EXHIBIT 99.2
Pioneer Natural Resources Company
2005 Unaudited Quarterly Results Adjusted for Discontinued Operations
Three months ended
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March 31, June 30, September 30, December 31,
($ Millions except production volumes) 2005 2005 2005 2005
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Revenues and other income:
Oil and gas $ 324 $ 320 $ 390 $ 419
Interest and other 2 12 8 10
Gain on disposition on assets, net 2 - - 57
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328 332 398 486
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Costs and expenses:
Oil and gas production 81 80 93 93
Depletion, depreciation and amortization 73 66 76 85
Exploration and abandonments 54 37 56 56
General and administrative 27 27 30 30
Accretion of discount on asset retirement obligations 1 1 1 1
Interest 33 29 29 35
Other 9 16 34 41
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278 256 319 341
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Income from continuing operations before income taxes 50 76 79 145
Current income tax provision (7) (13) (13) (18)
Deferred income tax provision (15) (41) (4) (44)
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Income from continuing operations 28 22 62 83
Income from discontinued operations, net of tax 57 163 62 58
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Net income $ 85 $ 185 $ 124 $ 141
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Production volumes:
Oil (in millions of barrels) 3,119 2,779 2,885 2,977
Natural gas liquid (in millions of barrels) 1,612 1,405 1,718 1,800
Gas (in millions of cubic feet) 28,553 26,277 28,700 28,694
Total (in millions of barrels of oil equivalents) 9,489 8,564 9,387 9,559