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Unit Corp Q3 revenue rises 12%, net income falls

By Reuters News


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


Reuters Recommended Reads

  • Nov 3 - Matador Q3 adjusted EPS and net income beat estimates on record production

  • Nov 4 - Permian Resources Q3 production rises 22% on acquisitions and cost control

  • Nov 4 - Riley Exploration Permian Q3 revenue jumps on higher output


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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