Unit Corporation reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported revenue was USD 134.55 million compared to USD 134.06 million a year ago. Net income was USD 80.09 million compared to net loss of USD 12.99 million a year ago. Basic earnings per share from continuing operations was USD 7.99 compared to basic loss per share from continuing operations of USD 1.09 a year ago. Diluted earnings per share from continuing operations was USD 7.82 compared to diluted loss per share from continuing operations of USD 1.09 a year ago.
For the six months, revenue was USD 322.92 million compared to USD 254.95 million a year ago. Net income was USD 33.22 million compared to net loss of USD 14.93 million a year ago. Basic earnings per share from continuing operations was USD 3.31 compared to basic loss per share from continuing operations of USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 3.25 compared to diluted loss per share from continuing operations of USD 1.25 a year ago.