Unit Corporation Reports 10% Revenue Increase in 2025

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Unit Corporation, a Tulsa-based energy company, reported a 10% increase in revenues from 2024 to 2025 in its recently released fourth quarter and year-end financial results. The company cited higher price realizations for natural gas as the primary driver of revenue growth, as well as a 4% decrease in operating costs due to lower employee expenses in its upstream operations.

Why it matters

Unit Corporation's financial performance provides insight into the state of the energy industry, particularly the natural gas market, in Oklahoma and the surrounding region. The company's results reflect broader trends around commodity prices, operational efficiency, and strategic decisions like the sale of its drilling subsidiary.

The details

Unit Corporation reported that revenues grew 10% from 2024 to 2025, which the company attributed to higher natural gas prices. It also said operating costs decreased 4% during the same period, primarily due to lower employee expenses in its upstream operations. The company also announced the sale of its Unit Drilling Company subsidiary to Cactus Drilling Company for $119.7 million last fall.

• Unit Corporation released its fourth quarter and year-end financial results on March 12, 2026.
• The company sold its Unit Drilling Company subsidiary in the fall of 2025.
• Unit Corporation declared a quarterly cash dividend of $1.25 per share for the first quarter of 2026, to be paid on March 27, 2026 to shareholders of record as of March 17, 2026.

What’s next

Unit Corporation's next quarterly earnings report will be closely watched to see if the company can maintain its revenue growth and cost-cutting momentum.