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Prairie Operating Co (Prairie Operating Co) Retained Earnings : $-87.89 Mil (As of Mar. 2024)


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What is Prairie Operating Co Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Prairie Operating Co's retained earnings for the quarter that ended in Mar. 2024 was $-87.89 Mil.

Prairie Operating Co's quarterly retained earnings declined from Sep. 2023 ($-55.40 Mil) to Dec. 2023 ($-78.85 Mil) and declined from Dec. 2023 ($-78.85 Mil) to Mar. 2024 ($-87.89 Mil).

Prairie Operating Co's annual retained earnings increased from Dec. 2021 ($-47.31 Mil) to Dec. 2022 ($0.00 Mil) but then declined from Dec. 2022 ($0.00 Mil) to Dec. 2023 ($-78.85 Mil).


Prairie Operating Co Retained Earnings Historical Data

The historical data trend for Prairie Operating Co'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.

* Premium members only.

Prairie Operating Co Retained Earnings Chart

Prairie Operating Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -28.10 -30.04 -47.31 - -78.85

Prairie Operating Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
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 Premium Member Only Premium Member Only -61.70 -20.99 -55.40 -78.85 -87.89

Prairie Operating Co 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.


Prairie Operating Co  (NAS:PROP) 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.


Prairie Operating Co (Prairie Operating Co) Business Description

Traded in Other Exchanges
N/A
Address
8636 N. Classen Boulevard, Suite 110-502, Oklahoma, OK, USA, 73114
Prairie Operating Co develops and operates bitcoin mining scaled-up facilities using natural gas to power the operations. It generates substantially all its revenue through cryptocurrency, which it earns through mining activities.
Executives
James W. Wallis 10 percent owner 6410 NORTH SANTA FE AVE., STE B, OKLAHOMA CITY OK 73116
Daniel T. Sweeney officer: General Counsel & Corp. Sec'y 8636 N. CLASSEN BOULEVARD, OKLAHOMA CITY OK 73114
Jonathan H. Gray director 657 PERUGIA WAY, LOS ANGELES CA 90077
Erik Thoresen director C/O FUSION ACQUISITION CORP. II, 667 MADISON AVENUE, NEW YORK NY 10065
Robert Craig Owen officer: Chief Financial Officer 2350 N. SAM HOUSTON PARKWAY EAST, SUITE 125, HOUSTON TX 77032
Stephen Lee director 3326 MID LANE, HOUSTON TX 77027
Jeremy Landon Ham officer: Chief Commercial Officer 12115 DOUBLE TREE DRIVE, HOUSTON TX 77070
Michael Martin Breen director LOWSLEY HOUSE 133 HEADLEY ROAD, LIPHOOK X0 GU30 7PU
Paul Kessler director, 10 percent owner 555 MARIN STREET, SUITE 140, THOUSAND OAKS CA 91360
Bryan Freeman officer: Exec VP of Operations 16200 PARK ROW, SUITE 300, HOUSTON TX 77084
Gary C Hanna director, officer: President
Gizman I Abbas director 415 WASHINGTON STREET, APT 1B, NEW YORK NY 10013
Edward Kovalik director, officer: Chief Executive Officer 1 GRAND ARMY PLAZA, 11 GG, BROOKLYN NY 11238
Scott D Kaufman director, 10 percent owner, officer: Chairman, CEO and President MIDUSMMER INVESTMENT LTD, 485 MADISON AVENUE 23RD FLOOR, NEW YORK NY 10022
Alan Louis Urban officer: Chief Financial Officer 1524 CLOVERFIELD BOULEVARD, SUITE E, SANTA MONICA CA 90404