ProPetro Holding (FRA:2PG) Retained Earnings : €-47 Mil (As of Sep. 2024)

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What is ProPetro Holding Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ProPetro Holding's retained earnings for the quarter that ended in Sep. 2024 was €-47 Mil.

ProPetro Holding's quarterly retained earnings declined from Mar. 2024 (€82 Mil) to Jun. 2024 (€79 Mil) and declined from Jun. 2024 (€79 Mil) to Sep. 2024 (€-47 Mil).

ProPetro Holding's annual retained earnings increased from Dec. 2021 (€-16 Mil) to Dec. 2022 (€-16 Mil) and increased from Dec. 2022 (€-16 Mil) to Dec. 2023 (€63 Mil).

ProPetro Holding Retained Earnings Historical Data

The historical data trend for ProPetro Holding'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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ProPetro Holding Retained Earnings Chart

ProPetro Holding Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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128.32

29.23

-16.49

-15.67

63.30

ProPetro Holding Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															80.72	63.30	81.85	79.25	-46.64

ProPetro Holding 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.

ProPetro Holding (FRA:2PG) 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.

ProPetro Holding Business Description

Industry

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PUMP:USA

Address

303 W. Wall Street, Suite 102, Midland, TX, USA, 79701

Website

https://www.propetroservices.com

ProPetro Holding Corp is a Texas-based oilfield services company. It provides hydraulic fracturing, wireline, and other complementary services to oil and gas companies engaged in the exploration and production of North American oil and natural gas resources. The company focused on the Permian Basin. The operating segments of the company are hydraulic fracturing which generates key revenue, wireline, cementing, and coiled tubing.

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