Annual report pursuant to Section 13 and 15(d)

Earnings Per Share

v3.8.0.1
Earnings Per Share
 12 Months Ended
Dec. 31, 2017
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 years ended December 31, 2017, 2016 and 2015 exclude the impact to income and to the potential number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes because such impact is antidilutive. If converted, the 7.00% Convertible Senior Notes would result in an additional 3,454,545 common shares outstanding.
Earnings Per Share
 
For the Years Ended December 31,
 
2017
 
2016
 
2015
Net income attributable to CorEnergy stockholders
$
32,602,790

 
$
29,663,200

 
$
12,319,911

Less: preferred dividend requirements
7,953,988

 
4,148,437

 
3,848,828

Net income attributable to common stockholders
$
24,648,802

 
$
25,514,763

 
$
8,471,083

Weighted average shares - basic
11,900,516

 
11,901,985

 
10,685,892

Basic earnings per share
$
2.07

 
$
2.14

 
$
0.79

 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
24,648,802

 
$
25,514,763

 
$
8,471,083

Add: After tax effect of convertible interest
—

 
—

 
—

Income attributable for dilutive securities
$
24,648,802

 
$
25,514,763

 
$
8,471,083

Weighted average shares - diluted
11,900,516

 
11,901,985

 
10,685,892

Diluted earnings per share
$
2.07

 
$
2.14

 
$
0.79