CorEnergy Infrastructure Trust Inc Stock Research

Market Summary

USD1.02-0.02

Market Closed

-1.92%

CORR Stock Price

CORR RSI Chart

CORR Valuation

Market Cap

18.6M

Price/Earnings (Trailing)

-1.44

Price/Sales (Trailing)

0.14

EV/EBITDA

-0.12

Price/Free Cashflow

0.59

CORR Price/Sales (Trailing)

CORR Profitability

EBT Margin

-3.69%

Return on Equity

-10.82%

Return on Assets

-2.64%

Free Cashflow Yield

170.53%

CORR Fundamentals

CORR Revenue

Revenue (TTM)

130.1M

Revenue Y/Y

1.47%

Revenue Q/Q

10.1%

CORR Earnings

Earnings (TTM)

-20.3M

Earnings Y/Y

-212.77%

Earnings Q/Q

-194.37%

Price Action

52 Week Range

0.953.48

(Low)(High)

Last 7 days

-8.8%

Last 30 days

3.0%

Last 90 days

-35.4%

Trailing 12 Months

-63.7%

CORR Financial Health

CORR Investor Care

Dividend Yield

14.71%

Dividend/Share (TTM)

0.15

Shares Dilution (1Y)

2.25%

Diluted EPS (TTM)

-1.57

Peers (Alternatives to CorEnergy Infrastructure Trust)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
PSA	50.6B	4.3B	-1.18%	-10.19%	11.63	11.76	18.80%	113.99%
DLR	30.7B	4.9B	10.59%	-20.46%	82.21	6.26	9.82%	-73.28%
EQR	23.9B	2.0B	-1.28%	-18.49%	26.03	12.09	-20.93%	-31.79%
ARE	19.7B	2.7B	-6.01%	-30.25%	26.3	7.37	18.91%	81.13%
KIM	13.2B	1.7B	-4.07%	-25.83%	104.43	7.61	15.49%	-81.09%
MID-CAP
FRT	7.4B	1.1B	-8.78%	-21.04%	19.11	6.81	10.19%	46.60%
KRG	4.4B	814.4M	-5.06%	-2.82%	480.55	5.4	63.41%	107.43%
VNO	2.7B	1.8B	-4.02%	-58.75%	-7.41	1.51	9.23%	-286.27%
MAC	2.2B	857.9M	-7.05%	-14.51%	-24.97	2.55	-1.75%	-315.36%
SMALL-CAP
SKT	2.2B	421.5M	5.92%	21.93%	24.84	5.24	1.34%	437.34%
SLG	1.6B	862.4M	1.35%	-59.50%	-12.39	1.8	7.01%	-127.00%
AIV	1.3B	184.6M	5.87%	32.38%	13.6	6.79	2.55%	1950.56%
PGRE	979.6M	745.2M	0.47%	-52.12%	-25.75	1.31	2.17%	-183.81%

Financials for CorEnergy Infrastructure Trust

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Revenue	-2.6%	130	134	133	137	138
S&GA Expenses	7.3%	24.00	22.00	22.00	22.00	22.00
Costs and Expenses	2.4%	131	128	126	108	109
EBITDA	-42.6%	27.00	47.00	46.00	-	-
EBITDA Margin	-40.8%	0.20*	0.34*	0.34*	-	-
Earnings Before Taxes	-99.3%	-15.64	-7.85	-4.91	17.00	17.00
EBT Margin	-130.5%	-0.04*	0.12*	0.12*	-	-
Interest Expenses	9.0%	15.00	14.00	13.00	13.00	13.00
Net Income	-59.3%	-20.32	-12.76	-12.39	9.00	9.00
Net Income Margin	-445.2%	-0.10*	0.03*	0.02*	-	-
Free Cahsflow	0.5%	32.00	32.00	28.00	-	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Assets	-2.1%	485	495	489	503	500
Cash Equivalents	-36.4%	11.00	18.00	21.00	16.00	11.00
Inventory	46.8%	9.00	6.00	6.00	5.00	4.00
Goodwill	NaN%	-	-	16.00	16.00	-
Liabilities	-2.7%	248	255	245	240	235
Shareholder's Equity	92.5%	236	123	127	146	147
Retained Earnings	-1.2%	-337	-333	-332	-316	-317
Additional Paid-In Capital	0.0%	327	327	330	333	335
Shares Outstanding	0.6%	16.00	16.00	15.00	-	-
Minority Interest	0.7%	118	117	117	117	117

