this ASU did not have a material effect on our disclosure requirements. |
Initial_Public_Offering
Initial Public Offering | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Initial Public Offering [Abstract] | ' | ||||||
Initial Public Offering [Text Block] | ' | ||||||
Note 3 - Initial Public Offering | |||||||
On August 14, 2013, the Partnership completed the Offering of 20,000,000 common units, representing limited partner interests in the Partnership, at a price to the public of $21.00 per common unit. The Partnership received net proceeds of $390.7 million from the sale of the common units, after deducting underwriting discounts and commissions, structuring fees and offering expenses of approximately $29.3 million. Following the Offering, the underwriters exercised their over-allotment option to purchase an additional 3,000,000 common units, at a price of $21.00 per common unit, providing additional net proceeds of $58.9 million, after deducting $4.1 million of underwriters' discounts and commissions and structuring fees, to the Partnership. | |||||||
The Partnership used the net proceeds to repay its outstanding debt balance with QEP, which was assumed with the assets contributed to the Partnership, pay revolving credit facility origination fees and make a cash distribution to QEP, a portion of which was used to reimburse QEP for certain capital expenditures it incurred with respect to assets contributed to the Partnership. | |||||||
The following is a reconciliation of proceeds from the Offering (in millions): | |||||||
Total proceeds from the Offering | $ | 483 | |||||
Offering costs | (33.4 | ) | |||||
Net proceeds from the Offering | 449.6 | ||||||
Revolving credit facility origination fees | (3.0 | ) | |||||
Repayment of outstanding debt with QEP | (95.5 | ) | |||||
Net proceeds distributed to QEP from the Offering | $ | 351.1 | |||||
As of September 30, 2013, the Partnership's ownership consisted of the following: | |||||||
Units | % Ownership | ||||||
Limited partner common units - QEP | 3,701,750 | 6.8 | % | ||||
Limited partner common units - public | 23,003,250 | 42.2 | % | ||||
Limited partner subordinated units - QEP | 26,705,000 | 49 | % | ||||
General partner units | 1,090,000 | 2 | % | ||||
Total QEP Midstream units | 54,500,000 | ||||||
Contribution, Conveyance and Assumption Agreement and Concurrent Transactions | |||||||
On August 14, 2013, in connection with the closing of the Offering, the Partnership entered into a Contribution, Conveyance and Assumption Agreement (the "Contribution Agreement") with Field Services, the General Partner and the Operating Company. Immediately prior to the closing of the Offering, the following transactions, among others, occurred pursuant to the Contribution Agreement: | |||||||
• | Field Services contributed to the General Partner, as a capital contribution, a limited liability company interest in the Operating Company with a value equal to 2% of the equity value of the Partnership at the closing of the Offering; | ||||||
• | the General Partner contributed to the Partnership, as a capital contribution, the limited liability company interest in the Operating Company in exchange for (a) 1,090,000 general partner units representing the continuation of an aggregate 2% general partner interest in the Partnership and (b) all the incentive distribution rights of the Partnership; | ||||||
• | Field Services contributed to the Partnership, as a capital contribution, its remaining limited liability company interests in the Operating Company in exchange for (a) 6,701,750 common units representing a 12.3% limited partner interest in the Partnership, (b) 26,705,000 subordinated units representing a 49% limited partner interest in the Partnership and (c) the right to receive a distribution from the Partnership; and | ||||||
• | the public, through the underwriters, contributed $420.0 million in cash (or $390.7 million, net of the underwriters' discounts and commissions, structuring fees and offering expenses of approximately $29.3 million) to the Partnership in exchange for the issuance of 20,000,000 common units. | ||||||
Subsequent to the Offering, the underwriters exercised their over-allotment option to purchase an additional 3,000,000 common units in the Partnership, which reduced Field Services' common unit interest in the Partnership from 12.3% to 6.8%. | |||||||
The contribution of Field Services' and the General Partner's limited liability company interest in the Operating Company to the Partnership was valued using the carryover book value of the Operating Company, as the transaction is a transfer of assets between entities under common control, as follows (in millions): | |||||||
Cash and cash equivalents | $ | 1.1 | |||||
Accounts receivable, net | 26.4 | ||||||
Property, plant and equipment, net | 485.6 | ||||||
Investment in unconsolidated affiliate | 27.9 | ||||||
Account payable and accrued expenses | (21.1 | ) | |||||
Long-term debt to related party | (95.5 | ) | |||||
Asset Retirement Obligation | (11.8 | ) | |||||
Other liabilities | (4.8 | ) | |||||
Net assets | $ | 407.8 | |||||
First Amended and Restated Agreement of Limited Partnership of QEP Midstream Partners, LP | |||||||
On August 14, 2013, in connection with the closing of the Offering, the Agreement of Limited Partnership was amended and restated by the First Amended and Restated Agreement of Limited Partnership of QEP Midstream Partners, LP (as amended and restated, the "Partnership Agreement"). A description of the Partnership Agreement is contained in our Prospectus in the section entitled "Our Partnership Agreement." |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||||
Related Party Transactions Disclosure [Text Block] | ' | ||||||||||||||||
Related Party Transactions | |||||||||||||||||
The Partnership | |||||||||||||||||
The Partnership provides natural gas gathering, compression, treating and transportation services to QEP that result in affiliate transactions. Following the Offering, in addition to the agreements discussed in "Note 3 - Initial Public Offering", the Partnership entered into the following agreements with QEP. | |||||||||||||||||
Omnibus Agreement | |||||||||||||||||
