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KWTEF (Kiwetinohk Energy) Retained Earnings : $190.3 Mil (As of Sep. 2024)


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What is Kiwetinohk Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kiwetinohk Energy's retained earnings for the quarter that ended in Sep. 2024 was $190.3 Mil.

Kiwetinohk Energy's quarterly retained earnings declined from Mar. 2024 ($186.0 Mil) to Jun. 2024 ($164.3 Mil) but then increased from Jun. 2024 ($164.3 Mil) to Sep. 2024 ($190.3 Mil).

Kiwetinohk Energy's annual retained earnings increased from Dec. 2021 ($-48.6 Mil) to Dec. 2022 ($94.8 Mil) and increased from Dec. 2022 ($94.8 Mil) to Dec. 2023 ($179.4 Mil).


Kiwetinohk Energy Retained Earnings Historical Data

The historical data trend for Kiwetinohk 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.

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Kiwetinohk Energy Retained Earnings Chart

Kiwetinohk Energy Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Retained Earnings
-22.62 -48.63 94.77 179.37

Kiwetinohk Energy Quarterly Data
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 142.14 179.37 185.97 164.31 190.26

Kiwetinohk Energy 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.


Kiwetinohk Energy  (OTCPK:KWTEF) 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.


Kiwetinohk Energy Business Description

Traded in Other Exchanges
Address
250 - 2nd Street SW, Suite 1700, Calgary, AB, CAN, T2P 0C1
Kiwetinohk Energy Corp develops and produces natural gas and related products and is in the process of developing renewable, natural gas-fired power, carbon capture, and hydrogen clean energy projects. The Company's business activities include an upstream segment involved in the exploration and development of petroleum and natural gas in western Canada and a power segment involved in evaluating and developing low carbon solutions for the energy industry and securing access to downstream markets including power and hydrogen.

Kiwetinohk Energy Headlines