Stock Analysis on Net
Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

This company has been moved to the archive! The financial data has not been updated since February 22, 2024.

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Pioneer Natural Resources Co., adjusted financial ratios

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Solvency Ratios
Debt to Equity
Reported 0.23 0.24 0.33 0.33 0.24
Adjusted 0.21 0.22 0.31 0.31 0.23
Debt to Capital
Reported 0.19 0.19 0.25 0.25 0.19
Adjusted 0.17 0.18 0.24 0.24 0.19
Financial Leverage
Reported 1.58 1.59 1.61 1.66 1.57
Adjusted 1.33 1.35 1.48 1.49 1.41
Profitability Ratios
Net Profit Margin
Reported 25.26% 32.17% 11.85% -2.85% 7.82%
Adjusted 27.87% 39.58% 15.10% -3.63% 10.04%
Return on Equity (ROE)
Reported 21.12% 34.80% 9.27% -1.73% 6.24%
Adjusted 19.58% 36.55% 10.85% -1.97% 7.19%
Return on Assets (ROA)
Reported 13.37% 21.95% 5.75% -1.04% 3.96%
Adjusted 14.75% 27.00% 7.33% -1.33% 5.09%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Financial ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Pioneer Natural Resources Co. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Pioneer Natural Resources Co. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Pioneer Natural Resources Co. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Pioneer Natural Resources Co. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Pioneer Natural Resources Co. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Pioneer Natural Resources Co. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Pioneer Natural Resources Co., Financial Ratios: Reported vs. Adjusted

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 5,337 5,425 7,471 3,856 2,861
Equity 23,171 22,541 22,837 11,569 12,119
Solvency Ratio
Debt to equity1 0.23 0.24 0.33 0.33 0.24
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 5,760 5,786 7,835 4,066 3,167
Adjusted equity3 27,573 26,408 24,876 12,938 13,514
Solvency Ratio
Adjusted debt to equity4 0.21 0.22 0.31 0.31 0.23

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Debt to equity = Total debt ÷ Equity
= 5,337 ÷ 23,171 = 0.23

2 Adjusted total debt. See details »

3 Adjusted equity. See details »

4 2023 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted equity
= 5,760 ÷ 27,573 = 0.21

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Pioneer Natural Resources Co. adjusted debt-to-equity ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total debt 5,337 5,425 7,471 3,856 2,861
Total capital 28,508 27,966 30,308 15,425 14,980
Solvency Ratio
Debt to capital1 0.19 0.19 0.25 0.25 0.19
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 5,760 5,786 7,835 4,066 3,167
Adjusted total capital3 33,333 32,194 32,711 17,004 16,681
Solvency Ratio
Adjusted debt to capital4 0.17 0.18 0.24 0.24 0.19

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Debt to capital = Total debt ÷ Total capital
= 5,337 ÷ 28,508 = 0.19

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2023 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 5,760 ÷ 33,333 = 0.17

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Pioneer Natural Resources Co. adjusted debt-to-capital ratio improved from 2021 to 2022 and from 2022 to 2023.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Total assets 36,613 35,740 36,811 19,229 19,067
Equity 23,171 22,541 22,837 11,569 12,119
Solvency Ratio
Financial leverage1 1.58 1.59 1.61 1.66 1.57
Adjusted
Selected Financial Data (US$ in millions)
Total assets 36,613 35,740 36,811 19,229 19,067
Adjusted equity2 27,573 26,408 24,876 12,938 13,514
Solvency Ratio
Adjusted financial leverage3 1.33 1.35 1.48 1.49 1.41

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Financial leverage = Total assets ÷ Equity
= 36,613 ÷ 23,171 = 1.58

2 Adjusted equity. See details »

3 2023 Calculation
Adjusted financial leverage = Total assets ÷ Adjusted equity
= 36,613 ÷ 27,573 = 1.33

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Pioneer Natural Resources Co. adjusted financial leverage ratio decreased from 2021 to 2022 and from 2022 to 2023.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 4,894 7,845 2,118 (200) 756
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
Profitability Ratio
Net profit margin1 25.26% 32.17% 11.85% -2.85% 7.82%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to common stockholders2 5,400 9,651 2,699 (255) 971
Revenue from contracts with purchasers 19,374 24,384 17,870 7,024 9,671
Profitability Ratio
Adjusted net profit margin3 27.87% 39.58% 15.10% -3.63% 10.04%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
Net profit margin = 100 × Net income (loss) attributable to common stockholders ÷ Revenue from contracts with purchasers
= 100 × 4,894 ÷ 19,374 = 25.26%

2 Adjusted net income (loss) attributable to common stockholders. See details »

3 2023 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) attributable to common stockholders ÷ Revenue from contracts with purchasers
= 100 × 5,400 ÷ 19,374 = 27.87%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Pioneer Natural Resources Co. adjusted net profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 4,894 7,845 2,118 (200) 756
Equity 23,171 22,541 22,837 11,569 12,119
Profitability Ratio
ROE1 21.12% 34.80% 9.27% -1.73% 6.24%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to common stockholders2 5,400 9,651 2,699 (255) 971
Adjusted equity3 27,573 26,408 24,876 12,938 13,514
Profitability Ratio
Adjusted ROE4 19.58% 36.55% 10.85% -1.97% 7.19%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROE = 100 × Net income (loss) attributable to common stockholders ÷ Equity
= 100 × 4,894 ÷ 23,171 = 21.12%

2 Adjusted net income (loss) attributable to common stockholders. See details »

3 Adjusted equity. See details »

4 2023 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) attributable to common stockholders ÷ Adjusted equity
= 100 × 5,400 ÷ 27,573 = 19.58%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Pioneer Natural Resources Co. adjusted ROE improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to common stockholders 4,894 7,845 2,118 (200) 756
Total assets 36,613 35,740 36,811 19,229 19,067
Profitability Ratio
ROA1 13.37% 21.95% 5.75% -1.04% 3.96%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) attributable to common stockholders2 5,400 9,651 2,699 (255) 971
Total assets 36,613 35,740 36,811 19,229 19,067
Profitability Ratio
Adjusted ROA3 14.75% 27.00% 7.33% -1.33% 5.09%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

1 2023 Calculation
ROA = 100 × Net income (loss) attributable to common stockholders ÷ Total assets
= 100 × 4,894 ÷ 36,613 = 13.37%

2 Adjusted net income (loss) attributable to common stockholders. See details »

3 2023 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) attributable to common stockholders ÷ Total assets
= 100 × 5,400 ÷ 36,613 = 14.75%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Pioneer Natural Resources Co. adjusted ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level.