Unit Altman Z-Score

What does Unit do? Unit Corp generates revenue through its three business segments: Oil and Natural Gas, Contract Drilling, and Mid-Stream. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties for its own account, selling the output to energy markets. The Contract Drilling segment drills onshore oil and natural gas wells for third parties and its own use, charging per-well or per-hour fees. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas for third parties and its own account, earning margins on gas transactions and processing services. Key markets include Oklahoma, Texas, Arkansas, Kansas, and North Dakota, where the company holds producing properties and assets. The company's primary customers are energy companies and industrial buyers who purchase oil and natural gas from its Oil and Natural Gas segment. Third-party clients in the energy sector utilize the Contract Drilling segment's services for well construction. Mid-Stream services are sold to gas distributors and energy firms requiring gas processing and transportation. All segments operate within the oil and gas industry, focusing on U.S. onshore operations in the specified states. Revenue streams are derived from the sale of produced oil and gas, drilling services for external clients, and gas processing and transportation fees. The Mid-Stream segment's activities include treating natural gas to meet quality standards before sale, adding value through processing. The Contract Drilling segment's services are contracted on a project basis, with fees varying based on well depth and complexity. The Oil and Natural Gas segment's production is sold under long-term contracts with energy buyers. Unit is one of the most popular companies on Eulerpool.