PBF Energy (STU:PEN) Retained Earnings : €3,833 Mil (As of Mar. 2024)

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What is PBF Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PBF Energy's retained earnings for the quarter that ended in Mar. 2024 was €3,833 Mil.

PBF Energy's quarterly retained earnings declined from Sep. 2023 (€3,906 Mil) to Dec. 2023 (€3,750 Mil) but then increased from Dec. 2023 (€3,750 Mil) to Mar. 2024 (€3,833 Mil).

PBF Energy's annual retained earnings increased from Dec. 2021 (€-705 Mil) to Dec. 2022 (€1,941 Mil) and increased from Dec. 2022 (€1,941 Mil) to Dec. 2023 (€3,750 Mil).

PBF Energy Retained Earnings Historical Data

The historical data trend for PBF 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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PBF Energy Retained Earnings Chart

PBF Energy Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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361.08

-844.28

-704.55

1,940.86

3,750.44

PBF Energy 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															2,252.90	3,144.85	3,906.26	3,750.44	3,833.36

PBF 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.

PBF Energy (STU:PEN) 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.

PBF Energy (STU:PEN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » PBF Energy Inc (STU:PEN) » Definitions » Retained Earnings

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Address

One Sylvan Way, Second Floor, Parsippany, NJ, USA, 07054

Website

https://www.pbfenergy.com

PBF Energy Inc is an independent petroleum refiner and supplier of unbranded transportation fuels, heating oil, petrochemical feedstocks, lubricants, and other petroleum products in the United States. The company owns refineries in Delaware, Ohio, New Jersey, California, and Louisiana. The Company operates in two reportable business segments: Refining and Logistics. The Company's oil refineries are all engaged in the refining of crude oil and other feedstocks into petroleum products and are aggregated into the Refining segment. PBFX operates logistics assets such as crude oil and refined products terminals, pipelines and storage facilities. The Logistics segment consists solely of PBFX's operations.