Pioneer Natural Resources: Q1 Earnings Snapshot
By AP News
Published - Apr 26, 2023, 04:49 PM ET
Last Updated - Jun 22, 2023, 03:21 AM EDT
IRVING, Texas (AP) — IRVING, Texas (AP) — Pioneer Natural Resources Co. (PXD) on Wednesday reported first-quarter profit of $1.22 billion.
The Irving, Texas-based company said it had profit of $5 per share. Earnings, adjusted for non-recurring costs, were $5.21 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $4.90 per share.
The independent oil and gas company posted revenue of $4.54 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $5.11 billion.
