Investor Presentaiton

• Returning Value to Shareholders Special dividend of $10 per share paid in January 2023 Quarterly variable dividend policy going forward: $2.50 per share announced for Q2 2023 Subsequent variable dividends to be determined based on future operating cash flows, available cash, working capital, and capital expenditure requirements or opportunities, among other factors Share repurchase activity from September 2020 emergence to December 31, 2022: Shares Cost Avg Cost/Share (In thousands) Repurchase Program From Lenders 1,794 $68,851 $38.37 600 $9,000 $15.00 Others 78 $1,487 $19.07 Total as of Dec 31, 2022 2,472 $79,338 $32.09 UNIT CORPORATION 19

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