IRVING, Texas (AP) _ Pioneer Natural Resources Co. (PXD) on Wednesday reported first-quarter profit of $2.01 billion.

On a per-share basis, the Irving, Texas-based company said it had profit of $7.85. Earnings, adjusted for non-recurring gains, were $7.74 per share.

The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $7.32 per share.

The independent oil and gas company posted revenue of $6.17 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $5.78 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PXD at https://www.zacks.com/ap/PXD

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