AltaGas (FRA:AQ3) Retained Earnings : €-558 Mil (As of Dec. 2023)

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What is AltaGas Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AltaGas's retained earnings for the quarter that ended in Dec. 2023 was €-558 Mil.

AltaGas's quarterly retained earnings declined from Jun. 2023 (€-502 Mil) to Sep. 2023 (€-589 Mil) but then increased from Sep. 2023 (€-589 Mil) to Dec. 2023 (€-558 Mil).

AltaGas's annual retained earnings increased from Dec. 2021 (€-859 Mil) to Dec. 2022 (€-794 Mil) and increased from Dec. 2022 (€-794 Mil) to Dec. 2023 (€-558 Mil).

AltaGas Retained Earnings Historical Data

The historical data trend for AltaGas'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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AltaGas Retained Earnings Chart

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-958.84

-764.95

-859.42

-793.56

-558.43

AltaGas 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															-793.56	-529.70	-501.59	-589.30	-558.43

AltaGas 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.

AltaGas (FRA:AQ3) 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.

AltaGas (FRA:AQ3) Business Description

Industry

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ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada ALA:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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