Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Galp Energia SGPS's retained earnings for the quarter that ended in Mar. 2026 was $3,086 Mil.
Galp Energia SGPS's quarterly retained earnings
increased
from Sep. 2025 ($3,364 Mil) to Dec. 2025 ($3,532 Mil) but then
declined
from Dec. 2025 ($3,532 Mil) to Mar. 2026 ($3,086 Mil).
Galp Energia SGPS's annual retained earnings
increased
from Dec. 2023 ($2,385 Mil) to Dec. 2024 ($2,532 Mil) and
increased
from Dec. 2024 ($2,532 Mil) to Dec. 2025 ($3,532 Mil).
Galp Energia SGPS (OTCPK:GLPEF) 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.
Galp Energia SGPS Retained Earnings Historical Data
* Premium members only.
The historical data trend for Galp Energia SGPS'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.
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.
Galp Energia SGPS (GLPEF) has a Retained Earnings of $3,086 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on Galp Energia SGPS and its competitors.
Is Galp Energia SGPS's Retained Earnings too high?
Galp Energia SGPS's current Retained Earnings is $3,086 Mil. Overall, Galp Energia SGPS has a GF Score™ of 72/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Galp Energia SGPS's Retained Earnings compare to XOM and CVX?
Galp Energia SGPS's Retained Earnings of $3,086 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on Galp Energia SGPS and its competitors. Galp Energia SGPS's current Retained Earnings is $3,086 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Galp Energia SGPS stock overvalued right now?
Based on GuruFocus' analysis, Galp Energia SGPS (GLPEF) is currently considered Modestly Overvalued. The stock's GF Value™ is $18.67, compared to a current price of $21.58 — trading 15.6% above its estimated fair value. The current Retained Earnings is $3,086 Mil. Galp Energia SGPS's overall GF Score™ is 72/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For Galp Energia SGPS (GLPEF), the current Retained Earnings is $3,086 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Galp Energia SGPS (GLPEF) Overvalued in 2026?
Based on GuruFocus' analysis, Galp Energia SGPS stock appears to be overvalued.
The current stock price of $21.58 is trading 15.6% above its estimated GF Value™ of $18.67.
GuruFocus considers Galp Energia SGPS to be Modestly Overvalued.
Key valuation signals for GLPEF:
Retained Earnings: $3,086 Mil
GF Value™: $18.67 vs. price of $21.58 (15.6% above fair value)
No single metric tells the full story. See the GLPEF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Galp Energia SGPS SA is an integrated operator with business lines spanning from exploration and production to refining and marketing of oil products. Its operating segments include Upstream, Industrial and Midstream, Commercial and Renewables, and New Businesses. The Upstream segment involves, management of all activities relating to the exploration, development, and production of hydrocarbons. The Industrial & Midstream segment operates the Sines industrial site in Portugal, which includes all current refining activities, The Commercial segment encompasses the area of retail to final B2B and B2C customers of oil, gas, electricity, and convenience. The Renewables & New Businesses segment represents Galp's presence in the renewable and new energies space.
72GF Score
Get the complete analysis for GLPEF
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
GLPEF has been successfully added to your 
