{"id":2304,"date":"2026-05-07T18:00:00","date_gmt":"2026-05-07T16:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=8f92402a66b78b46e0fcac8611a30cc4"},"modified":"2026-05-07T18:00:00","modified_gmt":"2026-05-07T16:00:00","slug":"unit-corporation-reports-first-quarter-results","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=2304","title":{"rendered":"Unit Corporation Reports First Quarter Results"},"content":{"rendered":"

TULSA, Okla.--(BUSINESS WIRE)--Unit Corporation (OTCQX: UNTC) (Company) filed consolidated financial statements for the three months ended March 31, 2026 with OTC Markets Group Inc. (OTC). The Company\u2019s current, quarterly and annual reports may be accessed on the OTC\u2019s website at https:\/\/www.otcmarkets.com\/stock\/UNTC\/disclosure<\/a>, as well as the Company\u2019s website at https:\/\/unitcorp.com\/investor-relations\/otc-sec-filings\/<\/a>.<\/p><\/a><\/a>

\nOn April 27, 2026, the Company entered into a purchase and sale agreement to sell certain oil and gas leasehold interests, consisting of deep rights in the Woodford and Mississippian formations underlying acreage located in Caddo and Blaine Counties, Oklahoma, for an aggregate purchase price of approximately $18.7 million, subject to customary purchase price adjustments. The transaction is expected to close within 60 days of execution, subject to customary closing conditions.<\/p>

\nPhil Frohlich, Chief Executive Officer, commented, \u201cthis divestiture of deeper rights in the Woodford and Mississippian formations reflects our ongoing effort to streamline the portfolio and focus on areas where we see the strongest returns. By monetizing these non-core undeveloped interests, we\u2019re sharpening our operational focus. We\u2019re particularly encouraged by the opportunities emerging in the Cherokee Shale and Red Fork formations, where we continue to see meaningful development potential.\u201d<\/p>

\nFirst Quarter Results<\/b><\/p>

\nThe Selected Financial Highlights should be read in conjunction with the Company\u2019s unaudited condensed consolidated financial statements and the notes thereto.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\nThree Months Ended March 31,<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n2025<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n(In thousands except per share amounts)<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal revenues<\/p><\/td>

\n$<\/p><\/td>

\n29,067<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n28,387<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNet income from continuing operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,662<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n11,386<\/p><\/td><\/tr>\n

\nNet income (loss) from discontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,550<\/p><\/td><\/tr>\n

\nNet income<\/p><\/td>

\n$<\/p><\/td>

\n4,662<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n17,936<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiluted net income per common share<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nContinuing operations<\/p><\/td>

\n$<\/p><\/td>

\n0.47<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.14<\/p><\/td><\/tr>\n

\nDiscontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0.66<\/p><\/td><\/tr>\n

\nTotal diluted earnings per common share<\/p><\/td>

\n$<\/p><\/td>

\n0.47<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.80<\/p><\/td><\/tr>\n<\/table>

\nOperational highlights for the oil and natural gas segment during the three months ended March 31, 2026 and 2025 include:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\nThree Months Ended March 31,<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n% Change<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage oil price ($\/Bbl)<\/p><\/td>

\n$<\/p><\/td>

\n66.19<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n69.90<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(5)<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage oil price excluding derivatives ($\/Bbl)<\/p><\/td>

\n$<\/p><\/td>

\n69.98<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n69.90<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage NGLs price ($\/Bbl)<\/p><\/td>

\n$<\/p><\/td>

\n18.52<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n23.03<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(20)<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage NGLs price excluding derivatives ($\/Bbl)<\/p><\/td>

\n$<\/p><\/td>

\n18.52<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n23.03<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(20)<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage natural gas price ($\/Mcf)<\/p><\/td>

\n$<\/p><\/td>

\n3.05<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n2.94<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nAverage natural gas price excluding derivatives ($\/Mcf)<\/p><\/td>

\n$<\/p><\/td>

\n3.53<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n3.23<\/p><\/td>

\n\u00a0<\/p><\/td>

\n9<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOil production (MBbls)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n199<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n190<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNGL production (MBbls)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n238<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n236<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNatural gas production (MMcf)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,988<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n3,089<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(3)<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal production (MBOE)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n935<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n941<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(1)<\/p><\/td>

\n%<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>

\nDerivatives<\/b><\/p>

\nThe following non-designated commodity hedges were outstanding as of March 31, 2026:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nRemaining Term<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nCommodity<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nContracted Volume<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nWeighted Average<\/b><\/p>

\nFixed Price for Swaps<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nContracted Market<\/b><\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nNatural gas - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 MMBtu\/day<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$4.22<\/p><\/td>

