Pioneer Nat Stock Price, News & Analysis

Pioneer Natural Resources Company (NYSE:PXD) has appointed Jacinto Hernandez to its Board of Directors. With over 22 years at Capital Group, Hernandez brings valuable expertise in financial markets and the energy sector. He previously managed a significant growth mutual fund and has experience advising corporations on strategy and capital allocation. Acknowledging his extensive background, CEO Scott D. Sheffield expressed confidence that Hernandez will contribute significantly as the energy landscape evolves.

ConocoPhillips (COP), Devon Energy (DVN), and Pioneer Natural Resources (PXD) have joined the Oil and Gas Methane Partnership (OGMP) 2.0 Initiative, aimed at enhancing transparency in methane emissions reporting. This commitment signifies their dedication to reducing methane emissions while meeting energy demands sustainably. The OGMP 2.0 serves as a global standard for reporting, helping companies show progress in methane management. Executives from each company emphasized the importance of collaboration and advanced technology in achieving net-zero emissions targets by 2050.

Pioneer Natural Resources Company (NYSE:PXD) has scheduled the release of its second quarter 2022 earnings after market close on August 8, 2022. A conference call will take place on August 9, 2022, at 9:00 a.m. Central Time, to discuss the results. Investors can join the call via telephone or the company's website. The audio replay will be accessible through August 31, 2022. Pioneer operates in the United States and is based in Dallas, Texas.

Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will present at the J.P. Morgan Energy, Power & Renewables Conference on June 22 at 3:05 p.m. ET. The presentation will be available via a live webcast. An archived version can be accessed shortly after the event on Pioneer's website under the 'Investors' section. Pioneer is a prominent independent oil and gas exploration and production company based in Dallas, Texas, with operations across the United States.

EnCap Investments and Double Eagle Form New Energy Holdings Companies

EnCap Investments and Double Eagle announced a strategic partnership to create Double Eagle Energy Holdings IV, LLC, and Tumbleweed Royalty IV, LLC, focusing on the Permian Basin. Supported by minority investments from Apollo and Magnetar, the new entities aim to capitalize on oil and gas properties. This follows DoublePoint Energy's $6.4 billion sale to Pioneer Natural Resources. The management team will continue to lead operations, targeting large acquisitions and organic growth in the sector.

Pioneer Natural Resources (NYSE:PXD) reported robust financial results for Q1 2022, with a net income of $2.0 billion, or $7.85 per diluted share. Cash flow from operations reached $2.6 billion, generating a strong free cash flow of $2.3 billion. The company declared a quarterly dividend of $7.38 per share, representing a 95% increase from the previous quarter. Pioneer's dividend yield stands at 13%, the highest in the S&P 500. Despite a third-party sand mine outage affecting production forecasts, the company maintained a strong balance sheet with $2.4 billion in cash and $4.4 billion in liquidity.

Pioneer Natural Resources Company (NYSE:PXD) has declared a quarterly cash dividend of $7.38 per common share, payable on June 14, 2022, to stockholders of record as of May 31, 2022. The decision regarding future dividends is at the discretion of the Board of Directors and will depend on various factors including the Company's liquidity, operating results, and cash flow. There is no guarantee that future dividends will be authorized or the amount thereof, as they may fluctuate based on the Company’s free cash flow, which is influenced by factors beyond its control.

Pioneer Natural Resources Company (NYSE:PXD) announced its first quarter 2022 earnings release, set for May 4, 2022, after market close. A conference call to discuss the results will follow on May 5, 2022, at 9:00 a.m. Central Time. Investors can join via phone or through the company’s website. The earnings report is anticipated to provide insights into Pioneer’s financial performance and operational highlights for the quarter.

ProPetro Services, Inc. has entered into an Amended and Restated Pressure Pumping Services Agreement with Pioneer Natural Resources USA, Inc., effective January 1, 2022, until December 31, 2022, with potential extension through 2023. The agreement updates performance standards and pricing, focusing on hydraulic fracturing services in the Permian Basin, resulting in improved completions performance. ProPetro's CEO highlights the importance of the partnership, while Pioneer emphasizes continuous performance improvement.