Unit Corp. (UNT) Tops Q4 EPS by 3c

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Go back to Unit Corp. (UNT) Tops Q4 EPS by 3c

Unit Corporation Reports 2017 Fourth Quarter and Year End Results

February 22, 2018 7:30 AM EST

TULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (NYSE: UNT) today reported its financial and operational results for the fourth quarter and year end 2017. Fourth quarter and year end highlights include:

Fourth quarter net income of $89.2 million, which reflects an $81.3 million net tax benefit related to tax legislation enacted in the quarter, and adjusted net income of $11.3 million. Oil and natural gas segment production increased 6% over the third quarter of 2017. Total year-end 2017 proved oil and natural gas reserves increased 27% over 2016.... More