Pioneer Natural Resources: Q1 Earnings Snapshot
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.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PXD at https://www.zacks.com/ap/PXD