CORR - CorEnergy Infrastructure trades high on narrowed net loss and FFO

November, 03 2020 10:41 AM CorEnergy Infrastructure Trust Inc.

For Q3, CorEnergy Infrastructure Trust ([[CORR]] +7.2%) reported total revenue of $4.63M vs. $21.08M in year ago quarter.Net loss per share narrowed to $0.46 from $1.65 in year ago quarter; FFO/share stood at -$0.31 vs. -$1.22 in year ago quarter while adjusted FFO stood at -$0.21.Cash and equivalents stood at $104.22M as of Sep.30, 2020 vs. $120.86M as of Dec.31, 2020.The company declared a quarterly dividend of $0.05/share; for its 7.375% Series A Cumulative Redeemable Preferred Stock, a cash dividend of $0.46/depositary share was declared payable on Nov.30 to stockholders as of record on Nov.16, 2020."We expect the most recent of our MoGas expansion projects to come online by the beginning of December, driving incremental revenue generating capabilities under a new 10-year contract with Spire, in addition to a recent 10-year expansion agreement signed with Ameren," chairman & CEO Dave Schulte commented.Omega pipeline is providing increased support as the Department of Defense constructs additional natural gas

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CorEnergy Infrastructure trades high on narrowed net loss and FFO

Company Name:	CorEnergy Infrastructure Trust Inc.
Stock Symbol:	CORR
Market:	NYSE

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