KLX Energy Services Holdings (KLX Energy Services Holdings) Retained Earnings : $-509.4 Mil (As of Dec. 2023)

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What is KLX Energy Services Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. KLX Energy Services Holdings's retained earnings for the quarter that ended in Dec. 2023 was $-509.4 Mil.

KLX Energy Services Holdings's quarterly retained earnings increased from Jun. 2023 ($-507.8 Mil) to Sep. 2023 ($-500.2 Mil) but then declined from Sep. 2023 ($-500.2 Mil) to Dec. 2023 ($-509.4 Mil).

KLX Energy Services Holdings's annual retained earnings declined from Jan. 2021 ($-433.1 Mil) to Dec. 2022 ($-528.6 Mil) but then increased from Dec. 2022 ($-528.6 Mil) to Dec. 2023 ($-509.4 Mil).

KLX Energy Services Holdings Retained Earnings Historical Data

The historical data trend for KLX Energy Services Holdings'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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KLX Energy Services Holdings Retained Earnings Chart

KLX Energy Services Holdings Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Dec22

Dec23

Retained Earnings

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-4.50

-100.90

-433.10

-528.60

-509.40

KLX Energy Services Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-528.60	-519.20	-507.80	-500.20	-509.40

KLX Energy Services Holdings 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.

KLX Energy Services Holdings (NAS:KLXE) 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.

KLX Energy Services Holdings (KLX Energy Services Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » KLX Energy Services Holdings Inc (NAS:KLXE) » Definitions » Retained Earnings

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KX4A:Germany

Address

3040 Post Oak Boulevard, 15th Floor, Houston, TX, USA, 77056

Website

https://www.klxenergy.com

KLX Energy Services Holdings Inc is a provider of completion, intervention and production services and products to the onshore oil and gas producing regions of the United States. It serves the companies engaged in the exploration and development of North American onshore conventional and unconventional oil and natural gas reserves. Its products and services offerings include surface facilities and equipment, pressure control services, wireline services, fishing services, and engineered products. The company's segments include Southwest; Rocky Mountains and Northeast/Mid-Con region.

Executives

Christopher J. Baker	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2900, HOUSTON TX 77002
Keefer Mcgovern Lehner	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Geoffrey C Stanford	officer: Chief Accouting Officer	4400 POST OAK PARKWAY, SUITE 1000, HOUSTON TX 77027
Max Bouthillette	officer: See Remarks	C/O QUINTANA ENERGY SERVICES, 1415 LOUISIANA STREET, SUITE 2400, HOUSTON TX 77002
Denham Capital Management Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Capital Management Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Gp Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Stuart D Porter	10 percent owner	200 CLARENDON ST, 25TH FLOOR, BOSTON MA 02116
Denham Iv Continuation Gp Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Investment Holdings Llc	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Denham Iv Continuation Fund Lp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Greene's Holding Corp	10 percent owner	185 DARTMOUTH STREET, BOSTON MA 02116
Robertson Corbin J Jr	director, 10 percent owner, other: Member of 10% owner group	601 JEFFERSON STE 3600, HOUSTON TX 77002
John T Whates	director	1400 CORPORATE CENTER WAY, WELLINGTON FL 33414
John T Collins	director	THE COLLINS GROUP, 60 STATE ST, SUITE 700, BOSTON MA 02109