Pioneer Natural Resources Co. Q4 Profit Rises

(RTTNews) - Pioneer Natural Resources Co. (PXD) released earnings for its fourth quarter that increased from the same period last year

The company's bottom line came in at $763 million, or $2.97 per share. This compares with $43 million, or $0.26 per share, in last year's fourth quarter.

Excluding items, Pioneer Natural Resources Co. reported adjusted earnings of $1.18 billion or $4.58 per share for the period.

The company's revenue for the quarter rose 132.3% to $4.32 billion from $1.86 billion last year.

Pioneer Natural Resources Co. earnings at a glance (GAAP) :

-Earnings (Q4): $763 Mln. vs. $43 Mln. last year. -EPS (Q4): $2.97 vs. $0.26 last year. -Revenue (Q4): $4.32 Bln vs. $1.86 Bln last year.