Annual report pursuant to Section 13 and 15(d)

QUARTERLY FINANCIAL DATA (UNAUDITED) - Restated Earning Per Share (Details)

v3.23.1
QUARTERLY FINANCIAL DATA (UNAUDITED) - Restated Earning Per Share (Details) - USD ($)
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2021
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Earnings Per Share Reconciliation [Abstract]                              
Net income (loss) $ (552,849) $ (15,501,704) $ 2,170,126 $ 4,364,757 $ (188,675) $ 5,919,971 $ 2,427,409 $ (10,694,263) $ 6,534,883 $ (8,266,854) $ (8,966,821) $ (2,346,883) $ (9,519,669) $ (2,535,558) $ (306,067,579)
Non-controlling interest income allocation (809,212) (809,212) (809,212) (809,212) (809,212) (1,046,304) (1,010,951) 0 (1,618,424) (1,010,951) (2,427,636) (2,057,255) (3,236,848) (2,866,467) 0
Preferred dividend requirements   2,388,130 2,388,130 2,388,130   2,388,130 2,309,672 2,309,672 4,776,260 4,619,344 7,164,390 7,007,474 9,552,519 9,395,604 9,189,809
Net Loss attributable to common stockholders (3,750,191) (18,699,046) (1,027,216) 1,167,415 (3,386,017) 2,485,537 (893,214) (13,003,935) 140,199 (13,897,149) (18,558,847) (11,411,612) (22,309,036) (14,797,629) (315,257,388)
Numerator for diluted net loss per share             $ (893,214) $ (13,003,935)   $ (13,897,149)         $ (315,257,388)
Weighted average shares - basic (in shares)               13,651,521             13,650,718
Weighted average shares - diluted (in shares)               13,651,521             13,650,718
Basic loss per share (in dollars per share)             $ (0.07) $ (0.95)   $ (1.02)         $ (23.09)
Diluted loss per share (in dollars per share)             $ (0.07) $ (0.95)   $ (1.02)         $ (23.09)
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Net income (loss) (552,849) (15,501,704) 2,170,126 4,364,757 (188,675) 5,919,971 $ 2,427,409 $ (10,694,263) 6,534,883 $ (8,266,854) (8,966,821) (2,346,883) (9,519,669) (2,535,558) $ (306,067,579)
Less: Net Income attributable to non-controlling interest 809,212 809,212 809,212 809,212 809,212 1,046,304 1,010,951 0 1,618,424 1,010,951 2,427,636 2,057,255 3,236,848 2,866,467 0
Net Loss attributable to CorEnergy Infrastructure Trust, Inc. (1,362,061) (16,310,916) 1,360,914 3,555,545 (997,887) 4,873,667 1,416,458 (10,694,263) 4,916,459 (9,277,805) (11,394,457) (4,404,138) (12,756,517) (5,402,025) (306,067,579)
Preferred dividend requirements   2,388,130 2,388,130 2,388,130   2,388,130 2,309,672 2,309,672 4,776,260 4,619,344 7,164,390 7,007,474 9,552,519 9,395,604 9,189,809
Total undistributed losses - basic   (19,452,089) (1,775,247) 422,756   1,744,007     (1,352,491)   (20,804,580) (13,518,293) (25,313,615) (17,647,655)  
Total undistributed losses - diluted   (20,295,314) (1,852,692) 441,285   1,817,107           (13,518,293) (26,413,681) (17,647,655)  
Numerator for basic net loss per share $ (3,750,191) (18,699,046) (1,027,216) 1,167,415 $ (3,386,017) 2,485,537 (893,214) (13,003,935) 140,199 (13,897,149) (18,558,847) (11,411,612) (22,309,036) (14,797,629) (315,257,388)
Numerator for diluted net loss per share             $ (893,214) $ (13,003,935)   $ (13,897,149)         $ (315,257,388)
Basic weighted average shares outstanding (in shares)               13,651,521             13,650,718
Diluted weighted average shares outstanding (in shares)               13,651,521             13,650,718
Basic loss per share (in dollars per share)             $ (0.07) $ (0.95)   $ (1.02)         $ (23.09)
Diluted loss per share (in dollars per share)             $ (0.07) $ (0.95)   $ (1.02)         $ (23.09)
As Previously Reported                              
Earnings Per Share Reconciliation [Abstract]                              
