EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

POS AM - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

POS AM - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

POS AM - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

POS AM - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

POS AM - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)

Company Emerges from Chapter 11 with Significantly Less Debt and a Simplified Capital Structure CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") today announced the successful completion of its reorganization process and emergence from Chapter 11 protection effective June 12, 2024 (the "Effective Date"). CorEnergy emerges with significantly less debt and a simplified capital structure which is better aligned to current market conditions and its go-forward objectives. The Company expects that the successful restructuring, combined with the resolution of its San Pablo Bay rate case, will enable it to return to positive cash flow beginning in 2025, while also providing i

 Plan Receives Overwhelming Support from Voting Creditors and Equity Holders Confirmation Paves the Way for Company's Emergence from Chapter 11 Protection CorEnergy Infrastructure Trust, Inc. (OTC:CORRQ, CORRL))) ("CorEnergy" or the "Company") announced that the U.S. Bankruptcy Court for the Western District of Missouri (the "Court") confirmed its Chapter 11 Plan of Reorganization (the "Plan") on May 24, 2024. Creditors and existing preferred equity holders entitled to vote overwhelmingly supported the Plan. Upon emergence from bankruptcy, which is expected to occur on June 12, 2024 (the "Effective Date"), the common stock of the reorganized Company will be owned by the holders of its

Operations to Continue Uninterrupted, With No Impact to Customers, Employees or Vendors CorEnergy Infrastructure Trust, Inc. (OTC:CORR, CORRL))) ("CorEnergy" or the "Company") today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its balance sheet. The Ad Hoc Group of Noteholders, whose members hold approximately 90% of CorEnergy's 5.875% Unsecured Convertible Senior Notes due 2025 (the "Senior Notes"), has entered into a Restructuring Support Agreement (the "RSA") with the Company. "Restructuring our debt will help to right-size our capital structure for the smaller scale of the

Businesses join Spire's existing midstream infrastructure. ST. LOUIS, Jan. 19, 2024 /PRNewswire/ -- Spire Inc. (NYSE:SR) today announced it has completed its acquisition of MoGas Pipeline (MoGas), an interstate natural gas pipeline, and Omega Pipeline (Omega), a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. (OTC: CORR, CORRL). The acquisition was completed for $175 million, subject to customary closing adjustments. The businesses will join Spire's existing midstream infrastructure, including Spire Storage and Spire STL Pipeline. As a result of th

Provides Update on Financial Condition CorEnergy Infrastructure Trust, Inc. (OTC:CORR, CORRL))) ("CorEnergy" or the "Company") today closed the sale of its MoGas and Omega pipeline systems (together, the "MoGas System") to Spire Midstream, a subsidiary of Spire Inc. (NYSE:SR). The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois. Transaction Highlights All-cash transaction for $175 million, plus working capital adjustments, resulting in net proceeds of approximately $165 million after taxes and transaction-related costs At closing, CorEnergy repaid and canceled the Crimson Pipeline credit facility,

Company's Common and Preferred Stock Now Trading on OTC Marketplace CorEnergy Infrastructure Trust, Inc. (OTC:CORR, CORRL))) ("CorEnergy" or the "Company") today announced that on December 1, 2023 it received notice that the New York Stock Exchange ("NYSE") has determined to suspend trading of and commenced proceedings to delist shares of CorEnergy's common and preferred stock. The notice was issued because the Company fell below the NYSE's continued listing standard requiring an average global common stock market capitalization of at least $15 million over a consecutive 30 trading day period. CorEnergy's common and preferred stock are now trading on the over-the-counter ("OTC") marketp

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 and Recent Highlights Reported total revenue of $33.0 million. Generated net loss of $4.3 million and Adjusted EBITDA (a non-GAAP financial measure) of $4.8 million. Transported an average of 151,953 barrels per day. Submitted additional information to the Federal Trade Commission ("FTC") as requested by the FTC as part of its review of CorEnergy's agreement to sell its MoGas and Omega pipeline systems to Spire, Inc. for $175.0 million in cash. The transaction is expected to close aroun

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it will report results for its third quarter ended September 30, 2023, on November 7, 2023. CorEnergy will host a conference call on Tuesday, November 7, 2023, at 10:00 a.m. Central Time to discuss its financial results. The call may also include discussion of Company developments and forward-looking and other material information about business and financial matters. To join the call, dial +1-973-528-0011 and provide access code 484988 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be ac

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced that it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company intends to notify the NYSE of its plans to resolve the stock price deficiency and return to compliance with the continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the Notice

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced financial results for the second quarter, ended June 30, 2023. Second Quarter 2023 and Recent Highlights Reported Total Revenue of $35.7 million for the three months ended June 30, 2023. Generated Net Loss of $3.2 million and Adjusted EBITDA (a non-GAAP financial measure) of $5.8 million. Transported an average of 156,078 barrels per day. Entered into agreement to sell MoGas and Omega Pipeline Systems for $175.0 million in cash, now anticipated to close around the end of the calendar year, pending Federal Trade Commission review and subject to customary closing conditions

