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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Texas Pacific Land's retained earnings for the quarter that ended in Dec. 2023 was $1,171.7 Mil.
Texas Pacific Land's quarterly retained earnings increased from Jun. 2023 ($1,002.9 Mil) to Sep. 2023 ($1,083.5 Mil) and increased from Sep. 2023 ($1,083.5 Mil) to Dec. 2023 ($1,171.7 Mil).
Texas Pacific Land's annual retained earnings increased from Dec. 2021 ($668.0 Mil) to Dec. 2022 ($866.1 Mil) and increased from Dec. 2022 ($866.1 Mil) to Dec. 2023 ($1,171.7 Mil).
The historical data trend for Texas Pacific Land'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.
Texas Pacific Land Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | - | - | 668.03 | 866.14 | 1,171.67 |
Texas Pacific Land 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 | 866.14 | 927.54 | 1,002.93 | 1,083.51 | 1,171.67 |
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.
Texas Pacific Land (NYSE:TPL) 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.
Murray Stahl | director | C/O HORIZON KINETICS LLC, 470 PARK AVE S 8TH FL S, NEW YORK NY 10016 |
Horizon Kinetics Asset Management Llc | 10 percent owner | 470 PARK AVENUE SOUTH, 4TH FLOOR SOUTH, NEW YORK NY 10016 |
Rhys J Best | director | MRC GLOBAL INC., 2 HOUSTON CENTER, 909 FANNIN, SUITE 3100, HOUSTON TX 77010 |
Donald G Cook | director | 100 FIRST STAMFORD PLACE, STAMFORD CT 06902 |
Micheal W. Dobbs | officer: Senior VP, Secretory + GC | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Karl F Kurz | director | DEVON ENERGY CORP., 333 W. SHERIDAN AVE, OKLAHOMA CITY OK 73102 |
Stephanie Buffington | officer: Chief Accounting Officer | |
Dana F. Mcginnis | director | 112 E PECAN STREET, SUITE 1425, SAN ANTONIO TX 78025 |
Barbara J Duganier | director | 6 CARLTON PARK COURT, HOUSTON TX 77024-7316 |
Norris John R Iii | director | 3811 TURTLE CREEK BLVD #400, C/O CALOWAY NORRIS & BURDETTE, DALLAS TX 75219 |
Donna E Epps | director | 11465 JOHNS CREEK PARKWAY, SUITE400, JOHNS CREEK GA 30097 |
Eric L Oliver | director | 303 W WALL, SUITE 1700, MIDLAND TX 79701 |
Chris Steddum | officer: Chief Financial Officer | 1700 PACIFIC AVENUE, SUITE 2900, DALLAS TX 75201 |
Tyler Glover | director, officer: President & CEO | 1700 PACIFIC AVENUE, SUITE 2770, C/O TEXAS PACIFIC LAND TRUST, DALLAS TX 75201 |
David E. Barry | director | C/O SIDRA REAL ESTATE, INC., TWO RIVERWAY, SUITE 1010, HOUSTON TX 77056 |
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