| Computation of basic and diluted earnings per share |
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| Earnings (Loss) Per Share |
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For the Years Ended December 31, |
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2020 |
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2019 |
|
2018 |
| Net Income (Loss) attributable to CorEnergy Stockholders |
$ |
(306,067,579) |
|
|
$ |
4,079,495 |
|
|
$ |
43,711,876 |
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Less: preferred dividend requirements(1) (2)
|
9,189,809 |
|
|
9,255,468 |
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|
9,548,377 |
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| Net Income (Loss) attributable to Common Stockholders |
$ |
(315,257,388) |
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|
$ |
(5,175,973) |
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|
$ |
34,163,499 |
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| Weighted average shares - basic |
13,650,718 |
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|
13,041,613 |
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|
11,935,021 |
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| Basic earnings (loss) per share |
$ |
(23.09) |
|
|
$ |
(0.40) |
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|
$ |
2.86 |
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|
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|
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| Net Income (Loss) attributable to Common Stockholders (from above) |
$ |
(315,257,388) |
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|
$ |
(5,175,973) |
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|
$ |
34,163,499 |
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| Add: After tax effect of convertible interest |
— |
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|
— |
|
|
8,766,306 |
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| Income (Loss) attributable for dilutive securities |
$ |
(315,257,388) |
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|
$ |
(5,175,973) |
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|
$ |
42,929,805 |
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| Weighted average shares - diluted |
13,650,718 |
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|
13,041,613 |
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|
15,389,180 |
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| Diluted earnings (loss) per share |
$ |
(23.09) |
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|
$ |
(0.40) |
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|
$ |
2.79 |
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(1) In connection with the repurchases of Series A Preferred Stock during the year ended December 31, 2020 and 2018, preferred dividend requirements were reduced by $52,896 and $10,554, respectively, representing the discount in the repurchase price paid compared to the carrying amount derecognized. |
(2) In connection with the repurchases of Series A Preferred Stock during the year ended December 31, 2019, preferred dividend requirements were increased by $245 representing the premium in the repurchase price paid compared to the carrying amount derecognized. |
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