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CORR

2.63USD-0.07(-2.59%)Market Closedas of 06 Dec 2022, 09:48 am

CorEnergy Infrastructure Trust Inc

Market Summary

USD2.63-0.07Market Closedas of 06 Dec 2022, 09:48 am
-2.59%

CORR Stock Price

RSI Chart

Valuation

Market Cap

29.5M

Price/Earnings

7.63

Price/Sales

0.21

Price/Cashflow

0.93

MarketCap/EBT

1.78

Price/Sales

Profitability

EBT Margin

12.09%

Return on Equity

2.79%

Return on Assets

0.77%

Fundamentals

Revenue

Revenue (TTM)

133.1M

Revenue Y/Y

-10.98%

Revenue Q/Q

4.57%

Earnings

Earnings (TTM)

-15.0M

Earnings Y/Y

-682.53%

Earnings Q/Q

-1.4K%

Price Action

52 Week Range

1.484.05
(Low)(High)

Last 7 days

-1.8%

Last 30 days

34.8%

Last 90 days

20.7%

Trailing 12 Months

-24.0%

Financial Health

Debt/Equity

1.53

Debt/Cashflow

0.15

Investor Care

Dividend Yield

10.64%

Dividend/Share (TTM)

0.2

Shares Dilution (1Y)

14.63%

Diluted EPS (TTM)

-1.57

Peers (Alternatives to CorEnergy Infrastructure Trust)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.22% -8.55%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
1.83% -18.02%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
12.80% -32.25%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
3.21% -23.63%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
2.79% -23.58%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
3.22% -0.93%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
1.83% -12.48%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
-0.99% -39.94%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
5.02% 12.68%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
-1.58% -41.95%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
3.09% -28.58%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
1.07% 0.07%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-10.43% -27.80%
538.82
1.96
2.16% 107.41%
1.2B
-
7.86% 8.14%
5
3.44
120.87% 1462.96%

Financials for CorEnergy Infrastructure Trust

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue-3.0%13313713812898
  S&GA Expenses2.7%2222222722
Earnings Before Taxes-129.6%-4.9117172-4.67
Net Income-488.3%-15.0043-11.53-11.79
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets-2.8%490504502509520
    Cash Equivalents22.7%2218131215
  Inventory32.2%65443
  Goodwill-100.0%-16161616
Liabilities2.1%247241238245252
  Long Term Debt1.6%215212213215218
    LT Debt, Current0%88888
Shareholder's Equity-13.6%120138140141146
  Retained Earnings-5.0%-339.75-323.65-324.85-327.16-324.75
  Additional Paid-In Capital-0.8%330333335338341
Shares Outstanding4.8%161515--
Minority Interest-0.1%124124124123122
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations0.5%3232281712
  Share Based Compensation935.7%100
Cashflow From Investing19.3%-6.00-7.44-12.10-83.59-84.07
Cashflow From Financing20.8%-19.07-24.10-21.81-20.80-16.96
  Dividend Payments-15.4%23322

Risks

What is the probability of a big loss on CORR?

56.1%


Probability that CorEnergy Infrastructure Trust stock will be more than 20% underwater in next one year

55.4%


Probability that CorEnergy Infrastructure Trust stock will be more than 30% underwater in next one year.

55.4%


Probability that CorEnergy Infrastructure Trust stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does CORR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if CorEnergy Infrastructure Trust was unfortunately bought at previous high price.

Returns

Cumulative Returns on CORR

-18.0%


10-Year Cumulative Returns

-17.4%


7-Year Cumulative Returns

-36.7%


5-Year Cumulative Returns

-58.8%


3-Year Cumulative Returns

What are the long-term rolling returns for CORR?

FIve years rolling returns for CorEnergy Infrastructure Trust.

