Unit Corporation’s second quarter earnings were double from a year ago, according to the Tulsa firm’s release of its consolidated financial statements for the three and six months ended June 30, 2025.
Net income for the three months ended June 30, 2025 was $22.1 million, or $2.22 per diluted share, compared to $11.5 million, or $1.15 per diluted share, for the three months ended June 30, 2024. Total revenue for the three months ended June 30, 2025 was $59.1 million, compared to $56.8 million for the three months ended June 30, 2024.
For the six months ended June 30, 2025, net income was $40.0 million, or $4.07 per diluted share, compared to $27.6 million, or $2.76 per diluted share, for the six months ended June 30, 2024. Total revenue for the six months ended June 30, 2025 was $122.6 million, compared to $124.0 million for the six months ended June 30, 2024.
“The quarter was highlighted by increased industry attention on development within our core Anadarko Basin area of interest,” commented Phil Frohlich, the Company’s Chief Executive Officer. “We are focused on a number of promising new well opportunities and expect to exceed our original expectations for 2025 new production.”