Unit Corporation: Drilling Division Sale Gives It Plenty Of Cash But Reduces Its Free Cash Flow

Core Insights - Unit Corporation sold its drilling division for $119.7 million in cash at the beginning of October, which is expected to enhance its liquidity position significantly [1] - Projections indicate that Unit Corporation could end 2025 with $180 million in cash if no special dividends are declared [1] Company Overview - Unit Corporation operates in the energy sector and has recently made strategic moves to optimize its financial standing [1] - The company is focusing on value opportunities and distressed plays, particularly within the energy sector [1] Analyst Background - Aaron Chow, known as Elephant Analytics, has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks [1] - Chow co-founded a mobile gaming company that was acquired by PENN Entertainment, showcasing his expertise in analytical and modeling skills [1]