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Pioneer Natural Resources Co Financial Strength

: 8 (As of Jun. 2022)
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Pioneer Natural Resources Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.

Good Sign:

Pioneer Natural Resources Co shows strong financial strength.

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors:

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.
2. Debt to revenue ratio. The lower, the better.
3. Altman Z-Score.

Pioneer Natural Resources Co's Interest Coverage for the quarter that ended in Jun. 2022 was 95.48. Pioneer Natural Resources Co's debt to revenue ratio for the quarter that ended in Jun. 2022 was 0.22. As of today, Pioneer Natural Resources Co's Altman Z-Score is 4.05.


Competitive Comparison

For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co's Financial Strength, along with its competitors' market caps and Financial Strength data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Pioneer Natural Resources Co Financial Strength Distribution

For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Financial Strength distribution charts can be found below:

* The bar in red indicates where Pioneer Natural Resources Co's Financial Strength falls into.



Pioneer Natural Resources Co Financial Strength Calculation

GuruFocus Financial Strength Rank measures how strong a company's financial situation is. It is based on these factors

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

1. The debt burden that the company has as measured by its Interest Coverage (current year). The higher, the better.

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:

Pioneer Natural Resources Co's Interest Expense for the months ended in Jun. 2022 was $-33 Mil. Its Operating Income for the months ended in Jun. 2022 was $3,151 Mil. And its Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2022 was $4,798 Mil.

Pioneer Natural Resources Co's Interest Coverage for the quarter that ended in Jun. 2022 is

Interest Coverage=-1*Operating Income (Q: Jun. 2022 )/Interest Expense (Q: Jun. 2022 )
=-1*3151/-33
=95.48

The higher the ratio, the stronger the company's financial strength is.

2. Debt to revenue ratio. The lower, the better.

Pioneer Natural Resources Co's Debt to Revenue Ratio for the quarter that ended in Jun. 2022 is

Debt to Revenue Ratio=Total Debt (Q: Jun. 2022 ) / Revenue
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Revenue
=(1240 + 4798) / 28020
=0.22

3. Altman Z-Score.

Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

The zones of discrimination were as such:

When Z-Score is less than 1.81, it is in Distress Zones.
When Z-Score is greater than 2.99, it is in Safe Zones.
When Z-Score is between 1.81 and 2.99, it is in Grey Zones.

Pioneer Natural Resources Co has a Z-score of 4.05, indicating it is in Safe Zones. This implies the Z-Score is strong.

Good Sign:

Altman Z-score of 4.05 is strong.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Pioneer Natural Resources Co  (NYSE:PXD) Financial Strength Explanation

The maximum rank is 10. Companies with rank 7 or higher will be unlikely to fall into distressed situations. Companies with rank of 3 or less are likely in financial distress.

Pioneer Natural Resources Co has the Financial Strength Rank of 8. It shows strong financial strength and is unlikely to fall into distressed situations.


Pioneer Natural Resources Co Financial Strength Related Terms

Thank you for viewing the detailed overview of Pioneer Natural Resources Co's Financial Strength provided by GuruFocus.com. Please click on the following links to see related term pages.


Pioneer Natural Resources Co Business Description

Pioneer Natural Resources Co logo
Address
777 Hidden Ridge, Irving, TX, USA, 75038
Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2021, Pioneer's proven reserves were 2.2 billion barrels of oil equivalent with net production for the year of 612 mboe per day. Oil and natural gas liquids represented 68% of production.
Executives
Wood Phoebe A director PO BOX 1080 LOUISVILLE KY 40201
Mitchell Royce director 777 HIDDEN RIDGE IRVING TX 75038
Billingsley Lori George director 777 HIDDEN RIDGE IRVING TX 75038
Methvin Stacy P. director 777 HIDDEN RIDGE IRVING TX 75038
Gobe Phillip A director 777 HIDDEN RIDGE IRVING TX 75038
Gallagher Matthew director 500 W. TEXAS AVENUE TOWER I, SUITE 200 MIDLAND TX 79701
Thompson J Kenneth director ALASKA AIR GROUP 19300 PACIFIC HIGHWAY SOUTH SEATTLE WA 98188
Mcdonald Elizabeth Anne officer: SVP, Strategic Planning, Field 777 HIDDEN RIDGE IRVING TX 75038
Shah Neal H officer: SVP and CFO 777 HIDDEN RIDGE IRVING TX 75038
Hall Jerome D Jr officer: EVP, Operations 777 HIDDEN RIDGE IRVING TX 75038
Montemayor Margaret officer: VP & CAO 777 HIDDEN RIDGE IRVING TX 75038
Taylor Tyson L. officer: SVP, Human Resources 5205 N O'CONNOR BLVD. SUITE 200 IRVING TX 75039
Kleinman Mark H officer: EVP & General Counsel 777 HIDDEN RIDGE IRVING TX 75038
Grillot Larry R. director 777 HIDDEN RIDGE IRVING TX 75038
Dreyfus Maria S. director 125 WEST 55TH STREET 15TH FLOOR NEW YORK NY 10019

Pioneer Natural Resources Co Headlines

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