Press Release: Unit Corporation Reports Second Quarter Results

Dow Jones08-08

Income tax expense (benefit), 
net: 
     Current                        (290)      159       (215)       349 
     Deferred                      3,385    27,021      8,287    (47,815) 
                                  ------    ------    -------    ------- 
                    Total 
                     income tax 
                     expense 
                     (benefit), 
                     net           3,095    27,180      8,072    (47,466) 
                                  ------    ------    -------    ------- 
Net income                       $11,509   $28,017   $ 27,613   $162,667 
                                  ======    ======    =======    ======= 
Net income per common share: 
     Basic                       $  1.17   $  2.90   $   2.81   $  16.82 
                                  ======    ======    =======    ======= 
     Diluted                     $  1.15   $  2.86   $   2.76   $  16.62 
                                  ======    ======    =======    ======= 
 
 
                              Unit Corporation 
                  Selected Financial Highlights - Continued 
 
                                                 June 30,     December 31, 
                                                    2024           2023 
                                                -----------  --------------- 
Balance Sheet Data:                                    (In thousands) 
  Cash and cash equivalents                      $   80,808   $       60,779 
  Current assets                                 $  117,326   $      118,296 
  Total assets                                   $  312,648   $      322,720 
  Current liabilities                            $   30,275   $       42,399 
  Long-term debt                                 $       --   $           -- 
  Other long-term liabilities                    $   22,698   $       22,803 
  Total shareholders' equity attributable to 
   Unit Corporation                              $  257,056   $      254,126

View source version on businesswire.com: https://www.businesswire.com/news/home/20240808057152/en/

 
    CONTACT:    Rene Punch

Investor Relations

(918) 493-7700

www.unitcorp.com

(END) Dow Jones Newswires

August 08, 2024 09:29 ET (13:29 GMT)

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Press Release: Unit Corporation Reports Second Quarter Results

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