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Corenergy Infrastructure Trust Inc's Business Segments
Corenergy Infrastructure Trust Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Reportable Segments
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Largest Segment
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Total Revenue
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Regions Reported
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Annual Results
Revenue by Product & Service Category -
- Transportation and Distribution90%
- Crude Oil Transportation Contract73.3%
- Natural Gas Transportation Contract11.2%
- Pipeline Loss Allowance Subsequent Sales9.7%
- Natural Gas Distribution Contract3.8%
- Other1.7%
- Lease and Other Income0.3%
Revenue by Product & Service Category -
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Transportation and Distribution | $ 118 | 90% |
| Crude Oil Transportation Contract | $ 96 | 73.3% |
| Natural Gas Transportation Contract | $ 15 | 11.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
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Description of Corenergy Infrastructure Trust Inc
CorEnergy Infrastructure Trust, Inc. owns and operates infrastructure assets primarily in the energy sector. Its operations include ownership interests in crude oil transportation pipeline systems, notably the Crimson Pipeline System, which spans approximately 2,000 miles with about 1,100 active miles and associated storage facilities in southern California and the San Joaquin Valley. On February 1, 2021, CorEnergy acquired a 49.50% voting interest in Crimson Midstream Holdings, LLC, with the option to acquire the remaining voting interest. The company previously maintained various credit facilities and loans, including the Crimson Credit Facility, which was repaid and terminated following the sale of the MoGas and Omega Pipeline systems on January 19, 2024. CorEnergy formerly engaged Corridor InfraTrust Management, LLC as an external manager before acquiring it through an internalization transaction. The company manages and finances infrastructure assets, including pipelines and related subsidiaries, focusing on regulated crude oil pipeline companies. It also manages financial instruments such as unsecured convertible senior notes and revolving credit facilities to support its operations and acquisitions.
Corenergy Infrastructure Trust, Inc. is a publicly traded real estate investment trust (REIT) that primarily focuses on investing in infrastructure assets within the energy sector. The company operates in specific segments and offers a diverse range of products and services aimed at generating income through the ownership and leasing of critical infrastructure assets.
Segments
1. Infrastructure Investment: This is the core segment of Corenergy’s operations, emphasizing the acquisition and management of essential energy infrastructure assets. The company concentrates on areas where there is a steady demand for energy and infrastructure reliability.
2. Real Estate Investment: Corenergy distinguishes its investments based on direct ownership of the physical properties related to energy infrastructure, unlike traditional REITs that often focus on residential or commercial real estate.
3. Sector Specialization: Corenergy primarily specializes in two areas:
- Midstream Energy Assets: This includes investments in pipelines and storage facilities that transport and store oil and gas, making it pivotal for energy distribution and management.
- Renewable Energy Assets: Recognition of the need for sustainability has led Corenergy to explore opportunities within renewable energy sources, including solar and wind, to diversify its portfolio.
Products
1. Pipeline Infrastructure: Corenergy invests in companies and systems involved in the transportation of oil and natural gas through pipelines. This includes both gathering systems (short pipelines that collect oil and gas from production sites) and transmission pipelines (long-distance lines that carry this product to markets).
2. Storage Facilities: The company has investments in storage facilities, crucial for managing supply chain demands and ensuring that energy resources are readily available when needed.
3. Renewable Energy Projects: The company might participate in lease arrangements or develop partnerships for wind farms or solar energy projects. These initiatives focus on generating sustainable energy while providing predictable revenue streams.
4. Regulatory-Backed Investment Opportunities: Corenergy may focus on infrastructure that has regulatory support or governance backing, such as those involved in delivering and storing energy mandated by federal or state policies.
Services
1. Asset Management: Corenergy offers specialized services related to managing its energy infrastructure assets. This includes oversight of property operations, maintenance, and compliance with safety and environmental regulations.
2. Investment Advisory Services: The company, through its expertise in energy infrastructure, may offer advisory services to other investors or fund managers looking to enter the space or expand their infrastructure portfolios.
