February 13, 2019 / 9:56 PM / 5 months ago

UPDATE 1-Pioneer Natural Resources reports Q4 profit down year-on-year

(Adds details on earnings)

Feb 13 (Reuters) - U.S. shale producer Pioneer Natural Resources Co reported adjusted profit of $1.18 per share in the fourth quarter, down from $1.22 in the same quarter of the prior year, the company said on Wednesday.

The Irving, Texas company collected revenue of $2.68 billion in the fourth quarter compared with $1.53 billion in the same period the prior year.

Pioneer produced 320,000 barrels of oil equivalent per day (boepd) in the fourth quarter, compared with 305,000 boepd in the same period the year before. Average prices fell to $38.16 per barrel of oil equivalent from $38.68 the year before.

The company forecasts first quarter production between 315,000 boepd and 331,500 boepd.

Its net income attributable to common stockholders was $324 million in the fourth quarter, compared with $665 million in the same period the year before.

Pioneer shares were down nearly 5 percent in after-hours trading at $139.15 per share on the decline. (Reporting by Collin Eaton Editing by Marguerita Choy)

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