Vitesse Energy (MEX:VTS) Retained Earnings : MXN-394 Mil (As of Mar. 2024)

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What is Vitesse Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Vitesse Energy's retained earnings for the quarter that ended in Mar. 2024 was MXN-394 Mil.

Vitesse Energy's quarterly retained earnings increased from Sep. 2023 (MXN-723 Mil) to Dec. 2023 (MXN-366 Mil) but then declined from Dec. 2023 (MXN-366 Mil) to Mar. 2024 (MXN-394 Mil).

Vitesse Energy's annual retained earnings stayed the same from Nov. 2021 (MXN0 Mil) to Dec. 2022 (MXN0 Mil) but then declined from Dec. 2022 (MXN0 Mil) to Dec. 2023 (MXN-366 Mil).

Vitesse Energy Retained Earnings Historical Data

The historical data trend for Vitesse 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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Vitesse Energy Retained Earnings Chart

Vitesse Energy Annual Data

Trend

Nov19

Nov20

Nov21

Dec22

Dec23

Retained Earnings

-366.24

Vitesse Energy Quarterly Data
	Nov19	Nov20	Aug21	Nov21	Aug22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial						-894.89	-686.22	-722.76	-366.24	-394.36

Vitesse 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.

Vitesse Energy (MEX:VTS) 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.

Vitesse Energy (MEX:VTS) Business Description

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VTS:USA

Address

9200 E. Mineral Avenue, Suite 200, Centennial, CO, USA, 80112

Website

https://www.vitesse-vts.com

Vitesse Energy Inc is an independent energy company engaged in the acquisition, development, and production of non-operated oil and natural gas properties in the United States that are generally operated by oil companies and are in the Bakken and Three Forks formations in the Williston Basin of North Dakota and Montana. The company also have properties in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin.