EARNINGS PER SHARE |
EARNINGS PER SHARE
The following table sets forth the computation of basic and diluted earnings per share:
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Earnings Per Share |
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For the three months ended |
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For the Six Months Ended |
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June 30, 2015 |
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June 30, 2014 |
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June 30, 2015 |
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June 30, 2014 |
Net income attributable to CorEnergy stockholders |
$ |
4,185,138 |
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$ |
3,005,908 |
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$ |
8,271,766 |
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$ |
5,111,067 |
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Less: preferred dividend requirements |
1,037,109 |
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— |
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1,774,609 |
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— |
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Net income attributable to common stockholders |
$ |
3,148,029 |
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$ |
3,005,908 |
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$ |
6,497,157 |
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$ |
5,111,067 |
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Weighted average shares - basic |
47,618,765 |
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31,637,568 |
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47,118,789 |
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30,810,060 |
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Basic earnings per share |
$ |
0.07 |
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$ |
0.10 |
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$ |
0.14 |
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$ |
0.17 |
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Net income attributable to common stockholders (from above) |
$ |
3,148,029 |
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$ |
3,005,908 |
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$ |
6,497,157 |
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$ |
5,111,067 |
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Add: After tax effect of convertible interest |
44,722 |
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— |
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44,722 |
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— |
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Income attributable for dilutive securities |
$ |
3,192,751 |
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$ |
3,005,908 |
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$ |
6,541,879 |
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$ |
5,111,067 |
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Weighted average shares - diluted |
49,317,067 |
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31,637,568 |
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47,972,632 |
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30,810,060 |
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Diluted earnings per share |
$ |
0.06 |
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$ |
0.10 |
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$ |
0.14 |
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$ |
0.17 |
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