Private company

UNIT CORP

UNIT CORP is an American crude petroleum and natural gas company based in Tulsa.2

Last updated Oct 20, 2026.

Overview

  • IndustryCrude Petroleum & Natural Gas2
  • HeadquartersTulsa, United States2
  • Incorporated inDE3
  • Business address8200 South Unit Drive, Tulsa, Ok 741323
  • Filer categoryNon-accelerated filer3
  • Legal formCorporation2
  • LEI549300XGK22FZCTN8B672
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O THE PRENTICE-HALL CORPORATION SYSTEM, INC., 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 20974062

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

27.2%Net margin4
-14.6%Revenue growth, 20225
40.9%Return on equity5
0.00×Debt to equity5
$129.0MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Other costs73¢$396.3M
  • Interest0¢$447.0K
  • Income tax0¢$333.0K
  • Profit27¢$148.4M

Out of $545.5M in revenue.54

Where each dollar of operating cash went, fiscal 2022

  • Capital spending19¢$30.4M
  • Share buybacks17¢$27.4M
  • Kept or used elsewhere64¢$101.6M

Out of $159.4M of cash from operations.5

Financial statements

Revenue6785$545.5M in 2022−9% since 2016
0$250.0M$500.0M$750.0M$1.0B2016: $602.2M$602.2M20162017: $739.6M$739.6M2017+23%2018: $843.3M$843.3M2018+14%2019: $674.6M$674.6M2019−20%2021: $638.7M$638.7M2021−5%2022: $545.5M$545.5M2022−15%
Net income6784$148.4M in 2022
-$600.0M-$400.0M-$200.0M0$200.0M2016: -$135.6M-$135.6M20162017: $117.8M$117.8M20172018: -$45.3M-$45.3M20182019: -$553.9M-$553.9M2019+1123%2021: $60.6M$60.6M20212022: $148.4M$148.4M2022+145%
Fiscal year2016201720182019202020212022
Revenue$602.2M6$739.6M7$843.3M7$674.6M8$638.7M5$545.5M5
Operating expenses$450.6M10$301.5M5
Operating income
Interest$4.3M5$447.0K5
Income before tax$48.4M5$142.9M5
Income tax-$71.2M6-$57.7M7-$14.0M7-$132.3M8$173.0K5$333.0K5
Net income-$135.6M6$117.8M7-$45.3M7-$553.9M8$60.6M4$148.4M4
Earnings per share-$2.716$2.317-$0.877-$10.488$5.325$15.035
Earnings per share (diluted)-$2.716$2.287-$0.877-$10.488$5.265$14.785
Shares (weighted, basic)11.4M shares59.9M shares5
Shares (weighted, diluted)11.5M shares1010.0M shares5

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Corporate structure

UNIT CORP sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of UNIT CORP

  • RBC Global Asset Management Inc. Filed SC 13G/A on UNIT CORP, latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • NYL Investors LLC Filed SC 13G on UNIT CORP, latest Jan 10, 2022
  • UNIT CORP Tulsa, Oklahoma, United States
    • SUPERIOR MIDSTREAM, LLC Subsidiary · Tulsa, Oklahoma, United States
    • UNIT PETROLEUM COMPANY Subsidiary · Tulsa, Oklahoma, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What UNIT CORP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Land$010 Dec 31, 2021$32.6M10 Dec 31, 2020−100.0%
Machinery and equipment$2.6M5 Dec 31, 2022$4.5M5 Dec 31, 2021−42.2%
Property and equipment, before depreciation$271.9M5 Dec 31, 2022$579.4M5 Dec 31, 2021−53.1%
Accumulated depreciation$96.6M5 Dec 31, 2022$128.9M5 Dec 31, 2021−25.0%
Property and equipment, net$175.3M5 Dec 31, 2022$450.5M5 Dec 31, 2021−61.1%
Finance-lease assets$010 Dec 31, 2021$7.3M10 Dec 31, 2020−100.0%
Operating-lease assets (leased space)$6.6M5 Dec 31, 2022$12.4M5 Dec 31, 2021−47.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$214.0M5 Dec 31, 2022$64.1M5 Dec 31, 2021+233.6%
Stakes in other companies (equity method)$1.7M5 Dec 31, 2022$05 Dec 31, 2021

Leadership

Who has led UNIT CORP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John G. Nikkel2006–2007
  2. Larry D. Pinkston2008–2020
  3. David T. Merrill2020

