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Unit Q3 net income decreases

Posted on: Thu, 05 Nov 2009 09:38:00 EST

Symbols: UNT

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Nov 05, 2009 (Datamonitor via COMTEX) --
UNT | Quote | Chart | News | PowerRating -- Unit Corporation, a contract drilling company, has reported a net income of $31.4 million, or $0.66 per diluted share, for the third quarter ended September 30, 2009, compared to $92.3 million, or $1.96 per diluted share, for the same period of 2008.

The company has reported total revenues of $167.4 million for the third quarter ended September 30, 2009, compared to $375.6 million for the same quarter of 2008.

For the first nine months of 2009, Unit has reported a net loss of $84 million, or $1.79 per diluted share, compared to a net income of $263.5 million, or $5.61 per diluted share, for the corresponding period of 2008.

Year-to-date total revenues were $532.6 million, compared to $1.1 billion for the first nine months of 2008.

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