PXD - Pioneer Natural Resources Non-GAAP EPS of $4.49 beats by $0.25 revenue of $4.59B beats by $10M
2023-08-01 16:22:25 ET
- Pioneer Natural Resources press release ( NYSE: PXD ): Q2 Non-GAAP EPS of $4.49 beats by $0.25 .
- Revenue of $4.59B (-33.7% Y/Y) beats by $10M .
- Second quarter oil production averaged 369 thousand barrels of oil per day (MBOPD), near the top end of quarterly guidance
- Second quarter total production averaged 711 thousand barrels of oil equivalent per day (MBOEPD), above the top end of quarterly guidance
- Increased the midpoints of full-year 2023 oil and total production guidance to 369 MBOPD and 707 MBOEPD, respectively
- Reduced the midpoint of full-year 2023 capital 1 guidance by $125 million
- Generated strong second quarter free cash flow of $742 million
- Declared a quarterly base-plus-variable dividend of $1.84 per share and repurchased $124 million of shares during the second quarter (0.6 million shares)
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Pioneer Natural Resources Non-GAAP EPS of $4.49 beats by $0.25, revenue of $4.59B beats by $10M