\n\u00a0<\/p><\/td>

\nIF - NYMEX (HH)<\/p><\/td><\/tr>\n

\nApr'26 - Oct'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nNatural gas - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 MMBtu\/day<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$4.22<\/p><\/td>

\n\u00a0<\/p><\/td>

\nIF - NYMEX (HH)<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nNatural gas - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 MMBtu\/day<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$4.02<\/p><\/td>

\n\u00a0<\/p><\/td>

\nIF - NYMEX (HH)<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n12,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$65.85<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$64.40<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$69.10<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n8,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$70.50<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nApr'26 - Dec'26<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$73.75<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nJan'27 - Dec'27<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$65.00<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nJan'27 - Dec'27<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$63.90<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nJan'27 - Dec'27<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$62.10<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nJan'27 - Dec'27<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n7,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$64.70<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n

\nJan'27 - Dec'27<\/p><\/td>

\n\u00a0<\/p><\/td>

\nCrude Oil - swap<\/p>

\nFloating to fixed<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,000 Bbls\/month<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$67.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\nWTI - NYMEX<\/p><\/td><\/tr>\n<\/table>

\nAs of March 31, 2026, based on our first quarter 2026 average daily production, the approximated percentages of our production under swaps are as follows:<\/p>\n\n\n\n

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n2027 and beyond<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\nDaily oil production<\/p><\/td>

\n56%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n41%<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\nDaily natural gas production<\/p><\/td>

\n46%<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0%<\/p><\/td><\/tr>\n<\/table>

\nCommon Stock Dividends<\/b><\/p>

\nThe table below presents information about the dividends paid during the periods indicated:<\/p>\n\n\n\n\n\n\n\n\n

\n\u00a0<\/p><\/td>

\nType<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDividend<\/b><\/p>

\nper share<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nTotal<\/b><\/p>

\nAmount<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nRecord Date<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nPayment Date<\/b><\/p><\/td><\/tr>\n

\n2025<\/i><\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nFirst quarter<\/p><\/td>

\nQuarterly<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n12,317<\/p><\/td>

\n\u00a0<\/p><\/td>

\nMarch 18, 2025<\/p><\/td>

\n\u00a0<\/p><\/td>

\nMarch 28, 2025<\/p><\/td><\/tr>\n

\nSecond quarter<\/p><\/td>

\nQuarterly<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n12,317<\/p><\/td>

\n\u00a0<\/p><\/td>

\nJune 17, 2025<\/p><\/td>

\n\u00a0<\/p><\/td>

\nJune 27, 2025<\/p><\/td><\/tr>\n

\nThird quarter<\/p><\/td>

\nQuarterly<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n12,335<\/p><\/td>

\n\u00a0<\/p><\/td>

\nSeptember 16, 2025<\/p><\/td>

\n\u00a0<\/p><\/td>

\nSeptember 26, 2025<\/p><\/td><\/tr>\n

\nFourth quarter<\/p><\/td>

\nQuarterly<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n12,375<\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 16, 2025<\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 26, 2025<\/p><\/td><\/tr>\n

\n2026<\/i><\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nFirst quarter<\/p><\/td>

\nQuarterly<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.25<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n12,370<\/p><\/td>

\n\u00a0<\/p><\/td>

\nMarch 17, 2026<\/p><\/td>

\n\u00a0<\/p><\/td>

\nMarch 27, 2026<\/p><\/td><\/tr>\n<\/table>

\nThe declaration and payment of any future dividend, whether fixed, special, or variable, are at the sole discretion of the Company\u2019s Board of Directors. This decision will depend upon several factors, including the Company\u2019s financial position, results of operations, cash flows, capital requirements, business conditions, future expectations, legal requirements, and other relevant factors at the time of consideration. Future dividends are expected to be funded by cash on the Company's balance sheet.<\/p>

\nAbout Unit Corporation<\/b><\/p>

\nUnit Corporation is a Tulsa-based, publicly held energy company engaged in oil and natural gas production through its wholly owned subsidiary, Unit Petroleum Company. For more information about Unit Corporation, visit its website at http:\/\/www.unitcorp.com<\/a>.<\/p>

\nForward-Looking Statements<\/b><\/p>

\nThis news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act. All statements, other than statements of historical facts, included in this release that address activities, events, or developments that the Company expects, believes, or anticipates will or may occur are forward-looking statements. Several risks and uncertainties could cause actual results to differ materially from these statements, including changes in commodity prices, the productive capabilities of the Company\u2019s wells, future demand for oil and natural gas, projected rate of the Company\u2019s oil and natural gas production, the amount available to the Company for borrowings, its anticipated borrowing needs under its credit agreement, the number of wells to be drilled, the potential productive capability of its prospective plays, and other factors described occasionally in the Company\u2019s publicly available OTC reports. The Company assumes no obligation to update publicly such forward-looking statements, whether because of new information, future events, or otherwise.<\/p>

