Pioneer Natural Resources (PXD) Tops Q1 EPS by 26c

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Go back to Pioneer Natural Resources (PXD) Tops Q1 EPS by 26c

Pioneer Natural Resources Company Reports First Quarter 2019 Financial and Operating Results

May 6, 2019 4:35 PM EDT

DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company (NYSE: PXD) (Pioneer or the Company) today reported financial and operating results for the quarter ended March 31, 2019. Pioneer reported first quarter net income attributable to common stockholders of $350 million, or $2.06 per diluted share. These results include the effects of a net noncash mark-to-market (MTM) derivative loss, a noncash MTM gain on shares received on the sale of the Companys pressure pumping business in December 2018 and certain other unusual items. Excluding these items, non-GAAP adjusted income for the first quarter was $310 million, or $1.83 per diluted share.

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