EXIXQ.PFD (Energy XXI) Retained Earnings : $-4,631.40 Mil (As of Sep. 2016)

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What is Energy XXI Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Energy XXI's retained earnings for the quarter that ended in Sep. 2016 was $-4,631.40 Mil.

Energy XXI's quarterly retained earnings declined from Mar. 2016 ($-4,304.35 Mil) to Jun. 2016 ($-4,500.26 Mil) and declined from Jun. 2016 ($-4,500.26 Mil) to Sep. 2016 ($-4,631.40 Mil).

Energy XXI's annual retained earnings declined from Jun. 2014 ($-103.37 Mil) to Jun. 2015 ($-2,573.11 Mil) and declined from Jun. 2015 ($-2,573.11 Mil) to Jun. 2016 ($-4,500.26 Mil).

Energy XXI Retained Earnings Historical Data

The historical data trend for Energy XXI'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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Energy XXI Retained Earnings Chart

Energy XXI Annual Data

Trend

Jun07

Jun08

Jun09

Jun10

Jun11

Jun12

Jun13

Jun14

Jun15

Jun16

Retained Earnings

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-153.95

-29.35

-103.37

-2,573.11

-4,500.26

Energy XXI Quarterly Data
	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16
Retained Earnings	Get a 7-Day Free Trial															-3,149.36	-4,462.75	-4,304.35	-4,500.26	-4,631.40

Energy XXI 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.

Energy XXI (OTCPK:EXIXQ.PFD) 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.

Energy XXI Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Energy XXI Ltd (OTCPK:EXIXQ.PFD) » Definitions » Retained Earnings

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Address

Website

http://www.energyxxi.com

Energy XXI Ltd, formerly Energy XXI (Bermuda) Ltd was incorporated in Bermuda on July 25, 2005. The Company's properties are located onshore in Louisiana and Texas and in the Gulf of Mexico Shelf.

Executives

Norman Louie	director	280 PARK AVENUE 4TH FLOOR EAST, NEW YORK NY 10017
James Lachance	director	C/O FRIENDFINDER NETWORKS INC., 6800 BROKEN SOUND PKWY., BOCA RATON FL 33487
Bruce W Busmire	officer: Chief Financial Officer	1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380
Scott A Griffiths	director	2220 DUNSTAN ROAD, HOUSTON TX 77005
Todd Reid	officer: Sr VP, Marketing & Risk Mgmt	1021 MAIN ST, SUITE 2626, HOUSTON TX 77002
Pinho Antonio De	officer: Sr. VP, JV, OBO, Technology	1021 MAIN ST. SUITE 2626, HOUSTON TX 77002
Kevin S Flannery	director
Dupre Ii Cornelius	director	510 BERING, STE 455, HOUSTON TX 77057
Third Point Offshore Fund, Ltd.	10 percent owner	C/O INTERNATIONAL FUND SERVICES(IRELAND), BISHOP'S SQUARE, REDMOND'S HILL, DUBLIN 2 L2 00000
Hugh A Menown	officer: Vice Pres, Chief Acct Officer	808 TRAVIS, SUITE 850, HOUSTON TX 77002
Paul Davison	director	SELWOOD RICKFORD WORPLESDON, SURREY X0 GU3 3PJ
Hill A Feinberg	director	3131 MAPLE AVENUE #14-E, DALLAS TX 75201-1206
Stewart Lawrence	officer: Vice President, Inv. Relations	1021 MAIN (ONE CITY CENTRE), SUITE 2626, HOUSTON TX 77002
Rick D Fox	other: Controller	1021 MAIN (ONE CITY CENTRE), SUITE 2626, HOUSTON TX 77002
David M Dunwoody	director	3417 MILAM, HOUSTON TX 77002