1st NRG (1st NRG) Retained Earnings : $-7.24 Mil (As of Sep. 2009)

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What is 1st NRG Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. 1st NRG's retained earnings for the quarter that ended in Sep. 2009 was $-7.24 Mil.

1st NRG's quarterly retained earnings declined from Mar. 2009 ($-7.00 Mil) to Jun. 2009 ($-7.10 Mil) and declined from Jun. 2009 ($-7.10 Mil) to Sep. 2009 ($-7.24 Mil).

1st NRG's annual retained earnings declined from Dec. 2006 ($-5.08 Mil) to Dec. 2007 ($-5.77 Mil) and declined from Dec. 2007 ($-5.77 Mil) to Dec. 2008 ($-6.89 Mil).

1st NRG Retained Earnings Historical Data

The historical data trend for 1st NRG'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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1st NRG Retained Earnings Chart

1st NRG Annual Data

Trend

Dec99

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Retained Earnings

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-4.74

-4.91

-5.08

-5.77

-6.89

1st NRG Quarterly Data
	Dec04	Mar05	Jun05	Sep05	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09
Retained Earnings	Get a 7-Day Free Trial															-2.63	-6.89	-7.00	-7.10	-7.24

1st NRG 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.

1st NRG (OTCPK:FNRC) 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.

1st NRG (1st NRG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » 1st NRG Corp (OTCPK:FNRC) » Definitions » Retained Earnings

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Address

1531 Stout Street, Suite 607, Denver, CO, USA, 80202

Website

http://1stnrg-corp.com

1st NRG Corp is an exploration and production company. The company is primarily engaged in the development of natural gas producing properties in the Powder River Basin of Wyoming. The company operates in one industry segment, the exploration, development, production, and sale of oil and natural gas. Its project portfolio comprises Clabaugh ranch, eastern Ohio - Beekmantown dolomite, and coalbed methane.

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