Which funds bought or sold CORR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-21
Bray Capital Advisors
NEW
-
1,000
1,000
-%
2022-11-15
EMC Capital Management
UNCHANGED
-
-16,000
27,000
0.03%
2022-11-15
BNP PARIBAS ARBITRAGE, SNC
REDUCED
-2.55
-265
425
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
CONCOURSE FINANCIAL GROUP SECURITIES, INC.
SOLD OFF
-
-
-
-%
2022-11-15
STATE STREET CORP
REDUCED
-0.84
-46,000
75,000
-%
2022-11-14
LPL Financial LLC
ADDED
0.4
-12,000
22,000
-%
2022-11-14
CITADEL ADVISORS LLC
NEW
-
32,000
32,000
-%
2022-11-14
Ancora Advisors, LLC
UNCHANGED
-
-
-
-%
2022-11-14
SUSQUEHANNA INTERNATIONAL GROUP, LLP
NEW
-
43,000
43,000
-%

1–10 of 36

Latest Funds Activity

Are funds buying CORR calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own CORR

CorEnergy Infrastructure Trust News

InvestorsObserver

Is Corenergy Infrastructure Trust Inc (CORR) a Good Choice in REIT - Diversified Friday?.3 days ago

CORR Fair Value

Recent SEC filings of CorEnergy Infrastructure Trust

View All Filings
Date Filed Form Type Document
Nov 10, 2022
8-K
Current Report
Nov 10, 2022
10-Q
Quarterly Report
Nov 03, 2022
8-K
Current Report
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading
Oct 05, 2022
4
Insider Trading

Latest Insider Trading transactions for CORR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-07-05
Haile Arkan
ACQUIRED
-
-
2,093
-
2022-07-05
Banks Todd E.
ACQUIRED
-
-
4,961
-
2022-07-05
LEWIS CATHERINE A.
ACQUIRED
-
-
4,961
-
2022-07-05
CICCOTELLO CONRAD S
ACQUIRED
-
-
4,961
-
2022-06-13
Banks Todd E.
ACQUIRED
-
-
4,647
-
2022-06-13
LEWIS CATHERINE A.
ACQUIRED
-
-
4,647
-
2022-06-13
CICCOTELLO CONRAD S
ACQUIRED
-
-
4,647
-
2021-12-15
CICCOTELLO CONRAD S
BOUGHT
9,300
3.1
3,000
-
2021-11-12
SCHULTE DAVID J
SOLD
-974,600
24.3
-40,107
President & CEO & Chairman
2021-11-12
SANDRING REBECCA M
SOLD
-217,169
24.3
-8,937
Executive Vice President

1–10 of 35

David J. Schulte
160
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from customers and operators of our assets, including triple-net participating leases and from long term customer contracts.

CORR Income Statement

2022-09-30
Consolidated Statements of Operations - USD ($)
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue    
Lease$ 111,725$ 32,915$ 176,775$ 1,208,915
Total Revenue32,961,68637,028,88297,355,47392,365,958
Expenses    
General and administrative expense5,743,3425,156,08716,162,57020,374,534
Depreciation, amortization and ARO accretion4,028,8003,690,85611,997,78110,337,639
Loss on impairment of goodwill16,210,020016,210,0200
Loss on impairment and disposal of leased property0005,811,779
Loss on termination of lease000165,644
Total Expenses45,014,86327,654,39596,244,22884,375,557
Operating Income (loss)(12,053,177)9,374,4871,111,2457,990,401
Other Income (expense)    
Other income76,0504,040332,615366,859
Interest expense(3,483,208)(3,351,967)(9,972,969)(9,578,677)
Loss on extinguishment of debt000(861,814)
Total Other Expense(3,407,158)(3,347,927)(9,640,354)(10,073,632)
Income (Loss) before income taxes(15,460,335)6,026,560(8,529,109)(2,083,231)
Taxes    
Current tax expense (benefit)35,187(6,927)343,10841,313
Deferred tax expense6,182113,51694,604222,339
Total income tax expense, net41,369106,589437,712263,652
Net Income (Loss)(15,501,704)5,919,971(8,966,821)(2,346,883)
Less: Net income attributable to non-controlling interest601,0483,155,6853,628,0136,775,863
Net Income (Loss) attributable to CorEnergy(16,102,752)2,764,286(12,594,834)(9,122,746)
Preferred stock dividends2,388,1302,388,1307,164,3907,007,474
Net Income (Loss) attributable to Common Stockholders - basic$ (18,490,882)$ 376,156$ (19,759,224)$ (16,130,220)
Net Income (Loss) Per Common Share:    
Basic (in dollars per share)$ (1.17)$ 0.02$ (1.26)$ (1.13)
Diluted (in dollars per share)$ (1.17)$ 0.02$ (1.26)$ (1.13)
Weighted Average Shares of Common Stock Outstanding:    
Basic (in shares)15,773,46915,426,22615,683,33114,252,305
Diluted (in shares)15,773,46915,426,22615,683,33114,252,305
Dividends declared per share (in dollars per share)$ 0.050$ 0.050$ 0.150$ 0.150
Transportation and distribution    
Revenue    
Revenue from contracts with customers$ 31,305,546$ 34,286,394$ 89,179,734$ 83,681,876
Expenses    
Cost of revenue17,647,67316,089,41445,857,19341,795,421
Pipeline loss allowance subsequent sales    
Revenue    
Revenue from contracts with customers1,477,2512,124,5817,283,4506,115,836
Expenses    
Cost of revenue1,385,0282,718,0386,016,6645,890,540
Other    
Revenue    
Revenue from contracts with customers$ 67,164$ 584,992$ 715,514$ 1,359,331