Net income (loss)   (15,501,704) 2,170,126 4,364,757   5,919,971 $ 2,427,409 $ (10,694,263) 6,534,883 $ (8,266,854) (8,966,821) (2,346,883)   (2,535,558)  
Non-controlling interest income allocation   (601,048) (966,671) (2,060,294)   (3,155,685) (2,014,870) (1,605,308) (3,026,965) (3,620,178) (3,628,013) (6,775,863)   (8,995,523)  
Preferred dividend requirements   2,388,130 2,388,130 2,388,130   2,388,130 2,309,672 2,309,672 4,776,260 4,619,344 7,164,390 7,007,474   9,395,604  
Net Loss attributable to common stockholders   (18,490,882) (1,184,675) (83,667)   376,156 (1,897,133) (14,609,243) (1,268,342) (16,506,376) (19,759,224) (16,130,220)   (20,926,685)  
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Net income (loss)   (15,501,704) 2,170,126 4,364,757   5,919,971 2,427,409 (10,694,263) 6,534,883 (8,266,854) (8,966,821) (2,346,883)   (2,535,558)  
Less: Net Income attributable to non-controlling interest   601,048 966,671 2,060,294   3,155,685 2,014,870 1,605,308 3,026,965 3,620,178 3,628,013 6,775,863   8,995,523  
Net Loss attributable to CorEnergy Infrastructure Trust, Inc.   (16,102,752) 1,203,455 2,304,463   2,764,286 412,539 (12,299,571) 3,507,918 (11,887,032) (12,594,834) (9,122,746)   (11,531,081)  
Preferred dividend requirements   2,388,130 2,388,130 2,388,130   2,388,130 2,309,672 2,309,672 4,776,260 4,619,344 7,164,390 7,007,474   9,395,604  
Total undistributed losses - diluted                 (1,411,630)   (21,711,617)        
Numerator for basic net loss per share   (18,490,882) (1,184,675) (83,667)   376,156 $ (1,897,133) $ (14,609,243) (1,268,342) $ (16,506,376) (19,759,224) (16,130,220)   (20,926,685)  
Common Stock                              
Earnings Per Share Reconciliation [Abstract]                              
Net Loss attributable to common stockholders   (17,855,821) (949,771) 1,148,886   2,412,437           (11,204,932) (21,208,970) (14,391,804)  
Numerator for diluted net loss per share   $ (18,699,046) $ (1,027,216) $ 1,167,415   $ 2,485,537     $ 140,199   $ (18,558,847) $ (11,204,932) $ (22,309,036) $ (14,391,804)  
Weighted average shares - basic (in shares)   15,089,708 14,989,942 14,917,165   14,779,625 13,659,667 13,651,521 14,953,754 13,655,617 14,999,570 14,034,403 15,050,266 14,246,526 13,650,718
Weighted average shares - diluted (in shares)   15,554,665 15,454,899 15,382,122   15,244,582 13,659,667 13,651,521 15,460,047 13,655,617 15,464,527 14,034,403 15,515,223 14,246,526 13,650,718
Basic loss per share (in dollars per share)   $ (1.18) $ (0.06) $ 0.08   $ 0.16 $ (0.07) $ (0.95) $ 0.01 $ (1.02) $ (1.18) $ (0.80) $ (1.41) $ (1.01) $ (23.09)
Diluted loss per share (in dollars per share)   $ (1.20) $ (0.07) $ 0.08   $ 0.16 $ (0.07) $ (0.95) $ 0.01 $ (1.02) $ (1.20) $ (0.80) $ (1.44) $ (1.01) $ (23.09)
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Dividends   $ 753,043 $ 748,031 $ 744,659   $ 741,530     $ 1,492,690   $ 2,245,733 $ 2,106,681 $ 3,004,579 $ 2,850,026  
Total undistributed losses - basic   (18,608,864) (1,697,802) 404,227   1,670,907           (13,311,613) (24,213,549) (17,241,830)  
Total undistributed losses - diluted   (19,452,089) (1,775,247) 422,756   1,744,007     (1,352,491)   (20,804,580) (13,311,613) (25,313,615) (17,241,830)  
Numerator for basic net loss per share   (17,855,821) (949,771) 1,148,886   2,412,437           (11,204,932) (21,208,970) (14,391,804)  
Numerator for diluted net loss per share   $ (18,699,046) $ (1,027,216) $ 1,167,415   $ 2,485,537     $ 140,199   $ (18,558,847) $ (11,204,932) $ (22,309,036) $ (14,391,804)  
Basic weighted average shares outstanding (in shares)   15,089,708 14,989,942 14,917,165   14,779,625 13,659,667 13,651,521 14,953,754 13,655,617 14,999,570 14,034,403 15,050,266 14,246,526 13,650,718
