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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Chord Energy's retained earnings for the quarter that ended in Dec. 2023 was $1,961 Mil.
Chord Energy's quarterly retained earnings increased from Jun. 2023 ($1,616 Mil) to Sep. 2023 ($1,767 Mil) and increased from Sep. 2023 ($1,767 Mil) to Dec. 2023 ($1,961 Mil).
Chord Energy's annual retained earnings increased from Dec. 2021 ($270 Mil) to Dec. 2022 ($1,445 Mil) and increased from Dec. 2022 ($1,445 Mil) to Dec. 2023 ($1,961 Mil).
The historical data trend for Chord 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.
Chord Energy Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | 554.45 | -49.91 | 269.69 | 1,445.49 | 1,960.64 |
Chord Energy Quarterly Data | |||||||||||||||||||
Dec18 | 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 | 1,445.49 | 1,537.61 | 1,616.17 | 1,766.87 | 1,960.64 |
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.
Chord Energy (NAS:CHRD) 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.
Michael H Lou | officer: See Remarks | 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002 |
Paul Korus | director | C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404 |
Charles J. Rimer | officer: See Remarks | NOBLE ENERGY INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Lynn A Peterson | director, officer: Executive Chair | 1625 BROADWAY, SUITE 250, DENVER CO 80202 |
Shannon Browning Kinney | officer: EVP, GC and Corp Secretary | 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002 |
Samantha Holroyd | director | 1711 MARAVILLA DR., HOUSTON TX 77055 |
John David Jacobi | director | 5300 TOWN AND COUNTRY BLVD, SUITE 500, FRISCO TX 75034 |
Robert Joseph Mcnally | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
Anne Taylor | director | 800 GESSNER, SUITE 500, HOUSTON TX 77024 |
Lancaster N John Jr | director | 712 FIFTH AVENUE, 19TH FLOOR, NEW YORK NY 10019 |
Kevin S Mccarthy | director | C/O KAYNE ANDERSON CAPITAL ADVISORS, LP, 1800 AVENUE OF THE STARS, SECOND FLOOR, LOS ANGELES CA 90067 |
Susan M Cunningham | director | NOBLE ENERGY, INC., 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
Taylor L Reid | officer: President and COO | 1001 FANNIN STREET, SUITE 202, HOUSTON TX 77002 |
Daniel E Brown | director, officer: See Remarks | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Nickolas J Lorentzatos | officer: Executive VP, GC & Corp. Sec. | 1001 FANNIN STREET, SUITE 1500, HOUSTON TX 77002 |
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