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced financial results for the third quarter ended September 30, 2023. Third Quarter 2023 and Recent Highlights Reported total revenue of $33.0 million. Generated net loss of $4.3 million and Adjusted EBITDA (a non-GAAP financial measure) of $4.8 million. Transported an average of 151,953 barrels per day. Submitted additional information to the Federal Trade Commission ("FTC") as requested by the FTC as part of its review of CorEnergy's agreement to sell its MoGas and Omega pipeline systems to Spire, Inc. for $175.0 million in cash. The transaction is expected to close aroun

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it will report results for its third quarter ended September 30, 2023, on November 7, 2023. CorEnergy will host a conference call on Tuesday, November 7, 2023, at 10:00 a.m. Central Time to discuss its financial results. The call may also include discussion of Company developments and forward-looking and other material information about business and financial matters. To join the call, dial +1-973-528-0011 and provide access code 484988 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be ac

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced that it received a notice (the "Notice") from the New York Stock Exchange (the "NYSE") indicating that the Company is no longer in compliance with Section 802.01C of the NYSE Listed Company Manual because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company intends to notify the NYSE of its plans to resolve the stock price deficiency and return to compliance with the continued listing standard. The Company can regain compliance at any time within the six-month period following receipt of the Notice

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced financial results for the second quarter, ended June 30, 2023. Second Quarter 2023 and Recent Highlights Reported Total Revenue of $35.7 million for the three months ended June 30, 2023. Generated Net Loss of $3.2 million and Adjusted EBITDA (a non-GAAP financial measure) of $5.8 million. Transported an average of 156,078 barrels per day. Entered into agreement to sell MoGas and Omega Pipeline Systems for $175.0 million in cash, now anticipated to close around the end of the calendar year, pending Federal Trade Commission review and subject to customary closing conditions

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it will report results for its second quarter ended June 30, 2023, on August 14, 2023. CorEnergy will host a conference call on Monday, August 14, 2023, at 11:00 a.m. Central Time to discuss its financial results. The call may also include discussion of Company developments and forward-looking and other material information about business and financial matters. To join the call, dial +1-973-528-0011 and provide access code 390317 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessibl

All-Cash Transaction Expected to Repay Bank Debt in Full and Generate Additional Cash CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced entry into a definitive agreement to sell its MoGas and Omega pipeline systems ("MoGas System") to Spire Inc. (NYSE:SR) for approximately $175 million in cash, subject to final working capital adjustments. The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois. Transaction Highlights All-cash transaction valued at approximately $175 million Expected to close in the third quarter 2023, subject only to anti-trust

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") today announced financial results for the first quarter, ended March 31, 2023. First Quarter 2023 and Recent Highlights Reported Total Revenue of $29.3 million for the three months ended March 31, 2023. Generated Net Loss of $3.2 million and Adjusted EBITDA (a non-GAAP financial measure) of $7.4 million. Transported an average of 150,738 barrels per day, versus 164,763 barrels per day the previous quarter. In response to lower volumes and higher operating costs from regulatory actions, the Company undertook restructuring activities, resulting in a first-quarter charge of $1.7 million, wh

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it will report results for its first quarter ended March 31, 2023, on May 11, 2023. CorEnergy will host a conference call on Thursday, May 11, 2023, at 10:00 a.m. Central Time to discuss its financial results. The call may also include discussion of Company developments and forward-looking and other material information about business and financial matters. To join the call, dial +1-973-528-0011 and provide access code 482386 at least five minutes prior to the scheduled start time. The call will also be webcast in a listen-only format. A link to the webcast will be accessible at

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it has filed its Form 10-K for the year ended December 31, 2022 with the United States Securities and Exchange Commission and posted a 2022 ESG report to its corporate website. Among ESG results detailed, the Company reported a 56% reduction in Scope 1 and 2 emissions across all CorEnergy assets from its 2021 baseline. The Company also commenced a new methane emission measurement and monitoring program at MoGas, targeting a minimum reduction of 65% by 2025. As part of CorEnergy's continued ESG development initiatives, it has adopted the Energy Infrastructure Counsel (EIC) ESG rep

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR, CORRPrA))) ("CorEnergy" or the "Company") announced today that it has retained an advisor for the sale its MoGas and Omega systems and that the process has generated a number of highly interested and qualified participants. Given the level of interest, the Company expects to close the sale by early Q3 2023. "We anticipate net proceeds from the sale of our MoGas and Omega systems will be sufficient to repay our bank facility in full. We also expect that the remaining proceeds, combined with a new credit facility and operating cash flow, will enable us to retire a material percentage of our outstanding convertible debt prior to maturity. Addit