CORR Balance Sheet

2022-09-30
Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Assets  
Property and equipment, net of accumulated depreciation of $48,864,283 and $37,022,035, respectively (Crimson VIE*: $337,470,077, and $338,452,392, respectively)$ 438,249,633$ 441,430,193
Leased property, net of accumulated depreciation of $289,154 and $258,207, respectively1,236,8731,267,821
Financing notes and related accrued interest receivable, net of reserve of $600,000 and $600,000, respectively904,7431,036,660
Cash and cash equivalents (Crimson VIE: $3,125,706 and $1,870,000, respectively)21,776,26312,496,478
Accounts and other receivables (Crimson VIE: $7,654,757 and $11,291,749, respectively)10,609,74415,367,389
Due from affiliated companies (Crimson VIE: $94,994 and $676,825, respectively)94,994676,825
Deferred costs, net of accumulated amortization of $631,408 and $345,775, respectively510,939796,572
Inventory (Crimson VIE: $5,859,262 and $3,839,865, respectively)6,004,0373,953,523
Prepaid expenses and other assets (Crimson VIE: $3,946,389 and $5,004,566, respectively)5,699,0799,075,043
Operating right-of-use assets (Crimson VIE: $4,755,606 and $5,647,631, respectively)5,082,0286,075,939
Deferred tax asset, net111,681206,285
Goodwill016,210,020
Total Assets490,280,014508,592,748
Liabilities and Equity  
Secured credit facilities, net of deferred financing costs of $817,972 and $1,275,244, respectively99,182,02899,724,756
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,890,895 and $2,384,170, respectively116,159,105115,665,830
Accounts payable and other accrued liabilities (Crimson VIE: $14,935,627 and $9,743,904, respectively)19,596,67017,036,064
Income tax payable344,6300
Due to affiliated companies (Crimson VIE: $276,428 and $648,316, respectively)276,428648,316
Operating lease liability (Crimson VIE: $4,653,594 and $5,647,036, respectively)4,951,8916,046,657
Unearned revenue (Crimson VIE: $205,790 and $199,405, respectively)5,990,8975,839,602
Total Liabilities246,501,649244,961,225
Commitments and contingencies
Equity  
Additional paid-in capital329,796,049338,302,735
Retained deficit(339,752,470)(327,157,636)
Total CorEnergy Equity119,585,115140,686,351
Non-controlling interest (Crimson)124,193,250122,945,172
Total Equity243,778,365263,631,523
Total Liabilities and Equity490,280,014508,592,748
Series A Cumulative Redeemable Preferred Stock  
Equity  
Series A Cumulative Redeemable Preferred Stock 7.375%, $129,525,675 liquidation preference ($2,500 per share, $0.001 par value); 10,000,000 authorized; 51,810 issued and outstanding at September 30, 2022 and December 31, 2021129,525,675129,525,675
Common Class A  
Equity  
Common stock15,17714,893
Class B Common Stock  
Equity  
Common stock$ 684$ 684