Edition:
United States

Unit Corp (UNT.N)

UNT.N on New York Stock Exchange

20.62USD
13 Nov 2018
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Latest Key Developments (Source: Significant Developments)

Unit Corporation Q3 Earnings Per Share $0.36
Tuesday, 6 Nov 2018 07:00am EST 

Nov 6 (Reuters) - Unit Corp ::ORATION REPORTS 2018 THIRD QUARTER RESULTS.Q3 EARNINGS PER SHARE $0.36.Q3 REVENUE $220.1 MILLION.Q3 ADJUSTED EARNINGS PER SHARE $0.30 EXCLUDING ITEMS.Q3 EARNINGS PER SHARE VIEW $0.23 -- THOMSON REUTERS I/B/E/S.ON OCTOBER 18, CO AMENDED CREDIT AGREEMENT EXTENDING TERM OF AGREEMENT TO OCTOBER 18, 2023.REDUCED OPERATED RIG COUNT TO 3 RIGS TO KEEP ANNUAL CAPEX IN LINE WITH ANTICIPATED CASH FLOWS.  Full Article

Superior Pipeline Company Enters Credit Agreement Creating A $200 Million Credit Facility
Wednesday, 16 May 2018 02:27pm EDT 

May 16 (Reuters) - Unit Corp ::UNIT CORP - ON MAY 10, SUPERIOR PIPELINE COMPANY THAT IS EQUALLY OWNED BETWEEN CO & SP INVESTOR HOLDINGS, ENTERED INTO A CREDIT AGREEMENT - SEC FILING.UNIT CORP - CREDIT AGREEMENT CREATES 5-YEAR, $200 MILLION SENIOR SECURED REVOLVING CREDIT FACILITY WITH AN OPTION TO RAISE CREDIT AMOUNT UP TO $250 MILLION.  Full Article

Unit Corp Enters Fourth Amendment To Senior Credit Agreement Dated September 13, 2011
Friday, 6 Apr 2018 12:40pm EDT 

April 6 (Reuters) - Unit Corp ::ON APRIL 2, CO ENTERED INTO A FOURTH AMENDMENT TO SENIOR CREDIT AGREEMENT - SEC FILING.FOURTH AMENDMENT AMENDS CO'S EXISTING CREDIT AGREEMENT ENTERED INTO BETWEEN CO AND CERTAIN LENDERS ON SEPT 13, 2011.AMENDMENT PROVIDES FOR DECREASE IN MAXIMUM CREDIT AMOUNT TO $475 MILLION, INCREASE IN BORROWING BASE TO $525 MILLION, AMONG OTHERS.  Full Article

Unit Corp Reports Q4 Earnings Per Share $1.71
Thursday, 22 Feb 2018 07:30am EST 

Feb 22 (Reuters) - Unit Corp ::UNIT CORPORATION REPORTS 2017 FOURTH QUARTER AND YEAR END RESULTS.Q4 EARNINGS PER SHARE $1.71.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​.  Full Article

Unit Corporation Announces Les Austin As Chief Financial Officer
Monday, 27 Nov 2017 09:50am EST 

Nov 27 (Reuters) - Unit Corp ::UNIT CORPORATION ANNOUNCES NEWLY APPOINTED OFFICER.UNIT CORP - ‍LES AUSTIN HAS BEEN NAMED SENIOR VICE PRESIDENT AND CFO, EFFECTIVE IMMEDIATELY​.UNIT CORP - LES AUSTIN HAS BEEN NAMED TO THE POSITION WHICH WAS HELD BY DAVID MERRILL.  Full Article

Unit Q3 earnings per share $0.07
Thursday, 2 Nov 2017 07:30am EDT 

Nov 2 (Reuters) - Unit Corp ::Unit Corporation reports 2017 third quarter results.Q3 earnings per share $0.07.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Q3 revenue $188.5 million versus I/B/E/S view $187.9 million.Q3 adjusted non-gaap earnings per share $0.10 excluding items.Qtrly ‍oil and natural gas segment production increased 5% over Q2 of 2017​.Says ‍total production for quarter was 4.1 million barrels of oil equivalent (mmboe), a 5% increase over Q2 of 2017​.Unit Corp - ‍during quarter, plant outages and delays attributable to hurricane harvey reduced quarterly production by approximately 100 mboe​.Unit Corp - anticipates 2017 production to be approximately 16 mmboe​.Q3 earnings per share view $0.11, revenue view $187.9 million -- Thomson Reuters I/B/E/S.  Full Article

Unit Corp Q2 EPS $0.17
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Unit Corp ::Unit corporation reports 2017 second quarter results.Q2 earnings per share $0.17.Q2 revenue $170.6 million versus i/b/e/s view $181.3 million.Q2 adjusted non-gaap earnings per share $0.07 excluding items.Q2 earnings per share view $0.09 -- Thomson Reuters I/B/E/S.Unit corp says for quarter, total production was 3.9 million barrels of oil equivalent (mmboe), a 2% increase over q1 of 2017.  Full Article

Unit Corp Q1 earnings per share $0.31
Thursday, 4 May 2017 07:00am EDT 

May 4 (Reuters) - Unit Corp :Unit Corporation reports 2017 first quarter results.Q1 earnings per share $0.31.Q1 earnings per share view $0.21 -- Thomson Reuters I/B/E/S.Q1 revenue $175.7 million versus I/B/E/S view $180.2 million.Q1 adjusted non-gaap earnings per share $0.15 excluding items.  Full Article

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

BRIEF-Superior Pipeline Company Enters Credit Agreement Creating A $200 Million Credit Facility

* UNIT CORP - ON MAY 10, SUPERIOR PIPELINE COMPANY THAT IS EQUALLY OWNED BETWEEN CO & SP INVESTOR HOLDINGS, ENTERED INTO A CREDIT AGREEMENT - SEC FILING