26 May 2020director interest notice● Neutral
PIONEER NATURAL RESOURCES CO insider Larry R. Grillot received 2,748 shares as part of the equity award.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
15 May 2020capital raising announcement● NeutralMajor
Pioneer sold $1.15 billion of 0.250% convertible senior notes due 2025, and the initial purchasers exercised an option for up to $172.5 million more. The notes convert at about $109.77 per share, and the proceeds went to capped calls, share buybacks and debt tender offers, which ended the 364-day credit facility.
8 May 2020substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER NATURAL RESOURCES CO shareholding of 16,516,233 shares (10.00% of votes) in a periodic institutional filing.
8 May 2020quarterly activities report● Neutral
PIONEER NATURAL RESOURCES CO reported quarterly revenue of $2260.0 million and net income of $291.0 million for the period ended 2020-03-31.
6 May 2020quarterly activities report● Neutral
Pioneer announced that it issued a news release reporting its financial and operating results for the quarter ended March 31, 2020. The release also gave an operations update and its outlook for future periods.
24 Apr 2020quarterly activities report● Neutral
Pioneer said it expected a net derivative gain of $453 million for the first quarter of 2020. It also expected average realized prices of $45.60 per barrel for oil and $14.52 per barrel for NGLs, and a $63 million loss on its South Texas divestiture contingent consideration.
6 Apr 2020debt financing● NeutralMajor
As oil prices collapsed in the early weeks of the COVID-19 crisis, Pioneer lined up a second, shorter-term credit facility (up to $1 billion) alongside its existing revolver as a precautionary liquidity buffer; it drew nothing from it.
6 Apr 2020quarterly activities report● Neutral
Pioneer disclosed its open oil and gas derivative positions as of March 31, 2020, including Brent collar and swap contracts covering the rest of 2020 and 2021. It also gave estimated settlement proceeds at assumed Brent prices of $20 to $35 per barrel.
14 Feb 2020substantial holder notice● Neutral
T. ROWE PRICE ASSOCIATES, INC disclosed a new substantial PIONEER NATURAL RESOURCES CO shareholding (7.40% of votes).
12 Feb 2020substantial holder notice● Neutral
The Vanguard Group reported a PIONEER NATURAL RESOURCES CO shareholding of 13,358,617 shares (8.06% of votes) in a periodic institutional filing.
5 Feb 2020substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER NATURAL RESOURCES CO shareholding of 11,381,684 shares (6.90% of votes) in a periodic institutional filing.
8 Nov 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a PIONEER NATURAL RESOURCES CO shareholding of 6,446,619 shares (3.80% of votes) in a periodic institutional filing.
6 Nov 2019quarterly activities report● Neutral
PIONEER NATURAL RESOURCES CO reported quarterly revenue of $2325.0 million and net income of $231.0 million for the period ended 2019-09-30.
4 Nov 2019quarterly activities report● Neutral
Pioneer filed an 8-K announcing that it had issued a news release on its financial and operating results for the quarter ended September 30, 2019. The release also included an operations update and outlook.
21 Oct 2019quarterly activities report● Neutral
Pioneer previewed its third-quarter 2019 results, expecting a net derivative gain of $121 million and a noncash loss of $193 million on its ProPetro shares. It also gave average realized prices of $53.93 per barrel for oil and $1.54 per thousand cubic feet for gas.
9 Aug 2019quarterly activities report▼ Bad
PIONEER NATURAL RESOURCES CO reported quarterly revenue of $1923.0 million and a net loss of $169.0 million for the period ended 2019-06-30.
6 Aug 2019quarterly activities report▼ Bad
Pioneer issued a news release on 6 August 2019 announcing its second quarter 2019 financial and operating results, an operations update and its outlook.
25 July 2019quarterly activities report▼ Bad
Pioneer said it expected net derivative gains of $43 million for the quarter ended 30 June 2019, realized prices of $55.50 per barrel of oil, and $81 million of income from third-party oil and gas purchases and sales.
10 May 2019quarterly activities report● Neutral
PIONEER NATURAL RESOURCES CO reported quarterly revenue of $2413.0 million and net income of $350.0 million for the period ended 2019-03-31.
6 May 2019quarterly activities report● Neutral
Pioneer issued a news release on 6 May 2019 announcing its first quarter 2019 financial and operating results, an operations update and its outlook.
30 Apr 2019quarterly activities report● Neutral
Pioneer expected a net derivative loss of $13 million for the quarter ended 31 March 2019, and said income from third-party oil and gas purchases and sales was $152 million, above its $40-100 million estimate.
14 Feb 2019substantial holder notice● Neutral
Capital World Investors reported holding 2,498,769 PIONEER NATURAL RESOURCES CO shares (1.4% of the class) at 31 December 2018, and said it had ceased to own more than five percent.
11 Feb 2019substantial holder notice● Neutral
The Vanguard Group reported a PIONEER NATURAL RESOURCES CO shareholding of 13,198,686 shares (7.74% of votes) in a periodic institutional filing.
6 Feb 2019substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER NATURAL RESOURCES CO shareholding of 11,006,161 shares (6.50% of votes) in a periodic institutional filing.
25 Jan 2019substantial holder notice● Neutral
JPMORGAN CHASE & CO reported a PIONEER NATURAL RESOURCES CO shareholding of 9,489,735 shares (5.50% of votes) in a periodic institutional filing.
7 Jan 2019substantial holder notice● Neutral
Pioneer and two subsidiaries reported owning 16.6 million ProPetro shares (16.6%), issued on December 31, 2018 as part of the sale of Pioneer's pressure pumping assets to ProPetro, which also owed $110 million in cash.
9 Nov 2018quarterly activities report● Neutral
PIONEER NATURAL RESOURCES CO reported quarterly revenue of $2476.0 million and net income of $411.0 million for the period ended 2018-09-30.
6 Nov 2018quarterly activities report● Neutral
Pioneer issued its third-quarter 2018 results news release, which covered financial and operating results, an operations update and its outlook for future periods.
30 Oct 2018debt financing● Neutral
Pioneer replaced its 2011 revolving credit facility with a new $1.5 billion, five-year revolver led by Wells Fargo; nothing was drawn against it at signing.
24 Oct 2018quarterly activities report● Neutral
Pioneer said it expected net derivative losses of $135 million for Q3 2018 ($701 million for nine months). Net income from third-party oil and gas purchases and sales was $200 million versus $69 million in Q2, with about $12.45/bbl uplift on roughly 165 thousand barrels a day sent to the Gulf Coast.