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Vertex Energy (Vertex Energy) Retained Earnings : $-187 Mil (As of Dec. 2023)


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What is Vertex Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vertex Energy's retained earnings for the quarter that ended in Dec. 2023 was $-187 Mil.

Vertex Energy's quarterly retained earnings increased from Jun. 2023 ($-143 Mil) to Sep. 2023 ($-124 Mil) but then declined from Sep. 2023 ($-124 Mil) to Dec. 2023 ($-187 Mil).

Vertex Energy's annual retained earnings declined from Dec. 2021 ($-111 Mil) to Dec. 2022 ($-116 Mil) and declined from Dec. 2022 ($-116 Mil) to Dec. 2023 ($-187 Mil).


Vertex Energy Retained Earnings Historical Data

The historical data trend for Vertex 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.

Vertex Energy Retained Earnings Chart

Vertex 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 -59.25 -90.01 -110.61 -115.89 -187.38

Vertex 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 -115.89 -62.03 -143.43 -123.59 -187.38

Vertex 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.


Vertex Energy  (NAS:VTNR) 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.


Vertex Energy (Vertex Energy) Business Description

Traded in Other Exchanges
Address
1331 Gemini Street, Suite 250, Houston, TX, USA, 77058
Vertex Energy Inc is an environmental services company that recycles industrial waste streams and off-specification commercial chemical products. Its operating segments are Refining and Marketing, and Recovery. The company generates maximum revenue from the Refining and Marketing segment. The company collects used oil from businesses such as oil change service stations, automotive repair shops, petroleum refineries, and petrochemical manufacturing operations.
Executives
Christopher Allen Stratton director 1331 GEMINI STREET, #250, HOUSTON TX 77058
Alvaro Ruiz officer: Chief Strategy Officer 86 S KNIGHTS CROSSING DR, THE WOODLANDS TX 77382
James Gary Rhame officer: Chief Operating Officer 2601 RYDER COURT, LEAGUE CITY TX 77573
Benjamin P Cowart director, 10 percent owner, officer: CEO AND PRESIDENT 2506 DEEP OAK COURT, HOUSTON TX 77059
Douglas Scott Haugh officer: Chief Commercial Officer 865 DUNHAM STREET, DANIEL ISLAND SC 29492
Karen Kay Maston director 3770 OLYMPIA DRIVE, HOUSTON TX 77019
Odeh Khoury director 6 GREYTON LN, HOUSTON TX 77024
David L Phillips director P.O. BOX 37167, HOUSTON TX 77237
John Noel Strickland officer: COO 2030 ASHTON WAY, BAINBRIDGE GA 39819
Timothy C Harvey director 15 COLONEL WINSTEAD DRIVE, BRENTWOOD TN 37027
James P Gregory director 1225 EYE STREET NW SUITE 900, WASHINGTON DC 22209
David Peel officer: COO 1427 SHELL FISH CT., MT. PLEASANT SC 29466
Dan Borgen director 9500 NEW CENTURY, PASADENA TX 77507
Matthew Lieb officer: CHIEF OPERATING OFFICER 13500 EVENING CREEK DRIVE #440, SAN DIEGO CA 92128
Chris Carlson officer: CFO AND SECRETARY 4418 CEDAR RIDGE TRAIL, HOUSTON TX 77059

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