Unit Corp Q3 revenue rises 12%, net income falls
Overview
US oil and gas producer's Q3 revenue rose 12% yr/yr, net income declined sharply
Q3 diluted EPS fell to $0.12 from $0.69 a year earlier
Company repurchased 41,405 shares in first nine months of 2026
Outlook
Company did not provide specific guidance for future revenue, earnings or production in its press release
Result Drivers
HIGHER OIL AND NGL PRICES - Co said average realized oil and NGL prices increased significantly yr/yr in Q3
LOWER PRODUCTION VOLUMES - Co reported declines in oil, NGL, and natural gas production yr/yr in Q3
DERIVATIVES LOSSES - Co recorded net losses on derivatives in Q3, impacting income from operations and net income
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $26.36 mln | ||
Q3 EPS | $0.12 |
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)