Unit Corporation
Unit Corporation, together with its subsidiaries, engages in the exploration, acquisition, development, and production of oil and natural gas properties in the United States. The company operates through Oil and Natural Gas and Contract Drilling segments. The Oil and Natural Gas segment explores for, acquires, develops, and produces oil and natural gas properties. The Contract Drilling segment is… Read more
Unit Corporation (UNTC) - Net Assets
Latest net assets as of September 2025: $232.78 Million USD
Based on the latest financial reports, Unit Corporation (UNTC) has net assets worth $232.78 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($309.46 Million) and total liabilities ($76.68 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $232.78 Million |
| % of Total Assets | 75.22% |
| Annual Growth Rate | 3.94% |
| 5-Year Change | -45.37% |
| 10-Year Change | -82.3% |
| Growth Volatility | 23.83 |
Unit Corporation - Net Assets Trend (1985–2024)
This chart illustrates how Unit Corporation's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Unit Corporation (1985–2024)
The table below shows the annual net assets of Unit Corporation from 1985 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $232.52 Million | -8.50% |
| 2023-12-31 | $254.13 Million | -29.92% |
| 2022-12-31 | $362.63 Million | -9.27% |
| 2021-12-31 | $399.67 Million | -6.09% |
| 2020-12-31 | $425.59 Million | -50.16% |
| 2019-12-31 | $853.88 Million | -46.41% |
| 2018-12-31 | $1.59 Billion | +18.42% |
| 2017-12-31 | $1.35 Billion | +12.69% |
| 2016-12-31 | $1.19 Billion | -9.10% |
| 2015-12-31 | $1.31 Billion | -43.68% |
| 2014-12-31 | $2.33 Billion | +7.32% |
| 2013-12-31 | $2.17 Billion | +10.08% |
| 2012-12-31 | $1.97 Billion | +1.40% |
| 2011-12-31 | $1.95 Billion | +13.82% |
| 2010-12-31 | $1.71 Billion | +9.25% |
| 2009-12-31 | $1.57 Billion | -4.12% |
| 2008-12-31 | $1.63 Billion | +13.82% |
| 2007-12-31 | $1.43 Billion | +23.90% |
| 2006-12-31 | $1.16 Billion | +38.36% |
| 2005-12-31 | $836.96 Million | +37.60% |
| 2004-12-31 | $608.27 Million | +17.93% |
| 2003-12-31 | $515.77 Million | +22.40% |
| 2002-12-31 | $421.37 Million | +50.94% |
| 2001-12-31 | $279.16 Million | +30.12% |
| 2000-12-31 | $214.54 Million | +24.81% |
| 1999-12-31 | $171.90 Million | +54.45% |
| 1998-12-31 | $111.30 Million | +2.20% |
| 1997-12-31 | $108.90 Million | +39.26% |
| 1996-12-31 | $78.20 Million | +38.16% |
| 1995-12-31 | $56.60 Million | +7.60% |
| 1994-12-31 | $52.60 Million | +10.04% |
| 1993-12-31 | $47.80 Million | +9.13% |
| 1992-12-31 | $43.80 Million | +3.06% |
| 1991-12-31 | $42.50 Million | +11.55% |
| 1990-12-31 | $38.10 Million | +2.42% |
| 1989-12-31 | $37.20 Million | -3.63% |
| 1988-12-31 | $38.60 Million | -3.74% |
| 1987-12-31 | $40.10 Million | -19.32% |
| 1986-12-31 | $49.70 Million | -3.50% |
| 1985-12-31 | $51.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Unit Corporation's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 54.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $47.43 Million | 20.40% |
| Common Stock | $123.00K | 0.05% |
| Other Components | $184.97 Million | 79.55% |
| Total Equity | $232.52 Million | 100.00% |
Unit Corporation Competitors by Market Cap
The table below lists competitors of Unit Corporation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Horizon Kinetics Holding Corporation
PINK:HKHC
|
$253.01 Million |
|
TCM Biotech International Corp.
TWO:4169
|
$253.04 Million |
|
Zhejiang Kaier New Materials
SHE:300234
|
$253.05 Million |
|
Fluxys Belgium
BR:FLUX
|
$253.06 Million |
|
Grand Korea Leisure Co. Ltd
KO:114090
|
$252.74 Million |
|
Refrigeration Electrical Engineering Corp
VN:REE
|
$252.74 Million |
|
Bigcommerce Holdings Inc
NASDAQ:BIGC
|
$252.73 Million |
|
RattanIndia Power Limited
NSE:RTNPOWER
|
$252.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Unit Corporation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 254,126,000 to 232,521,000, a change of -21,605,000 (-8.5%).
