Unit Corporation Q4 net income jumps on asset sale

Reuters03-12 21:10

Unit Corporation Q4 net income jumps on asset sale

Overview

U.S. oil and gas producer's Q4 revenue was flat yr/yr, net income jumped on asset sale
Company sold contract drilling unit, results from that unit shown as discontinued operations
Unit declared Q1 2026 quarterly dividend and repurchased shares in 2025

Result Drivers

OIL AND NGL PRICES - Lower average realized prices for oil and NGLs weighed on segment revenue
NATURAL GAS PRICES - Higher average realized natural gas prices supported segment revenue
OIL PRODUCTION - Increased oil production partially offset lower prices

Company press release: ID:nBw3yzLwXa

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue		$24.72 mln
Q4 Net Income		$51.35 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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