Quarterly report pursuant to Section 13 or 15(d)

EARNINGS (LOSS) PER SHARE

v3.22.2.2
EARNINGS (LOSS) PER SHARE
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
EARNINGS (LOSS) PER SHARE EARNINGS (LOSS) PER SHARE
Basic 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 and Class B Common Stock. Diluted earnings (loss) per share for the three and nine months ended September 30, 2022 and 2021 excludes the impact to income and the number of shares outstanding from restricted stock units and 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 and nine months ended September 30, 2022.
For the Three Months Ended For the Nine Months Ended
September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021
Net Income (Loss) $ (15,501,704) $ 5,919,971  $ (8,966,821) $ (2,346,883)
Less: Net income attributable to non-controlling interest $ 601,048  $ 3,155,685  $ 3,628,013  $ 6,775,863 
Net Income (Loss) attributable to CorEnergy $ (16,102,752) $ 2,764,286  $ (12,594,834) $ (9,122,746)
Less: preferred dividend requirements 2,388,130  2,388,130  7,164,390  7,007,474 
Net Income (Loss) attributable to Common Stockholders $ (18,490,882) $ 376,156  $ (19,759,224) $ (16,130,220)
Weighted average common shares - basic 15,773,469  15,426,226  15,683,331  14,252,305 
Basic earnings (loss) per common share $ (1.17) $ 0.02  $ (1.26) $ (1.13)
Net loss attributable to Common Stockholders (from above) $ (18,490,882) $ 376,156  $ (19,759,224) $ (16,130,220)
Weighted average common shares - diluted 15,773,469  15,426,226  15,683,331  14,252,305 
Diluted earnings (loss) per common share $ (1.17) $ 0.02  $ (1.26) $ (1.13)