- Net income of 47,245,000 contributed positively to equity growth.
- Dividend payments of 71,749,000 reduced retained earnings.
- Share repurchases of 3,304,000 reduced equity.
- Other factors increased equity by 6,203,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $47.24 Million | +20.32% |
| Dividends Paid | $71.75 Million | -30.86% |
| Share Repurchases | $3.30 Million | -1.42% |
| Other Changes | $6.20 Million | +2.67% |
| Total Change | $- | -8.50% |
Book Value vs Market Value Analysis
This analysis compares Unit Corporation's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.11x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.72x to 1.11x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $6.99 | $26.00 | x |
| 1986-12-31 | $5.62 | $26.00 | x |
| 1987-12-31 | $1.95 | $26.00 | x |
| 1988-12-31 | $1.93 | $26.00 | x |
| 1989-12-31 | $1.86 | $26.00 | x |
| 1990-12-31 | $1.91 | $26.00 | x |
| 1991-12-31 | $2.05 | $26.00 | x |
| 1992-12-31 | $1.99 | $26.00 | x |
| 1993-12-31 | $2.21 | $26.00 | x |
| 1994-12-31 | $2.50 | $26.00 | x |
| 1995-12-31 | $2.67 | $26.00 | x |
| 1996-12-31 | $3.42 | $26.00 | x |
| 1997-12-31 | $4.41 | $26.00 | x |
| 1998-12-31 | $4.28 | $26.00 | x |
| 1999-12-31 | $5.64 | $26.00 | x |
| 2000-12-31 | $5.93 | $26.00 | x |
| 2001-12-31 | $7.69 | $26.00 | x |
| 2002-12-31 | $10.86 | $26.00 | x |
| 2003-12-31 | $11.82 | $26.00 | x |
| 2004-12-31 | $13.27 | $26.00 | x |
| 2005-12-31 | $18.12 | $26.00 | x |
| 2006-12-31 | $24.93 | $26.00 | x |
| 2007-12-31 | $30.76 | $26.00 | x |
| 2008-12-31 | $34.81 | $26.00 | x |
| 2009-12-31 | $33.32 | $26.00 | x |
| 2010-12-31 | $36.05 | $26.00 | x |
| 2011-12-31 | $40.60 | $26.00 | x |
| 2012-12-31 | $41.00 | $26.00 | x |
| 2013-12-31 | $44.75 | $26.00 | x |
| 2014-12-31 | $47.52 | $26.00 | x |
| 2015-12-31 | $26.75 | $26.00 | x |
| 2016-12-31 | $23.87 | $26.00 | x |
| 2017-12-31 | $26.00 | $26.00 | x |
| 2018-12-31 | $26.76 | $26.00 | x |
| 2019-12-31 | $16.16 | $26.00 | x |
| 2020-12-31 | $14.94 | $26.00 | x |
| 2021-12-31 | $16.27 | $26.00 | x |
| 2022-12-31 | $36.13 | $26.00 | x |
| 2023-12-31 | $25.85 | $26.00 | x |
| 2024-12-31 | $23.36 | $26.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Unit Corporation utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.88%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 1.24x
- Recent ROE (20.32%) is above the historical average (-9.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | -5.44% | -6.09% | 0.46x | 1.93x | $-7.95 Million |
| 1986 | -16.90% | -32.06% | 0.29x | 1.83x | $-13.37 Million |
| 1987 | -88.78% | -124.48% | 0.51x | 1.40x | $-39.61 Million |
| 1988 | -4.15% | -5.11% | 0.48x | 1.68x | $-5.46 Million |
| 1989 | -4.30% | -4.07% | 0.51x | 2.05x | $-5.32 Million |
| 1990 | 1.57% | 0.96% | 0.72x | 2.27x | $-3.21 Million |
| 1991 | 6.82% | 4.15% | 0.76x | 2.17x | $-1.35 Million |
| 1992 | 2.51% | 1.96% | 0.63x | 2.03x | $-3.28 Million |
| 1993 | 8.16% | 5.41% | 0.75x | 2.00x | $-880.00K |
| 1994 | 9.13% | 5.50% | 0.78x | 2.14x | $-460.00K |