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1
Cashflow From Operations	-33.7%	20.00	30.00	35.00	32.00	27.00
Share Based Compensation	-1.7%	1.00	1.00	0.00	0.00	0.00
Cashflow From Investing	-34.3%	-14.96	-11.14	-7.80	-8.53	-11.93
Cashflow From Financing	61.9%	-4.74	-12.45	-21.27	-27.88	-21.83
Dividend Payments	-33.8%	1.00	2.00	2.00	3.00	3.00

Risks for CORR

What is the probability of a big loss on CORR?

65.8%

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

65%

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

65%

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.

Drawdowns

Returns for CORR

Cumulative Returns on CORR

-25.1%

10-Year Cumulative Returns

-32.7%

7-Year Cumulative Returns

-48.2%

5-Year Cumulative Returns

-50.0%

3-Year Cumulative Returns

What are the long-term rolling returns for CORR?

FIve years rolling returns for CorEnergy Infrastructure Trust.

Annualized Returns

Which funds bought or sold CORR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-05-22	EMC Capital Management	unchanged	-	-13,000	22,000	0.02%
2023-05-18	JPMORGAN CHASE & CO	unchanged	-	-	-	-%
2023-05-16	SUSQUEHANNA INTERNATIONAL GROUP, LLP	reduced	-22.73	-30,837	27,704	-%
2023-05-16	Ancora Advisors, LLC	unchanged	-	111	111	-%
2023-05-16	JANE STREET GROUP, LLC	sold off	-100	-29,431	-	-%
2023-05-15	VANGUARD GROUP INC	unchanged	-	-434,620	686,805	-%
2023-05-15	MONETA GROUP INVESTMENT ADVISORS LLC	reduced	-44.14	-50,200	25,600	-%
2023-05-15	GEODE CAPITAL MANAGEMENT, LLC	unchanged	-	-108,346	172,654	-%
2023-05-15	MILLENNIUM MANAGEMENT LLC	reduced	-20.43	-43,000	40,000	-%
2023-05-15	Mariner, LLC	reduced	-31.86	-177,000	127,000	-%

Latest Funds Activity

Are funds buying CORR calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own CORR

No. of Funds

CorEnergy Infrastructure Trust News

Schedule 13G FIlings of CorEnergy Infrastructure Trust

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Jul 12, 2021	blackrock inc.	2.1%	290,862	SC 13G/A
Feb 10, 2021	renaissance technologies llc	3.86%	527,335	SC 13G/A
Jan 29, 2021	blackrock inc.	7.2%	981,901	SC 13G/A
Jan 08, 2021	vanguard group inc	4.07%	555,979	SC 13G/A
Feb 14, 2020	whitebox advisors llc	0%	0	SC 13G/A
Feb 13, 2020	renaissance technologies llc	7.71%	1,043,035	SC 13G/A
Feb 12, 2020	vanguard group inc	10.31%	1,396,232	SC 13G/A
Feb 12, 2020	lsv asset management	4.62%	625,093	SC 13G/A
Feb 05, 2020	blackrock inc.	7.4%	1,003,926	SC 13G/A
Feb 03, 2020	polygon management ltd.	1.9%	260,000	SC 13G/A

