Unit Corp. (UNT) Tops Q3 EPS by 7c, Revenues Beat

Unit Corp. (NYSE: UNT) reported Q3 EPS of $0.30, $0.07 better than the analyst estimate of $0.23. Revenue for the quarter came in at $220.06 million versus the consensus estimate of $213.55 million.

Pinkston said: “Our oil and natural gas segment generated solid production growth for the quarter during which we increased activity levels to six operated rigs for a brief period. We have now reduced our operated rig count to three rigs to keep annual capital expenditures in line with our anticipated cash flows."

For earnings history and earnings-related data on Unit Corp. (UNT) click here.

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