Pioneer Nat Stock Price, News & Analysis

Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will speak on a CEO panel at the J.P. Morgan Energy, Power & Renewables Virtual Conference on June 22 at 12:30 p.m. ET. This participation highlights Pioneer's role in the energy sector as a significant independent oil and gas exploration and production company based in Dallas, Texas. The event underscores Pioneer's commitment to engaging in critical discussions about the energy market.

Pioneer Natural Resources Company (NYSE:PXD) announced that Rich Dealy, President and COO, will participate in a fireside discussion at the RBC Capital Markets Global Energy Virtual Conference on June 9, 2021, at 9:20 a.m. ET. The event will be available via live webcast, with a replay accessible for 30 days afterward.

Pioneer is a major independent oil and gas exploration and production firm based in Dallas, Texas, focusing on operations in the United States. For additional details, visit www.pxd.com.

Pioneer Natural Resources Company (NYSE:PXD) announced that CEO Scott Sheffield will participate in a fireside discussion at the Wells Fargo Virtual Energy Conference on June 2, 2021, at 9:20 a.m. ET. The presentation will be publicly accessible via a live webcast, and replays will be available for 30 days post-event.

As a leading independent oil and gas exploration and production firm based in Dallas, Texas, Pioneer focuses on operations across the United States. For more details, visit www.pxd.com.

Pioneer Natural Resources Company (NYSE:PXD) has announced a quarterly cash dividend of $0.56 per share on its outstanding common stock. This dividend is payable on July 14, 2021, to stockholders of record as of the close of business on June 30, 2021.

Headquartered in Dallas, Texas, Pioneer is a leading independent oil and gas exploration and production company with extensive operations in the United States.

Pioneer Natural Resources Company (NYSE:PXD) announced the sale of 6,000,000 shares of its common stock by Double Eagle Energy Holdings III LLC and Q-FPP (VII) Subsidiary, LLC. The shares are being sold as part of a secondary offering, with approximately 64.13% from Double Eagle III and 35.87% from Quantum Sub. Pioneer will not receive any proceeds from this offering, as it consists entirely of shares sold by the Selling Stockholders. Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC will act as underwriters for the offering.

Pioneer Natural Resources Company (NYSE: PXD) has priced a public offering of $750 million of 0.550% Senior Notes, maturing on May 15, 2023. The company will utilize the $748 million net proceeds to redeem its outstanding 7.750% Senior Notes due 2025 and for general corporate purposes. Interest on the Notes is payable semi-annually, with the first payment due on November 15, 2021. The offering is set to close on May 18, 2021, subject to customary conditions. Goldman Sachs, Morgan Stanley, TD Securities, and Wells Fargo are acting as Joint Book-Running Managers for the offering.

Pioneer Natural Resources Company (NYSE:PXD) announced that President and COO Rich Dealy will engage in a Fireside Discussion at the Citi Global Energy & Utilities Virtual Conference. This event is scheduled for Tuesday, May 11, 2021, at 9:30 a.m. ET. As a major independent oil and gas exploration and production company based in Dallas, Texas, Pioneer focuses on operations across the United States. For further details, visit www.pxd.com.

Pioneer Natural Resources Company (NYSE: PXD) announced a conditional redemption of its outstanding 7.750% Senior Notes due 2025, totaling $650 million. Scheduled for May 18, 2021, 35% of the notes will be redeemed at 107.750% of their principal, while the remainder is subject to ‘make-whole’ redemption prices. The redemption hinges on Pioneer completing one or more debt securities offerings of at least $650 million before the redemption date. If conditions are unmet, the redemption may be revoked, with a possible delay until July 3, 2021.

Pioneer Natural Resources (NYSE:PXD) reported a net loss of $70 million, or $0.33 per diluted share, for Q1 2021, influenced by noncash adjustments. Non-GAAP adjusted income was $396 million, equating to $1.77 per share. The company achieved a free cash flow of $369 million, with oil production averaging 281 MBOPD, exceeding guidance. Pioneer's acquisition of DoublePoint Energy is expected to generate $5 billion in free cash flow through 2026 and $175 million in annual synergies. Pioneer maintained a strong balance sheet with $668 million in cash and $5.5 billion in net debt.