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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. DCP Midstream LP's retained earnings for the quarter that ended in Mar. 2023 was $0 Mil.
The historical data trend for DCP Midstream LP'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.
DCP Midstream LP Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | - | - | - | - | - |
DCP Midstream LP Quarterly Data | ||||||||||||||||||||
Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | |
Retained Earnings | Get a 7-Day Free Trial | - | - | - | - | - |
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.
DCP Midstream LP (NYSE:DCP) 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.
Scott Richard Delmoro | officer: Principal Financial Officer | 6900 E. LAYTON AVE, SUITE 900, DENVER CO 80237 |
Timothy D. Roberts | director | C/O PHILLIPS 66 PARTNERS LP, 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
Clifford Todd Denton | director | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Co | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
66 Phillips | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips 66 Project Development Inc. | 10 percent owner | P.O. BOX 4428, HOUSTON TX 77210 |
Phillips 66 Project Shareholder Inc. | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Phillips Gas Co Llc | 10 percent owner | 2331 CITYWEST BLVD., HOUSTON TX 77042 |
Kevin J Mitchell | director | 3010 BRIARPARK DRIVE, HOUSTON TX 77042 |
William L. Johnson | officer: President | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
George R. Green | officer: Group VP & General Counsel | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Heather Crowder | director | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Stephen J Neyland | director | 5400 WESTHEIMER COURT, HOUSTON TX 77056 |
Sean O'brien | officer: Group Vice President and CFO | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
Richard A. Loving | officer: Vice President and Controller | 370 17TH STREET, SUITE 2500, DENVER CO 80202 |
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