| 1995 | 7.07% | 7.53% | 0.48x | 1.96x | $-1.66 Million |
| 1996 | 10.61% | 11.51% | 0.52x | 1.76x | $480.00K |
| 1997 | 10.19% | 12.08% | 0.45x | 1.86x | $210.00K |
| 1998 | 1.98% | 2.36% | 0.42x | 2.00x | $-8.93 Million |
| 1999 | 0.87% | 1.54% | 0.34x | 1.65x | $-15.69 Million |
| 2000 | 16.01% | 17.16% | 0.58x | 1.61x | $12.89 Million |
| 2001 | 22.48% | 24.22% | 0.62x | 1.49x | $34.85 Million |
| 2002 | 4.33% | 9.72% | 0.32x | 1.37x | $-23.89 Million |
| 2003 | 9.73% | 16.59% | 0.42x | 1.38x | $-1.39 Million |
| 2004 | 14.84% | 17.39% | 0.51x | 1.68x | $29.45 Million |
| 2005 | 25.38% | 23.99% | 0.61x | 1.74x | $128.75 Million |
| 2006 | 26.96% | 26.86% | 0.62x | 1.62x | $196.37 Million |
| 2007 | 18.56% | 22.98% | 0.53x | 1.53x | $122.78 Million |
| 2008 | 8.79% | 10.58% | 0.53x | 1.58x | $-19.68 Million |
| 2009 | -3.54% | -7.82% | 0.32x | 1.42x | $-212.08 Million |
| 2010 | 8.56% | 16.61% | 0.33x | 1.56x | $-24.58 Million |
| 2011 | 10.06% | 16.21% | 0.37x | 1.67x | $1.17 Million |
| 2012 | 1.17% | 1.76% | 0.35x | 1.91x | $-174.25 Million |
| 2013 | 8.50% | 13.67% | 0.34x | 1.85x | $-32.59 Million |
| 2014 | 5.84% | 8.66% | 0.35x | 1.92x | $-96.96 Million |
| 2015 | -78.97% | -121.44% | 0.30x | 2.14x | $-1.17 Billion |
| 2016 | -11.36% | -22.52% | 0.24x | 2.08x | $-255.03 Million |
| 2017 | 8.76% | 15.93% | 0.29x | 1.92x | $-16.71 Million |
| 2018 | -3.26% | -5.37% | 0.31x | 1.94x | $-184.38 Million |
| 2019 | -64.86% | -82.09% | 0.32x | 2.45x | $-639.22 Million |
| 2020 | -529.60% | -231.23% | 0.63x | 3.63x | $-967.07 Million |
| 2021 | 25.73% | 7.55% | 1.01x | 3.36x | $29.48 Million |
| 2022 | 40.92% | 27.20% | 1.16x | 1.29x | $112.11 Million |
| 2023 | 97.96% | 76.06% | 1.01x | 1.27x | $223.53 Million |
| 2024 | 20.32% | 19.88% | 0.82x | 1.24x | $23.99 Million |
Industry Comparison
This section compares Unit Corporation's net assets metrics with peer companies in the Oil & Gas Integrated industry.
Industry Context
- Industry: Oil & Gas Integrated
- Average net assets among peers: $24,963,516,215
- Average return on equity (ROE) among peers: -14.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Unit Corporation (UNTC) | $232.78 Million | -5.44% | 0.33x | $252.89 Million |
| Bedford Energy Inc (BFDE) | $270.56K | 33.19% | 3.36x | $0.95 |
| Brinx Resources Ltd (BNXR) | $2.54 Million | -30.13% | 0.01x | $1.97K |
| BP p.l.c (BPAQF) | $112.64 Billion | 3.36% | 1.52x | $69.85 Billion |
| Crown LNG Holdings Limited Ordinary Shares (CGBS) | $19.26K | -29.83% | 3.48x | $16.80K |
| Crown LNG Holdings Limited Warrants (CGBSW) | $14.89 Million | -181.71% | 1.10x | $834.21K |
| CNVEF (CNVEF) | $29.77 Billion | 10.55% | 0.90x | $18.53 Billion |
| Cenovus Energy Inc (CVE) | $29.77 Billion | 10.55% | 0.90x | $36.85 Billion |
| Chevron Corp (CVX) | $77.29 Billion | 24.18% | 0.92x | $367.06 Billion |
| Diversified Energy Company plc (DEC) | $89.66 Million | 9.90% | 1.55x | $965.92 Million |
| ECA Marcellus Trust I Unit (ECTM) | $55.79 Million | 6.23% | 0.02x | $4.93K |