Investor Presentaiton
2022 Consolidated Financial Highlights
1Q22 1
2Q22
3Q22
4Q22
FY2022
(in thousands, except per share amounts)
Revenues:
Oil and natural gas
$
76,810 $
100,912 $
80,026 $
57,734 $
315,482
Contract drilling
$
28,882 $
33,642 $
40,256 $
44,590 $
147,370
Gas gathering and processing
$
82,673 $
$
$
$
82,673
Total revenues
188,365 $
134,554 $
120,282 $
102,324 $
545,525
Net income attributable to Unit Corporation
$
(46,877) $
80,093 $
55,818 $
59,335 $
148,369
Basic earnings per share
$
(4.66) $
7.99 $
5.70 $
6.16 $
15.03
Diluted earnings per share
$
(4.66) $
7.82 $
5.60 $
6.07 $
14.78
Adjusted EBITDA 2
$
50,823 $
44,370 $
43,270 $
36,611 $
175,074
Capital expenditures
$
8,568 $
5,979 $
8,998 $
10,051 $
33,596
1 Reflects Superior activity on a consolidated basis during the two months prior to its March 1, 2022 deconsolidation
2
See Appendix 1 for a description of Adjusted EBITDA and reconciliation to net income attributable to Unit Corporation
•
Cash and cash equivalents of $214 million as of December 31, 2022
•
No outstanding borrowings on $35 million revolver
.
•
Expected federal net operating loss carryforward of $331 million as of December 31, 2022
See Form 10-K filed with the SEC on March 17, 2023, for more detailed information
UNIT CORPORATIONView entire presentation