Investor Presentaiton

Appendix 1 Reconciliation of Net Income to Adjusted EBITDA 1Q22 2Q22 3Q22 4Q22 FY2022 (in thousands) Net income attributable to Unit Corporation $ (46,877) $ 80,093 $ 55,818 $ 59,335 $ 148,369 Add: (Gain)/loss on derivatives $ 64,076 $ (2,609) $ 12,381 $ (10,238) $ 63,610 Less: Cash payments on derivatives settled $ (21,239) $ (32,884) $ (28,641) $ (16,011) $ (98,775) Add: (Gain)/loss on change in fair value of warrants $ 36,612 $ (7,289) $ $ $ 29,323 Add: Non-Superior depreciation, depletion, and amortization $ 5,656 $ 5,661 $ 3,521 $ 3,691 $ 18,529 Add: Loss on deconsolidation of Superior $ 13,141 $ $ $ $ 13,141 Less: Gain on disposition of assets $ (2,175) $ (2,066) $ (2,158) $ (1,968) $ (8,367) Add: Stock-based compensation expense $ 1,038 $ 2,847 $ 1,872 $ 961 $ 6,718 Add: ARO accretion expense $ 493 $ 481 $ 392 $ 432 $ 1,798 Add: Non-Superior interest expense $ 95 $ 97 $ 37 39 $ 268 Add: Income tax expense $ $ ST $ $ 333 $ 333 Add: Reorganization expense $ 3 $ 39 $ 48 $ 37 $ 127 Adjusted EBITDA $ ՄՌ 50,823 $ 44,370 $ 43,270 $ 36,611 $ 175,074 Unit believes Adjusted EBITDA provides information useful in assessing operating and financial performance across periods. Unit computes Adjusted EBITDA as net income attributable to Unit Corporation before non-cash valuation changes for commodity derivatives; non-cash valuation changes for the fair value of warrants; non-Superior related depreciation, depletion and amortization; non-cash deconsolidation charges; interest expense; income tax expense; reorganization expense; asset impairments, if any; asset disposition gains and losses; non- cash share-based compensation; accretion on asset retirement obligations; and other items not related to normal operations. Adjusted EBITDA as defined by Unit may not be comparable to similarly titled measures used by other companies. UNIT CORPORATION 21

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