Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.7.0.1
Earnings Per Share
6 Months Ended
Jun. 30, 2017
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 three and six months ended June 30, 2017 and for the six months ended June 30, 2016 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes because such impact would be antidilutive.
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2017
 
June 30, 2016
 
June 30, 2017
 
June 30, 2016
Net income attributable to CorEnergy stockholders
$
9,000,172

 
$
8,954,527

 
$
16,669,650

 
$
12,345,648

Less: preferred dividend requirements
2,123,129

 
1,037,109

 
3,160,238

 
2,074,218

Net income attributable to common stockholders
$
6,877,043

 
$
7,917,418

 
$
13,509,412

 
$
10,271,430

Weighted average shares - basic
11,896,616

 
11,912,030

 
11,892,670

 
11,927,984

Basic earnings per share
$
0.58

 
$
0.66

 
$
1.14

 
$
0.86

 
 
 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
6,877,043

 
$
7,917,418

 
$
13,509,412

 
$
10,271,430

Add: After tax effect of convertible interest (1)

 
2,181,958

 

 

Income attributable for dilutive securities
$
6,877,043

 
$
10,099,376

 
$
13,509,412

 
$
10,271,430

Weighted average shares - diluted
11,896,616

 
15,383,892

 
11,892,670

 
11,927,984

Diluted earnings per share
$
0.58

 
$
0.66

 
$
1.14

 
$
0.86

(1) The interest amounts in this line include the amortization of deferred costs and the amortization of the discount on the Convertible Notes. There is no income tax effect due to the Company's REIT status.