Tuesday, Pioneer Natural Resources Co. (PXD) reported fourth-quarter net income attributable to common stockholders of $56.66 million or $0.48 per share, compared to a loss of $69.40 million or $0.60 per share in the same quarter last year.
On an adjusted basis, income for the quarter was $95 million or $0.80 per share.
Loss from continuing operations for the quarter was $22.0 million or $0.18 per share, compared to a loss of $45.18 million or $0.44 per share in the year ago quarter.
On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.05 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue and other income for the quarter was $463.69 million, down from $468.80 million in the comparable quarter last year. Analysts expected the company to report revenue of $408.54 million for the quarter.
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