Pioneer Natural Resources (PXD) Misses Q3 EPS by 3c
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Pioneer Natural Resources Reports Third Quarter 2016 Financial and Operating Results
November 1, 2016 4:06 PM EDTDALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE: PXD) (Pioneer or the Company) today reported financial and operating results for the quarter ended September 30, 2016.
Pioneer reported third quarter net income attributable to common stockholders of $22 million, or $0.13 per diluted share. Noncash mark-to-market derivative losses were offset by an income tax benefit attributable to tax credits for research and experimental expenditures related to horizontal drilling and completions innovations, resulting in adjusted income (income after noncash mark-to-market derivative losses and unusual items) also being $22 million after tax, or $0.13 per diluted share.
Third quarter and other recent highlights included:... More
