Pioneer Natural Resources Co.(PXD) reported that its second-quarter net loss attributable to common stockholders was $70.39 million, compared to net income of $245.58 million in the same quarter last year. On a per share basis, net loss was $0.57, compared to net income of $2.03 last year.
Adjusted income excluding unrealized MTM derivative gains and unusual items for the latest-quarter was $97.77 million or $0.78 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues and other income for the quarter rose to $924.73 million from $805.19 million in the prior year quarter. Seventeen analysts had consensus revenue estimate of $726.98 million for the quarter.
For the third-quarter, Production is forecasted to average 155 MBOEPD to 159 MBOEPD. Production costs are expected to average $13.50 to $15.50 per BOE, based on current NYMEX strip commodity prices. DD&A expense is expected to average $13.00 to $15.00 per BOE. Total exploration and abandonment expense is forecasted to be $25 million to $40 million.
The company raised its annual production growth target range for 2012 to 25% - 29% from 23% - 25%, as strong drilling and well performance is expected to outweigh continuing ethane rejection and a decrease in drilling activity over the remainder of 2012.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.