Unit Corporation reported a 10% increase in revenues from 2024 to 2025, according to the Tulsa firm’s just-released fourth quarter and year-end financial reports.
Revenues grew, said the company, “primarily due to higher price realizations for natural gas.” It also said its operating costs decreased 4% from 2024 “primarily due to lower employee costs in our upstream operations.
Unit sold its Unit Drilling Company last fall to Cactus Drilling Company, L.L.C in a $119.7 million agreement.
“The sale of UDC will change our operations and financial results going forward. Accordingly, the results of operations and cash flows for UDC have been classified as discontinued operations for all periods presented and prior periods have been retrospectively adjusted in the consolidated statements of operations and consolidated statements of cash flows,” stated Unit in its financial report.
The company reported it developed 1,462 acres of oil and gas leases during 2025 through new drilling on the leases acquired in 2024. It said net proceeds for the sale of non-core oil and natural gas assets totaled $3.7 million and $2.9 million during the years ended December 31, 2025 and 2024, respectively. T
The Company announced on March 6, 2026 that a quarterly cash dividend of $1.25 per share had been declared for the first quarter of 2026, to be paid on March 27, 2026 to shareholders of record as of the close of business on March 17, 2026.
During the year ended December 31, 2025, the Company repurchased 4,500 shares under its share repurchase program at an average share price of $30.13 (unadjusted for dividends paid) for an aggregate purchase price of $0.1 million.
As of December 31, 2025, Unit had repurchased a total of 2,574,246 shares of common stock since emergence from bankruptcy at an average share price of $32.16 (unadjusted for dividends paid) for an aggregate purchase cost of $82.8 million.