GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Unit Corp (OTCPK:UNTCW) » Definitions » Net Income

Unit (UNTCW) Net Income : $248.94 Mil (TTM As of Dec. 2023)


View and export this data going back to 2022. Start your Free Trial

What is Unit Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Unit's Net Income for the three months ended in Dec. 2023 was $57.44 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $248.94 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Unit's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $.


Unit Net Income Historical Data

The historical data trend for Unit's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Unit Net Income Chart

Unit Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only -553.88 - 60.65 148.37 248.94

Unit Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.34 134.65 28.02 28.84 57.44

Unit Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Unit's Net Income for the fiscal year that ended in Dec. 2023 is calculated as

Net Income(A: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=203.429+45.51+0+0
=248.94

Unit's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=58.671+-1.234+0+0
=57.44

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $248.94 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Unit  (OTCPK:UNTCW) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Unit's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Unit Net Income Related Terms

Thank you for viewing the detailed overview of Unit's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Unit (UNTCW) Business Description

Traded in Other Exchanges
Address
8200 South Unit Drive, Tulsa, OK, USA, 74132
Unit Corp is an oil and natural gas contract drilling company. The company is also in exploration and production and mid-stream areas. There are three segments which include Oil and Natural gas, Contract Drilling and Mid-stream. The oil and natural gas segment is engaged in the development, acquisition, and production of oil, NGLs, and natural gas properties. The contract drilling segment is engaged in the land contract drilling of oil and natural gas wells and the mid-stream segment is engaged in the buying, selling, gathering, processing, and treating of natural gas. Majority of revenue is generated from Oil and Natural Gas.

Unit (UNTCW) Headlines

From GuruFocus

Unit Corporation Elects to Terminate Exchange Offer

By Business Wire Business Wire 03-27-2020

Unit Corp. (UNT) President and CEO Larry D Pinkston sells 20,000 Shares

By GuruFocus Research GuruFocus Editor 09-18-2009

Unit Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 08-05-2010

Top 5 2nd Quarter Trades of VALUEWORKS LLC

By GuruFocus Research GuruFocus Editor 08-14-2022

Royce Funds Comments on Unit Corp

By Holly LaFon Holly LaFon 03-16-2016

Unit Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 05-04-2010

Royce Funds Comments on Unit Corp

By Holly LaFon Holly LaFon 03-15-2016

Unit Corp. Reports Operating Results (10-Q)

By gurufocus 05-06-2009

Unit Corp. Reports Operating Results (10-Q)

By gurufocus 10qk 11-03-2009