UNTC Unit Dashboard

Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. It operates through the following segments: Oil and Natural Gas; Contract Drilling; Mid-Stream; and Other. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. The Contract Drilling segment contracts to drill onshore oil and natural gas wells. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas. The company was founded by King P. Kirchner and James Donald Bodard in 1963 and is headquartered in Tulsa, OK.

Company profile

Ticker

UNTC, UNCP

Exchange

NASDAQ

Website

www.unitcorp.com/

CEO

David Merrill

Incorporated

Delaware

Location

Oklahoma

Fiscal year end

Dec 31

Sector

Mining, Quarrying, and Oil and Gas Extraction > Crude Petroleum and Natural Gas Extraction

Industry (SIC)

Crude Petroleum & Natural Gas

Petroleo Brasileiro S.A. Petrobras • Anadarko Petroleum • Occidental Petroleum • Marathon Oil • Apache • Chesapeake Energy • Devon Energy • EOG Resources • Pressburg • Ovintiv ...

SEC CIK

0000798949

Corporate docs

Articles of Incorporation & Bylaws

IRS number

731283193

UNTC stock data

S&P 500

1M 1Y 2Y 5Y

Press releases

Pro users get this 30m faster

Unit Corporation Announces Share Repurchase Program

13 Jul 21

Unit Corporation (OTC:UNTC) (Company) announced today that its board of directors has authorized repurchasing up to $25 million of its outstanding common stock. The repurchases will be made through open market

Investment data

Data from SEC filings

Securities sold

Number of investors

Calendar

12 May 21

29 Jul 21

31 Dec 21

Financial summary

Financial statements Chart UNTC financial data

Quarter (USD)	Mar 21	Dec 20	Sep 20	Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Unit earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	25.19M	25.19M	25.19M	25.19M	25.19M	25.19M
Cash burn (monthly)	(positive/no burn)	(positive/no burn)	(positive/no burn)	21.96M	(positive/no burn)	(positive/no burn)
Cash used (since last report)	n/a	n/a	n/a	86.95M	n/a	n/a
Cash remaining	n/a	n/a	n/a	-61.76M	n/a	n/a
Runway (months of cash)	n/a	n/a	n/a	-2.8	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

UNTC insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value
3 Sep 20	George L Austin	Common Stock	Other	Dispose J	Yes	No	0	12,311	0
3 Sep 20	George L Austin	Common Stock	Other	Dispose J	No	No	0	57,213	0
3 Sep 20	Robert J Sullivan Jr	Common Stock	Other	Dispose J	No	No	0	41,102	0
3 Sep 20	Robert J Sullivan Jr	Stock Option Common Stock	Other	Dispose J	No	No	53.81	3,500	188.34K
3 Sep 20	Larry D Pinkston	Common Stock	Other	Dispose J	Yes	No	0	12,799	0
3 Sep 20	Larry D Pinkston	Common Stock	Other	Dispose J	No	No	0	443,400	0
3 Sep 20	G Bailey IV Peyton	Common Stock	Other	Dispose J	No	No	0	59,602	0
3 Sep 20	G Bailey IV Peyton	Stock Option Common Stock	Other	Dispose J	No	No	53.81	3,500	188.34K
3 Sep 20	Larry C Payne	Common Stock	Other	Dispose J	No	No	0	43,102	0
3 Sep 20	Larry C Payne	Stock Option Common Stock	Other	Dispose J	No	No	53.81	3,500	188.34K

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

UNTC institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders	Current	Prev Q	Change
Total holders	3	3	–
Opened positions	2	0	NEW
Closed positions	2	6	-66.7%
Increased positions	1	0	NEW
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	3.76M	4.06M	-7.5%
Total shares	597.94K	100.08K	+497.5%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BIGTQ Pinnacle	280K	$280K	+184.4%
Valueworks	278.1K	$3.48M	NEW
Granite Investment Advisors	39.84K	$0	NEW

