Annual report pursuant to Section 13 and 15(d)

Earnings Per Share (Tables)

v3.19.3.a.u2
Earnings Per Share (Tables)
12 Months Ended
Dec. 31, 2019
Earnings Per Share [Abstract]  
Computation of basic and diluted earnings per share
Earnings Per Share
 
For the Years Ended December 31,
 
2019
 
2018
 
2017
Net Income attributable to CorEnergy Stockholders
$
4,079,495

 
$
43,711,876

 
$
32,602,790

Less: preferred dividend requirements(1) (2)
9,255,468

 
9,548,377

 
7,953,988

Net Income (Loss) attributable to Common Stockholders
$
(5,175,973
)
 
$
34,163,499

 
$
24,648,802

Weighted average shares - basic
13,041,613

 
11,935,021

 
11,900,516

Basic earnings (loss) per share
$
(0.40
)
 
$
2.86

 
$
2.07

 
 
 
 
 
 
Net Income (Loss) attributable to Common Stockholders (from above)
$
(5,175,973
)
 
$
34,163,499

 
$
24,648,802

Add: After tax effect of convertible interest

 
8,766,306

 

Income (Loss) attributable for dilutive securities
$
(5,175,973
)
 
$
42,929,805

 
$
24,648,802

Weighted average shares - diluted
13,041,613

 
15,389,180

 
11,900,516

Diluted earnings (loss) per share
$
(0.40
)
 
$
2.79

 
$
2.07

(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.
(2) In connection with the repurchases of Series A Preferred Stock during the year ended December 31, 2019, preferred dividend requirements were increased by $245 representing the premium in the repurchase price paid compared to the carrying amount derecognized.