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Pioneer Q2 production volumes fall within upper range of expectations

Pioneer Natural Resources Co. on Aug. 7 reported $243 million, or $1.41 per share, in adjusted income for the second quarter.

The S&P Global Market Intelligence consensus normalized earnings estimate for the second quarter was $1.49 per share.

Net income totaled $63 million, compared to the $233 million net income reported in the second quarter of 2017.

Pioneer's revenue for the quarter came in at $2.11 billion, compared to the $1.46 billion reported in the prior-year period.

Average production came to 327,704 barrels of oil equivalent per day in the second quarter, compared to 259,087 boe/d in the second quarter a year ago.