Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

v3.20.2
Earnings (Loss) Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Earnings (Loss) Per Share EARNINGS (LOSS) PER SHARE
Basic loss per share data is computed based on the weighted-average number of shares of common stock outstanding during the periods. Diluted 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 loss per share for the three and nine months ended September 30, 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. The remaining 7.00% Convertible Notes matured on June 15, 2020.
Under the if converted method, the 5.875% Convertible Notes would result in an additional 2,361,000 common shares outstanding for the three and nine months ended September 30, 2020. For the three and nine months ended September 30, 2019, under the if-converted method, the 7.00% Convertible Notes and 5.875% Convertible Notes would have resulted in an additional 2,567,454 common shares outstanding.
For the Three Months Ended For the Nine Months Ended
September 30, 2020 September 30, 2019 September 30, 2020 September 30, 2019
Net Loss attributable to CorEnergy Stockholders $ (3,919,098) $ (19,419,600) $ (303,395,899) $ (5,728,233)
Less: preferred dividend requirements 2,309,672  2,313,780  6,880,137  6,941,688 
Net Loss attributable to Common Stockholders $ (6,228,770) $ (21,733,380) $ (310,276,036) $ (12,669,921)
Weighted average shares - basic 13,651,521  13,188,546  13,650,449  12,870,357 
Basic loss per share $ (0.46) $ (1.65) $ (22.73) $ (0.98)
Net Loss attributable to Common Stockholders (from above) $ (6,228,770) $ (21,733,380) $ (310,276,036) $ (12,669,921)
Add: After tax effect of convertible interest —  —  —  — 
Loss attributable for dilutive securities $ (6,228,770) $ (21,733,380) $ (310,276,036) $ (12,669,921)
Weighted average shares - diluted 13,651,521  13,188,546  13,650,449  12,870,357 
Diluted loss per share $ (0.46) $ (1.65) $ (22.73) $ (0.98)