President

  1. Larry D. Pinkston2006–2020
  2. Micheal L. Hicks2020
  3. David T. Merrill2020

Chief financial officer

  1. David T. Merrill2006–2018
  2. George Leslie Austin2017–2020

Chief operating officer

  1. David T. Merrill2018–2020
2010201520202025
Board members and other officers (18)

Timeline

  1. Aug 10, 20238-K Regulation FD disclosure37
  2. Jun 1, 20238-K Regulation FD disclosure38
  3. Mar 22, 20238-K Regulation FD disclosure39
  4. Mar 1, 20238-K Executive or director change40
  5. Feb 15, 20238-K Other events41
  6. Jan 5, 20238-K Regulation FD disclosure42
  7. Dec 9, 20228-K Shareholder vote43
  8. Jul 22, 20228-K Results of operations44
  9. Jul 6, 20228-K Executive or director change45
  10. Jun 10, 20228-K Regulation FD disclosure46
  11. May 4, 20228-K Entered a material agreement47
  12. Apr 12, 20228-K Other events48
  13. Sep 8, 2020New chief executive David T. Merrill becomes CEO14
  14. May 21, 2008New chief executive Larry D. Pinkston becomes CEO15
  15. Feb 15, 2006New chief executive John G. Nikkel becomes CEO16
  16. Jul 28, 1986Founded UNIT CORP is founded2

Calendar

When it reported results

  1. Jul 22, 2022Reported quarterly or annual results44

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

27 filings to the SEC since October 2021: 2 annual reports, 5 quarterly reports, 17 major events, 3 large holders. The latest 20:

  1. Feb 14, 2024SC 13G/A AMENDMENT NO. 1 EDGAR
  2. Aug 10, 20238-K EDGAR
  3. Jun 1, 20238-K EDGAR
  4. May 11, 202310-Q EDGAR
  5. Mar 22, 20238-K EDGAR
  6. Mar 17, 202310-K EDGAR
  7. Mar 1, 20238-K EDGAR
  8. Feb 15, 20238-K EDGAR
  9. Feb 14, 2023SC 13G EDGAR
  10. Jan 5, 20238-K EDGAR
  11. Dec 9, 20228-K EDGAR
  12. Nov 10, 202210-Q EDGAR
  13. Aug 11, 202210-Q EDGAR
  14. Jul 22, 20228-K EDGAR
  15. Jul 6, 20228-K EDGAR
  16. Jun 10, 20228-K EDGAR
  17. May 12, 202210-Q EDGAR
  18. May 4, 20228-K EDGAR
  19. Apr 12, 20228-K EDGAR
  20. Mar 31, 202210-K EDGAR

The 27 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How UNIT CORP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARUNIT CORP1
  • CIK0000798949
  • Employer ID (EIN)73-12831931
  • Filer statusNon-accelerated filer1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address8200 South Unit Drive, Tulsa, OK 741321
  • Phone91849377001
  • Shares outstanding9,633,428 as of May 11, 20234
  • Public float$328.8M as of Jun 30, 20225
  • On EDGAR sinceFeb 24, 19951
  • Filings1,570 in all: 4 (788), 8-K (250), 10-Q (85), SC 13G/A (85), 5 (54), SC 13G (37), 10-K (29), 4/A (29)1
    All 49 form types

    DEF 14A (25), 3 (20), 11-K (17), UPLOAD (15), ARS (14), S-8 (10), S-8 POS (10), 424B3 (9), 10-K/A (8), CORRESP (8), 424B5 (7), EFFECT (7), 8-K/A (6), POS AM (6), S-3 (6), 10-Q/A (3), 425 (3), S-3/A (3), S-3ASR (3), S-4 (3), S-4/A (3), 3/A (2), 8-A12B/A (2), DEFA14A (2), POSASR (2), PRE 14A (2), REGDEX (2), S-3DPOS (2), 11-K/A (1), 15-12G (1), 25-NSE (1), 305B2 (1), 424B2 (1), 8-A12B (1), D (1), DEL AM (1), FWP (1), NT 10-Q (1), RW (1), SC 13D (1), SC 13D/A (1)

  • Latest filingsAnnual report (10-K) Mar 17, 2023
    Quarterly report (10-Q) May 11, 2023
    Proxy statement (DEF 14A) Mar 26, 2019
    Latest 8-K (8-K) Aug 10, 2023

Sources

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