\nIn conjunction with this release, the Company has posted a supplemental investor presentation on the Investor Relations section of its website at https:\/\/unitcorp.com\/investor-relations\/#presentations<\/a>.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n

\nUnit Corporation<\/b><\/p><\/td><\/tr>\n

\nSelected Financial Highlights<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\nThree Months Ended March 31,<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2025<\/b><\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n(In thousands except per share amounts)<\/b><\/p><\/td><\/tr>\n

\nRevenues:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal revenues<\/p><\/td>

\n$<\/p><\/td>

\n29,067<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n28,387<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nExpenses:<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOperating costs<\/p><\/td>

\n\u00a0<\/p><\/td>

\n10,988<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n10,063<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDepreciation, depletion, and amortization<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,636<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,174<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nGeneral and administrative<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,262<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,296<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nGain on disposition of assets<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(22<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal operating expenses<\/p><\/td>

\n\u00a0<\/p><\/td>

\n18,864<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n17,533<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome from operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n10,203<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n10,854<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther income (expense):<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nInterest income<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,624<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n547<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nInterest expense<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(8<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(10<\/p><\/td>

\n)<\/p><\/td><\/tr>\n

\nGain (loss) on derivatives, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(6,069<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,302<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nOther, net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n32<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n93<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal other income (expense)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(4,421<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,932<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome from continuing operations before income taxes<\/p><\/td>

\n\u00a0<\/p><\/td>

\n5,782<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n13,786<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome tax expense (benefit), net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCurrent<\/p><\/td>

\n\u00a0<\/p><\/td>

\n(320<\/p><\/td>

\n)<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n84<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDeferred<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,440<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,316<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal income tax expense (benefit), net<\/p><\/td>

\n\u00a0<\/p><\/td>

\n1,120<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n2,400<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome from continuing operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n4,662<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n11,386<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nIncome from discontinued operations, net of tax<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n6,550<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nNet income<\/p><\/td>

\n$<\/p><\/td>

\n4,662<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n17,936<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nBasic net income per common share<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nContinuing operations<\/p><\/td>

\n$<\/p><\/td>

\n0.47<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.15<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nDiscontinued operations<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n0.66<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nTotal basic earnings per common share<\/p><\/td>

\n$<\/p><\/td>

\n0.47<\/p><\/td>

\n

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n1.81<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n<\/table>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n<\/tr>\n

\nUnit Corporation<\/b><\/p><\/td><\/tr>\n

\nSelected Financial Highlights \u2013 Continued<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\nMarch 31,<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\nDecember 31,<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n2026<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n2025<\/b><\/p><\/td><\/tr>\n

\n\u00a0<\/p><\/td>

\n(In thousands)<\/b><\/p><\/td><\/tr>\n

\nBalance Sheet Data:<\/b><\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td>

\n\u00a0<\/p><\/td><\/tr>\n

\nCash and cash equivalents<\/p><\/td>

\n$<\/p><\/td>

\n173,463<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n181,713<\/p><\/td><\/tr>\n

\nCurrent assets<\/p><\/td>

\n$<\/p><\/td>

\n192,478<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n200,470<\/p><\/td><\/tr>\n

\nTotal assets<\/p><\/td>

\n$<\/p><\/td>

\n321,139<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n330,742<\/p><\/td><\/tr>\n

\nCurrent liabilities<\/p><\/td>

\n$<\/p><\/td>

\n22,365<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n28,416<\/p><\/td><\/tr>\n

\nLong-term debt<\/p><\/td>

\n$<\/p><\/td>

\n\u2014<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n\u2014<\/p><\/td><\/tr>\n

\nOther long-term liabilities<\/p><\/td>

\n$<\/p><\/td>

\n21,367<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n21,212<\/p><\/td><\/tr>\n

\nTotal shareholders' equity<\/p><\/td>

\n$<\/p><\/td>

\n273,493<\/p><\/td>

\n\u00a0<\/p><\/td>

\n$<\/p><\/td>

\n281,074<\/p><\/td><\/tr>\n<\/table>

\n\u00a0<\/p> Contacts<\/b>

\nRene Punch\nInvestor Relations\n(918) 493-7700\nwww.unitcorp.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

TULSA, Okla.–(BUSINESS WIRE)–Unit Corporation (OTCQX: UNTC) (Company) filed consolidated financial statements for the three months ended March 31, 2026 with OTC Markets Group Inc. (OTC). The Company\u2019s current, quarterly and annual reports may be acce…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2304","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2304"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2304\/revisions"}],"predecessor-version":[{"id":2305,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2304\/revisions\/2305"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}