Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.6.0.2
Earnings Per Share
 12 Months Ended
Dec. 31, 2016
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings per share data is computed based on the weighted average number of shares of common stock outstanding during the periods. Diluted EPS data is computed based on the weighted average number of shares of common stock outstanding, including all potentially issuable shares of common stock. Diluted EPS for the years ended December 31, 2016 and 2015excludes the impact to income and to the potential number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes, because such impact would be antidilutive.
Earnings Per Share
 
For the Years Ended December 31,
 
2016
 
2015
 
2014
Net income attributable to CorEnergy stockholders
$
29,663,200

 
$
12,319,911

 
$
7,013,856

Less: preferred dividend requirements
4,148,437

 
3,848,828

 
—

Net income attributable to common stockholders
$
25,514,763

 
$
8,471,083

 
$
7,013,856

Weighted average shares - basic
11,901,985

 
10,685,892

 
6,605,715

Basic earnings per share
$
2.14

 
$
0.79

 
$
1.06

 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
25,514,763

 
$
8,471,083

 
$
7,013,856

Add: After tax effect of convertible interest
—

 
—

 
—

Income attributable for dilutive securities
$
25,514,763

 
$
8,471,083

 
$
7,013,856

Weighted average shares - diluted
11,901,985

 
10,685,892

 
6,605,715

Diluted earnings per share
$
2.14

 
$
0.79

 
$
1.06