EARNINGS (LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share

	For the Three Months Ended
	March 31, 2023		March 31, 2022
Numerator for basic and diluted earnings (loss) per Common Stock and Class B Common Stock share:
Net Income (loss)	$	(3,200,333)	$	4,364,757
Less: Net income attributable to non-controlling interests	809,212		809,212
Net income (loss) attributable to CorEnergy Infrastructure Trust, Inc.	$	(4,009,545)	$	3,555,545
Less dividends / distributions:
Preferred dividend requirements	$	2,388,130	$	2,388,130
Common Stock dividends	—		744,659
Total undistributed earnings (loss)	$	(6,397,675)	$	422,756
Common Stock undistributed earnings (loss) - basic	$	(6,123,517)	$	404,227
Class B Common Stock undistributed earnings (loss) - basic	(274,158)		18,529
Total undistributed earnings (loss) - basic	$	(6,397,675)	$	422,756
Common Stock undistributed earnings (loss) - diluted	$	(6,397,675)	$	422,756
Class B Common Stock undistributed earnings (loss) - diluted	(274,158)		18,529
Total undistributed earnings (loss) - diluted	$	(6,671,833)	$	441,285
Common Stock dividends	$	—	$	744,659
Common Stock undistributed earnings (loss) - basic	(6,123,517)		404,227
Numerator for basic net earnings (loss) per Common Stock share	$	(6,123,517)	$	1,148,886
Class B Common Stock dividends	$	—	$	—
Class B Common Stock undistributed earnings (loss) - basic	(274,158)		18,529
Numerator for basic net earnings (loss) per Class B Common Stock share	$	(274,158)	$	18,529
Common Stock dividends	$	—	$	744,659
Common Stock undistributed earnings (loss) - diluted	(6,397,675)		422,756
Numerator for diluted net earnings (loss) per Common Stock share	$	(6,397,675)	$	1,167,415
Class B Common Stock dividends	$	—	$	—
Class B Common Stock undistributed earnings (loss) - diluted	(274,158)		18,529
Numerator for diluted net earnings (loss) per Class B Common Stock share	$	(274,158)	$	18,529
Denominator for basic net earnings (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - basic	15,272,267		14,917,165
Class B Common Stock weighted average shares outstanding - basic	683,761		683,761

Denominator for diluted net earnings (loss) per Common Stock and Class B Common Stock share:
Common Stock weighted average shares outstanding - diluted(1)(2)	15,737,224		15,382,122
Class B Common Stock weighted average shares outstanding - diluted(3)	683,761		683,761
Basic net earnings (loss) per share:
Common Stock	$	(0.40)	$	0.08
Class B Common Stock	(0.40)		0.03
Diluted net earnings (loss) per share:
Common Stock	$	(0.41)	$	0.08
Class B Common Stock	(0.40)		0.03
(1) For purposes of the diluted net earnings per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted at a ratio of 1.00 Class B Common Stock share to 0.68 Common Stock share; therefore, 100.00% of undistributed earnings is allocated to Common Stock.
(2) For the three months ended March 31, 2023 and 2022, 2,361,000 shares of Common Stock are excluded from the computation of diluted net earnings per share because their effect would be antidilutive. These shares are related to the 5.875% Convertible Notes.
(3) For purposes of the diluted net earnings per share computation for Class B Common Stock, weighted average shares of Class B Common Stock are assumed not converted to Common Stock.