Company research
UNIT CORP
CIK 798949Updated Sep 24, 2026
SecuritiesUNTC · OTC · equityUNTCW · OTC · warrant
UNTC price & chart
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Recent filings
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Financials
FY 2022 · USDSource
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Source
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balance sheet · annual statements
| Line item | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 469,255,000Source | 629,477,000Source | 649,703,000Source | 2,090,052,000Source |
| Property, Plant and Equipment, NetUSD | 175,293,000Source | 450,543,000Source | 546,800,000Source | 1,952,686,000Source |
| GoodwillUSD | — | — | — | 0Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 213,975,000Source | 64,140,000Source | 12,145,000Source | 571,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 57,776,000Source | 87,248,000Source | 57,846,000Source | 82,656,000Source |
| Assets, CurrentUSD | 275,469,000Source | 156,930,000Source | 82,922,000Source | 105,051,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 3,718,000Source | 5,542,000Source | 11,212,000Source | 13,078,000Source |
| Operating Lease, Right-of-Use AssetUSD | 6,551,000Source | 12,445,000Source | 5,592,000Source | 5,673,000Source |
| Other Assets, NoncurrentUSD | 10,284,000Source | 9,559,000Source | 14,389,000Source | 26,642,000Source |
| LIABILITIES AND EQUITY | ||||
| Commitments and ContingenciesUSD | — | — | — | 0Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | — | — | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 121,000Source | 120,000Source | 120,000Source | 10,591,000Source |
| Additional Paid in CapitalUSD | 252,464,000Source | 198,171,000Source | 197,242,000Source | 644,152,000Source |
| Retained Earnings (Accumulated Deficit)USD | 189,440,000Source | 41,071,000Source | -18,140,000Source | 199,135,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | 0Source |
| Stockholders' Equity Attributable to ParentUSD | 362,626,000Source | 187,397,000Source | 179,222,000Source | 853,878,000Source |
| Liabilities and EquityUSD | 469,255,000Source | 629,477,000Source | 649,703,000Source | 2,090,052,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 68,232,000Source | 151,138,000Source | 80,347,000Source | 260,049,000Source |
| Operating Lease, Liability, CurrentUSD | 1,605,000Source | 3,791,000Source | 4,075,000Source | 3,430,000Source |
| Accounts Payable, CurrentUSD | 20,356,000Source | 58,625,000Source | 40,829,000Source | 84,481,000Source |
| Operating Lease, Liability, NoncurrentUSD | 5,035,000Source | 8,677,000Source | 1,445,000Source | 2,071,000Source |
| Deferred Income Tax Liabilities, NetUSD | 0Source | 0Source | — | — |
| Other Liabilities, NoncurrentUSD | 33,362,000Source | 32,939,000Source | 39,259,000Source | 95,341,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 0Source | 212,271,000Source | 246,371,000Source | 201,757,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 18,716,000Source | 22,450,000Source | 21,743,000Source | 46,562,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | -200,985,000Source | -5,941,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 0Source | 19,200,000Source | 98,400,000Source | 663,216,000Source |
cash flow · annual statements
| Line item | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 142,541,000Source | 48,216,000Source | -553,828,000Source | -39,767,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 24,143,000Source | 64,326,000Source | 275,573,000Source | 243,605,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 6,718,000Source | 929,000Source | 12,932,000Source | 22,899,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 10,699,000Source | 31,034,000Source | -33,323,000Source | 12,955,000Source |
| Increase (Decrease) in InventoriesUSD | — | 0Source | -24,000Source | -32,000Source |
| Increase (Decrease) in Accounts PayableUSD | -3,234,000Source | 23,141,000Source | -15,558,000Source | 26,272,000Source |
| Deferred Income Tax Expense (Benefit)USD | 0Source | 0Source | -131,045,000Source | -10,865,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 159,421,000Source | 175,969,000Source | 269,396,000Source | 347,759,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 3,653,000Source | 29,970,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 28,896,000Source | 36,205,000Source | -394,563,000Source | -450,342,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | — | — | 0Source | 0Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 30,386,000Source | 30,305,000Source | 406,665,000Source | 446,282,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 1,569,000Source | 0Source | 4,158,000Source | — |
| Payments for Repurchase of Common StockUSD | 27,434,000Source | 51,965,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -38,482,000Source | -160,748,000Source | 119,286,000Source | 108,334,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | — | — | 0Source | -2,503,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 149,835,000Source | 51,426,000Source | — | — |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 213,975,000Source | 64,140,000Source | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 589,000Source | 4,769,000Source | 33,694,000Source | 34,535,000Source |
