Pioneer Natural Resources Blows Past Expectations but Taps the Brakes on its Growth Forecast

Pioneer Natural Resources Blows Past Expectations but Taps the Brakes on its Growth Forecast

Pioneer Natural Resources (NYSE: PXD) once again delivered earnings that were well ahead of the consensus estimate. Driving those strong results is that production came in at the high-end of its guidance range thanks to continued robust well results in the Permian Basin. That said, the company did run into some unforeseen drilling problems during the second quarter, which caused it to tap the brakes a bit on its growth expectations for the full-year.

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Q2 2017

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Source: Fool.com