CORR Fair Value

Show Fair-Value

Recent SEC filings of CorEnergy Infrastructure Trust

View All Filings

Date Filed	Form Type	Document
May 25, 2023	8-K	Current Report
May 24, 2023	8-K	Current Report
May 11, 2023	10-Q	Quarterly Report
May 11, 2023	8-K	Current Report
Apr 19, 2023	ARS	ARS
Apr 18, 2023	DEF 14A	DEF 14A
Mar 29, 2023	10-K	Annual Report
Mar 24, 2023	8-K/A	Current Report
Mar 22, 2023	8-K	Current Report
Mar 17, 2023	4	Insider Trading

Latest Insider Trading transactions for CORR

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-15	Kreul Richard C.	sold (taxes)	-4,742	1.22	-3,887	president - mowood and mogas
2023-03-15	Huffman Christopher M.	sold (taxes)	-3,516	1.22	-2,882	chief accounting officer
2023-03-15	Huffman Christopher M.	acquired	-	-	8,464	chief accounting officer
2023-03-15	Grier John D	sold (taxes)	-5,242	1.22	-4,297	chief operating officer
2023-03-15	Grier John D	acquired	-	-	12,618	chief operating officer
2023-03-15	Waldron Robert L	sold (taxes)	-9,531	1.22	-7,813	president and cfo
2023-03-15	Waldron Robert L	acquired	-	-	22,943	president and cfo
2023-03-15	SCHULTE DAVID J	sold (taxes)	-16,668	1.22	-13,663	chief executive officer
2023-03-15	SCHULTE DAVID J	acquired	-	-	39,431	chief executive officer
2023-03-15	Kreul Richard C.	acquired	-	-	13,107	president - mowood and mogas

About CorEnergy Infrastructure Trust

David J. Schulte

corenergy.corridortrust.com

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

2023-03-31

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Revenue
Total Revenue	$ 29,342,172	$ 32,872,351
Expenses
General and administrative	6,771,582	5,142,865
Depreciation and amortization	4,031,627	3,976,667
Total Expenses	28,284,272	25,258,024
Operating Income	1,057,900	7,614,327
Other Income (expense)
Other income	141,813	120,542
Interest expense	(4,404,565)	(3,146,855)
Total Other Expense	(4,262,752)	(3,026,313)
Income (Loss) before income taxes	(3,204,852)	4,588,014
Taxes
Current tax expense	7,076	151,044
Deferred tax expense (benefit)	(11,595)	72,213
Income tax expense (benefit), net	(4,519)	223,257
Net Income (Loss)	(3,200,333)	4,364,757
Less: Net income attributable to non-controlling interest	809,212	809,212
Net Income (Loss) attributable to CorEnergy Infrastructure Trust, Inc.	(4,009,545)	3,555,545
Preferred dividend requirements	2,388,130	2,388,130
Net Income (Loss) attributable to Common Stockholders	$ (6,397,675)	$ 1,167,415
Net Income (Loss) Per Common Share:
Dividends declared per share (in dollars per share)	$ 0	$ 0.050
Capital Stock
Taxes
Net Income (Loss) attributable to Common Stockholders	$ (6,123,517)	$ 1,148,886
Weighted Average Shares of Common Stock Outstanding:
Weighted average shares outstanding - basic (in shares)	15,272,267	14,917,165
Weighted average common shares - diluted (in shares)	15,737,224	15,382,122
Net Income (Loss) Per Common Share:
Basic net income (loss) per share (in dollars per share)	$ (0.40)	$ 0.08
Diluted net income (loss) per share (in dollars per share)	$ (0.41)	$ 0.08
Common Stock \| Class B Common Stock
Taxes
Net Income (Loss) attributable to Common Stockholders	$ (274,158)	$ 18,529
Weighted Average Shares of Common Stock Outstanding:
Weighted average shares outstanding - basic (in shares)	683,761	683,761
Weighted average common shares - diluted (in shares)	683,761	683,761
Net Income (Loss) Per Common Share:
Basic net income (loss) per share (in dollars per share)	$ (0.40)	$ 0.03
Diluted net income (loss) per share (in dollars per share)	$ (0.40)	$ 0.03
Transportation and distribution
Revenue
Revenue from contracts with customers	$ 29,343,386	$ 29,761,354
Expenses
Cost of revenue	17,481,063	13,945,843
Pipeline loss allowance subsequent sales
Revenue
Revenue from contracts with customers	0	2,731,763
Expenses
Cost of revenue	0	2,192,649
Lease and other revenue
Revenue
Revenue from contracts with customers	$ (1,214)	$ 379,234

