Unit Corporation Reports Q4 EPS of $0.92 vs. $0.89

Unit Corporation UNT reported net income of $43.7 million, or $0.92 per diluted share, for the three months ended December 31, 2010. For the same period in 2009, net income was $28.5 million, or $0.60 per diluted share. Total revenues for the fourth quarter of 2010 were $252.6 million (39% contract drilling, 45% oil and natural gas, and 16% mid-stream), compared to $177.3 million (27% contract drilling, 51% oil and natural gas, and 21% mid-stream) for the fourth quarter of 2009.