True North Energy (True North Energy) Retained Earnings : $-21.77 Mil (As of Oct. 2008)

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What is True North Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. True North Energy's retained earnings for the quarter that ended in Oct. 2008 was $-21.77 Mil.

True North Energy's quarterly retained earnings declined from Apr. 2008 ($-21.01 Mil) to Jul. 2008 ($-21.19 Mil) and declined from Jul. 2008 ($-21.19 Mil) to Oct. 2008 ($-21.77 Mil).

True North Energy's annual retained earnings declined from Apr. 2006 ($-0.15 Mil) to Apr. 2007 ($-9.22 Mil) and declined from Apr. 2007 ($-9.22 Mil) to Apr. 2008 ($-21.01 Mil).

True North Energy Retained Earnings Historical Data

The historical data trend for True North 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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True North Energy Retained Earnings Chart

True North Energy Annual Data

Trend

Apr05

Apr06

Apr07

Apr08

Retained Earnings

-0.03

-0.15

-9.22

-21.01

True North Energy Quarterly Data
	Jul05	Oct05	Jan06	Apr06	Jul06	Oct06	Jan07	Apr07	Jul07	Oct07	Jan08	Apr08	Jul08	Oct08
Retained Earnings	Get a 7-Day Free Trial									-19.39	-20.07	-21.01	-21.19	-21.77

True North 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.

True North Energy (OTCPK:TNEN) 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.

True North Energy (True North Energy) Business Description

Industry

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Address

7151 Gaston Avenue, Suite 801, Dallas, TX, USA, 75214

Website

https://www.tnencorp.com

True North Energy Corp is an independent oil and gas company. It is engaged in the acquisition, exploration, development, and production of oil and gas properties located throughout the United States. The company currently holds assets in Colorado and Oklahoma.