A Business at a Glance
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UNIT CORP
UNTC
$307M
Mkt Cap
$30.55
-0.23%
UNIT CORP (UNTC) has a current P/E ratio of 0.9.
UNIT CORP (UNTC) has a 5-year average return on invested capital (ROIC) of 20.5%. This indicates strong capital allocation and a potential competitive advantage.
UNIT CORP (UNTC) has a market capitalization of $294M. It is classified as a small-cap stock.
UNIT CORP (UNTC) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 9.32%.
UNIT CORP (UNTC) operates in the Crude Petroleum & Natural Gas industry, within the Energy sector.
UNIT CORP (UNTC) reported annual revenue of $546 million in its most recent fiscal year, based on SEC EDGAR filings.
UNIT CORP (UNTC) has a net profit margin of 27.2%. This is a strong margin indicating high profitability.
UNIT CORP (UNTC) generated $129 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Item 1. Business Unless otherwise indicated or required by the context, the terms “Company,” “Unit,” “us,” “our,” “we,” and “its” refer to Unit Corporation or, as appropriate, one or more of its subsidiaries. References to our mid-Stream segment refer to Superior Pipeline Company, L.L.C. (and its subsidiaries) of which we own 50%. Our executive offices are at 8200 South Unit Drive, Tulsa, Oklahoma 74132; our telephone number is (918) 493-7700. Information regarding our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to these reports, will be provided free in print to any shareholders who request them. They are also available on our website at www.unitcorp.com, as soon as reasonably possible after we electronically file these reports with or furnish them to the SEC. The SEC maintains a website at www.sec.
| Metric | TTM | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|
| Revenue | 451M | 546M | - | 675M | 843M | 740M |
| Net Income | 330M | 148M | 61M | -554M | -45M | 118M |
| EPS | $34.10 | $14.78 | $5.26 | $-52.40 | $-4.35 | $11.40 |
| Free Cash Flow | 141M | 129M | 146M | -137M | -94M | 15M |
| ROIC | 0.0% | 100.1% | 31.5% | -31.2% | -2.2% | 4.4% |
| Gross Margin | - | - | - | - | 1.5% | 18.5% |
| Debt/Equity | 0.00 | 0.00 | 0.10 | 0.78 | 0.46 | 0.74 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 0 | 149M | 65M | -649M | -26M | 99M |
| Operating Margin | 0.0% | 27.3% | - | -96.2% | -3.1% | 13.3% |
| ROE | 82.3% | 54.0% | 33.1% | -49.3% | -3.3% | 9.3% |
| Shares Outstanding | 10M | 10M | 12M | 11M | 10M | 10M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 871M | 1.2B | 1.3B | 1.4B | 1.6B | 854M | 602M | 740M | 843M | 675M | N/A | 546M | 451M |
| Gross Margin | 32.0% | 31.7% | 9.2% | 28.5% | 18.1% | -185.2% | -22.2% | 18.5% | 1.5% | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 26M | 30M | 33M | 38M | 41M | 34M | 33M | 38M | 39M | 38M | 25M | N/A | 23M |
| EBIT | 252M | 352M | 88M | 346M | 243M | -1.6B | -167M | 99M | -26M | -649M | 65M | 149M | 0 |
| Op. Margin | 29.0% | 29.2% | 6.7% | 25.6% | 15.5% | -189.2% | -27.7% | 13.3% | -3.1% | -96.2% | N/A | 27.3% | 0.0% |
| Net Income | 146M | 196M | 23M | 185M | 136M | -1.0B | -136M | 118M | -45M | -554M | 61M | 148M | 330M |
| Net Margin | 16.8% | 16.2% | 1.8% | 13.7% | 8.7% | -121.4% | -22.5% | 15.9% | -5.4% | -82.1% | N/A | 27.2% | 73.1% |
| Non-Recurring | 0 | -595K | 253K | 17M | 9.0M | -7.2M | 2.5M | 327K | 704K | 59M | 22M | 8.4M | 8.4M |
| Returns on Capital | |||||||||||||
| ROIC | 8.6% | 10.0% | 1.8% | 6.6% | 4.9% | -38.6% | -6.4% | 4.4% | -2.2% | -31.2% | 31.5% | 100.1% | 0.0% |
| ROE | 8.9% | 10.7% | 1.2% | 8.9% | 6.0% | -56.9% | -10.8% | 9.3% | -3.3% | -49.3% | 33.1% | 54.0% | 82.3% |
| ROA | 6.0% | 6.6% | 0.7% | 4.7% | 3.2% | -28.6% | -5.1% | 4.7% | -1.7% | -23.1% | 9.5% | 27.0% | 67.2% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 390M | 608M | 691M | 674M | 709M | 447M | 240M | 270M | 353M | 269M | 176M | 159M | 171M |
| Free Cash Flow | -94M | -120M | -71M | -30M | -272M | -115M | 54M | 15M | -94M | -137M | 146M | 129M | 141M |
| Owner Earnings | 175M | 314M | 355M | 319M | 282M | 73M | 18M | 43M | 86M | -19M | 111M | 129M | 147M |
