UNIT CORP - UNTC STOCK NEWS

Unit Corporation (UNTC) declared a quarterly cash dividend of $2.50 per share for Q4 2023, a special cash dividend of $15.00 per share, and a conditional special cash dividend of $5.00 per share. The conditional dividend is contingent on the sale of certain oil and gas properties. Phil Frohlich, CEO, highlighted the company's efforts in capital discipline and expense reduction to provide value to shareholders.

Unit Corporation (OTCQX: UNTC) filed unaudited financial statements for the three and nine months ended September 30, 2023 with OTC Markets Group Inc. The company reported a decrease in net income and total revenues compared to the same period in 2022. The CEO highlighted the dividend paid during the quarter and the agreement to sell certain properties in the Texas Panhandle. Operational highlights for the oil and natural gas and contract drilling segments were also provided.

Unit Corporation promotes Dylan Cope to Chief Accounting Officer and Controller

Unit Corporation (OTCQX: UNTC) will pay a quarterly cash dividend of $2.50 per share of common stock for Q3 2023 on September 26, 2023, funded by cash on the Company’s balance sheet.

Unit Corporation (UNTC) approved quarterly dividends of $2.50 per share for the third and fourth quarters of 2023. The record and payment dates will be determined later. The company will cease voluntary filing of periodic and current reports with the SEC and begin filing with the OTC Markets Group in compliance with its Alternative Reporting Standard.

Unit Corporation (OTCQX: UNTC) announced the resignation of President and CEO Philip B. Smith, effective March 31, 2023. He will remain Chairman of the Board. Phil Frohlich, a current director and the largest shareholder, will serve as interim CEO starting April 1, 2023. Frohlich expressed his commitment to maximizing production and minimizing costs to benefit shareholders. Smith acknowledged the contributions of the company's employees and emphasized his ongoing role as Chairman in guiding the company's future. Unit Corporation operates in oil and gas exploration and production based in Tulsa, Oklahoma.

Unit Corporation (OTC Pink: UNTC) declared a special cash dividend of $10.00 per share, payable on January 31, 2023, to shareholders of record by January 20, 2023. Additionally, a quarterly dividend policy has been approved, starting with an initial payment of $2.50 per share in the second quarter. Future dividends will be variable, based on the company’s financial condition. These dividends will be funded by cash on hand, reflecting the company's strong operating performance.