Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Income

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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenue    
Lease revenue $ 16,717,710 $ 17,591,859
Total Revenue 21,622,832 21,544,838
Expenses    
Transportation and distribution expenses 1,503,143 1,572,896
General and administrative 2,870,407 2,727,057
Depreciation, amortization and ARO accretion expense 5,645,096 6,289,330
Provision for loan losses 0 500,000
Total Expenses 10,018,646 11,089,283
Operating Income 11,604,186 10,455,555
Other Income (Expense)    
Net distributions and other income 256,615 3,951
Net realized and unrealized gain on other equity securities 0 13,966
Interest expense (2,507,294) (3,210,590)
Loss on extinguishment of debt (5,039,731) 0
Total Other Expense (7,290,410) (3,192,673)
Income before income taxes 4,313,776 7,262,882
Taxes    
Current tax expense (benefit) 353,744 (35,549)
Deferred tax expense (benefit) 93,591 (409,277)
Income tax expense (benefit), net 447,335 (444,826)
Net Income attributable to CorEnergy Stockholders 3,866,441 7,707,708
Preferred dividend requirements 2,314,128 2,396,875
Net Income attributable to Common Stockholders $ 1,552,313 $ 5,310,833
Earnings Per Common Share:    
Basic (in dollars per share) $ 0.12 $ 0.45
Diluted (in dollars per share) $ 0.12 $ 0.45
Weighted Average Shares of Common Stock Outstanding:    
Basic (in shares) 12,604,943 11,918,904
Diluted (in shares) 12,604,943 11,918,904
Dividends declared per share (in dollars per share) $ 0.750 $ 0.750
Transportation and distribution revenue    
Revenue    
Revenue $ 4,871,582 $ 3,952,979
Financing revenue    
Revenue    
Revenue $ 33,540 $ 0