Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share (Tables)

v2.4.1.9
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2015
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
The following table sets forth the computation of basic and diluted earnings per share:
Earnings Per Share
 
For The Three Months Ended
 
March 31, 2015
 
March 31, 2014
Net income attributable to CorEnergy stockholders
$
4,086,628

 
$
2,105,159

Less: preferred dividend requirements
737,500

 
—

Net income attributable to common stockholders
3,349,128

 
2,105,159

Basic and diluted weighted average shares (1)
46,613,258

 
29,973,357

Basic and diluted earnings per share attributable to common stockholders
$
0.07

 
$
0.07

(1)
Warrants to purchase shares of common stock were outstanding during the 2014 period reflected in the table above, but were not included in the computation of diluted earnings per share because the warrants’ exercise price was greater than the average market value of the common shares and, therefore, the effect would be anti-dilutive.