Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.10.0.1
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
Earnings Per Share
 
For the Years Ended December 31,
 
2018
 
2017
 
2016
Net income attributable to CorEnergy stockholders
$
43,711,876

 
$
32,602,790

 
$
29,663,200

Less: preferred dividend requirements(1)
9,548,377

 
7,953,988

 
4,148,437

Net income attributable to common stockholders
$
34,163,499

 
$
24,648,802

 
$
25,514,763

Weighted average shares - basic
11,935,021

 
11,900,516

 
11,901,985

Basic earnings per share
$
2.86

 
$
2.07

 
$
2.14

 
 
 
 
 
 
Net income attributable to common stockholders (from above)
$
34,163,499

 
$
24,648,802

 
$
25,514,763

Add: After tax effect of convertible interest
8,766,306

 

 

Income attributable for dilutive securities
$
42,929,805

 
$
24,648,802

 
$
25,514,763

Weighted average shares - diluted
15,389,180

 
11,900,516

 
11,901,985

Diluted earnings per share
$
2.79

 
$
2.07

 
$
2.14

(1) In connection with the repurchases of Series A Preferred Stock during the year ended December 31, 2018, preferred dividend requirements were reduced by $10,554 representing the discount in the repurchase price paid compared to the carrying amount derecognized.