Promigas (BOG:PROMIGAS) Retained Earnings : COP3,532,072 Mil (As of Sep. 2023)

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What is Promigas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Promigas's retained earnings for the quarter that ended in Sep. 2023 was COP3,532,072 Mil.

Promigas's quarterly retained earnings increased from Mar. 2023 (COP3,028,344 Mil) to Jun. 2023 (COP3,280,858 Mil) and increased from Jun. 2023 (COP3,280,858 Mil) to Sep. 2023 (COP3,532,072 Mil).

Promigas's annual retained earnings increased from Dec. 2020 (COP2,799,754 Mil) to Dec. 2021 (COP3,197,236 Mil) and increased from Dec. 2021 (COP3,197,236 Mil) to Dec. 2022 (COP3,483,644 Mil).

Promigas Retained Earnings Historical Data

The historical data trend for Promigas'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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Promigas Retained Earnings Chart

Promigas Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

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1,922,309.33

2,315,563.37

2,799,754.08

3,197,235.58

3,483,643.52

Promigas Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Retained Earnings	Get a 7-Day Free Trial															3,443,059.08	3,483,643.52	3,028,344.49	3,280,857.60	3,532,071.79

Promigas 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.

Promigas (BOG:PROMIGAS) 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.

Promigas (BOG:PROMIGAS) Business Description

Industry

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Address

Calle 66 No. 67 - 123, Barranquilla, COL

Website

https://www.promigas.com

Promigas SA is engaged in the purchase, sale, transportation, distribution, exploitation, and exploration of natural gas, oil, and hydrocarbons in general, and the gas and oil activities in all their forms. It operates in five segments: Gas transportation, Gas distribution, Integrated solutions for the industry and power generation, Power distribution, and Non-bank financing. The transmission business consists of natural gas transmission, energy generation, and liquid natural gas. The distribution business consists of natural gas distribution, non-banking financing, and electrical power distribution. The company generates the majority of its revenue from the transport and distribution of natural gas.

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