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Crescent Point Energy (Crescent Point Energy) Retained Earnings : $-7,605 Mil (As of Dec. 2023)


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What is Crescent Point Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Crescent Point Energy's retained earnings for the quarter that ended in Dec. 2023 was $-7,605 Mil.

Crescent Point Energy's quarterly retained earnings declined from Jun. 2023 ($-7,680 Mil) to Sep. 2023 ($-8,193 Mil) but then increased from Sep. 2023 ($-8,193 Mil) to Dec. 2023 ($-7,605 Mil).

Crescent Point Energy's annual retained earnings increased from Dec. 2021 ($-9,257 Mil) to Dec. 2022 ($-7,776 Mil) and increased from Dec. 2022 ($-7,776 Mil) to Dec. 2023 ($-7,605 Mil).


Crescent Point Energy Retained Earnings Historical Data

The historical data trend for Crescent Point 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.

* Premium members only.

Crescent Point Energy Retained Earnings Chart

Crescent Point Energy Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -8,836.59 -11,059.49 -9,256.80 -7,775.71 -7,604.73

Crescent Point Energy Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -7,775.71 -7,574.14 -7,680.19 -8,192.67 -7,604.73

Crescent Point 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.


Crescent Point Energy  (NYSE:CPG) 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.


Crescent Point Energy (Crescent Point Energy) Business Description

Traded in Other Exchanges
Address
585 - 8th Avenue S.W., Suite 2000, Calgary, AB, CAN, T2P 1G1
Crescent Point Energy Corp is an independent exploration and production company. It is engaged in acquiring, developing, and holding interests in petroleum and natural gas properties and assets related thereto through a general partnership and wholly-owned subsidiaries. The company generates maximum revenue from Oil and gas sales.