CORR Balance Sheet

2023-03-31

CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Assets
Property and equipment, net of accumulated depreciation of $26,828,668 and $52,908,191, respectively (Crimson VIE*: $339,362,408, and $340,205,058, respectively)	$ 339,386,557	$ 440,148,967
Leased property, net of accumulated depreciation of $— and $299,463, respectively	0	1,226,565
Financing notes and related accrued interest receivable, net of reserve of $50,000 and $600,000, respectively	760,002	858,079
Cash and cash equivalents (Crimson VIE: $1,357,594 and $1,874,319, respectively)	8,500,377	17,830,482
Accounts and other receivables (Crimson VIE: $8,378,442 and $10,343,769, respectively)	8,381,158	14,164,525
Due from affiliated companies (Crimson VIE: $85,259 and $167,743, respectively)	85,259	167,743
Deferred costs, net of accumulated amortization of $827,763 and $726,619, respectively	385,779	415,727
Inventory (Crimson VIE: $8,734,990 and $5,804,776, respectively)	8,734,990	5,950,051
Prepaid expenses and other assets (Crimson VIE: $2,817,082 and $3,414,372, respectively)	6,303,301	9,478,146
Operating right-of-use assets (Crimson VIE: $4,147,085 and $4,452,210, respectively)	4,281,136	4,722,361
Deferred tax asset, net (Crimson VIE:$119,960 and $—, respectively)	119,960	0
Assets held for sale	107,716,203	0
Total Assets	484,654,722	494,962,646
Liabilities and Equity
Secured credit facilities, net of deferred financing costs of $513,123 and $665,547, respectively	101,486,877	100,334,453
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,562,045 and $1,726,470, respectively	116,487,955	116,323,530
Accounts payable and other accrued liabilities (Crimson VIE: $12,448,678 and $16,889,980, respectively)	17,125,948	26,316,216
Income tax payable (Crimson VIE: $85,437 and $85,437, respectively)	184,641	174,849
Due to affiliated companies (Crimson VIE: $175,025 and $209,750, respectively)	175,025	209,750
Operating lease liability (Crimson VIE: $3,830,463 and $4,454,196, respectively)	3,964,513	4,696,410
Deferred tax liability, net	0	1,292,300
Unearned revenue (Crimson VIE: $689,085 and $203,725, respectively)	689,085	5,948,621
Liabilities held for sale	8,192,552	0
Total Liabilities	248,306,596	255,296,129
Commitments and Contingencies (Note 9)
Equity
Additional paid-in capital	326,948,418	327,016,573
Retained deficit	(337,844,642)	(333,785,097)
Total CorEnergy Equity	118,645,486	122,773,089
Non-controlling interest	117,702,640	116,893,428
Total Equity	236,348,126	239,666,517
Total Liabilities and Equity	484,654,722	494,962,646
Series A Cumulative Redeemable Preferred Stock
Equity
Series A Cumulative Redeemable Preferred Stock 7.375%, $131,913,805 liquidation preference at March 31, 2023 and $129,525,675 liquidation preference at December 31, 2022 ($2,500 per share, $0.001 par value); 69,367,000 authorized; 51,810 issued and outstanding at March 31, 2023 and December 31, 2022	129,525,675	129,525,675
Non-Convertible Common Stock
Equity
Common stock	15,351	15,254
Class B Common Stock
Equity
Common stock	$ 684	$ 684