Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2020
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic earnings (loss) per share data is computed based on the weighted-average number of shares of common stock outstanding during the periods. Diluted earnings (loss) per share data is computed based on the weighted-average number of shares of common stock outstanding, including all potentially issuable shares of common stock. Diluted earnings (loss) per share for the three months ended March 31, 2020 and 2019 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Notes and the 5.875% Convertible Notes, as applicable, 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 Notes and 5.875% Convertible Notes would result in an additional 2,450,788 common shares outstanding for the three months ended March 31, 2020. For the three months ended March 31, 2019, under the if-converted method, the 7.00% Convertible Notes would have resulted in an additional 2,126,545 common shares outstanding.
 
For the Three Months Ended
 
March 31, 2020
 
March 31, 2019
Net Income (Loss) attributable to CorEnergy Stockholders
$
(162,042,368
)
 
$
3,866,441

Less: preferred dividend requirements
2,260,793

 
2,314,128

Net Income (Loss) attributable to Common Stockholders
$
(164,303,161
)
 
$
1,552,313

Weighted average shares - basic
13,648,293

 
12,604,943

Basic earnings (loss) per share
$
(12.04
)
 
$
0.12

 
 
 
 
Net Income (loss) attributable to Common Stockholders (from above)
$
(164,303,161
)
 
$
1,552,313

Add: After tax effect of convertible interest
—

 
—

Income (loss) attributable for dilutive securities
$
(164,303,161
)
 
$
1,552,313

Weighted average shares - diluted
13,648,293

 
12,604,943

Diluted earnings (loss) per share
$
(12.04
)
 
$
0.12