Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v3.10.0.1
Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Computation of basic and diluted 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 nine months ended September 30, 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 3,453,273 common shares outstanding.
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2018
 
September 30, 2017
 
September 30, 2018
 
September 30, 2017
Net income attributable to CorEnergy stockholders
$
7,697,324

 
$
9,177,284

 
$
23,215,881

 
$
25,846,934

Less: preferred dividend requirements
2,396,875

 
2,396,875

 
7,190,625

 
5,557,113

Net income attributable to common stockholders
$
5,300,449

 
$
6,780,409

 
$
16,025,256

 
$
20,289,821

Weighted average shares - basic
11,939,360

 
11,904,933

 
11,928,929

 
11,896,803

Basic earnings per share
$
0.44

 
$
0.57

 
$
1.34

 
$
1.71

 
 
 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
5,300,449

 
$
6,780,409

 
$
16,025,256

 
$
20,289,821

Add: After tax effect of convertible interest

 

 

 

Income attributable for dilutive securities
$
5,300,449

 
$
6,780,409

 
$
16,025,256

 
$
20,289,821

Weighted average shares - diluted
11,939,360

 
11,904,933

 
11,928,929

 
11,896,803

Diluted earnings per share
$
0.44

 
$
0.57

 
$
1.34

 
$
1.71