On August 14, 2013, in connection with the closing of the Offering, the Partnership entered into an Omnibus Agreement (the "Omnibus Agreement") with Field Services, the General Partner, the Operating Company and QEP, which addresses the following matters: | |||||||||||||||||
• | the Partnership's payment of an annual amount to QEP, initially in the amount of $13.8 million, for the provision of certain general and administrative services by QEP to the Partnership, including a fixed annual fee of approximately $1.4 million for executive management services provided by certain officers of the General Partner, who are also executives of QEP. The remaining portion of this annual amount reflects an estimate of the costs QEP will incur in providing the services; | ||||||||||||||||
• | the Partnership's obligation to reimburse QEP for any out-of-pocket costs and expenses incurred by QEP in providing general and administrative services (which reimbursement is in addition to certain expenses of the General Partner and its affiliates that are reimbursed under the Partnership's partnership agreement), as well as any other out-of-pocket expenses incurred by QEP on the Partnership's behalf; and | ||||||||||||||||
• | an indemnity by QEP for certain environmental and other liabilities, and the Partnership's obligation to indemnify QEP and its subsidiaries for events and conditions associated with the operation of the Partnership's assets that occur after the closing of the Offering. | ||||||||||||||||
As long as QEP controls the General Partner, the Omnibus Agreement will remain in full force and effect. If QEP ceases to control the General Partner, either party may terminate the Omnibus Agreement, but the indemnification obligations will remain in full force and effect in accordance with their terms. | |||||||||||||||||
For the period from August 14, 2013, through September 30, 2013, the Partnership was charged $1.2 million under the Omnibus Agreement by QEP. | |||||||||||||||||
Service Agreements | |||||||||||||||||
At the closing of the Offering, the Partnership entered into various midstream agreements with QEP including, but not limited to, natural gas, crude oil, water and condensate gathering and transportation agreements, a fixed price condensate purchase agreement, operating agreements and other service agreements. The Partnership believes that the terms and conditions under these agreements are generally no less favorable to either party than those that could have been negotiated with unaffiliated parties with respect to similar services in the ordinary course of its business. For the period from August 14, 2013, through September 30, 2013, the Partnership generated approximately 63% of its total revenues under agreements with QEP. | |||||||||||||||||
The Predecessor | |||||||||||||||||
Prior to the Offering, the Predecessor had the following agreements in place with QEP resulting in affiliate transactions. | |||||||||||||||||
Centralized Cash Management | |||||||||||||||||
QEP operated a cash management system whereby excess cash from its various subsidiaries, held in separate bank accounts, was consolidated into a centralized account. Sales and purchases related to third-party transactions were settled in cash but were received or paid by QEP within the centralized cash management system. | |||||||||||||||||
Affiliated Debt | |||||||||||||||||
The Predecessor's long-term debt consisted of an allocation from Field Services of its total long-term debt related to Field Services' debt agreements with QEP. During the first quarter of 2012, Field Services had a $250.0 million revolving debt agreement (the "2011 Agreement") with QEP for its working capital requirements, in which Field Services was charged a variable interest rate. Interest during the first quarter of 2012 was allocated to the Predecessor based on an interest rate equal to QEP's average borrowing rate, which was 5.2% in the first quarter of 2012. In April 2012, Field Services entered into new debt agreements with QEP replacing the 2011 Agreement with a $250.0 million promissory note, which matured at the end of the first quarter of 2013 with a fixed interest rate of 6.05%. The promissory note was renewed on April 1, 2013, with a maturity date of April 1, 2014. In addition, Field Services entered into a $1.0 billion "revolving credit" type promissory note with QEP, which matures on April 1, 2017, to assist with funding of capital expenditures. Accordingly, all amounts have been classified as "Long-term debt to related party" in our Unaudited Consolidated Balance Sheets. Both agreements require Field Services to pay QEP interest during the last nine months of 2013 at a 6.0% fixed rate. Interest allocated to the Predecessor under these notes in the first quarter of 2013 was based on the fixed-rate due to QEP. Field Services was in compliance with its covenants under the agreements for all periods prior to the Offering, and there are no letters of credit outstanding. At December 31, 2012, allocated debt for the Predecessor was $131.1 million. In connection with the Offering, $95.5 million of affiliated debt was assumed by the Partnership and was repaid in full on August 14, 2013, with proceeds of the Offering extinguishing all affiliated debt of the Partnership. | |||||||||||||||||
Allocation of Costs | |||||||||||||||||
The employees supporting the Predecessor's operations were employees of QEP. General and administrative expenses allocated to the Predecessor were $3.2 million for the period from July 1, 2013, through August 13, 2013, and $13.6 million for the period from January 1, 2013, through August 13, 2013, and $4.9 million and $12.6 million for the three and nine months ended September 30, 2012, respectively. The consolidated financial statements of the Predecessor include direct charges for operations of our assets and costs allocated by QEP. These costs were reimbursed and related to: (i) various business services, including, but not limited to, payroll, accounts payable and facilities management, (ii) various corporate services, including, but not limited to, legal, accounting, treasury, information technology and human resources and (iii) compensation, share-based compensation, benefits and pension and post-retirement costs. These expenses were charged or allocated to the Predecessor based on the nature of the expenses and its proportionate share of QEP's gross property, plant and equipment, operating income and direct labor costs. Management believes these allocation methodologies were reasonable. | |||||||||||||||||
