LNG Energy Group (TSXV:LNGE) Retained Earnings : C$-13.84 Mil (As of Sep. 2024)

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What is LNG Energy Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. LNG Energy Group's retained earnings for the quarter that ended in Sep. 2024 was C$-13.84 Mil.

LNG Energy Group's quarterly retained earnings declined from Dec. 2023 (C$1.23 Mil) to Mar. 2024 (C$-5.61 Mil) and declined from Mar. 2024 (C$-5.61 Mil) to Sep. 2024 (C$-13.84 Mil).

LNG Energy Group's annual retained earnings increased from . 20 (C$0.00 Mil) to May. 2022 (C$-24.78 Mil) but then declined from May. 2022 (C$-24.78 Mil) to May. 2023 (C$-25.15 Mil).

LNG Energy Group Retained Earnings Historical Data

The historical data trend for LNG Energy Group'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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LNG Energy Group Retained Earnings Chart

LNG Energy Group Annual Data

Trend

May22

May23

Retained Earnings

-24.78

-25.15

LNG Energy Group Quarterly Data
	May22	Aug22	Dec22	Mar23	Jul23	Dec23	Mar24	Sep24
Retained Earnings	Get a 7-Day Free Trial			-1.14	-25.63	1.23	-5.61	-13.84

LNG Energy Group 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.

LNG Energy Group (TSXV:LNGE) 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.

LNG Energy Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » LNG Energy Group Corp (TSXV:LNGE) » Definitions » Retained Earnings

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Traded in Other Exchanges

E26:Germany

Address

40 Temperance Street, Suite 3200, Bay Adelaide Centre - North Tower, Toronto, ON, CAN, M5H 0B4

Website

https://www.lngenergygroup.com

LNG Energy Group Corp is a production, exploration and development company focused on natural gas projects in South America. LNG Energy has entered into a binding agreement with respect to the purchase of 100% of LEC and will own and operate the SSJN-1 Block, the SSJN-3-1 Block, the Perdices Block, the VIM-41 Block, and the VIM-42 Block. The company's business objective is to build a diversified energy company in South America and is currently focused on Colombia.

Executives

Michael Galego	Director, Senior Officer
Pablo Navarro	Director, Senior Officer

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