Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share

v3.19.1
Earnings Per Share
3 Months Ended
Mar. 31, 2019
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 three months ended March 31, 2019 and 2018 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Senior Notes because such impact is antidilutive. Under the if converted method, and after consideration of the common shares issued in the Convertible Note exchange discussed in Note 10 ("Debt"), the 7.00% Convertible Senior Notes would result in an additional 2,126,545 common shares outstanding for the three months ended March 31, 2019. For the three months ended March 31, 2018, the if-converted method would have resulted in an additional 3,454,545 common shares outstanding.
 
For the Three Months Ended
 
March 31, 2019
 
March 31, 2018
Net income attributable to CorEnergy stockholders
$
3,866,441

 
$
7,707,708

Less: preferred dividend requirements
2,314,128

 
2,396,875

Net income attributable to common stockholders
$
1,552,313

 
$
5,310,833

Weighted average shares - basic
12,604,943

 
11,918,904

Basic earnings per share
$
0.12

 
$
0.45

 
 
 
 
Net income attributable to common stockholders (from above)
$
1,552,313

 
$
5,310,833

Add: After tax effect of convertible interest

 

Income attributable for dilutive securities
$
1,552,313

 
$
5,310,833

Weighted average shares - diluted
12,604,943

 
11,918,904

Diluted earnings per share
$
0.12

 
$
0.45