The following table summarizes the related party income statement transactions of the Predecessor with QEP: | |||||||||||||||||
Period From July 1, 2013, through August 13, 2013 | Three Months Ended September 30, 2012 | Period From January 1, 2013, through August 13, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||
(in millions) | (in millions) | ||||||||||||||||
Revenues from affiliate | $ | 12.1 | $ | 18.6 | $ | 53.4 | $ | 56.2 | |||||||||
Interest expense to affiliate | (0.5 | ) | (1.4 | ) | (2.6 | ) | (5.4 | ) |
Property_Plant_and_Equipment
Property, Plant and Equipment | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Property, Plant and Equipment [Line Items] | ' | ||||||||||
Property, Plant and Equipment Disclosure [Text Block] | ' | ||||||||||
Property, Plant and Equipment | |||||||||||
A summary of the historical cost of the Partnership's and the Predecessor's property, plant and equipment is as follows: | |||||||||||
Estimated Useful | 30-Sep-13 | 31-Dec-12 | |||||||||
Lives | |||||||||||
Successor | Predecessor | ||||||||||
(in millions) | |||||||||||
Gathering equipment | 5 to 40 years | $ | 723.3 | $ | 907.7 | ||||||
General support equipment | 3 to 30 years | — | 11.1 | ||||||||
Total property, plant and equipment | 723.3 | 918.8 | |||||||||
Accumulated depreciation | (237.0 | ) | (284.7 | ) | |||||||
Total net property, plant and equipment | $ | 486.3 | $ | 634.1 | |||||||
Asset_Retirement_Obligiations
Asset Retirement Obligiations | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Asset Retirement Obligation [Abstract] | ' | |||
Asset Retirement Obligation Disclosure [Text Block] | ' | |||
Asset Retirement Obligations | ||||
The Partnership records asset retirement obligations ("ARO") when there are legal obligations associated with the retirement of tangible long-lived assets. The fair values of such costs are estimated by our personnel based on abandonment costs of similar assets and depreciated over the life of the related assets. Revisions to the ARO liability may occur due, among other things, to changes in estimated abandonment costs and estimated settlement timing. The ARO liability is adjusted to present value each period through an accretion calculation using our credit-adjusted, risk-free interest rate. | ||||
The following is a reconciliation of the changes in the ARO liability for the periods specified below (in millions): | ||||
2013 | ||||
Asset Retirement | ||||
Obligations | ||||
Predecessor | ||||
ARO liability at January 1, | $ | 16.3 | ||
Accretion | 0.7 | |||
ARO liability at August 13, | $ | 17 | ||
Successor | ||||
ARO liability at August 14, | $ | 11.8 | ||
Accretion | $ | 0.1 | ||
ARO liability at September 30, | $ | 11.9 | ||
Debt
Debt | 9 Months Ended | |
Sep. 30, 2013 | ||
Debt Disclosure Text Block [Abstract] | ' | |
Debt Disclosure [Text Block] | ' | |
Note 7 - Debt | ||
On August 14, 2013, in connection with the closing of the Offering, we entered into a $500.0 million senior secured revolving credit facility (the "Credit Facility") with a group of financial institutions. The Credit Facility matures on August 14, 2018 and contains an accordion provision that would allow for the amount of the facility to be increased to $750.0 million with the agreement of the lenders. The Credit Facility is available for working capital, capital expenditures, permitted acquisitions and general corporate purposes, including distributions. Substantially all of the Partnership's assets, excluding equity in and assets of certain joint ventures and unrestricted subsidiaries, are pledged as collateral under the Credit Facility. In addition, the Credit Facility contains restrictions and events of default customary for agreements of this nature. | ||
Loans under the Credit Facility will bear interest at the Partnership's option at a variable rate per annum equal to either: | ||
• | a base rate, which will be the highest of (i) the administrative agent's prime rate in effect on such day, (ii) the federal funds rate in effect on such day plus 0.50%, and (iii) one-month LIBOR plus 1.0%, in each case, plus an applicable margin ranging from 0.75% to 1.50% based on the Partnership's consolidated leverage ratio; or | |
• | LIBOR plus an applicable margin ranging from 1.75% to 2.50% based on the Partnership's consolidated leverage ratio. | |
As of September 30, 2013, there was no debt outstanding under the Credit Facility, and the Partnership was in compliance with the covenants under the credit agreement. All debt outstanding prior to and at the Offering relates to intercompany debt with QEP discussed in "Note 4 - Related Party Transactions". The net proceeds from the Offering were used to pay off the $95.5 million of debt assumed by the Partnership in connection with the Offering. |
Unit_Compensation_Notes
Unit Compensation (Notes) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Phantom Unit Award Activity [Abstract] | ' | |||||||
Unit Compensation [Text Block] | ' | |||||||
Note 8 - Unit-Based Compensation | ||||||||
In connection with the Offering, the board of directors of the General Partner (the "Board") adopted the QEP Midstream Partners, LP 2013 Long-Term Incentive Plan (the "LTIP") for officers, directors and employees of the General Partner and its affiliates, and any consultants, affiliates of the General Partner or other individuals who perform services for the Partnership. The Partnership reserved 5,341,000 common units for issuance pursuant to and in accordance with the LTIP. | ||||||||
The LTIP provides for the grant, from time to time at the discretion of the Board, of unit awards, restricted units, phantom units, unit options, unit appreciation rights, distribution equivalent rights, profits interest units and other unit-based awards. The LTIP limits the number of common units that may be delivered pursuant to awards under the LTIP to 5,341,000 common units. Common units cancelled or forfeited will be available for delivery pursuant to other awards. The LTIP is administered by the Board or a designated committee thereof. | ||||||||
