Pioneer Natural Resources Reports Q1 Adj. EPS Of $1.26 - Quick Facts

(RTTNews) - Pioneer Natural Resources Company (PXD) reported first-quarter net income to stockholders of $123 million, or $0.85 per share. Without the effect of noncash derivative mark-to-market losses and other unusual items, adjusted income for the first quarter was $183 million after tax, or $1.26 per share.

Net income to stockholders was $101 million or $0.75 per share, in the first quarter of prior year. Income per share from continuing operations was $1.03, compared to $0.63, prior year.

On average, 36 analysts polled by Thomson Reuters expected the company to report profit per share of $1.06 for the quarter. Analysts' estimates typically exclude special items.

Oil and gas revenues increased to $910 million from $729 million. Revenues and other income was $963 million compared to $767 million. Analysts expected revenue of $867.71 million. Sales volumes from continuing operations for the first quarter of 2014 averaged 172 MBOEPD.

The company expects its second-quarter production to average 173 MBOEPD to 178 MBOEPD.