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Unit (UNTC)

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, UNTCW
Exchange
NASDAQ
Website
www.unitcorp.com/
CEO
David Merrill
Employees
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 • Occidental Petroleum • Anadarko Petroleum • Apache • Chesapeake Energy • Devon Energy • Marathon Oil • EOG Resources • Pressburg • Ovintiv ...
SEC CIK
0000798949
Corporate docs
Subsidiaries
Unit Drilling Company • Unit Petroleum Company • Superior Pipeline Company, L.L.C. ...
IRS number
731283193

UNTC stock data

Press releases

From Benzinga Pro
Unit Corporation Reports Preliminary Second Quarter Results
22 Jul 22
Unit Corporation (OTC:UNTC) (Company) today reported preliminary and unaudited selected financial and operational highlights for the three months ended June 30, 2022. Second Quarter Results Net income (loss)
Unit Corporation Announces Update of Divestiture Process and Expansion of Its Stock Repurchase Program
10 Jun 22
Unit Corporation (OTC:UNTC) (Company) announced today that it has ended its engagement with Tudor, Pickering, Holt & Co. (TPH) as advisor for the previously announced process to sell up to all of its oil and gas

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

11 Aug 22
16 Aug 22
31 Dec 22

Financial summary

Financial statements Chart UNTC financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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.

Institutional ownership, Q1 2022

UNTC institutional ownership history Ownership history
4.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 3 1 +200.0%
Opened positions 2 0 NEW
Closed positions 0 2 EXIT
Increased positions 0 1 EXIT
Reduced positions 1 0 NEW
13F shares Current Prev Q Change
Total value 5.86B 12.56M +46588.2%
Total shares 488.28K 388.84K +25.6%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Valueworks 377.97K $23.26M -2.8%
BIGTQ Pinnacle 101.31K $5.84B NEW
Ancora Advisors 9K $110K NEW
Largest transactions Shares Bought/sold Change
BIGTQ Pinnacle 101.31K +101.31K NEW
Valueworks 377.97K -10.87K -2.8%
Ancora Advisors 9K +9K NEW
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. 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 produces, develops, and acquires 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

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: Coast, daywork, Gulf, shareholder, show, unfavorable, unsettled
Removed: Conway, curtailed, dedicated, divest, enhance, excluded, forward, gather, mark, marketing, Montana, personnel, recognize, spending, substantial, upgrade, Utah
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
11 Aug 22
10-Q
2022 Q1
Quarterly report
12 May 22
10-K
2021 FY
Annual report
31 Mar 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
16 Aug 21
10-Q
2021 Q1
Quarterly report
12 May 21
10-K/A
2020 FY
Annual report (amended)
30 Apr 21
10-K
2020 FY
Annual report
31 Mar 21
10-Q
2020 Q3
Quarterly report
28 Jan 21
10-Q
2020 Q2
Quarterly report
21 Oct 20
Current reports
View all
8-K
Unit Corporation Reports Preliminary Second Quarter Results
22 Jul 22
8-K
Departure of Directors or Certain Officers
6 Jul 22
8-K
Unit Corporation Announces Update of Divestiture Process and Expansion of Its Stock Repurchase Program
10 Jun 22
8-K
Entry into a Material Definitive Agreement
4 May 22
8-K
Other Events
12 Apr 22
8-K
Departure of Directors or Certain Officers
21 Mar 22
8-K
Regulation FD Disclosure
20 Jan 22
8-K
Submission of Matters to a Vote of Security Holders
9 Dec 21
8-K
Regulation FD Disclosure
15 Oct 21
8-K
Regulation FD Disclosure
4 Oct 21
Registration and prospectus
View all
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
S-8 POS
Registration of securities for employees (post-effective amendment)
23 Oct 20
Proxies
View all
DEF 14A
Definitive proxy
26 Mar 19
DEF 14A
Definitive proxy
25 Mar 18
DEF 14A
Definitive proxy
22 Mar 17
DEF 14A
Definitive proxy
23 Mar 16
DEF 14A
Definitive proxy
24 Mar 15
DEF 14A
Definitive proxy
20 Mar 14
DEF 14A
Definitive proxy
14 Mar 13
DEF 14A
Definitive proxy
15 Mar 12
DEF 14A
Definitive proxy
20 Mar 11
DEF 14A
Definitive proxy
18 Mar 10
Other
View all
EFFECT
Notice of effectiveness
15 Oct 20
EFFECT
Notice of effectiveness
15 Oct 20
EFFECT
Notice of effectiveness
15 Oct 20
EFFECT
Notice of effectiveness
14 Oct 20
EFFECT
Notice of effectiveness
13 Oct 20
UPLOAD
Letter from SEC
24 Jul 17
CORRESP
Correspondence with SEC
17 Jul 17
UPLOAD
Letter from SEC
9 Jul 17
EFFECT
Notice of effectiveness
24 Mar 16
UPLOAD
Letter from SEC
15 Sep 15
Ownership
View all
SC 13G
UNIT / NYL Investors ownership change
10 Jan 22
4
UNIT / J MICHAEL ADCOCK ownership change
8 Sep 20
4
UNIT / Frank Q Young ownership change
8 Sep 20
4
UNIT / MARK E SCHELL ownership change
8 Sep 20
4
UNIT / Micheal L Hicks ownership change
8 Sep 20
4
UNIT / DAVID T MERRILL ownership change
8 Sep 20
4
UNIT / STEVEN B HILDEBRAND ownership change
8 Sep 20
4
UNIT / Don A Hayes ownership change
8 Sep 20
4
UNIT / David P Dunham ownership change
8 Sep 20
4
UNIT / George L Austin ownership change
8 Sep 20

Transcripts

View all
2019 Q2
Earnings call transcript
11 Aug 19
2019 Q1
Earnings call transcript
5 May 19
2018 Q4
Earnings call transcript
21 Feb 19
2018 Q3
Earnings call transcript
6 Nov 18
2018 Q2
Earnings call transcript
12 Aug 18
2018 Q2
Earnings call transcript
4 May 18
2017 Q4
Earnings call transcript
23 Feb 18
2017 Q3
Earnings call transcript
2 Nov 17

Reddit threads

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