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United States

Unit Corp (UNT.N)

UNT.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Unit Corp acquires oil & gas assets in its Hoxbar core area in western Oklahoma
Tuesday, 4 Apr 2017 07:00am EDT 

Unit Corp : Unit Corp announces agreements to acquire oil & gas assets in its Hoxbar core area in western Oklahoma and to sell common stock through an at-the-market offering . Purchase price for transaction is about $57 million in cash plus 180 net acres in McClain County . Acquisition adds approximately 8,300 net acres to Unit Petroleum's Hoxbar core area in southwestern Oklahoma . Says to sell shares of company's common stock up to an aggregate offering price of $100 million .To use any net proceeds from sale of shares to fund acquisitions, future capital expenditures, repay amounts outstanding under its revolving credit facility.  Full Article

Unit Corp says $4 earnings per share $0.03
Thursday, 23 Feb 2017 08:04am EST 

Unit Corp : Unit corporation reports 2016 fourth quarter & year end results . Qtrly adjusted earnings per share $0.23 . Q4 earnings per share $0.03 . Q4 revenue $174.3 million versus I/B/E/S view $167.3 million . Q4 earnings per share view $0.07 -- Thomson Reuters I/B/E/S . During 2017, Unit's capital expenditures budget is anticipated to be $227 million, which represents a 32% increase over 2016 . Unit's oil, natural gas segment's 2017 production is anticipated to trough in Q1 of 2017, begin growing sequentially in subsequent quarters . Unit's 2017 production is expected to decline 5% to 8% year over year from 2016 . " Commodity price outlook appears to show signs of improvement." . Estimated 2016 year-end proved reserves included proved developed reserves of 99.1 MMBOE, or 594.4 BCFE .Total production for 2016 was 17.3 million barrels of oil equivalent , a 14% decrease from 2015.  Full Article

Unit Corporation Q2 loss per share $1.44
Thursday, 4 Aug 2016 08:00am EDT 

Unit Corp : Q2 loss per share $1.44 . Q2 adjusted non-GAAP loss per share $0.15 excluding items . Q2 earnings per share view $-0.22 -- Thomson Reuters I/B/E/S .Q2 revenue $138.3 million versus i/b/e/s view $135.9 million.  Full Article

Unit Corp sees FY 2015 production at high end of prior range
Tuesday, 4 Aug 2015 07:30am EDT 

Unit Corp:Sees FY 2015 production to be at the top end of the production guidance of 2 pct. to 4 pct.  Full Article

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BRIEF-Unit Corp acquires oil & gas assets in its Hoxbar core area in western Oklahoma

* Unit Corp announces agreements to acquire oil & gas assets in its Hoxbar core area in western Oklahoma and to sell common stock through an at-the-market offering