CorEnergy Infrastructure Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE

3 Months Ended

Mar. 31, 2022

EARNINGS (LOSS) PER SHAREBasic earnings (loss) per share data is computed based on the weighted-average number of shares of Common Stock and Class B 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 and Class B Common Stock outstanding, including all potentially issuable shares of Common Stock. Diluted earnings (loss) per share for the three months ended March 31, 2022 and 2021 excludes the impact to income and the number of shares outstanding from the conversion of the 5.875% Convertible Notes, because such impact is antidilutive.

Under the if converted method, the 5.875% Convertible Notes would result in an additional 2,361,000, common shares outstanding for the three months ended March 31, 2022.


	For the Three Months Ended
	March 31, 2022		March 31, 2021
Net Income (loss)	$	4,364,757	$	(10,694,263)
Less: Net income attributable to non-controlling interest	$	2,060,294	$	1,605,308
Net income (loss) attributable to CorEnergy	$	2,304,463	$	(12,299,571)
Less: preferred dividend requirements	2,388,130		2,309,672
Net loss attributable to Common Stockholders	$	(83,667)	$	(14,609,243)
Weighted average common shares - basic	15,600,926		13,651,521
Basic loss per common share	$	(0.01)	$	(1.07)

Net loss attributable to Common Stockholders (from above)	$	(83,667)	$	(14,609,243)

Loss attributable for dilutive securities	$	(83,667)	$	(14,609,243)
Weighted average common shares - diluted	15,600,926		13,651,521
Diluted loss per common share	$	(0.01)	$	(1.07)