Pioneer natural resources posts q1 earnings per share of $1.74

Mpany reports first quarter 2020 financial and operating results.q1 adjusted non-gaap earnings per share $1.15 excluding items.q1 earnings per share $1.74.q1 earnings per share estimate $1.12 -- refinitiv ibes data.averaged q1 oil production of 223 thousand barrels of oil per day (mbopd).averaged q1 production of 375 thousand barrels of oil equivalent per day (mboepd).capital expenditures of $620 million during q1.further reducing 2020 capital budget by additional $300 million from march update.decreasing production costs by $60 million to $70 million in 2020.reducing corporate overhead related costs by $80 million to $90 million in 2020.for q1, average realized price for oil was $45.60 per barrel.sees revised total 2020 capital budget in range of $1.4 billion to $1.6 billion.q2 production costs are expected to average $6.50 per boe to $8.00 per boe.qtrly revenues and other income $2,257 million versus $2,413 million.during q2 through q4 of 2020, company plans to operate an average of five to eight horizontal rigs in midland basin.expects revised 2020 oil production to average 198 to 208 mbopd and total production of 341 to 359 mboepd.
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