February 22, 2018 / 12:36 PM / 6 months ago

BRIEF-Unit Corp Reports Q4 Earnings Per Share $1.71

Feb 22 (Reuters) - Unit Corp:

* UNIT CORPORATION REPORTS 2017 FOURTH QUARTER AND YEAR END RESULTS

* Q4 REVENUE $204.8 MILLION

* Q4 ADJUSTED NON-GAAP EARNINGS PER SHARE $0.22 EXCLUDING ITEMS

* QTRLY ‍OIL AND NATURAL GAS SEGMENT PRODUCTION INCREASED 6% OVER Q3 OF 2017​

* UNIT - ‍QTRLY NET INCOME INCLUDED AN $81.3 MILLION INCOME TAX BENEFIT ASSOCIATED WITH REVALUATION OF NET DEFERRED TAX LIABILITY DUE TO TAX CUTS AND JOBS ACT ​

* ‍FOR QUARTER, TOTAL EQUIVALENT PRODUCTION WAS 4.3 MILLION BARRELS OF OIL EQUIVALENT (MMBOE), A 6% INCREASE OVER Q3 OF 2017​

* SAYS ‍UNIT’S 2018 CAPITAL EXPENDITURES BUDGET IS $352 MILLION, WHICH REPRESENTS A 27% INCREASE OVER 2017, EXCLUDING ACQUISITIONS​ Source text for Eikon: Further company coverage:

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