Past year: ▼ 1%(30.25 – 34.55 USD)
Each one in plain English, with the numbers worked through for a shareholder.
1 June 2023dividend declaration▲ Good
On June 1, 2023 Unit declared the $2.50 per share quarterly dividend for the second quarter, payable June 26, 2023 to holders of record on June 16, funded from cash on hand. This carries out the quarterly policy announced in January 2023; the filing says future dividends remain at the board's discretion.
11 May 2023quarterly activities report● Neutral
UNIT CORP reported a quarterly net income of $134.7 million for the period ended 2023-03-31.
5 Jan 2023dividend declaration▲ GoodMajor
On January 5, 2023 Unit announced a special cash dividend of $10.00 per share, payable January 31, 2023 to holders of record on January 20, and a quarterly dividend policy starting with a first payment of $2.50 per share in the second quarter. Dividends will come from cash on hand, and the filing says future ones are at the board's discretion. This is the first dividend in the filings so far, following the 2020 emergence from bankruptcy.
9 Dec 2022agm notice● Neutral
At its December 6, 2022 annual meeting, Unit stockholders elected two Group 2 directors to terms expiring in 2024 and ratified Grant Thornton LLP as the independent auditor for 2022.
10 Nov 2022quarterly activities report● Neutral
UNIT CORP reported a quarterly net income of $55.8 million for the period ended 2022-09-30.
11 Aug 2022quarterly activities report● Neutral
UNIT CORP filed its quarterly report for the second quarter, covering the period ended June 30, 2022, with updated financial statements.
22 July 2022quarterly activities report● Neutral
UNIT CORP reported a quarterly net income of $80.1 million for the period ended 2022-06-30.
12 May 2022quarterly activities report▼ Bad
UNIT CORP reported a quarterly net loss of $46.9 million for the period ended 2022-03-31.
4 May 2022material agreement● Neutral
On April 29, 2022 Superior Pipeline, owned equally by Unit and SP Investor Holdings, signed a new four-year, $135M secured revolving credit facility with BOKF as agent and several other banks. It can be raised to $200M, replaces Superior's earlier credit agreement (described as 'Amended and Restated'), and Superior must keep its debt-to-earnings ratio at or below 3.50 to 1.00. The debt is Superior's own, not stated to be a direct obligation of Unit.
10 Jan 2022substantial holder notice● Neutral
NYL Investors LLC TIN # disclosed a new substantial UNIT CORP shareholding (6.08% of votes).
9 Dec 2021agm notice● Neutral
Unit Corp held its annual meeting on December 7, 2021. Stockholders elected Steven Hildebrand and Andrei Verona as Group 1 directors for terms expiring in 2023 and ratified Grant Thornton LLP as auditor for 2021.
12 Nov 2021quarterly activities report● Neutral
UNIT CORP reported a quarterly net income of $6.3 million for the period ended 2021-09-30.
16 Aug 2021quarterly activities report● Neutral
Unit Corp filed its quarterly report for the period ended June 30, 2021, which included a share repurchase program begun in June 2021 and corrections to inter-segment eliminations.
13 July 2021quarterly activities report▼ Bad
Unit Corp said its long-term debt was an estimated $35 million at June 30, 2021, and that its board authorized repurchasing up to $25 million of common stock.
21 June 2021agm notice● Neutral
Unit Corp amended its charter by written consent of holders of about 50.5% of shares, removing stockholder-approval requirements and preemptive rights. It repurchased 600,000 shares for $9 million and set its annual meeting for December 7, 2021.
12 May 2021quarterly activities report▼ Bad
Unit Corp filed its quarterly report for the three months ended March 31, 2021, covering its oil and gas, drilling and midstream operations and its exit credit facility.
28 Jan 2021quarterly activities report▼ Bad
Unit Corp filed its quarterly report for the period ended September 30, 2020, covering the predecessor period to August 31 and the successor period from September 1 after emerging from bankruptcy on September 3, 2020.
13 Oct 2020securities registration● Neutral
UNIT CORP amended an already-effective registration statement.
13 Oct 2020securities registration● Neutral
UNIT CORP amended an already-effective registration statement.
13 Oct 2020securities registration● Neutral
UNIT CORP amended an already-effective registration statement.
7 Oct 2020securities registration● Neutral
UNIT CORP amended an already-effective registration statement.
7 Oct 2020securities registration● Neutral
UNIT CORP amended an already-effective registration statement.
18 Sept 2020securities registration● Neutral
UNIT CORP filed notice of an exempt private placement.
10 Sept 2020capital raising announcement▼ BadMajor
On September 3, 2020 Unit's plan took effect and it emerged from Chapter 11. The old common stock was cancelled, the $650M 6.625% subordinated notes were cancelled in exchange for new shares, and the DIP loan was paid in full. Unit signed a new exit credit agreement with BOKF as agent: a $140M revolver and a $40M term loan, maturing March 1, 2024, with $92M of revolver and $40M of term loan drawn on emergence, secured partly by Unit's stake in Superior Pipeline. Old shareholders who did not opt out of releases get warrants over about 1.8 million new shares, exercisable only after all general unsecured claims are resolved, expiring no later than September 3, 2027, and carrying no shareholder rights. Unit filed a Form 15 on September 4 to deregister the old stock.
8 Sept 2020director interest notice● Neutral
UNIT CORP director Robert J Sullivan Jr. disposed of 44,602 shares via option/appreciation-right settlement.
8 Sept 2020director interest notice● Neutral
UNIT CORP President & CEO David T Merrill disposed of 217,818 shares via option/appreciation-right settlement.
8 Sept 2020director interest notice● Neutral
UNIT CORP President, Superior Pipeline Micheal L Hicks disposed of 40,295 shares via option/appreciation-right settlement.
8 Sept 2020director interest notice● Neutral
UNIT CORP SR. V-P, General Counsel Mark E Schell disposed of 368,897 shares via option/appreciation-right settlement.
8 Sept 2020director interest notice● Neutral
UNIT CORP director William B Morgan disposed of 52,102 shares via option/appreciation-right settlement.
8 Sept 2020director interest notice● Neutral
UNIT CORP Sr VP Business Development David P Dunham disposed of 126,523 shares via option/appreciation-right settlement.
