Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.2.0.727
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
Earnings Per Share
 
For the three months ended
 
For the Six Months Ended
 
June 30, 2015
 
June 30, 2014
 
June 30, 2015
 
June 30, 2014
Net income attributable to CorEnergy stockholders
$
4,185,138

 
$
3,005,908

 
$
8,271,766

 
$
5,111,067

Less: preferred dividend requirements
1,037,109

 
—

 
1,774,609

 
—

Net income attributable to common stockholders
$
3,148,029

 
$
3,005,908

 
$
6,497,157

 
$
5,111,067

Weighted average shares - basic
47,618,765

 
31,637,568

 
47,118,789

 
30,810,060

Basic earnings per share
$
0.07

 
$
0.10

 
$
0.14

 
$
0.17

 
 
 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
3,148,029

 
$
3,005,908

 
$
6,497,157

 
$
5,111,067

Add: After tax effect of convertible interest
44,722

 
—

 
44,722

 
—

Income attributable for dilutive securities
$
3,192,751

 
$
3,005,908

 
$
6,541,879

 
$
5,111,067

Weighted average shares - diluted
49,317,067

 
31,637,568

 
47,972,632

 
30,810,060

Diluted earnings per share
$
0.06

 
$
0.10

 
$
0.14

 
$
0.17