Common Units | ||||||||
On August 14, 2013, the Board granted 3,250 common units to the independent director of the Board at $21.00 per unit, which vested immediately. The fair value of common unit awards granted to non-employee directors is based on the fair market value of the Partnership's common units on the date of the grant, and the equity-based compensation expense is recognized at the time of grant, since the common unit awards vest immediately and are non-forfeitable. | ||||||||
Phantom Units | ||||||||
On August 14, 2013, the Board granted 39,500 phantom units with dividend equivalent rights to employees of the General Partner, including executive officers, that vest in equal installments over a three-year period from the grant date. The fair value of phantom unit awards granted to employees is based on the fair market value of the Partnership's common units on the date of the grant, and the equity-based compensation expense is recognized over the vesting period of three years. | ||||||||
The following is a summary of the Partnership's phantom unit award activity for the period ended September 30, 2013: | ||||||||
Phantom Units Outstanding | Weighted-Average Grant-Date Fair Value | |||||||
Unvested balance at beginning of the period | — | $ | — | |||||
Granted | 39,500 | 21 | ||||||
Vested | — | — | ||||||
Forfeited | — | — | ||||||
Unvested balance at September 30, 2013 | 39,500 | $ | 21 | |||||
Total compensation expense recognized for the common unit and phantom unit awards since the Offering was $0.1 million, and the total amount of unrecognized compensation cost related to the phantom unit award was $0.8 million as of September 30, 2013, which is expected to be recognized over the remaining vesting period of 2.9 years. |
Commitments_and_Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2013 | |
Commitments and Contingencies [Abstract] | ' |
Commitments and Contingencies Disclosure [Text Block] | ' |
Commitments and Contingencies | |
We are involved in various commercial and regulatory claims, litigation and other legal proceedings that arise in the ordinary course of our business. We assess these claims in an effort to determine the degree of probability and range of possible loss for potential accrual in our consolidated financial statements. In accordance with ASC 450, Contingencies, an accrual is recorded for a loss contingency when its occurrence is probable and damages can be reasonably estimated based on the anticipated most likely outcome or the minimum amount within a range of possible outcomes. Because legal proceedings are inherently unpredictable and unfavorable resolutions could occur, assessing contingencies is highly subjective and requires judgments about uncertain future events. When evaluating contingencies, we may be unable to provide a meaningful estimate due to a number of factors, including the procedural status of the matter in question, the presence of complex or novel legal theories, and/or the ongoing discovery and development of information important to the matter. The Partnership's litigation loss contingencies are discussed below. We are unable to estimate reasonably possible losses in excess of recorded accruals for these contingencies for the reasons set forth above. We believe, however, that the resolution of pending proceedings will not have a material effect on our financial position, results of operations or cash flows. | |
Litigation | |
At the closing of the Offering, the assets and agreement subject to the ongoing litigation between Questar Gas Company ("QGC") and Field Services, styled Questar Gas Company v. QEP Field Services Company, Civil No. 120902969, Third Judicial District Court, State of Utah, were assigned to the Partnership. Field Services' former affiliate, QGC, filed this complaint in state court in Utah on May 1, 2012, asserting claims for (i) breach of contract, (ii) breach of implied covenant of good faith and fair dealing, (iii) an accounting and (iv) declaratory judgment related to a 1993 gathering agreement and a 1998 amendment (the "1993 Agreement") executed when the parties were affiliates. Under the 1993 Agreement, certain of our systems provide gathering services to QGC charging an annual gathering rate which is based on cost of service. QGC is disputing the calculation of the gathering rate. The annual gathering rate has been calculated in the same manner under the 1993 Agreement since it was amended in 1998, without any prior objection or challenge by QGC. QGC was netting the disputed amount from its monthly payment of the gathering fees to Field Services and has continued to net such amount from its monthly payment to the Partnership. As of September 30, 2013, the Partnership has deferred revenue of $7.0 million related to the QGC disputed amount. Specific monetary damages are not asserted. Field Services has filed counterclaims seeking damages and a declaratory judgment relating to its gathering services under the 1993 Agreement. QGC may seek to amend its complaint to add the Partnership as a defendant in the litigation. The Partnership has been indemnified by QEP for costs, expenses and other losses incurred by the Partnership in connection with the QGC dispute, subject to certain limitations, as set forth in the Omnibus Agreement (defined below in "Note 4 - Related Party Transactions"). |
Net_Income_Per_Limited_Partner
Net Income Per Limited Partner Unit (Notes) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Net Income Per Limited Partner Unit [Abstract] | ' | ||||||||||||||||
Earnings Per Share [Text Block] | ' | ||||||||||||||||
Note 10 - Net Income Per Limited Partner Unit | |||||||||||||||||
Net income per unit is applicable to the Partnership's limited partner common and subordinated units. Net income per unit is calculated following the two-class method as the Partnership has more than one class of participating securities including common units, subordinated units, general partner units, certain equity-based compensation awards and incentive distribution rights. Net income per unit is calculated by dividing the limited partners' interest in net income attributable to the Partnership, after deducting any General Partner incentive distributions, by the weighted-average number of outstanding common and subordinated units outstanding. | |||||||||||||||||
