UNT News and Press, Unit Corporation

CNX Resources ( CNX ) finally got around to addressing the cash flow issues. Evidently putting out rosy slide shows just did not do the job. Nothing substitutes for cold hard cash when it comes to paying debt. Management finally got around to admitting they did not have the cash by acquiring ...

Q1 earnings was just a few weeks ago, with most oil and gas companies reporting between around the end of April and the first week of May. At the time, West Texas Intermediate (“WTI”) averaged just a touch over $20.00/barrel, with many in the market fearing that storage would so...

Unit Corp. (NYSE: UNT ) says it filed for Chapter 11 bankruptcy protection , handing ownership to subordinated noteholders. More news on: Unit Corporation, Energy stocks news, Read more ...

Operations to Continue as Normal Enters into Restructuring Support Agreement with Certain Creditors Secures Approximately $36 Million in Debtor-in-Possession Financing Unit Corporation (NYSE- UNT) (“the Company”) today announced that it has filed voluntary peti...

Unit Corp. (NYSE: UNT ) discloses it did not to make the $21.5M semi-annual interest payment that was due May 15 on its 6.625% senior subordinated notes due 2021. More news on: Unit Corporation, Energy stocks news, Read more ...

Shale driller Unit Corp. (NYSE: UNT ) is planning to file for Chapter 11 bankruptcy, and is working with restructuring advisers from Opportune and Vinson & Elkins, WSJ reports. More news on: Unit Corporation, Energy stocks news, Read more ...

Unit Corporation (the “Company” or “Unit”) elected to terminate its offer to exchange (the “Exchange Offer”) any and all of its outstanding 6.625% Senior Subordinated Notes due 2021 (CUSIP No. 909218AB5 / ISIN US909218AB56) (the “Old Notes ...

The coronavirus outbreak and the effects of COVID-19 have gone deeper and wider than most people would have expected. That applies just as much to markets as anywhere. Whether it's a tech sector that is supporting our new work from home or re-rating as expensive EV/Sales multiples make less se...

Unit Corp. ( UNT -1.6% ) discloses substantial doubt about its ability to continue operating after failing to raise capital to refinance notes, and is in discussions with lenders regarding a possible restructuring, according to a 10-K filing . More news on: Unit Corporation, Energy stoc...

Unit (NYSE: UNT ): Q4 Non-GAAP EPS of -$0.67 misses by $0.42 ; GAAP EPS of -$6.33 misses by $6.10 . More news on: Unit Corporation, Earnings news and commentary, Energy stocks news, , Read more ...