3. Property Management: For assets owned by the Trust, Corenergy is responsible for ensuring optimal operational performance, which may include tenant relations, maintenance, and capital enhancements.
4. Market Analysis and Research: Given the volatile nature of energy markets, Corenergy may provide insights and analysis to clients and stakeholders regarding trends in demand, pricing, and regulatory changes affecting the energy sector.
5. Partnership Development: Corenergy might engage in partnerships with energy producers or other infrastructure owners to co-manage assets or develop new projects, sharing risks and rewards.
Strategic Focus
Corenergys strategy emphasizes stable, long-term cash flows by investing in essential energy infrastructure that underpins the functioning of the energy sector. The company seeks to capitalize on the increasing demand for energy while being mindful of the transition towards more sustainable practices within the industry.
Conclusion
Corenergy Infrastructure Trust Inc. presents a unique approach to infrastructure investing through its focus on critical energy assets. By targeting midstream and renewable projects, the company positions itself to benefit from both traditional and emerging energy markets, promoting stability and growth through its diversified product and service offerings in the infrastructure landscape.
Segments
1. Infrastructure Investment: This is the core segment of Corenergy’s operations, emphasizing the acquisition and management of essential energy infrastructure assets. The company concentrates on areas where there is a steady demand for energy and infrastructure reliability.
2. Real Estate Investment: Corenergy distinguishes its investments based on direct ownership of the physical properties related to energy infrastructure, unlike traditional REITs that often focus on residential or commercial real estate.
3. Sector Specialization: Corenergy primarily specializes in two areas:
- Midstream Energy Assets: This includes investments in pipelines and storage facilities that transport and store oil and gas, making it pivotal for energy distribution and management.
- Renewable Energy Assets: Recognition of the need for sustainability has led Corenergy to explore opportunities within renewable energy sources, including solar and wind, to diversify its portfolio.
Products
1. Pipeline Infrastructure: Corenergy invests in companies and systems involved in the transportation of oil and natural gas through pipelines. This includes both gathering systems (short pipelines that collect oil and gas from production sites) and transmission pipelines (long-distance lines that carry this product to markets).
2. Storage Facilities: The company has investments in storage facilities, crucial for managing supply chain demands and ensuring that energy resources are readily available when needed.
3. Renewable Energy Projects: The company might participate in lease arrangements or develop partnerships for wind farms or solar energy projects. These initiatives focus on generating sustainable energy while providing predictable revenue streams.
4. Regulatory-Backed Investment Opportunities: Corenergy may focus on infrastructure that has regulatory support or governance backing, such as those involved in delivering and storing energy mandated by federal or state policies.
Services
1. Asset Management: Corenergy offers specialized services related to managing its energy infrastructure assets. This includes oversight of property operations, maintenance, and compliance with safety and environmental regulations.
2. Investment Advisory Services: The company, through its expertise in energy infrastructure, may offer advisory services to other investors or fund managers looking to enter the space or expand their infrastructure portfolios.
3. Property Management: For assets owned by the Trust, Corenergy is responsible for ensuring optimal operational performance, which may include tenant relations, maintenance, and capital enhancements.
4. Market Analysis and Research: Given the volatile nature of energy markets, Corenergy may provide insights and analysis to clients and stakeholders regarding trends in demand, pricing, and regulatory changes affecting the energy sector.
5. Partnership Development: Corenergy might engage in partnerships with energy producers or other infrastructure owners to co-manage assets or develop new projects, sharing risks and rewards.
Strategic Focus
Corenergys strategy emphasizes stable, long-term cash flows by investing in essential energy infrastructure that underpins the functioning of the energy sector. The company seeks to capitalize on the increasing demand for energy while being mindful of the transition towards more sustainable practices within the industry.
Conclusion
Corenergy Infrastructure Trust Inc. presents a unique approach to infrastructure investing through its focus on critical energy assets. By targeting midstream and renewable projects, the company positions itself to benefit from both traditional and emerging energy markets, promoting stability and growth through its diversified product and service offerings in the infrastructure landscape.