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Corenergy Infrastructure Trust Inc   (CORR)
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Price: $0.0198 $-0.22 -91.848%
Day's High: $0.1899 Week Perf: -92.38 %
Day's Low: $ 0.02 30 Day Perf: -93.82 %
Volume (M): 3,601 52 Wk High: $ 1.75
Volume (M$): $ 71 52 Wk Avg: $0.83
Open: $0.12 52 Wk Low: $0.02



 Market Capitalization (Millions $) 0
 Shares Outstanding (Millions) 16
 Employees -
 Revenues (TTM) (Millions $) 134
 Net Income (TTM) (Millions $) -11
 Cash Flow (TTM) (Millions $) -94
 Capital Exp. (TTM) (Millions $) 29

Corenergy Infrastructure Trust Inc
Corenergy Infrastructure Trust Inc. is a real estate investment trust (REIT) that primarily invests in midstream and downstream energy infrastructure assets in North America. The company's objective is to provide its shareholders with stable and growing cash flows through investments in energy infrastructure assets with long-term contracts.

Corenergy's portfolio consists of assets such as natural gas transmission pipelines, gathering systems, storage facilities, and power generation plants. The company's primary focus is on assets that have long-term contracts with creditworthy counterparties, providing stable and predictable cash flows to investors.

The company's investment strategy is to acquire assets that have attractive returns on investment, long-term contracts, and predictable cash flows. Corenergy's management team has extensive experience in the energy and infrastructure sectors, enabling the company to identify and acquire high-quality assets and manage them efficiently.

The company's revenue streams come from the fees and revenues generated by its ownership of infrastructure assets. The fees are based on contracted rates, and the revenues come from the sale of energy or other products from the infrastructure assets.

Corenergy's financial strategy is to maintain a strong and flexible balance sheet, with a focus on minimizing debt and maintaining a high-quality credit rating. The company uses its cash flows to invest in assets that will generate additional cash flows and to pay its shareholders a stable dividend.

Overall, Corenergy Infrastructure Trust Inc is a well-managed, financially sound, and highly focused energy infrastructure REIT. Its assets are known for generating strong cash flows, and its strategy of acquiring long-term investment-grade contracts with creditworthy counterparties makes it an attractive investment opportunity for investors seeking stable and predictable cash flows.


   Company Address: 1100 Walnut, Ste. 3350 Kansas City, 64106 MO
   Company Phone Number: 875-3705   Stock Exchange / Ticker: NYSE CORR
   CORR is expected to report next financial results on March 28, 2024.


   

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Corenergy Infrastructure Trust Inc

Corenergy Infrastructure Trust Inc's Revenue Growth Fails to Offset Deficit in Third Quarter of 2023 Earnings Season



Corenergy Infrastructure Trust Inc (NYSE: CORR) recently released its financial results for the third quarter of 2023. Despite a marginal revenue increase of 0.252%, the company reported a loss of $-0.47 per share, compared to a loss of $-1.17 per share in the previous year. Additionally, the loss widened from $-0.40 per share in the previous quarter. Although Corenergy's net loss improved compared to the same quarter last year, the company still faces significant challenges. This article will analyze the company's recent financial performance, underwhelming revenue growth, declining inventories, and rising accounts receivable, which suggest a bearish outlook for Corenergy Infrastructure Trust Inc.
Financial Performance:
Corenergy's financial performance for the third quarter of 2023 was disappointing, with a loss of $-4.3 million. This stands as a significant deficit compared to the loss of $-15.502 million in the same quarter a year ago. The company's net loss does show improvement, but it remains a concerning factor for potential investors.

Corenergy Infrastructure Trust Inc

Corenergy Infrastructure Trust Inc Faces Financial Challenges Despite Strong Revenue Growth, Deficit Widens

Financial News Report: Corenergy Infrastructure Trust Inc faces challenges, revenue increases but deficit widens
Corenergy Infrastructure Trust Inc, a leading energy infrastructure company, reported an increase in revenue for the April to June 30, 2023 financial time-frame compared to the same period a year ago. Revenue grew by 13.11%, reaching $35.65 million. However, the company's deficit per share widened to -$0.40, indicating financial challenges.
In the preceding reporting period, revenue improved by 21.511% from $29.34 million, and the income per share also saw improvement, moving from -$0.41 per share. However, for the April to June 30, 2023 financial time-frame, Corenergy Infrastructure Trust Inc recorded a net deficit of -$3.167 million, a significant decrease compared to the earnings of $2.170 million in the same reporting period a year before.






 

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