Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2018
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 months ended March 31, 2018 and 2017 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes because such impact is antidilutive. If converted, the 7.00% Convertible Senior Notes would result in an additional 3,454,545 common shares outstanding.
 
For the Three Months Ended
 
March 31, 2018
 
March 31, 2017
Net income attributable to CorEnergy stockholders
$
7,707,708

 
$
7,669,478

Less: preferred dividend requirements
2,396,875

 
1,037,109

Net income attributable to common stockholders
$
5,310,833

 
$
6,632,369

Weighted average shares - basic
11,918,904

 
11,888,681

Basic earnings per share
$
0.45

 
$
0.56

 
 
 
 
Net income attributable to common stockholders (from above)
$
5,310,833

 
$
6,632,369

Add: After tax effect of convertible interest
—

 
—

Income attributable for dilutive securities
$
5,310,833

 
$
6,632,369

Weighted average shares - diluted
11,918,904

 
11,888,681

Diluted earnings per share
$
0.45

 
$
0.56