Dallas-based Pioneer reported net income of $646 million ($4.28 per share) for the third quarter 2015 on total revenue of $2.22 billion compared to net income of $374 million ($2.58 per share) on revenue of $1.51 billion in the same period last year.
“Despite the weak commodity price environment, the Company reported a great quarter that was highlighted by the impressive production growth delivered by our horizontal drilling program in the Spraberry/Wolfcamp,” Pioneer chief executive Scott Sheffield said.
