Pioneer Natural Resources Co (Pioneer Natural Resources Co) Debt-to-Equity : 0.23 (As of Dec. 2023)

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What is Pioneer Natural Resources Co Debt-to-Equity?

Pioneer Natural Resources Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $203 Mil. Pioneer Natural Resources Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Dec. 2023 was $5,055 Mil. Pioneer Natural Resources Co's Total Stockholders Equity for the quarter that ended in Dec. 2023 was $23,171 Mil. Pioneer Natural Resources Co's debt to equity for the quarter that ended in Dec. 2023 was 0.23.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Pioneer Natural Resources Co's Debt-to-Equity or its related term are showing as below:

PXD' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.19 Med: 0.27 Max: 0.44
Current: 0.23

During the past 13 years, the highest Debt-to-Equity Ratio of Pioneer Natural Resources Co was 0.44. The lowest was 0.19. And the median was 0.27.

PXD's Debt-to-Equity is ranked better than
67.23% of 830 companies
in the Oil & Gas industry
Industry Median: 0.435 vs PXD: 0.23

Pioneer Natural Resources Co Debt-to-Equity Historical Data

The historical data trend for Pioneer Natural Resources Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Pioneer Natural Resources Co Debt-to-Equity Chart

Pioneer Natural Resources Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

Get a 7-Day Free Trial

0.21

0.30

0.32

0.23

Pioneer Natural Resources Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Debt-to-Equity	Get a 7-Day Free Trial															0.23	0.29	0.26	0.23	0.23

Competitive Comparison of Pioneer Natural Resources Co's Debt-to-Equity

For the Oil & Gas E&P subindustry, Pioneer Natural Resources Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneer Natural Resources Co's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Pioneer Natural Resources Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Pioneer Natural Resources Co's Debt-to-Equity falls into.

Pioneer Natural Resources Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Pioneer Natural Resources Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(203	+	5055)	/	23171
	=	0.23

Pioneer Natural Resources Co's Debt to Equity Ratio for the quarter that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(203	+	5055)	/	23171
	=	0.23

Pioneer Natural Resources Co (NYSE:PXD) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Pioneer Natural Resources Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Pioneer Natural Resources Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.

Pioneer Natural Resources Co (Pioneer Natural Resources Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pioneer Natural Resources Co (NYSE:PXD) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

PXD:Mexico 1PXD:Italy PNK:Germany PNK:Germany P1IO34:Brazil

Address

777 Hidden Ridge, Irving, TX, USA, 75038

Website

https://www.pxd.com

Headquartered in Irving, Texas, Pioneer Natural Resources is an independent oil and gas exploration and production company focusing on the Permian Basin in Texas. At year-end 2022, Pioneer's proven reserves were 2.4 billion barrels of oil equivalent with net production for the year of 650 mboe per day. Oil and natural gas liquids represented 79% of production.

Executives

Mark H Kleinman	officer: EVP & General Counsel	777 HIDDEN RIDGE, IRVING TX 75038
Maria S. Dreyfus	director	125 WEST 55TH STREET, 15TH FLOOR, NEW YORK NY 10019
Bonnie S. Black	officer: SVP, Technology & Ops Support	777 HIDDEN RIDGE, IRVING TX 75038
Jacinto J Hernandez	director	777 HIDDEN RIDGE, IRVING TX 75038
Christopher L Washburn	officer: Interim CAO	777 HIDDEN RIDGE, IRVING TX 75038
Mark Stephen Berg	officer: EVP, GEN. COUNSEL & SECTY	777 HIDDEN RIDGE, IRVING TX 75038
Tyson L. Taylor	officer: SVP, Human Resources	5205 N O'CONNOR BLVD., SUITE 200, IRVING TX 75039
Phoebe A Wood	director	PO BOX 1080, LOUISVILLE KY 40201
Stacy P. Methvin	director	777 HIDDEN RIDGE, IRVING TX 75038
Lori George Billingsley	director	777 HIDDEN RIDGE, IRVING TX 75038
Royce Mitchell	director	777 HIDDEN RIDGE, IRVING TX 75038
Hall Jerome D Jr	officer: EVP, Operations	777 HIDDEN RIDGE, IRVING TX 75038
Frank A Risch	director	PIONEER NATURAL RESOURCES COMPANY, 5205 N. O'CONNOR BLVD, STE 900, IRVING TX 75039
Chris J Cheatwood	officer: EXEC VP WORLDWIDE EXPLORATION	777 HIDDEN RIDGE, IRVING TX 75038
Neal H Shah	officer: SVP and CFO	777 HIDDEN RIDGE, IRVING TX 75038