Earnings (Loss) Per Share

9 Months Ended

Sep. 30, 2020

EARNINGS (LOSS) PER SHARE

Successor

On the Effective Date, the company issued 12.0 million shares of New Common Stock to a trustee to be subsequently distributed in accordance with the Plan.

Information related to the calculation of earnings (loss) per share attributable to the company is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the one month ended September 30, 2020
Basic loss attributable to Unit Corporation per common share	$	(8,968)	12,000	$	(0.75)

Predecessor

Information related to the calculation of earnings (loss) per share attributable to the company is as follows:


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the two months ended August 31, 2020
Basic earnings attributable to Unit Corporation per common share	$	55,131	53,519	$	1.03


For the three months ended September 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(206,886)	52,950	$	(3.91)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(206,886)	52,950	$	(3.91)

The following table shows the number of stock options (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:


	Three Months Ended
	September 30,
	2019
Stock options	42,000
Average exercise price	$	48.56


	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
For the eight months ended August 31, 2020
Basic loss attributable to Unit Corporation per common share	$	(931,012)	53,368	$	(17.45)


For the nine months ended September 30, 2019
Basic loss attributable to Unit Corporation per common share	$	(218,899)	52,814	$	(4.14)
Effect of dilutive stock options and restricted stock	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(218,899)	52,814	$	(4.14)

The following table shows the number of stock options (and their average exercise price) excluded because their option exercise prices were greater than the average market price of our common stock:


	Nine Months Ended
	September 30,
	2019
Stock options	42,000
Average exercise price	$	48.56