Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.3.0.814
Earnings Per Share
 9 Months Ended
Sep. 30, 2015
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 months and nine months ended September 30, 2015 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes, because to do so would be antidilutive.
Earnings Per Share
 
For the Three Months Ended
 
For the Nine Months Ended
 
September 30, 2015
 
September 30, 2014
 
September 30, 2015
 
September 30, 2014
Net income attributable to CorEnergy stockholders
$
427,219

 
$
1,888,418

 
$
8,698,985

 
$
6,999,485

Less: preferred dividend requirements
1,037,109

 
—

 
2,811,719

 
—

Net income attributable to common stockholders
$
(609,890
)
 
$
1,888,418

 
$
5,887,266

 
$
6,999,485

Weighted average shares - basic
59,620,742

 
31,641,851

 
51,331,901

 
31,090,370

Basic earnings per share
$
(0.01
)
 
$
0.06

 
$
0.11

 
$
0.23

 
 
 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
(609,890
)
 
$
1,888,418

 
$
5,887,266

 
$
6,999,485

Add: After tax effect of convertible interest
—

 
—

 
—

 
—

Income attributable for dilutive securities
$
(609,890
)
 
$
1,888,418

 
$
5,887,266

 
$
6,999,485

Weighted average shares - diluted
59,620,742

 
31,641,851

 
51,331,901

 
31,090,370

Diluted earnings per share
$
(0.01
)
 
$
0.06

 
$
0.11

 
$
0.23