Net income per unit is only calculated for the period subsequent to the Offering as no units were outstanding prior to August 14, 2013. As of September 30, 2013, the basic net income per unit and the diluted net income per unit were equal as there were no potentially dilutive units outstanding. | |||||||||||||||||
The following tables set forth distributions in excess of net income attributable to QEP Midstream and the calculation of net income per unit for the period from August 14, 2013, through September 30, 2013 (in millions, except per unit amounts). | |||||||||||||||||
Net income attributable to QEP Midstream | $ | 6.5 | |||||||||||||||
General partner's distribution declared(1) | (0.1 | ) | |||||||||||||||
Limited partners' distribution declared on common units(1) | (3.5 | ) | |||||||||||||||
Limited partners' distribution declared on subordinated units(1) | (3.5 | ) | |||||||||||||||
Distribution in excess of net income attributable to QEP Midstream | $ | (0.6 | ) | ||||||||||||||
(1) On October 23, 2013, the Partnership declared its first quarterly cash distribution totaling $7.1 million, or $0.13 per unit for the third quarter of 2013 (see "Note 11 - Subsequent Events"). During the period from August 14, 2013, through September 30, 2013, no net income was attributable to incentive distribution rights. | |||||||||||||||||
General Partner | Limited Partners' Common Units | Limited Partners' Subordinated Units | Total | ||||||||||||||
(in million, except per unit amounts) | |||||||||||||||||
Net income attributable to QEP Midstream: | |||||||||||||||||
Distribution declared | $ | 0.1 | $ | 3.5 | $ | 3.5 | $ | 7.1 | |||||||||
Distributions in excess of net income attributable to QEP Midstream | — | (0.3 | ) | (0.3 | ) | (0.6 | ) | ||||||||||
Net income attributable to QEP Midstream | $ | 0.1 | $ | 3.2 | $ | 3.2 | $ | 6.5 | |||||||||
Weighted-average limited partner units outstanding: | |||||||||||||||||
Basic and Diluted | 1.1 | 26.7 | 26.7 | 54.5 | |||||||||||||
Net income per limited partner unit attributable to the QEP Midstream | |||||||||||||||||
Basic and Diluted | $ | 0.12 | $ | 0.12 | |||||||||||||
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events [Abstract] | ' |
Subsequent Events [Text Block] | ' |
Subsequent Events | |
On October 23, 2013, the Partnership declared its first quarterly cash distribution totaling $7.1 million, or $0.13 per unit for the third quarter of 2013. The distribution was calculated based on the Partnership's minimum quarterly distribution of $0.25 per unit, prorated for the period from the date of the Offering, August 14, 2013, to the end of the quarter, September 30, 2013. This distribution will be paid on November 14, 2013, to unitholders of record on the close of business on November 4, 2013. No distributions related to the General Partner's incentive distribution rights were declared. |
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 9 Months Ended |
Sep. 30, 2013 | |
Summary of Significant Accounting Policies [Abstract] | ' |
Significant Accounting Policies [Text Block] | ' |
Investment in Unconsolidated Affiliates | |
The Partnership and the Predecessor use the equity method to account for investment in unconsolidated affiliates. The investment in unconsolidated affiliates on the Unaudited Consolidated Balance Sheets equals our proportionate share of equity reported by the unconsolidated affiliates. The investment is assessed for possible impairment when events indicate that the fair value of the investment may be below the carrying value. When such a condition is deemed to be other than temporary, the carrying value of the investment is written down to its fair value, and the amount of the write-down is included in the determination of net income. | |
The unconsolidated affiliate of the Partnership and the ownership percentage as of September 30, 2013, was Three Rivers Gathering (50%). The unconsolidated affiliates of the Predecessor and the ownership percentages as of August 13, 2013, and December 31, 2012, were Uintah Basin Field Services (38%) and Three Rivers Gathering (50%), both of which are engaged in the gathering, transportation and compression of natural gas. | |
Noncontrolling Interests | |
The Partnership and the Predecessor have a 78% interest in Rendezvous Gas Services, a joint venture with Western Gas Partners, LP ("Western Gas"), which owns a gas gathering system located in Wyoming. Rendezvous Gas Services is consolidated under the voting interest model and Western Gas' non-controlling interest is presented on the Unaudited Consolidated Statements of Income and Unaudited Consolidated Balance Sheets accordingly. | |
Use of Estimates | |
The preparation of the consolidated financial statements and notes in conformity with GAAP requires that management formulate estimates and assumptions that affect revenues, expenses, assets, liabilities and the disclosure of contingent assets and liabilities. Items subject to estimates and assumptions include the carrying amount of property, plant and equipment, valuation allowances for receivables, valuation of accrued liabilities, accrued revenue and related receivables and obligations related to employee benefits, among others. Although management believes these estimates are reasonable, actual results could differ from these estimates. | |
Recent Accounting Developments | |
In December of 2011, the Financial Accounting Standards Board issued Accounting Standards Update ("ASU") 2011-11, Disclosures about Offsetting Assets and Liabilities, which enhances disclosure requirements regarding an entity's financial instruments and derivative instruments that are offset or subject to a master netting arrangement. This information about offsetting and related netting arrangements will enable users of financial statements to understand the effect of those arrangements on the entity's financial position, including the effect of rights of setoff. The amendments were required for annual reporting periods beginning after January 1, 2013, and interim periods within those annual periods. The adoption of this ASU did not have a material effect on our disclosure requirements. |
