CorEnergy Infrastructure Trust, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Earnings (Loss) Per Share

Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2021

EARNINGS (LOSS) PER SHAREBasic earnings (loss) per share data is computed based on the weighted-average number of shares of common stock outstanding during the periods. Diluted earnings (loss) per share data is computed based on the weighted-average number of shares of common stock outstanding, including all potentially issuable shares of common stock. Diluted loss per share for the three months ended March 31, 2021 and 2020 excludes the impact to income and the number of shares outstanding from the conversion of the 7.00% Convertible Notes and the 5.875% Convertible Notes, as applicable, because such impact is antidilutive. The 7.00% Convertible Notes matured on June 15, 2020.

Under the if converted method, the 5.875% Convertible Notes would result in an additional 2,361,000 common shares outstanding for the three months ended March 31, 2021. For the three months ended March 31, 2020, under the if-converted method, the 7.00% Convertible Notes and 5.875% Convertible Notes would have resulted in an additional 2,450,788 common shares outstanding.


	For the Three Months Ended
	March 31, 2021		March 31, 2020
Net loss attributable to CorEnergy Stockholders	$	(12,299,571)	$	(162,042,368)
Less: preferred dividend requirements	2,309,672		2,260,793
Net loss attributable to Common Stockholders	$	(14,609,243)	$	(164,303,161)
Weighted average shares - basic	13,651,521		13,648,293
Basic loss per share	$	(1.07)	$	(12.04)

Net Loss attributable to Common Stockholders (from above)	$	(14,609,243)	$	(164,303,161)

Loss attributable for dilutive securities	$	(14,609,243)	$	(164,303,161)
Weighted average shares - diluted	13,651,521		13,648,293
Diluted loss per share	$	(1.07)	$	(12.04)