Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.3
Earnings Per Share
 9 Months Ended
Sep. 30, 2019
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 nine months ended September 30, 2019 and 2018 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes and the 5.875% Convertible Senior Notes because such impact is antidilutive.
Under the if converted method, and after consideration of the common shares issued in the Convertible Notes exchanges and conversions discussed in Note 10 ("Debt"), the 7.00% Convertible Senior Notes and 5.875% Convertible Senior Notes would result in an additional 2,567,454 common shares outstanding for both the three and nine months ended September 30, 2019. For the three and nine months ended September 30, 2018, the if-converted method would have resulted in an additional 3,453,273 common shares outstanding.
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2019
 
September 30, 2018
 
September 30, 2019
 
September 30, 2018
Net Income (loss) attributable to CorEnergy Stockholders
$
(19,419,600
)
 
$
7,697,324

 
$
(5,728,233
)
 
$
23,215,881

Less: preferred dividend requirements
2,313,780

 
2,396,875

 
6,941,688

 
7,190,625

Net Income (loss) attributable to Common Stockholders
$
(21,733,380
)
 
$
5,300,449

 
$
(12,669,921
)
 
$
16,025,256

Weighted average shares - basic
13,188,546

 
11,939,360

 
12,870,357

 
11,928,929

Basic earnings (loss) per share
$
(1.65
)
 
$
0.44

 
$
(0.98
)
 
$
1.34

 
 
 
 
 
 
 
 
Net Income (loss) attributable to Common Stockholders (from above)
$
(21,733,380
)
 
$
5,300,449

 
$
(12,669,921
)
 
$
16,025,256

Add: After tax effect of convertible interest
—

 
—

 
—

 
—

Income (loss) attributable for dilutive securities
$
(21,733,380
)
 
$
5,300,449

 
$
(12,669,921
)
 
$
16,025,256

Weighted average shares - diluted
13,188,546

 
11,939,360

 
12,870,357

 
11,928,929

Diluted earnings (loss) per share
$
(1.65
)
 
$
0.44

 
$
(0.98
)
 
$
1.34