WASHINGTON (dpa-AFX) - Pioneer Natural Resources Co. (PXD) reported first quarter net income attributable to common stockholders of $101 million or $0.75 per share, down from $214.6 million or $1.68 per share in the year ago quarter.
Without the effect of noncash derivative mark-to-market losses and other unusual items, adjusted income for the current quarter was $136 million after tax, or $1.02 per share.
Meanwhile, revenues and other income for the quarter declined to $831.58 million from $784.46 million in the prior year.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.97 per share on revenues of $823.64 million for the quarter. Analysts' estimates typically exclude special items.
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