Diluted weighted average shares outstanding (in shares)   15,554,665 15,454,899 15,382,122   15,244,582 13,659,667 13,651,521 15,460,047 13,655,617 15,464,527 14,034,403 15,515,223 14,246,526 13,650,718
Basic loss per share (in dollars per share)   $ (1.18) $ (0.06) $ 0.08   $ 0.16 $ (0.07) $ (0.95) $ 0.01 $ (1.02) $ (1.18) $ (0.80) $ (1.41) $ (1.01) $ (23.09)
Diluted loss per share (in dollars per share)   $ (1.20) $ (0.07) $ 0.08   $ 0.16 $ (0.07) $ (0.95) $ 0.01 $ (1.02) $ (1.20) $ (0.80) $ (1.44) $ (1.01) $ (23.09)
Common Stock | As Previously Reported                              
Earnings Per Share Reconciliation [Abstract]                              
Net Loss attributable to common stockholders                 $ 199,338   $ (17,651,810)        
Weighted average shares - basic (in shares)   15,773,469 15,673,703 15,600,926   15,426,226 13,659,667 13,651,521 15,637,515 13,655,617 15,683,331 14,252,305   14,581,850  
Weighted average shares - diluted (in shares)   15,773,469 15,673,703 15,600,926   15,426,226 13,659,667 13,651,521 15,637,515 13,655,617 15,683,331 14,252,305   14,581,850  
Basic loss per share (in dollars per share)   $ (1.17) $ (0.08) $ (0.01)   $ 0.02 $ (0.14) $ (1.07) $ (0.08) $ (1.21) $ (1.26) $ (1.13)   $ (1.44)  
Diluted loss per share (in dollars per share)   $ (1.17) $ (0.08) $ (0.01)   $ 0.02 $ (0.14) $ (1.07) $ (0.08) $ (1.21) $ (1.26) $ (1.13)   $ (1.44)  
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Total undistributed losses - basic                 $ (1,293,352)   $ (19,897,543)        
Numerator for basic net loss per share                 $ 199,338   $ (17,651,810)        
Basic weighted average shares outstanding (in shares)   15,773,469 15,673,703 15,600,926   15,426,226 13,659,667 13,651,521 15,637,515 13,655,617 15,683,331 14,252,305   14,581,850  
Diluted weighted average shares outstanding (in shares)   15,773,469 15,673,703 15,600,926   15,426,226 13,659,667 13,651,521 15,637,515 13,655,617 15,683,331 14,252,305   14,581,850  
Basic loss per share (in dollars per share)   $ (1.17) $ (0.08) $ (0.01)   $ 0.02 $ (0.14) $ (1.07) $ (0.08) $ (1.21) $ (1.26) $ (1.13)   $ (1.44)  
Diluted loss per share (in dollars per share)   (1.17) (0.08) (0.01)   0.02 (0.14) (1.07) $ (0.08) $ (1.21) $ (1.26) (1.13)   $ (1.44)  
Common Stock                              
Earnings Per Share Reconciliation [Abstract]                              
Basic loss per share (in dollars per share) $ (0.23) (1.18) (0.06) 0.08 $ (0.21) 0.16 (0.07) (0.95)              
Diluted loss per share (in dollars per share) (0.24) (1.20) (0.07) 0.08 (0.22) 0.16 (0.07) (0.95)              
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Basic loss per share (in dollars per share) (0.23) (1.18) (0.06) 0.08 (0.21) 0.16 (0.07) (0.95)              
Diluted loss per share (in dollars per share) (0.24) (1.20) (0.07) 0.08 (0.22) 0.16 $ (0.07) $ (0.95)              
Common Class B                              
Earnings Per Share Reconciliation [Abstract]                              
Basic loss per share (in dollars per share) (0.28) (1.23) (0.11) 0.03 (0.26) 0.11                  
Diluted loss per share (in dollars per share) (0.28) (1.23) (0.11) 0.03 (0.26) 0.11                  
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Basic loss per share (in dollars per share) (0.28) (1.23) (0.11) 0.03 (0.26) 0.11                  
Diluted loss per share (in dollars per share) $ (0.28) $ (1.23) $ (0.11) $ 0.03 $ (0.26) 0.11                  
Common Class B | Common Stock                              
Earnings Per Share Reconciliation [Abstract]                              
