Energean (LSE:ENOG) Retained Earnings : £30 Mil (As of Dec. 2023)

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What is Energean Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Energean's retained earnings for the quarter that ended in Dec. 2023 was £30 Mil.

Energean's quarterly retained earnings declined from Dec. 2022 (£46 Mil) to Jun. 2023 (£15 Mil) but then increased from Jun. 2023 (£15 Mil) to Dec. 2023 (£30 Mil).

Energean's annual retained earnings increased from Dec. 2021 (£-267 Mil) to Dec. 2022 (£46 Mil) but then declined from Dec. 2022 (£46 Mil) to Dec. 2023 (£30 Mil).

Energean Retained Earnings Historical Data

The historical data trend for Energean'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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Energean Retained Earnings Chart

Energean Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-40.68

-107.68

-266.63

46.15

29.94

Energean Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial									-266.63	214.51	46.15	15.29	29.94

Energean 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.

Energean (LSE:ENOG) 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.

Energean (LSE:ENOG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energean PLC (LSE:ENOG) » Definitions » Retained Earnings

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EERGF:USA ENOG:Israel ENOGl:UK 1YE:Germany

Address

44 Baker Street, 3rd Floor, Accurist House, London, GBR, W1U 7AL

Website

https://www.energean.com

Energean PLC is an oil and gas company. The principal activity of the group is the exploration, production, and commercialization of crude oil and natural gas. Its segments are Europe (including Greece, Italy, the UK, and Croatia), Israel, Egypt, and New Ventures (Montenegro and Malta). The company's majority of its revenue comes from the European segment of crude oil sales.

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