Welcome to our dedicated page for Unit Corporation news (Ticker: UNTC), a resource for investors and traders seeking the latest updates and insights on Unit Corporation stock.
Unit Corporation (UNTC) is a Tulsa-based, publicly held energy company engaged in oil and natural gas production through its wholly owned subsidiary, Unit Petroleum Company. The UNTC news feed highlights the company’s operational performance, capital allocation decisions, and strategic actions within the crude petroleum and natural gas extraction industry.
Recent news releases feature quarterly and annual financial results, including total revenues, net income, production volumes for oil, natural gas liquids, and natural gas, and detailed segment information for the oil and natural gas business. These updates often include management commentary on drilling activities, development within core areas of interest, and the impact of commodity price movements.
Investors following UNTC news will also see announcements related to corporate transactions and portfolio changes. The company has reported the sale of its wholly owned contract drilling subsidiary, Unit Drilling Company, to Cactus Drilling Company, L.L.C. in an all-cash transaction, and has described how this divestiture supports a sharper focus on upstream operations and new drilling opportunities.
Another key theme in Unit Corporation’s news is shareholder returns. The company has announced a recurring quarterly cash dividend of $1.25 per share of common stock for multiple quarters, funded by cash on its balance sheet, and has disclosed prior special and quarterly dividends as well as share repurchases. News items also describe the use of commodity derivatives, such as natural gas and crude oil swaps, and how these hedges help stabilize cash flows.
This news page allows readers to monitor UNTC’s earnings releases, dividend declarations, strategic transactions, hedging updates, and other corporate developments over time.
Unit Corporation (OTCQX: UNTC) reported 2025 results reflecting a major divestiture and strong earnings. The company sold Unit Drilling Company for $119.7 million, realizing a taxable gain of $106.5 million that was offset by $104.5 million NOLs and $3.8 million federal tax credits.
Total revenues were $102.3 million in 2025 and consolidated net income was $98.3 million with total diluted EPS of $9.87. The board declared a $1.25 quarterly dividend for Q1 2026 and repurchases totaled 2,574,246 shares for $82.8 million since emergence from bankruptcy.
Unit Corporation (OTCQX: UNTC) declared a $1.25 per share quarterly cash dividend for Q1 2026. The dividend is payable on March 27, 2026 to holders of record at the close of business on March 17, 2026. The company said the dividend will be funded from cash on its balance sheet.
Unit Corporation (OTCQX: UNTC) announced a quarterly cash dividend of $1.25 per share for Q4 2025. The dividend will be paid on December 26, 2025 to shareholders of record as of the close of business on December 16, 2025. The company said the dividend will be funded by cash on its balance sheet.
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.