Initial_Public_Offering_Tables
Initial Public Offering (Tables) | 9 Months Ended | ||||||
Sep. 30, 2013 | |||||||
Reconciliation of proceeds from Offering [Abstract] | ' | ||||||
Net Assets Contributed [Table Text Block] | ' | ||||||
Cash and cash equivalents | $ | 1.1 | |||||
Accounts receivable, net | 26.4 | ||||||
Property, plant and equipment, net | 485.6 | ||||||
Investment in unconsolidated affiliate | 27.9 | ||||||
Account payable and accrued expenses | (21.1 | ) | |||||
Long-term debt to related party | (95.5 | ) | |||||
Asset Retirement Obligation | (11.8 | ) | |||||
Other liabilities | (4.8 | ) | |||||
Net assets | $ | 407.8 | |||||
Reconciliation of Proceeds from Offering [Table Text Block] | ' | ||||||
Total proceeds from the Offering | $ | 483 | |||||
Offering costs | (33.4 | ) | |||||
Net proceeds from the Offering | 449.6 | ||||||
Revolving credit facility origination fees | (3.0 | ) | |||||
Repayment of outstanding debt with QEP | (95.5 | ) | |||||
Net proceeds distributed to QEP from the Offering | $ | 351.1 | |||||
Schedule of Other Ownership Interests [Table Text Block] | ' | ||||||
Units | % Ownership | ||||||
Limited partner common units - QEP | 3,701,750 | 6.8 | % | ||||
Limited partner common units - public | 23,003,250 | 42.2 | % | ||||
Limited partner subordinated units - QEP | 26,705,000 | 49 | % | ||||
General partner units | 1,090,000 | 2 | % | ||||
Total QEP Midstream units | 54,500,000 | ||||||
Related_Party_Transactions_Tab
Related Party Transactions (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Related Party Transaction [Line Items] | ' | ||||||||||||||||
Schedule of Related Party Transactions [Table Text Block] | ' | ||||||||||||||||
Period From July 1, 2013, through August 13, 2013 | Three Months Ended September 30, 2012 | Period From January 1, 2013, through August 13, 2013 | Nine Months Ended September 30, 2012 | ||||||||||||||
(in millions) | (in millions) | ||||||||||||||||
Revenues from affiliate | $ | 12.1 | $ | 18.6 | $ | 53.4 | $ | 56.2 | |||||||||
Interest expense to affiliate | (0.5 | ) | (1.4 | ) | (2.6 | ) | (5.4 | ) |
Property_Plant_and_Equipment_T
Property, Plant and Equipment (Tables) | 9 Months Ended | ||||||||||
Sep. 30, 2013 | |||||||||||
Property, Plant and Equipment [Line Items] | ' | ||||||||||
Property, Plant and Equipment [Table Text Block] | ' | ||||||||||
A summary of the historical cost of the Partnership's and the Predecessor's property, plant and equipment is as follows: | |||||||||||
Estimated Useful | 30-Sep-13 | 31-Dec-12 | |||||||||
Lives | |||||||||||
Successor | Predecessor | ||||||||||
(in millions) | |||||||||||
Gathering equipment | 5 to 40 years | $ | 723.3 | $ | 907.7 | ||||||
General support equipment | 3 to 30 years | — | 11.1 | ||||||||
Total property, plant and equipment | 723.3 | 918.8 | |||||||||
Accumulated depreciation | (237.0 | ) | (284.7 | ) | |||||||
Total net property, plant and equipment | $ | 486.3 | $ | 634.1 | |||||||
Asset_Retirement_Obligiations_
Asset Retirement Obligiations (Tables) | 9 Months Ended | |||
Sep. 30, 2013 | ||||
Asset Retirement Obligation [Abstract] | ' | |||
Schedule of Change in Asset Retirement Obligation [Table Text Block] | ' | |||
The following is a reconciliation of the changes in the ARO liability for the periods specified below (in millions): | ||||
2013 | ||||
Asset Retirement | ||||
Obligations | ||||
Predecessor | ||||
ARO liability at January 1, | $ | 16.3 | ||
Accretion | 0.7 | |||
ARO liability at August 13, | $ | 17 | ||
Successor | ||||
ARO liability at August 14, | $ | 11.8 | ||
Accretion | $ | 0.1 | ||
ARO liability at September 30, | $ | 11.9 | ||
Unit_Compensation_Tables
Unit Compensation (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Phantom Unit Award Activity [Abstract] | ' | |||||||
Phantom Unit Award Activity [Table Text Block] | ' | |||||||
Phantom Units Outstanding | Weighted-Average Grant-Date Fair Value | |||||||
Unvested balance at beginning of the period | — | $ | — | |||||
Granted | 39,500 | 21 | ||||||
Vested | — | — | ||||||
Forfeited | — | — | ||||||
Unvested balance at September 30, 2013 | 39,500 | $ | 21 | |||||
Net_Income_Per_Limited_Partner1
Net Income Per Limited Partner Unit (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Net Income Per Limited Partner Unit [Abstract] | ' | ||||||||||||||||
Distributions Made to Limited Partner, by Distribution [Table Text Block] | ' | ||||||||||||||||
Net income attributable to QEP Midstream | $ | 6.5 | |||||||||||||||
General partner's distribution declared(1) | (0.1 | ) | |||||||||||||||
Limited partners' distribution declared on common units(1) | (3.5 | ) | |||||||||||||||
Limited partners' distribution declared on subordinated units(1) | (3.5 | ) | |||||||||||||||
Distribution in excess of net income attributable to QEP Midstream | $ | (0.6 | ) | ||||||||||||||
General Partner | Limited Partners' Common Units | Limited Partners' Subordinated Units | Total | ||||||||||||||
(in million, except per unit amounts) | |||||||||||||||||
Net income attributable to QEP Midstream: | |||||||||||||||||
Distribution declared | $ | 0.1 | $ | 3.5 | $ | 3.5 | $ | 7.1 | |||||||||
Distributions in excess of net income attributable to QEP Midstream | — | (0.3 | ) | (0.3 | ) | (0.6 | ) | ||||||||||
Net income attributable to QEP Midstream | $ | 0.1 | $ | 3.2 | $ | 3.2 | $ | 6.5 | |||||||||
Weighted-average limited partner units outstanding: | |||||||||||||||||
Basic and Diluted | 1.1 | 26.7 | 26.7 | 54.5 | |||||||||||||
Net income per limited partner unit attributable to the QEP Midstream | |||||||||||||||||
Basic and Diluted | $ | 0.12 | $ | 0.12 | |||||||||||||
Description_of_Business_and_Ba1
Description of Business and Basis of Presentation (Details) | 0 Months Ended | |
Aug. 14, 2013 | Sep. 30, 2013 | |
Limited Partners' Capital Account [Line Items] | ' | ' |
Partner's Capital Account, Common Units, Sold to Underwriters | 3,000,000 | ' |
Three Rivers Ownership Percentage | ' | 50.00% |
Equity Method Investment, Ownership Percentage | ' | 38.00% |