Largest transactions	Shares	Bought/sold	Change
Valueworks	278.1K	+278.1K	NEW
BIGTQ Pinnacle	280K	+181.54K	+184.4%
Granite Investment Advisors	39.84K	+39.84K	NEW
BNP Paribas Arbitrage	0	-1.61K	EXIT
AdvisorNet Financial	0	-10	EXIT
IFP Advisors	0	0

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Superior Energy Services-North America Services • Noble Vici

Management Discussion

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations
•Oil and Natural Gas – carried out by our subsidiary UPC. This segment develops, acquires, and produces oil and natural gas properties for our own account.
•Contract Drilling – carried out by our subsidiary UDC. This segment contracts to drill onshore oil and natural gas wells for others and for our oil and natural gas segment.

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Good

New words: alteration, arrangement, clarifying, curtailed, Dakota, distinct, divestiture, exhaustive, expressed, fleet, headcount, hired, Louisiana, Mexico, Montana, North, offload, omitted, ratably, Reno, safety, scrap, simplify, Stafford, stipulated, storm, upgrade, Utah, winter

Removed: accelerate, accelerated, achieve, achievement, acquiring, added, adjust, advisory, affiliate, aggressively, Aid, allocation, amend, annually, Appalachian, applied, approved, Arabia, assigned, authorized, averaged, Banking, Basin, began, billed, BMO, Boe, BOK, borrow, Branch, breach, build, Canadian, capitalize, Cashion, category, certainty, cessation, CFTA, claim, classification, classified, cliff, Colorado, Comerica, Commerce, competition, complied, composed, composition, comprehensive, computed, condensate, confidence, connect, connecting, consideration, constituted, constructing, construction, consummated, contemplated, content, continuation, count, cut, dated, David, death, debtor, declined, default, defer, deferral, degree, Delaware, delist, delivered, depressed, deterioration, difficult, dilution, DIP, directional, disease, dismissing, disrupt, disruption, documented, domestic, Dominion, doubt, drop, earn, East, Edmond, eligible, emerge, emergency, Englewood, entry, equivalent, establishing, ethane, excluded, exercising, exist, existed, expensive, expiring, extended, extension, face, favorable, feasible, fluctuate, focusing, formation, formed, fourth, FSB, globally, globe, governance, governing, granted, hard, Hemphill, high, horizontal, imbalance, impacting, Imperial, improved, inability, incurring, indefinite, indenture, independent, indirect, influence, intention, international, interstate, intrastate, inventory, involving, issuing, July, jurisdiction, labor, large, leading, leasehold, lender, lieu, lose, low, making, mechanism, medical, membership, Merrill, mix, MMcf, mode, National, negatively, NYSE, occurrence, October, Offered, ongoing, OPEC, opted, OTC, outbreak, panhandle, participant, partner, partnership, past, payroll, penalty, pendency, PEPL, Permian, permitted, permitting, Pinedale, Pink, pipe, Pittsburgh, planned, Pledge, pledged, potentially, premium, preparation, privately, produced, professional, program, prompt, proportional, protect, qualified, realization, realized, recent, recognition, recover, redeemed, reducing, Reeding, refinance, refinanced, reflective, region, rejection, relationship, rendering, replace, repurchase, repurchased, restructuring, resultant, retained, reversible, rework, RSA, run, Russia, salary, Saudi, scheduled, Segno, separation, serve, served, serving, shared, sharp, shock, short, show, shut, spread, stack, strain, subordinated, subsequently, successful, sum, superpriority, supplemented, supply, suspended, terminate, termination, thereunder, throughput, tied, Toronto, travel, Trust, trustee, TSR, ultimately, unable, undergoing, understanding, unescalated, unforeseeable, unrelated, unvested, utilized, varied, vest, vested, vesting, war, whichever, Wilmington, workforce, world, worth, write, yielding, York

From filing 10-Q 2021 Q1