| CapEx | 484M | 729M | 762M | 704M | 981M | 561M | 186M | 256M | 446M | 407M | 30M | 30M | 30M |
| Maint. CapEx | 205M | 280M | 319M | 334M | 403M | 353M | 208M | 209M | 244M | 276M | 64M | 24M | 17M |
| Growth CapEx | 279M | 448M | 443M | 370M | 578M | 209M | 0 | 46M | 203M | 131M | 0 | 6.2M | 14M |
| D&A | 205M | 280M | 319M | 334M | 403M | 353M | 208M | 209M | 244M | 276M | 64M | 24M | 17M |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 17.8% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 52M | 27M | 27M |
| Buyback Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 9.3% |
| Stock-Based Comp | 10M | 14M | 17M | 21M | 24M | 21M | 14M | 18M | 23M | 13M | 929K | 6.7M | 7.1M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | 325M | 349M | 1.6B | 627M | 977M | 1.2B | 961M | 998M | 638M | 667M | -45M | -214M | -171M |
| Cash & Equiv. | 1.4M | 835K | 974K | 19M | 1.0M | 835K | 893K | 701K | 6.5M | 571K | 64M | N/A | 171M |
| Long-Term Debt | 163M | 300M | 716M | 646M | 812M | 919M | 801M | 820M | 644M | 663M | 19M | 0 | N/A |
| Debt/Equity | 0.19 | 0.18 | 0.82 | 0.30 | 0.42 | 0.91 | 0.81 | 0.74 | 0.46 | 0.78 | 0.10 | 0.00 | 0.00 |
| Interest Coverage | N/A | 84.6 | 6.2 | 23.1 | 14.0 | -50.6 | -4.2 | 2.6 | -0.8 | -17.5 | 15.3 | 333.7 | 333.7 |
| Equity | 1.7B | 1.9B | 2.0B | 2.2B | 2.3B | 1.3B | 1.2B | 1.3B | 1.4B | 854M | 187M | 363M | 401M |
| Total Assets | 2.7B | 3.3B | 3.8B | 4.0B | 4.5B | 2.8B | 2.5B | 2.6B | 2.7B | 2.1B | 629M | 469M | 491M |
| Total Liabilities | 959M | 672M | 687M | 788M | 865M | 262M | 191M | 1.2B | 1.1B | 1.0B | 230M | 107M | -2.6M |
| Intangibles | 3.0M | 1.9M | 680K | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | 1.3B | 1.5B | 1.5B | 1.7B | 1.9B | 817M | 682M | 799M | 753M | 199M | 41M | 189M | 226M |
| Working Capital | 41M | 16M | -11M | -32M | -52M | -11M | -44M | -62M | -44M | -155M | 5.8M | 207M | 173M |
| Current Assets | 188M | 228M | 196M | 212M | 252M | 140M | 121M | 120M | 170M | 105M | 157M | 275M | 223M |
| Current Liabilities | 147M | 213M | 207M | 244M | 304M | 151M | 165M | 182M | 214M | 260M | 151M | 68M | 50M |
| Per Share Data | |||||||||||||
| EPS | 15.45 | 20.40 | 2.40 | 19.00 | 13.90 | -105.60 | -13.55 | 11.40 | -4.35 | -52.40 | 5.26 | 14.78 | 34.10 |
| Owner EPS | 18.45 | 32.67 | 36.76 | 32.82 | 28.74 | 7.40 | 1.79 | 4.17 | 8.28 | -1.81 | 9.60 | 12.81 | 15.28 |
| Book Value | 180.42 | 202.79 | 204.45 | 223.52 | 237.90 | 133.72 | 119.30 | 130.16 | 133.60 | 80.78 | 16.25 | 36.12 | 41.59 |
| Cash Flow/Share | 41.14 | 63.37 | 71.55 | 69.35 | 72.32 | 45.50 | 23.99 | 26.13 | 33.88 | 25.49 | 15.26 | 15.88 | 35.99 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 9.5M | 9.6M | 9.7M | 9.7M | 9.8M | 9.8M | 10.0M | 10.3M | 10.4M | 10.6M | 11.5M | 10.0M | 9.6M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.9 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 2.1 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 |
| Price/Sales | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.7 |
| FCF Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 47.8% |
| Market Cap | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 294M |
| Avg. Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.55 |
| Year-End Price | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 30.55 |
UNIT CORP passes 4 of 9 quality checks, suggesting mixed fundamentals.
The company's 5-year average ROIC is 20.5% with a gross margin of 10.0%. Total shareholder yield (buybacks) is 9.3%.
UNIT CORP (UNTC) has a debt-to-equity ratio of 0.00. This indicates a conservatively financed balance sheet.
UNIT CORP (UNTC) reported earnings per share (EPS) of $14.78 in its most recent fiscal year.
UNIT CORP (UNTC) has a return on equity (ROE) of 54.0%. This indicates the company generates strong returns for shareholders.
UNIT CORP (UNTC) has a 5-year average gross margin of 10.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 14 years of financial data for UNIT CORP (UNTC), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UNIT CORP (UNTC) has a book value per share of $36.12, based on its most recent annual SEC filing.
No recent press releases.