Earnings (Loss) Per Share (Tables)

9 Months Ended

Sep. 30, 2022

Earnings Per Share [Abstract]

Schedule of Earnings (Loss) Per Share

The tables below show the calculation of earnings (loss) per share attributable to Unit Corporation using the treasury stock method for the periods indicated:

	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
Three months ended September 30, 2022
Basic earnings attributable to Unit Corporation per common share	$	55,818	9,787	$	5.70
Effect of dilutive restricted stock units and stock options (1)	—		178	(0.10)
Diluted earnings attributable to Unit Corporation per common share	$	55,818	9,965	$	5.60
Three months ended September 30, 2021
Basic earnings attributable to Unit Corporation per common share	$	6,295	11,311	$	0.56
Effect of dilutive restricted stock units	—		109	(0.01)
Diluted earnings attributable to Unit Corporation per common share	$	6,295	11,420	$	0.55

1.The diluted earnings per share calculation for the three months ended September 30, 2022 excludes the effects related to 1,822,203 average warrants with a $63.74 exercise price because their inclusion would be antidilutive.

	Earnings (Loss) (Numerator)		Weighted Shares (Denominator)	Per-Share Amount
	(In thousands except per share amounts)
Nine months ended September 30, 2022
Basic earnings attributable to Unit Corporation per common share	$	89,034	9,954	$	8.94
Effect of dilutive restricted stock units and stock options (1)	—		177	(0.15)
Diluted earnings attributable to Unit Corporation per common share	$	89,034	10,131	$	8.79
Nine months ended September 30, 2021
Basic loss attributable to Unit Corporation per common share	$	(8,636)	11,735	$	(0.74)
Effect of dilutive restricted stock units (2)	—		—	—
Diluted loss attributable to Unit Corporation per common share	$	(8,636)	11,735	$	(0.74)

1.The diluted earnings per share calculation for the nine months ended September 30, 2022 excludes the effects related to 361,418 average outstanding stock options with a $45.00 exercise price and 1,822,203 average warrants with a $63.74 exercise price because their inclusion would be antidilutive.

2.The diluted loss per share calculation for the nine months ended September 30, 2021 excludes the effect related to 62,690 average outstanding restricted stock units because their inclusion would be antidilutive.