Unit Corporation Stock Price, News & Analysis

Unit Corporation (OTCQX: UNTC) reported third quarter and nine-month 2025 results and disclosed the sale of its contract drilling subsidiary. On October 1, 2025, the company closed the sale of Unit Drilling Company for $120 million in cash, and results for Unit Drilling were classified as discontinued operations for all periods presented.

Selected Q3 2025 metrics: total revenues $23.55M vs $21.28M a year earlier; net income from continuing operations $4.609M; net income from discontinued operations $2.292M; total net income $6.901M; diluted EPS $0.69. The company expects available tax attributes to substantially offset gains from the sale. Quarterly dividends of $1.25 per share were paid in March, June and September 2025.

Unit Corporation (OTCQX: UNTC) has announced the sale of its contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company in an all-cash transaction valued at $120 million. The deal was unanimously recommended by the company's strategic transactions committee and approved by the board of directors.

The strategic divestment aims to sharpen the company's focus on upstream operations, where management sees significant value creation opportunities. Unit Corporation expects its tax attributes to substantially offset gains from the transaction. The company plans to maintain its regular dividend program and will evaluate new drilling project investments for future growth.

Unit Corporation (OTCQX: UNTC) announced changes to its board composition. Director Steven B. Hildebrand will not seek re-election at the 2025 annual meeting of stockholders. To maintain balance between director groups as required by the company charter, Alan J. Carr has resigned as a Group 2 Director and been appointed to fill a vacancy in Group 1 Directors. Following these changes, there are now two directors in Group 1 and three directors in Group 2. Group 1 Directors will be up for election at the 2025 annual meeting.

Unit Corporation (OTCQX: UNTC) has declared a quarterly cash dividend of $1.25 per share for the third quarter of 2025. The dividend will be paid on September 26, 2025, to shareholders of record as of September 16, 2025. The company plans to fund this dividend payment using available cash from its balance sheet.

Unit Corporation (OTCQX: UNTC) reported strong Q2 2025 financial results with net income of $22.1 million ($2.22 per diluted share), nearly doubling from $11.5 million in Q2 2024. Total revenue increased to $59.1 million from $56.8 million year-over-year.

The company's operational highlights include an 18% increase in oil production to 201 MBbls and a 27% rise in NGL production to 276 MBbls. Natural gas production grew by 10% to 3,276 MMcf. In the contract drilling segment, UNTC maintained 14 total rigs with an average of 11.3 rigs in use during Q2 2025.

The company maintained its quarterly dividend of $1.25 per share and has active hedging positions for natural gas and crude oil extending into 2026.

Unit Corporation (UNTC) has declared a quarterly cash dividend of $1.25 per share for Q2 2025. The dividend will be distributed on June 27, 2025, to shareholders who are recorded as owners of UNTC stock at the close of business on June 17, 2025. The company plans to fund this dividend payment using available cash from its balance sheet, demonstrating its commitment to returning value to shareholders through regular dividend distributions.

Unit Corporation reported Q1 2025 financial results with net income of $17.9 million ($1.80 per diluted share), up from $16.1 million ($1.61 per diluted share) in Q1 2024. Total revenues decreased to $63.5 million from $67.2 million year-over-year. The company experienced mixed operational results: while oil production slightly increased by 2%, NGL and natural gas production declined by 21% and 12% respectively. Natural gas prices saw significant improvement, up 64% to $2.94/Mcf. The company maintained its quarterly dividend of $1.25 per share. In the contract drilling segment, the average number of drilling rigs in use decreased to 12.7 from 13.7, with average dayrates declining 5% to $29,355/day. The company has implemented natural gas hedging strategies through 2026 to stabilize cash flows.

Unit (UNTC) reported its financial results for Q4 and full-year 2024. Net income for Q4 2024 was $10.7 million ($1.07 per diluted share), down from $57.4 million in Q4 2023. Total revenue decreased to $59.9 million in Q4 2024 from $74.6 million in Q4 2023.

For the full year 2024, net income was $47.2 million ($4.75 per diluted share), compared to $248.9 million in 2023. Annual revenue declined to $237.6 million from $327.3 million in 2023. The company declared a quarterly cash dividend of $1.25 per share for Q1 2025.

In March 2025, UNTC entered natural gas swap agreements for 15,000 MMBtu/day (April-December 2025) at $4.69/MMBtu and 5,000 MMBtu/day for 2026 at $4.22/MMBtu. During 2024, the company repurchased 97,354 shares at an average price of $33.94, totaling $3.3 million.

Unit (OTCQX: UNTC) has confirmed the payment details for its first quarter 2025 cash dividend. The company will distribute a quarterly dividend of $1.25 per share to shareholders, with the payment scheduled for March 28, 2025. To qualify for this dividend, investors must be shareholders of record by the close of business on March 18, 2025. The company has stated that this quarterly dividend payment will be funded using available cash from its balance sheet.