Uinta Basin Gathering Ownership Percentage | ' | 100.00% |
Partners' Capital Account, Units, Sold in Public Offering | 20,000,000 | ' |
Majority Shareholder [Member] | ' | ' |
Limited Partners' Capital Account [Line Items] | ' | ' |
QEP Midstream Partners, LLC Ownership Percentage | ' | 100.00% |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Details) | Sep. 30, 2013 |
Other Ownership Interests [Line Items] | ' |
Three Rivers Ownership Percentage | 50.00% |
Uintah Basin Field Services Ownership Percentage | 38.00% |
Majority Shareholder [Member] | ' |
Other Ownership Interests [Line Items] | ' |
Rendevous Gas Services Ownership Percentage | 78.00% |
Initial_Public_Offering_Detail
Initial Public Offering (Details) (USD $) | 0 Months Ended | 2 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Aug. 14, 2013 | Sep. 30, 2013 | Aug. 13, 2013 | Dec. 31, 2012 |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Cash and Cash Equivalents, at Carrying Value | $1.10 | ' | ' | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 2.00% | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 0 | 39,500 | ' | ' |
General Partners' Capital Account, Units Outstanding | ' | 1,090,000 | ' | ' |
Partners' Capital Account, Units | ' | 54,500,000 | ' | ' |
Partners' Capital Account, Units, Sold in Public Offering | 20,000,000 | ' | ' | ' |
Proceeds from Issuance Initial Public Offering | 420 | ' | ' | ' |
Offering costs | -33.4 | ' | ' | ' |
Offering costs | 29.3 | ' | ' | ' |
Partner's Capital Account, Common Units, Sold to Underwriters | 3,000,000 | ' | ' | ' |
Net proceeds from the Offering | 449.6 | 449.6 | ' | ' |
Revolving credit facility origination fees | -3 | ' | ' | ' |
Repayment of outstanding debt with QEP | -95.5 | -95.5 | ' | ' |
Net proceeds distributed to QEP from the Offering | 351.1 | ' | ' | ' |
Partners Capital Account Units Sold In Public Offering Price Per Unit | $21 | ' | ' | ' |
Net Proceeds From Issuance Initial Public Offering | 390.7 | ' | ' | ' |
Accounts Receivable, Net | 26.4 | ' | ' | ' |
Property, plant and equipment, net | 485.6 | ' | ' | ' |
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures | 27.9 | ' | ' | ' |
Accounts Payable and Accrued Liabilities, Current | -21.1 | ' | ' | ' |
Asset Retirement Obligation | -11.8 | -11.9 | -17 | -16.3 |
Other Liabilities | -4.8 | ' | ' | ' |
Assets, Net | 407.8 | ' | ' | ' |
Other Ownership Interest [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Net Proceeds From Issuance of Units to Underwriters | 58.9 | ' | ' | ' |
Offering Costs from issuance of units to underwriters | $4.10 | ' | ' | ' |
Limited Partners Subordinated Units [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Partners' Capital Account, Units | 26,705,000 | ' | ' | ' |
Percent of total units owned [Domain] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
General Partners' Capital Account, Units Outstanding | ' | 0.02 | ' | ' |
QEP [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 3,701,750 | ' | ' |
QEP [Member] | Percent of total units owned [Domain] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 0.49 | ' | ' |
Capital Units [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 6,701,750 | ' | ' | ' |
Capital Units [Member] | Percent of total units owned [Domain] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 0.07 | ' | ' |
Public [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 23,003,250 | ' | ' |
Public [Member] | Percent of total units owned [Domain] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 0.42 | ' | ' |
Limited Partners Subordinated Units [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | ' | 26,705,000 | ' | ' |
Subsequent Event [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
General Partners' Capital Account, Units Issued | 1,090,000 | ' | ' | ' |
Subsequent Event [Member] | Limited Partners Subordinated Units [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest | 49.00% | ' | ' | ' |
Subsequent Event [Member] | Capital Units [Member] | ' | ' | ' | ' |
Reconciliation of Proceeds from Offering [Line Items] | ' | ' | ' | ' |
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest | 12.30% | ' | ' | ' |
Initial_Public_Offering_Partne
Initial Public Offering Partnership's Ownership (Details) | Sep. 30, 2013 | Aug. 14, 2013 |
Other Ownership Interests [Line Items] | ' | ' |
Partners' Capital Account, Units | 54,500,000 | ' |
Limited Partners' Capital Account, Units Outstanding | 39,500 | 0 |
General Partners' Capital Account, Units Outstanding | 1,090,000 | ' |
QEP [Member] | ' | ' |
Other Ownership Interests [Line Items] | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 3,701,750 | ' |
Limited Partners Subordinated Units [Member] | ' | ' |
Other Ownership Interests [Line Items] | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 26,705,000 | ' |
Percent of total units owned [Domain] | ' | ' |
Other Ownership Interests [Line Items] | ' | ' |
General Partners' Capital Account, Units Outstanding | 0.02 | ' |
Percent of total units owned [Domain] | QEP [Member] | ' | ' |
Other Ownership Interests [Line Items] | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 0.49 | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 0 Months Ended | 2 Months Ended | 1 Months Ended | 3 Months Ended | 7 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | |||||
Aug. 14, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Aug. 13, 2013 | Sep. 30, 2013 | Aug. 13, 2013 | Sep. 30, 2013 | Sep. 30, 2012 | Mar. 31, 2013 | Mar. 31, 2012 | Sep. 30, 2013 | Jul. 31, 2012 | Sep. 30, 2013 | |
Notes Payable, Other Payables [Member] | Notes Payable, Other Payables [Member] | Revolving Credit Facility [Member] | |||||||||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Omnibus Agreement Annual Payment | ' | ' | ' | ' | ' | ' | $13,800,000 | ' | ' | ' | ' | ' | ' |
Omnibus Agreement G&A payment | ' | 1,200,000 | ' | ' | ' | ' | 1,400,000 | ' | ' | ' | ' | ' | ' |
Document Fiscal Year Focus | ' | ' | ' | ' | ' | ' | '2013 | ' | ' | ' | ' | ' | ' |
Line of Credit Facility, Current Borrowing Capacity | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000,000 | ' | 250,000,000 | 1,000,000,000 |
Debt Instrument, Maturity Date Range, Start | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Apr-13 | ' | ' |
