Strike Energy (ASX:STX) Retained Earnings : A$-186.88 Mil (As of Dec. 2023)

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What is Strike Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Strike Energy's retained earnings for the quarter that ended in Dec. 2023 was A$-186.88 Mil.

Strike Energy's quarterly retained earnings declined from Dec. 2022 (A$-197.70 Mil) to Jun. 2023 (A$-197.84 Mil) but then increased from Jun. 2023 (A$-197.84 Mil) to Dec. 2023 (A$-186.88 Mil).

Strike Energy's annual retained earnings declined from Jun. 2021 (A$-172.57 Mil) to Jun. 2022 (A$-188.30 Mil) and declined from Jun. 2022 (A$-188.30 Mil) to Jun. 2023 (A$-197.84 Mil).

Strike Energy Retained Earnings Historical Data

The historical data trend for Strike Energy's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Strike Energy Retained Earnings Chart

Strike Energy Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-81.94

-179.35

-172.57

-188.30

-197.84

Strike Energy Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-179.98	-188.30	-197.70	-197.84	-186.88

Strike Energy Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Strike Energy (ASX:STX) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Strike Energy (ASX:STX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Strike Energy Ltd (ASX:STX) » Definitions » Retained Earnings

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STKKF:USA RJN:Germany

Address

40 Kings Park Road, Level 1, West Perth, Perth, WA, AUS, 6005

Website

https://www.strikeenergy.com.au

Strike is operator across all 3,000 square kilometers of its Perth Basin acreage and has grown its net gas reserve and resource position to become the largest in the basin at 1,022 PJ. It has also achieved first production from its Walyering gas field. Walyering's intended 33 terajoules/d of gross production will generate material cash flows albeit to short five years life. The cash will regardless be useful for the undertaking additional projects with Strike targeting up to four gas fields being online by the end of 2026. In addition to Walyering, these include South Erregulla, West Erregulla and Ocean Hill. The more ambitious Project Haber, Strike's proposed multibillion dollar 1.4 million metric tons per year urea manufacturing facility, is now on the backburner.