Pengrowth Energy (Pengrowth Energy) Retained Earnings : $-3,643.3 Mil (As of Sep. 2019)

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What is Pengrowth Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pengrowth Energy's retained earnings for the quarter that ended in Sep. 2019 was $-3,643.3 Mil.

Pengrowth Energy's quarterly retained earnings declined from Mar. 2019 ($-3,461.0 Mil) to Jun. 2019 ($-3,539.9 Mil) and declined from Jun. 2019 ($-3,539.9 Mil) to Sep. 2019 ($-3,643.3 Mil).

Pengrowth Energy's annual retained earnings declined from Dec. 2016 ($-2,513.7 Mil) to Dec. 2017 ($-3,161.4 Mil) and declined from Dec. 2017 ($-3,161.4 Mil) to Dec. 2018 ($-3,420.7 Mil).

Pengrowth Energy Retained Earnings Historical Data

The historical data trend for Pengrowth 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.

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Pengrowth Energy Retained Earnings Chart

Pengrowth Energy Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Retained Earnings

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-1,617.41

-2,230.95

-2,513.68

-3,161.41

-3,420.74

Pengrowth Energy Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Retained Earnings	Get a 7-Day Free Trial															-3,140.33	-3,420.74	-3,461.00	-3,539.92	-3,643.31

Pengrowth 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.

Pengrowth Energy (NYSE:PGH) 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.

Pengrowth Energy (Pengrowth Energy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Pengrowth Energy Corp (NYSE:PGH) » Definitions » Retained Earnings

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Address

222 Third Avenue SW, Suite 2100, Calgary, AB, CAN, T2P 0B4

Website

http://www.pengrowth.com

Pengrowth Energy Corp is an intermediate Canadian oil and natural gas producer. The company has exposure to the Cardium light oil play, Swan Hills light oil play, and Montney natural gas projects in Canada. Pengrowth's production consists of natural gas, oil, and natural gas liquids, with natural gas constituting a predominant majority of production. Royalties are needed for Pengrowth to explore and develop any oilfields it may come across. Pengrowth actively controls where its production is shipped so that it can monitor and take advantage of favorable pricing opportunities in North American markets.