Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.20.2
Earnings Per Share
 6 Months Ended
Jun. 30, 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 and six months ended June 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 during the three months ended June 30, 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 six months ended June 30, 2020. For the three and six months ended June 30, 2019, under the if-converted method, the 7.00% Convertible Notes would have resulted in an additional 2,108,848 common shares outstanding.
 
For the Three Months Ended
 
For the Six Months Ended
 
June 30, 2020
 
June 30, 2019
 
June 30, 2020
 
June 30, 2019
Net Income (Loss) attributable to CorEnergy Stockholders
$
(137,434,433
)
 
$
9,824,926

 
$
(299,476,801
)
 
$
13,691,367

Less: preferred dividend requirements
2,309,672

 
2,313,780

 
4,570,465

 
4,627,908

Net Income (Loss) attributable to Common Stockholders
$
(139,744,105
)
 
$
7,511,146

 
$
(304,047,266
)
 
$
9,063,459

Weighted average shares - basic
13,651,521

 
12,811,171

 
13,649,907

 
12,708,626

Basic earnings (loss) per share
$
(10.24
)
 
$
0.59

 
$
(22.27
)
 
$
0.71

 
 
 
 
 
 
 
 
Net Income (loss) attributable to Common Stockholders (from above)
$
(139,744,105
)
 
$
7,511,146

 
$
(304,047,266
)
 
$
9,063,459

Add: After tax effect of convertible interest
—

 
—

 
—

 
—

Income (loss) attributable for dilutive securities
$
(139,744,105
)
 
$
7,511,146

 
$
(304,047,266
)
 
$
9,063,459

Weighted average shares - diluted
13,651,521

 
12,811,171

 
13,649,907

 
12,708,626

Diluted earnings (loss) per share
$
(10.24
)
 
$
0.59

 
$
(22.27
)
 
$
0.71