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CorEnergy Infrastructure Trust Inc (CORR.N)

CORR.N on New York Stock Exchange

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23 Feb 2018
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Latest Key Developments (Source: Significant Developments)

CorEnergy Agrees To Acquire Outstanding Minority Interest In Its Pinedale LGS
Monday, 4 Dec 2017 05:07pm EST 

Dec 4 (Reuters) - Corenergy Infrastructure Trust Inc ::CORENERGY ANNOUNCES AGREEMENT TO ACQUIRE OUTSTANDING MINORITY INTEREST IN ITS PINEDALE LGS AND A UTILITIES ENERGY SERVICE CONTRACT FOR FORT LEONARD WOOD.CORENERGY INFRASTRUCTURE TRUST INC - AGREED TO PURCHASE 18.95% EQUITY INTEREST IN ITS PINEDALE LIQUIDS GATHERING SYSTEM FOR $32.8 MILLION.CORENERGY INFRASTRUCTURE TRUST - ‍TRANSACTIONS WILL BE MODESTLY ACCRETIVE TO NET INCOME, ADJUSTED FUNDS FROM OPERATIONS​.CORENERGY INFRASTRUCTURE - PRUDENTIAL TO PROVIDE $41 MILLION OF ASSET LEVEL DEBT FINANCING, WHICH WILL BE USED TO PAY OFF PINEDALE, LP CREDIT FACILITY BALANCE.CORENERGY INFRASTRUCTURE TRUST INC - NEW DEBT FINANCING PROVIDED BY PRUDENTIAL WILL BE A FIXED RATE 5-YEAR TERM LOAN FACILITY.CORENERGY INFRASTRUCTURE TRUST INC - CO WILL USE PRO-RATA PROCEEDS FROM REPAYMENT OF CREDIT FACILITY TO FUND PURCHASE OF PRUDENTIAL'S EQUITY INTEREST.  Full Article

CorEnergy posts Q3 ‍adj. funds from operations $0.90​/shr
Wednesday, 1 Nov 2017 04:30pm EDT 

Nov 1 (Reuters) - CorEnergy Infrastructure Trust Inc :CorEnergy announces third quarter 2017 results.CorEnergy Infrastructure Trust Inc - qtrly ‍diluted funds from operations per share $0.89​.CorEnergy Infrastructure Trust Inc - qtrly diluted ‍adjusted funds from operations per share $0.90​.Q3 FFO per share view $1.04 -- Thomson Reuters I/B/E/S.  Full Article

CorEnergy qtrly funds from operations per share $0.93
Wednesday, 2 Aug 2017 04:31pm EDT 

Aug 2 (Reuters) - Corenergy Infrastructure Trust Inc ::Corenergy announces second quarter 2017 results and dividends.Corenergy Infrastructure Trust Inc qtrly funds from operations per share $0.93.Corenergy Infrastructure Trust Inc qtrly affo per share $0.94.Corenergy - evaluating infrastructure opportunities, anticipates transacting on one to two acquisitions per year in 2017 and 2018.Q2 FFO per share view $1.03 -- Thomson Reuters I/B/E/S.Corenergy - qtrly total revenue $21.8 million versus $22.0 million.  Full Article

CorEnergy Infrastructure announces Q1 FFO per share of $0.96
Wednesday, 3 May 2017 04:34pm EDT 

May 3 (Reuters) - CorEnergy Infrastructure Trust Inc :CorEnergy announces first quarter 2017 results.Q1 adjusted FFO per share $1.00.Q1 FFO per share $0.96.Q1 revenue $22.1 million.Evaluating broad set of infrastructure opportunities, anticipates transacting on one to two acquisitions per year in 2017 & 2018.Company targets revenue growth of 1-3% annually from existing contracts.Intends to continue paying quarterly dividends of $0.75 per share based on rents received.Anticipates transacting on one to two acquisitions per year in 2017 and 2018 with a target range of $50 to $250 million per project.Does not anticipate significant inflation-based or participating rents in 2017.Q1 nareit FFO per share $0.93.  Full Article

Corenergy prices offering of 7.375 pct Series A cumulative redeemable preferred stock
Wednesday, 12 Apr 2017 09:01am EDT 

Corenergy Infrastructure Trust Inc : Corenergy prices offering of 7.375% Series A cumulative redeemable preferred stock .Corenergy Infrastructure Trust Inc - Corenergy has agreed to sell 2.8 million depository shares at a public offering price of $25.00 per depositary share.  Full Article

Corenergy Infrastructure Trust reports follow-on offering of 7.375 pct series A preferred stock
Tuesday, 11 Apr 2017 04:20pm EDT 

Corenergy Infrastructure Trust Inc : Corenergy announces follow-on offering of 7.375 pct series A cumulative redeemable preferred stock .Corenergy Infrastructure Trust Inc - intends to use net proceeds from offering to repay indebtedness under its credit facility.  Full Article

CorEnergy announces fiscal 2016 results
Wednesday, 1 Mar 2017 05:49pm EST 

Corenergy Infrastructure Trust Inc : Corenergy announces fiscal 2016 results .Corenergy infrastructure-anticipates transacting on one to two acquisitions/year in 2017 and 2018, with a target range of $50 to $250 million per project.  Full Article

CorEnergy Infrastructure Trust enters deal with EXXI USA, ENERGY EXXI
Monday, 9 Jan 2017 04:28pm EST 

Corenergy Infrastructure Trust Inc : Corenergy Infrastructure Trust - unit executed 2 agreements, both effective as of dec 30 2016 , relating to chapter 11 bankruptcy of EXXI USA, ENERGY EXXI . Corenergy Infrastructure Trust - a new entity established by restructuring plan has become guarantor of certain obligations owed to grand isle .Corenergy Infrastructure Trust-EXXI USA, EXXI GC,Grand Isle entered assignment, assumption agreement whereby EXXI GC has assumed rights, obligations of EXXI USA.  Full Article

CorEnergy filed proofs of claim with bankruptcy court handling ultra petroleum bankruptcies
Tuesday, 30 Aug 2016 05:51pm EDT 

CorEnergy Infrastructure Trust Inc :Filed proofs of claim with bankruptcy court handling ultra petroleum bankruptcies - SEC filing.  Full Article

Corenergy Infrastructure Trust reports Q2 FFO per share $1.04
Tuesday, 9 Aug 2016 06:00am EDT 

Corenergy Infrastructure Trust Inc : Corenergy releases second quarter 2016 results . Q2 adjusted FFO per share $1.01 . Q2 FFO per share $1.04 . Corenergy intends to continue paying dividends based on rents received, pending outcomes of bankruptcy processes . We do not intend to fund acquisitions until significant bankruptcy milestones for exxi and upl have occurred .Q2 FFO per share view $1.08 -- Thomson Reuters I/B/E/S.  Full Article

BRIEF-CorEnergy Agrees To Acquire Outstanding Minority Interest In Its Pinedale LGS

* CORENERGY ANNOUNCES AGREEMENT TO ACQUIRE OUTSTANDING MINORITY INTEREST IN ITS PINEDALE LGS AND A UTILITIES ENERGY SERVICE CONTRACT FOR FORT LEONARD WOOD