XML 19 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues:    
Revenues $ 93,929 $ 188,365
Operating costs:    
Operating costs 44,036 112,100
Depreciation, depletion, and amortization 3,891 11,270
General and administrative 5,090 6,526
Total operating expenses 49,264 127,721
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent, Total 44,665 60,644
Other income (expense):    
Interest income 1,757 10
Interest expense 39 274
Gain (loss) on derivatives, net 13,595 (64,076)
Loss on change in fair value of warrants 0 (36,612)
Gain (loss) on disposition of business 0 (13,141)
Reorganization Items (81) (3)
Other, net 107 747
Total other income (expense) 15,339 (113,349)
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 60,004 (52,705)
Income tax expense (benefit), net:    
Current 190 0
Deferred (74,836) 0
Total income taxes (74,646) 0
Net income 134,650 (52,705)
Net loss attributable to non-controlling interests (Note 15) 0 (5,828)
Net income (loss) attributable to Unit Corporation $ 134,650 $ (46,877)
Net income (loss) attributable to Unit Corporation per common share (Note 7):    
Basic $ 13.93 $ (4.66)
Diluted $ 13.75 $ (4.66)
Gain (Loss) on Disposition of Assets $ (3,753) $ (2,175)
Oil and natural gas    
Revenues:    
Revenues 48,026 76,810
Operating costs:    
Operating costs 17,164 23,475
Contract drilling    
Revenues:    
Revenues 45,903 28,882
Operating costs:    
Operating costs 26,872 26,237
Gas gathering and processing    
Revenues:    
Revenues 0 82,673
Operating costs:    
Operating costs $ 0 $ 62,388