Unit Corp. (UNT) Misses Q3 EPS by 14c, Revenues Miss
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Unit Corporation Reports 2019 Third Quarter Results
November 8, 2019 8:00 AM ESTTULSA, Okla.--(BUSINESS WIRE)-- Unit Corporation (NYSE: UNT) today reported its financial and operational results for the third quarter of 2019. Operational highlights include:
Oil and natural gas segment:
Segment production increased 6% and capital expenditures decreased 56% during the quarter, as compared to the second quarter. Continued focus on increasing oil production, with this quarter's oil production increasing 28% over the second quarter and representing 21% of total equivalent production in the quarter. Lease operating expense decreased 11% during the quarter compared to the second... More