Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenue    
Total Revenue $ 29,342,172 $ 32,872,351
Expenses    
General and administrative 6,771,582 5,142,865
Depreciation and amortization 4,031,627 3,976,667
Total Expenses 28,284,272 25,258,024
Operating Income 1,057,900 7,614,327
Other Income (expense)    
Other income 141,813 120,542
Interest expense (4,404,565) (3,146,855)
Total Other Expense (4,262,752) (3,026,313)
Income (Loss) before income taxes (3,204,852) 4,588,014
Taxes    
Current tax expense 7,076 151,044
Deferred tax expense (benefit) (11,595) 72,213
Income tax expense (benefit), net (4,519) 223,257
Net Income (Loss) (3,200,333) 4,364,757
Less: Net income attributable to non-controlling interest 809,212 809,212
Net Income (Loss) attributable to CorEnergy Infrastructure Trust, Inc. (4,009,545) 3,555,545
Preferred dividend requirements 2,388,130 2,388,130
Net Income (Loss) attributable to Common Stockholders $ (6,397,675) $ 1,167,415
Net Income (Loss) Per Common Share:    
Dividends declared per share (in dollars per share) $ 0 $ 0.050
Capital Stock    
Taxes    
Net Income (Loss) attributable to Common Stockholders $ (6,123,517) $ 1,148,886
Weighted Average Shares of Common Stock Outstanding:    
Weighted average shares outstanding - basic (in shares) 15,272,267 14,917,165
Weighted average common shares - diluted (in shares) 15,737,224 15,382,122
Net Income (Loss) Per Common Share:    
Basic net income (loss) per share (in dollars per share) $ (0.40) $ 0.08
Diluted net income (loss) per share (in dollars per share) $ (0.41) $ 0.08
Common Stock | Class B Common Stock    
Taxes    
Net Income (Loss) attributable to Common Stockholders $ (274,158) $ 18,529
Weighted Average Shares of Common Stock Outstanding:    
Weighted average shares outstanding - basic (in shares) 683,761 683,761
Weighted average common shares - diluted (in shares) 683,761 683,761
Net Income (Loss) Per Common Share:    
Basic net income (loss) per share (in dollars per share) $ (0.40) $ 0.03
Diluted net income (loss) per share (in dollars per share) $ (0.40) $ 0.03
Transportation and distribution    
Revenue    
Revenue from contracts with customers $ 29,343,386 $ 29,761,354
Expenses    
Cost of revenue 17,481,063 13,945,843
Pipeline loss allowance subsequent sales    
Revenue    
Revenue from contracts with customers 0 2,731,763
Expenses    
Cost of revenue 0 2,192,649
Lease and other revenue    
Revenue    
Revenue from contracts with customers $ (1,214) $ 379,234