Stock Analysis on Net

Pioneer Natural Resources Co. (NYSE:PXD)

Enterprise Value (EV)

Microsoft Excel

Current Enterprise Value (EV)

Pioneer Natural Resources Co., current enterprise value calculation

Microsoft Excel
Current share price (P) $262.50
No. shares of common stock outstanding 233,623,121
US$ in millions
Common equity (market value)1 61,326
Total equity 61,326
Add: Current portion of debt (per books) 28
Add: Finance lease liability, current (per books) 21
Add: Long-term debt, excluding current portion (per books) 4,807
Add: Finance lease liability, noncurrent (per books) 481
Total equity and debt 66,663
Less: Cash and cash equivalents 240
Less: Restricted cash
Less: Investment in affiliate 139
Less: Short-term investments, net
Enterprise value (EV) 66,284

Based on: 10-K (reporting date: 2023-12-31).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 262.50 × 233,623,121


Historical Enterprise Value (EV)

Pioneer Natural Resources Co., EV calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Share price1, 2 $233.92 $205.06 $223.20 $148.47 $135.97
No. shares of common stock outstanding1 233,623,121 235,004,153 242,884,015 216,580,280 165,714,771
US$ in millions
Common equity (market value)3 54,649 48,190 54,212 32,156 22,532
Total equity 54,649 48,190 54,212 32,156 22,532
Add: Current portion of debt (book value) 28 779 244 140 450
Add: Finance lease liability, current (book value) 21 20 18 17 16
Add: Long-term debt, excluding current portion (book value) 4,807 4,125 6,688 3,160 1,839
Add: Finance lease liability, noncurrent (book value) 481 501 521 539 556
Total equity and debt 59,986 53,615 61,683 36,012 25,393
Less: Cash and cash equivalents 240 1,032 3,847 1,442 631
Less: Restricted cash 37 59 74
Less: Investment in affiliate 139 172 135 123 187
Less: Short-term investments, net 58
Enterprise value (EV) 59,607 52,411 57,606 34,388 24,501

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 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Pioneer Natural Resources Co. Annual Report.

3 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 233.92 × 233,623,121

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Pioneer Natural Resources Co. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.