DA Davidson upgraded CorEnergy Infrastructure Trust from Underperform to Neutral
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CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") announced today that its Board of Directors declared a 2024 dividend on its outstanding common stock comprised of $0.52 per share in cash and 0.1142 shares per outstanding share of common stock. The dividend is payable on January 20, 2025, to shareholders of record on December 31, 2024 and is intended to satisfy REIT compliance rules that we distribute at least 90% of our REIT taxable income to our shareholders each year. Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares represen
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
CorEnergy Infrastructure Trust, Inc. ("CorEnergy" or the "Company") announced today that its Board of Directors declared a 2024 dividend on its outstanding common stock comprised of $0.52 per share in cash and 0.1142 shares per outstanding share of common stock. The dividend is payable on January 20, 2025, to shareholders of record on December 31, 2024 and is intended to satisfy REIT compliance rules that we distribute at least 90% of our REIT taxable income to our shareholders each year. Shareholders will not be required to take any action in order to receive the stock dividend. After the payment date, shareholders' book entry accounts will be credited with the additional shares represen
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
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
DA Davidson upgraded CorEnergy Infrastructure Trust from Underperform to Neutral
DA Davidson upgraded CorEnergy Infr Trust from Underperform to Neutral and set a new price target of $9.50 from $4.50 previously
EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)
EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)
EFFECT - CorEnergy Infrastructure Trust, Inc. (0001347652) (Filer)
SC 13G/A - CorEnergy Infrastructure Trust, Inc. (0001347652) (Subject)
4 - CorEnergy Infrastructure Trust, Inc. (0001347652) (Issuer)
4 - CorEnergy Infrastructure Trust, Inc. (0001347652) (Issuer)
4 - CorEnergy Infrastructure Trust, Inc. (0001347652) (Issuer)