Debt Instrument, Maturity Date Range, End | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1-Apr-14 | ' | 1-Apr-17 |
Long-term Debt, Weighted Average Interest Rate | ' | 6.00% | 6.00% | ' | 6.00% | ' | 6.00% | ' | 6.05% | 5.20% | ' | ' | ' |
Repayments of Related Party Debt | -95,500,000 | ' | -95,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Revenues from affiliate | ' | 0.63 | ' | 12,100,000 | 18,600,000 | 53,400,000 | ' | 56,200,000 | ' | ' | ' | ' | ' |
Interest expense to affiliate | ' | ' | ' | ($500,000) | ($1,400,000) | ($2,600,000) | ' | ($5,400,000) | ' | ' | ' | ' | ' |
Property_Plant_and_Equipment_D
Property, Plant and Equipment (Details) (USD $) | Aug. 14, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
In Millions, unless otherwise specified | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Predecessor [Member] | Successor [Member] | |
Gas Gathering and Processing Equipment [Member] | Gas Gathering and Processing Equipment [Member] | Gas Gathering and Processing Equipment [Member] | Gas Gathering and Processing Equipment [Member] | Support Equipment and Facilities [Member] | Support Equipment and Facilities [Member] | Support Equipment and Facilities [Member] | Support Equipment and Facilities [Member] | |||||
Minimum [Member] | Maximum [Member] | Minimum [Member] | Maximum [Member] | |||||||||
Property, Plant and Equipment [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gathering equipment | ' | $723.30 | $918.80 | $723.30 | $907.70 | ' | ' | $0 | $11.10 | ' | ' | ' |
Property, Plant and Equipment, Useful Life | ' | ' | ' | ' | ' | '5 years | '40 years | ' | ' | '3 years | '30 years | ' |
Accumulated depreciation | ' | -237 | -284.7 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total net property, plant and equipment | $485.60 | ' | $634.10 | ' | ' | ' | ' | ' | ' | ' | ' | $486.30 |
Asset_Retirement_Obligiations_1
Asset Retirement Obligiations (Details) (USD $) | 2 Months Ended | 1 Months Ended | ||
In Millions, unless otherwise specified | Sep. 30, 2013 | Aug. 13, 2013 | Aug. 14, 2013 | Dec. 31, 2012 |
Asset Retirement Obligation [Abstract] | ' | ' | ' | ' |
Asset Retirement Obligation | $11.90 | $17 | $11.80 | $16.30 |
Asset Retirement Obligation, Accretion Expense | $0.10 | $0.70 | ' | ' |
Debt_Details
Debt (Details) (USD $) | 0 Months Ended | 2 Months Ended | |
In Millions, unless otherwise specified | Aug. 14, 2013 | Sep. 30, 2013 | Sep. 30, 2013 |
Credit Facility [Abstract] | ' | ' | ' |
QEP Midstream Credit Facility | ' | $500 | ' |
QEP Midsteam Credit Facility Maximum Amount | ' | 750 | ' |
Repayments of Related Party Debt | ($95.50) | ' | ($95.50) |
Unit_Compensation_Details
Unit Compensation (Details) (USD $) | 2 Months Ended | 7 Months Ended | 9 Months Ended | |
Sep. 30, 2013 | Aug. 13, 2013 | Sep. 30, 2012 | Aug. 14, 2013 | |
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ' | ' | ' | ' |
Limited Partners' Capital Account, Units Outstanding | 39,500 | ' | ' | 0 |
Weighted Average Grant-Date Fair Value - Instant | $21 | ' | ' | $0 |
Sharebased Compensation Arrangement By Sharebased Payment Award Non Option Equity Instruments Vested Weighted Average Grant Date Fair Value Outstanding | 0 | ' | ' | ' |
Units Available for Issuance | ' | ' | ' | 5,341,000 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | 3,250 | ' | ' | ' |
Granted | 39,500 | ' | ' | ' |
Weighted Average Fair Value - Shares Granted | 21 | ' | ' | ' |
Stock or Unit Option Plan Expense | ' | 0 | 0 | ' |
Vested | 0 | ' | ' | ' |
Weighted Average Fair Value - Shares Vested | 0 | ' | ' | ' |
Forfeited | 0 | ' | ' | ' |
Unrecognized Option Plan Expense | $800,000 | ' | ' | ' |
Commitments_and_Contingencies_
Commitments and Contingencies (Details) (USD $) | Sep. 30, 2013 |
In Millions, unless otherwise specified | |
Commitments and Contingencies [Abstract] | ' |
Deferred Revenue | $7 |
Net_Income_Per_Limited_Partner2
Net Income Per Limited Partner Unit (Details) (USD $) | 2 Months Ended | ||
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2013 | Oct. 23, 2013 |
Distribtutions in Excess of Net Income [Line Items] | ' | ' | ' |
Quarterly Distribution | ' | ' | $7.10 |
Partners' Capital Account, Distributions | 7.1 | ' | ' |
Distribution in Excess of Income | -0.6 | ' | ' |
Weighted Average Limited Partnership Units Outstanding, Basic | ' | 54.5 | ' |
Net income attributable to QEP Midstream | 6.5 | ' | ' |
General partner's distribution declared(1) | -0.1 | ' | ' |
Partners' Capital Account, Distribution Per Unit of Limited Partner Interest | ' | ' | $0.13 |
Limited Partners Common Units [Member] | ' | ' | ' |
Distribtutions in Excess of Net Income [Line Items] | ' | ' | ' |
Distribution in Excess of Income | -0.3 | ' | ' |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 26.7 | ' | ' |
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic, Net of Tax | $0.12 | ' | ' |
Net income attributable to QEP Midstream | 3.2 | ' | ' |
Limited partners' distribution declared on common units(1) | -3.5 | ' | ' |
Limited Partners Subordinated Units [Member] | ' | ' | ' |
Distribtutions in Excess of Net Income [Line Items] | ' | ' | ' |
Distribution in Excess of Income | -0.3 | ' | ' |
Weighted Average Number of Shares Outstanding, Basic and Diluted | 26.7 | ' | ' |
Net Income (Loss), Per Outstanding Limited Partnership and General Partnership Unit, Basic, Net of Tax | $0.12 | ' | ' |
Net income attributable to QEP Midstream | 3.2 | ' | ' |
Limited partners' distribution declared on common units(1) | -4 | ' | ' |
General Partner Units [Member] | ' | ' | ' |
Distribtutions in Excess of Net Income [Line Items] | ' | ' | ' |
Distribution in Excess of Income | 0 | ' | ' |
Weighted Average Limited Partnership Units Outstanding, Basic | ' | 1.1 | ' |
Net income attributable to QEP Midstream | $0.10 | ' | ' |
Subsequent_Events_Details
Subsequent Events (Details) (USD $) | 3 Months Ended | |
In Millions, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Oct. 23, 2013 |
Subsequent Event [Line Items] | ' | ' |
Quarterly Distribution | ' | $7.10 |
Partners' Capital Account, Distribution Per Unit of Limited Partner Interest | ' | $0.13 |
Incentive Distribution, Payments Made and Minimum Distribution Level | '.25 | ' |