| Income Taxes Paid, NetUSD | 173,000Source | 0Source | 273,000Source | 3,600,000Source |
| Additional Financial Items | ||||
| Accretion ExpenseUSD | — | 1,893,000Source | 2,343,000Source | 2,393,000Source |
| Share-based Payment Arrangement, ExpenseUSD | 6,718,000Source | 826,000Source | 12,800,000Source | 17,800,000Source |
| Amortization of Debt Issuance Costs and DiscountsUSD | — | 0Source | 2,241,000Source | 2,198,000Source |
| Asset Retirement Obligation, Accretion ExpenseUSD | 1,798,000Source | 1,892,000Source | 2,343,000Source | 2,393,000Source |
| Deconsolidation, Gain (Loss), AmountUSD | -13,141,000Source | — | — | — |
| Derivative, Gain (Loss) on Derivative, NetUSD | — | — | 4,225,000Source | -3,184,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | — | 10,877,000Source | -3,502,000Source | 704,000Source |
| Gain (Loss) on Disposition of AssetsUSD | 8,367,000Source | 10,877,000Source | -3,502,000Source | 704,000Source |
| Gain (Loss) on Disposition of BusinessUSD | -13,141,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 1,100,000Source | — |
| Gain (Loss) on Disposition of Assets for Financial Service OperationsUSD | 8,367,000Source | 10,877,000Source | -3,502,000Source | 704,000Source |
| General and Administrative ExpenseUSD | 24,644,000Source | 24,915,000Source | 38,246,000Source | 38,707,000Source |
| GoodwillUSD | — | — | 0Source | 62,808,000Source |
| Goodwill, Impairment LossUSD | — | — | 62,800,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 243,980,000Source | 174,098,000Source | -653,131,000Source | -17,107,000Source |
| Income Tax Expense (Benefit)USD | 333,000Source | 173,000Source | -132,326,000Source | -13,996,000Source |
| Net Income (Loss) Attributable to ParentUSD | 148,369,000Source | 60,647,000Source | -553,879,000Source | -45,288,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -5,828,000Source | — | — | — |
| Nonoperating Income (Expense)USD | -101,106,000Source | -125,709,000Source | -33,023,000Source | -36,656,000Source |
| Operating Costs and ExpensesUSD | 261,125,000Source | 375,581,000Source | 384,728,000Source | 430,896,000Source |
| Operating ExpensesUSD | — | 450,580,000Source | 1,286,017,000Source | 822,385,000Source |
| Other Nonoperating Income (Expense)USD | 2,900,000Source | -597,000Source | -236,000Source | 22,000Source |
| Payments of Financing CostsUSD | — | 0Source | — | — |
| Proceeds from Contributions from ParentUSD | — | — | — | 0Source |
| Proceeds from Issuance of Common StockUSD | — | — | 0Source | 0Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | 0Source | 300,000,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 545,525,000Source | 638,716,000Source | 674,634,000Source | — |
| Unrealized Gain (Loss) on DerivativesUSD | -63,610,000Source | -97,615,000Source | 4,225,000Source | -3,184,000Source |
income statement · annual statements
| Line item | FY 2022 | FY 2021 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Total RevenueUSD | — | — | 674,634,000Source | 843,281,000Source |
| Other Nonoperating Income (Expense)USD | 2,900,000Source | -597,000Source | -236,000Source | 22,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 142,874,000Source | 48,389,000Source | — | — |
| Income Tax Expense (Benefit)USD | 333,000Source | 173,000Source | -132,326,000Source | -13,996,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -5,828,000Source | — | — | — |
| Net Income (Loss) Attributable to ParentUSD | 148,369,000Source | 60,647,000Source | -553,879,000Source | -45,288,000Source |
| Earnings Per Share, BasicUSD per share | 15.03Source | 5.32Source | -10.48Source | -0.87Source |
| Earnings Per Share, DilutedUSD per share | 14.78Source | 5.26Source | -10.48Source | -0.87Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 9,874,000Source | 11,405,000Source | 52,849,000Source | 51,981,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 10,038,000Source | 11,520,000Source | 52,849,000Source | 51,981,000Source |
| Additional Financial Items | ||||
| Costs and ExpensesUSD | 301,545,000Source | 464,618,000Source | 1,327,765,000Source | 860,388,000Source |
| Current Income Tax Expense (Benefit)USD | 333,000Source | 173,000Source | -1,281,000Source | -3,131,000Source |
| General and Administrative ExpenseUSD | 24,644,000Source | 24,915,000Source | 38,246,000Source | 38,707,000Source |
| Goodwill, Impairment LossUSD | — | — | 62,800,000Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | 243,980,000Source | 174,098,000Source | -653,131,000Source | -17,107,000Source |
| Interest ExpenseUSD | 447,000Source | — | — | — |
| Interest Income (Expense), NetUSD | — | -4,266,000Source | -37,012,000Source | -33,494,000Source |
| Interest Income, OtherUSD | 2,642,000Source | — | — | — |
| Net Income (Loss) Attributable to Nonredeemable Noncontrolling InterestUSD | — | -12,431,000Source | 51,000Source | 5,521,000Source |
| Nonoperating Income (Expense)USD | -101,106,000Source | -125,709,000Source | -33,023,000Source | -36,656,000Source |
| Operating Costs and ExpensesUSD | 261,125,000Source | 375,581,000Source | 384,728,000Source | 430,896,000Source |
| Operating ExpensesUSD | — | 450,580,000Source | 1,286,017,000Source | 822,385,000Source |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 545,525,000Source | 638,716,000Source | 674,634,000Source | — |