Pioneer Natural Resources Company
Pioneer Natural Resources Company operates as an independent oil and gas exploration and production company in the United States. The company explores for, develops, and produces oil, natural gas liquids (NGLs), and gas. It has operations in the Midland Basin in West Texas. The company was founded in 1997 and is headquartered in Irving, Texas. As of May 3, 2024, Pioneer Natural Resources Company … Read more
Pioneer Natural Resources Company (PNK) - Net Assets
Latest net assets as of March 2024: €23.59 Billion EUR
Based on the latest financial reports, Pioneer Natural Resources Company (PNK) has net assets worth €23.59 Billion EUR as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€37.51 Billion) and total liabilities (€13.92 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €23.59 Billion |
| % of Total Assets | 62.88% |
| Annual Growth Rate | 11.66% |
| 5-Year Change | 91.2% |
| 10-Year Change | N/A |
| Growth Volatility | 30.37 |
Pioneer Natural Resources Company - Net Assets Trend (2014–2023)
This chart illustrates how Pioneer Natural Resources Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pioneer Natural Resources Company (2014–2023)
The table below shows the annual net assets of Pioneer Natural Resources Company from 2014 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €23.17 Billion | +2.79% |
| 2022-12-31 | €22.54 Billion | -1.30% |
| 2021-12-31 | €22.84 Billion | +97.40% |
| 2020-12-31 | €11.57 Billion | -4.54% |
| 2019-12-31 | €12.12 Billion | +0.07% |
| 2018-12-31 | €12.11 Billion | +7.38% |
| 2017-12-31 | €11.28 Billion | +8.34% |
| 2016-12-31 | €10.41 Billion | +24.31% |
| 2015-12-31 | €8.38 Billion | -2.49% |
| 2014-12-31 | €8.59 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pioneer Natural Resources Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 181.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €7.28 Billion | 31.42% |
| Other Components | €15.89 Billion | 68.58% |
| Total Equity | €23.17 Billion | 100.00% |
Pioneer Natural Resources Company Competitors by Market Cap
The table below lists competitors of Pioneer Natural Resources Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Odyssey Marine Exploration Inc
NASDAQ:OMEX
|
$52.68 Million |
|
Terra Metals Ltd
AU:TM1
|
$52.68 Million |
|
SecureTech Innovations Inc
PINK:SCTH
|
$52.71 Million |
|
EXCL.NETW. (PROM.)EO 1
F:97K
|
$52.72 Million |
|
Thuan Duc JSC
VN:TDP
|
$52.66 Million |
|
Michael Hill International Ltd
AU:MHJ
|
$52.63 Million |
|
VST Industries Limited
NSE:VSTIND
|
$52.63 Million |
|
Daechang Forgi
KO:015230
|
$52.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pioneer Natural Resources Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 22,541,000,000 to 23,171,000,000, a change of 630,000,000 (2.8%).
- Net income of 4,894,000,000 contributed positively to equity growth.
- Dividend payments of 3,299,000,000 reduced retained earnings.
- Share repurchases of 701,000,000 reduced equity.
- Other factors decreased equity by 264,000,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €4.89 Billion | +21.12% |
| Dividends Paid | €3.30 Billion | -14.24% |
| Share Repurchases | €701.00 Million | -3.03% |
| Other Changes | €-264.00 Million | -1.14% |
| Total Change | €- | 2.79% |
Book Value vs Market Value Analysis
This analysis compares Pioneer Natural Resources Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €66.24 | €0.22 | x |
| 2018-12-31 | €71.45 | €0.22 | x |
| 2019-12-31 | €73.21 | €0.22 | x |
| 2020-12-31 | €70.34 | €0.22 | x |
| 2021-12-31 | €93.54 | €0.22 | x |
| 2022-12-31 | €95.50 | €0.22 | x |
| 2023-12-31 | €99.18 | €0.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pioneer Natural Resources Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.26%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.58x
- Recent ROE (21.12%) is above the historical average (8.74%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 10.84% | 21.50% | 0.29x | 1.74x | €71.90 Million |
| 2015 | -3.26% | -9.49% | 0.19x | 1.81x | €-1.11 Billion |
| 2016 | -5.34% | -14.07% | 0.24x | 1.58x | €-1.60 Billion |
| 2017 | 7.39% | 15.73% | 0.31x | 1.51x | €-294.40 Million |
| 2018 | 8.08% | 10.43% | 0.52x | 1.48x | €-233.10 Million |
| 2019 | 6.24% | 7.82% | 0.51x | 1.57x | €-455.90 Million |
| 2020 | -1.73% | -2.85% | 0.37x | 1.66x | €-1.36 Billion |
| 2021 | 9.27% | 11.85% | 0.49x | 1.61x | €-165.70 Million |
| 2022 | 34.80% | 32.17% | 0.68x | 1.59x | €5.59 Billion |
| 2023 | 21.12% | 25.26% | 0.53x | 1.58x | €2.58 Billion |
Industry Comparison
This section compares Pioneer Natural Resources Company's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $473,402,553
- Average return on equity (ROE) among peers: -38.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pioneer Natural Resources Company (PNK) | €23.59 Billion | 10.84% | 0.59x | $52.66 Million |
| East West Minerals Ltd. (37A0) | $4.19 Million | -48.71% | 0.37x | $768.36K |
| 6L00 (6L00) | $199.31 Million | 9.31% | 0.36x | $100.36 Million |
| Talos Energy Inc (7T2) | $1.08 Billion | 5.45% | 1.40x | $1.38 Billion |
| Texas Pacific Land Corporation (9WY) | $772.89 Million | 57.75% | 0.14x | $9.06 Billion |
| WINDSTREAM HLDGS (B4O) | $617.33K | -415.93% | 11.47x | $33.10K |
| Beach Energy Limited (BPS) | $1.87 Billion | 5.44% | 0.38x | $1.18 Billion |
| Deutsche Rohstoff AG (DR0) | $2.20 Million | -22.38% | 0.07x | $33.50 Million |
| PetroNor E&P ASA (FQ00) | $220.88 Million | 15.23% | 0.36x | $51.67 Million |
| Lycos Energy Inc. (G4P0) | $-241.69K | 0.00% | 0.00x | $21.21 Million |
| PT Energi Mega Persada Tbk (HFK) | $585.11 Million | 11.70% | 1.34x | $17.68 Million |