Pioneer Nat Stock Price, News & Analysis

Pioneer Natural Resources Company (NYSE:PXD) has priced a public offering of $1.1 billion of 5.100% Senior Notes, maturing on March 29, 2026. The company plans to utilize net proceeds for general corporate purposes, including the repayment of outstanding 0.550% Senior Notes due 2023. Interest on the notes will be payable bi-annually, with the first payment due on September 29, 2023. The offering is set to close on March 29, 2023, pending customary closing conditions.

Hi-Crush Inc. has entered into an agreement with Pioneer Natural Resources (NYSE:PXD) to deploy its sixth OnCore mobile mining unit in the Midland Basin. This marks Hi-Crush's second deployment for Pioneer, following the successful operation of OnCore #4 since September 2022. The OnCore units produce damp sand for frac sand supply, significantly reducing costs and emissions by moving the mining process closer to the wellsites. Dirk Hallen, CEO of Hi-Crush, emphasized the relationship's success, highlighting improved efficiency and cost savings for Pioneer.

Pioneer Natural Resources Company (NYSE:PXD) will hold its 2023 Annual Meeting of Stockholders on May 25, 2023, at 8 a.m. Central Time in a virtual-only format. Stockholders entitled to vote will be determined as of March 30, 2023. The Company plans to file its proxy statement in April, detailing how stockholders can access the virtual meeting and vote their shares. Pioneer is a leading independent oil and gas exploration and production company based in Dallas, Texas, focusing its operations in the United States.

Pioneer Natural Resources Company (NYSE:PXD), based in Dallas, Texas, has announced it is not pursuing any significant business combination or acquisition transactions at this time. This decision indicates a focus on its current operations and possibly a strategy to strengthen its core business amidst market fluctuations. Pioneer is a major player in the U.S. oil and gas exploration and production sector.

Pioneer Natural Resources (NYSE:PXD) reported a robust financial performance for Q4 and the full year 2022, with net income of $1.5 billion for Q4 and $7.8 billion for the year. Notable metrics include cash flow from operations of $2.6 billion in Q4 and $11.3 billion for the year, generating free cash flow of $1.7 billion and $8.4 billion respectively. Pioneer declared a quarterly dividend of $5.58 per share and repurchased $400 million of shares in Q4. The company expects to invest $4.45 billion to $4.75 billion in 2023, with projected oil production of 357 to 372 MBOPD. Proved reserves increased by 365 MMBOE in 2022, achieving a 152% replacement ratio.

Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly base-plus-variable cash dividend of $5.58 per common share. This dividend will be payable on March 17, 2023, to stockholders of record by the close of business on March 6, 2023. The decision regarding future dividends remains at the Board's discretion, influenced by liquidity, capital resources, and anticipated performance. The company notes that future variable dividends will depend on free cash flow, which is affected by external factors like commodity prices.

Pioneer Natural Resources Company (NYSE:PXD) announced its fourth-quarter 2022 earnings release scheduled for February 22, 2023, after market close. A conference call to discuss the results will take place on February 23, 2023, at 9:00 a.m. Central Time. Participants can access the call via the company's website or by telephone. A replay will be available through March 23, 2023. Pioneer is a major independent oil and gas company based in Dallas, Texas, with extensive U.S. operations. For more details, visit www.pxd.com.

Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will present at the Goldman Sachs Global Energy and Clean Technology Conference on Thursday, January 5, at 8:00 a.m. ET. The live presentation will be web streamed, and an archived version will be accessible on Pioneer’s website post-event. Pioneer is a prominent independent oil and gas exploration and production firm based in Dallas, Texas, operating in the United States.

Pioneer Natural Resources Company (NYSE:PXD) has published its 2022 Climate Risk Report, showcasing significant advancements in integrating climate-related risks into its governance and operations. The report illustrates the company's dedication to enhancing its environmental, social, and governance (ESG) metrics, with notable updates since its first report in 2021. This document emphasizes Pioneer's commitment to sustainability and responsible practices within the oil and gas industry.