Debt-to-Equity Ratio
Higher than 16% of Energy sector peers
Updated 1924h ago
Sector Performance
16th percentilePXD
0.23x
Sector Median
0.74x
Sector Avg
1.14x
Deep Analysis
Pioneer Natural Resources’ debt-to-equity ratio of 0.23x means the company uses $0.23 of debt for every $1.00 of shareholder equity — a measure of financial leverage and long-term solvency.
This is well below the Energy sector median of 0.56x, placing Pioneer in the 20th percentile among peers, indicating a far more conservative capital structure than most competitors. The ratio has been perfectly stable over the past eight quarters, with a year-over-year change of +0.0% and a quarter-over-quarter change of +0.0%. The combination of a very low debt-to-equity level and a flat trend implies minimal financial risk from leverage, but also suggests no recent borrowing for growth or share repurchases. This low, stable debt profile supports the overall NEUTRAL verdict by showing a cautious balance sheet that does not introduce additional risk, yet lacks the aggressive financing that could amplify returns.
Frequently Asked Questions
What does the Debt-to-Equity Ratio tell investors about PXD?
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
How is the Debt-to-Equity Ratio calculated?
Debt-to-Equity Ratio is calculated as: Total Debt / Shareholders' Equity.
How does PXD's Debt-to-Equity Ratio compare to its sector?
PXD's Debt-to-Equity Ratio of 0.23x compares to a Energy sector median of 0.74x, placing it in the 16th percentile.
Who are PXD's closest peers by Debt-to-Equity Ratio?
The closest Energy peers by Debt-to-Equity Ratio include: REI (0.68x), APA (0.68x), SEDG (0.81x), MTDR (0.62x), AR (0.59x).
The Formula
Total Debt / Shareholders' Equity
Why It Matters
Shows how much a company is financing its operations through debt vs shareholder funds. High D/E can amplify returns — and losses.
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0.23x
Sector Median
0.74x
Sector Avg
1.14x
How PXD's Debt-to-Equity Ratio compares to sector peers.
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Not financial advice. Research tool only. Data may be delayed.