Diluted loss per share (in dollars per share)           0.11           (0.95)      
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Diluted loss per share (in dollars per share)           $ 0.11           $ (0.95)      
Common Class B | Common Stock                              
Earnings Per Share Reconciliation [Abstract]                              
Net Loss attributable to common stockholders   $ (843,225) $ (77,445) $ 18,529   $ 73,100           $ (206,680) $ (1,100,066) $ (405,825)  
Numerator for diluted net loss per share   $ (843,225) $ (77,445) $ 18,529   $ 73,100           $ (206,680) $ (1,100,066) $ (405,825)  
Weighted average shares - basic (in shares)   683,761 683,761 683,761   646,600     683,761   683,761 217,902 683,761 335,324  
Weighted average shares - diluted (in shares)   683,761 683,761 683,761   646,600     683,761   683,761 217,902 683,761 335,324  
Basic loss per share (in dollars per share)   $ (1.23) $ (0.11) $ 0.03   $ 0.11     $ (0.09)   $ (1.33) $ (0.95) $ (1.61) $ (1.21)  
Diluted loss per share (in dollars per share)   $ (1.23) $ (0.11) $ 0.03   $ 0.11     $ (0.09)   $ (1.33) $ (0.95) $ (1.61) $ (1.21)  
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Dividends   $ 0 $ 0 $ 0   $ 0     $ 0   $ 0 $ 0 $ 0 $ 0  
Total undistributed losses - basic   (843,225) (77,445) 18,529   73,100           (206,680) (1,100,066) (405,825)  
Total undistributed losses - diluted   (843,225) (77,445) 18,529   73,100           (206,680) (1,100,066) (405,825)  
Numerator for basic net loss per share   (843,225) (77,445) 18,529   73,100           (206,680) (1,100,066) (405,825)  
Numerator for diluted net loss per share   $ (843,225) $ (77,445) $ 18,529   $ 73,100           $ (206,680) $ (1,100,066) $ (405,825)  
Basic weighted average shares outstanding (in shares)   683,761 683,761 683,761   646,600     683,761   683,761 217,902 683,761 335,324  
Diluted weighted average shares outstanding (in shares)   683,761 683,761 683,761   646,600     683,761   683,761 217,902 683,761 335,324  
Basic loss per share (in dollars per share)   $ (1.23) $ (0.11) $ 0.03   $ 0.11     $ (0.09)   $ (1.33) $ (0.95) $ (1.61) $ (1.21)  
Diluted loss per share (in dollars per share)   $ (1.23) $ (0.11) $ 0.03   $ 0.11     $ (0.09)   $ (1.33) $ (0.95) $ (1.61) $ (1.21)  
Common Class B | Common Stock | As Previously Reported                              
Earnings Per Share Reconciliation [Abstract]                              
Net Loss attributable to common stockholders                 $ (59,139)   $ (907,037)        
Numerator for diluted net loss per share                 $ (59,139)   $ (907,037)        
Weighted average shares - basic (in shares)   0 0 0   0     0   0 0   0  
Weighted average shares - diluted (in shares)   0 0 0   0     0   0 0   0  
Basic loss per share (in dollars per share)   $ 0 $ 0 $ 0   $ 0     $ 0   $ 0 $ 0   $ 0  
Diluted loss per share (in dollars per share)   $ 0 $ 0 $ 0   $ 0     $ 0   $ 0 $ 0   $ 0  
Earnings Per Share, Basic, Two Class Method [Abstract]                              
Total undistributed losses - basic                 $ (59,139)   $ (907,037)        
Total undistributed losses - diluted                 (59,139)   (907,037)        
Numerator for basic net loss per share                 (59,139)   (907,037)        
Numerator for diluted net loss per share                 $ (59,139)   $ (907,037)        
Basic weighted average shares outstanding (in shares)   0 0 0   0     0   0 0   0  
Diluted weighted average shares outstanding (in shares)   0 0 0   0     0   0 0   0  
Basic loss per share (in dollars per share)   $ 0 $ 0 $ 0   $ 0     $ 0   $ 0 $ 0   $ 0  
Diluted loss per share (in dollars per share)   $ 0 $ 0 $ 0   $ 0     $ 0   $ 0 $ 0   $ 0