Pioneer Natural Resources Co.

+5.26 (+3.46%)
4:00:00 PM EDT: $157.10 -0.03 (-0.02%)
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Pioneer Natural Resources Reports Q1 2021 Financial And Operating Results

Published: 05/04/2021 20:40 GMT
Pioneer Natural Resources Co. (PXD) - Pioneer Natural Resources Reports First Quarter 2021 Financial and Operating Results.
Q1 Adjusted Non-GAAP Earnings per Share $1.77 Excluding Items.
Q1 Loss per Share $0.33.
Averaged Q1 Oil Production of 281 Thousand Barrels of Oil per Day.
Averaged Q1 Production of 474 Thousand Barrels of Oil Equivalent per Day (mboepd).
For 2022, Company Expects to Distribute Up to 50% of 2021 Free Cash Flow, After Payment of Base Dividends.
Expects Its 2021 Drilling, Completions and Facilities Capital Budget to Range Between $2.95 Billion to $3.25 Billion.
Sees Total 2021 Capital Budget Range of $3.1 Billion to $3.4 Billion.
Expects 2021 Oil Production of 351 to 366 Mbopd and Total Production of 605 to 631 Mboepd.
During 2021, Company Plans to Operate an Average of 22 to 24 Horizontal Drilling Rigs in Permian Basin.
Q2 2021 Oil Production is Forecasted to Average Between 352 to 367 Mbopd.
Qtrly Total Revenues and Other Income $2,444 Million Versus $2,260 Million.
Q1 Earnings per Share View $1.45, Revenue View $1.49 Billion -- Refinitiv Ibes Data (analyst estimates).