CorEnergy Infrastructure Price, Forecast, Insider, Ratings, Fundamentals & Signals

Kansas city, mo.--(business wire)---- $corr--corenergy infrastructure trust, inc. (otc pink: corr, corrl) (“corenergy” or the “company”) today announced that it has reached an agreement with certain of its noteholders on a comprehensive financial restructuring that will reduce debt and restructure its balance sheet. the ad hoc group of noteholders, whose members hold approximately 90% of corenergy's 5.875% unsecured convertible senior notes due 2025 (the “senior notes”), has entered into a restructuring.

Businesses join spire's existing midstream infrastructure. st. louis , jan. 19, 2024 /prnewswire/ -- spire inc. (nyse: sr) today announced it has completed its acquisition of mogas pipeline (mogas), an interstate natural gas pipeline, and omega pipeline (omega), a connected gas distribution system, from corenergy infrastructure trust, inc. (otc: corr, corrl).

Kansas city, mo.--(business wire)---- $corr--corenergy infrastructure trust, inc. (otc: corr, corrl) ("corenergy" or the "company") today closed the sale of its mogas and omega pipeline systems (together, the “mogas system”) to spire midstream, a subsidiary of spire inc. (nyse: sr). the mogas system is an interstate natural gas transmission and distribution system providing service to markets in missouri and illinois. transaction highlights all-cash transaction for $175 million, plus working capital adju.

Kansas city, mo.--(business wire)---- $corr--corenergy infrastructure trust, inc. (otc: corr, corrl) ("corenergy" or the "company") today announced that on december 1, 2023 it received notice that the new york stock exchange (“nyse”) has determined to suspend trading of and commenced proceedings to delist shares of corenergy's common and preferred stock. the notice was issued because the company fell below the nyse's continued listing standard requiring an average global common stock market capitalizatio.

New york--(business wire)--the new york stock exchange (“nyse”, the “exchange”) announced today that the staff of nyse regulation has determined to commence proceedings to delist the two securities enumerated below (“securities”) of corenergy infrastructure trust, inc (the “company”) from the nyse. trading in the company's securities will be suspended immediately. symbol description corr common stock corr pra depositary shares, each representing a 1/100th fractional interest of a share of 7.375.

The REIT sector closed the year out strong with a +11.40% total return in December, pushing into positive territory for the full year (+8.66%). Small cap REITs (+13.39%) outperformed in December. Large cap REITs (+9.55%) averaged a lower return than their smaller peers. 90.79% of REIT securities had a positive total return in December with 66.25% in the black for the full year.

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR ) Q2 2023 Results Conference Call August 14, 2023 12:00 PM ET Company Participants Matt Kreps - IR Dave Schulte - CEO, Chairman Chris Huffman - CAO Robert Waldron - President, CFO Conference Call Participants Tim O'Toole - Stifel Operator Greetings. Welcome to the CorEnergy Second Quarter 2023 Results Call.

CorEnergy Infrastructure Trust, Inc. (NYSE:CORR ) Q1 2023 Earnings Conference Call May 11, 2023 11:00 AM ET Company Participants Matt Kreps - IR Officer Robert Waldron - CFO & President Christopher Huffman - CAO David Schulte - Co-Founder, CEO & Chairman Conference Call Participants Selman Akyol - Stifel, Nicolaus & Company Christopher Cook - Zazove Associates Garrett Fellows - J.H. Lane Partners Operator Good day, and welcome to the CorEnergy First Quarter 2023 Earnings Conference Call.

U.S. equity markets declined while benchmark interest rates jumped this week as hawkish commentary from Fed officials, heightened geopolitical tensions, and mixed corporate earnings results weighed on sentiment. Posting just its second weekly decline of the year, the S&P 500 slipped 1.0% on the week, while the tech-heavy Nasdaq 100 declined 2.1% - its first down week of 2023.

CorEnergy (CORR) closed the most recent trading day at $1.68, making no change from the previous trading session.

Each round of successive results had forced us to dial up the caution on CorEnergy. On our last call, we took the controversial stance that the investors hiding in preferred shares are likely to face a cut at the same time as the common shares.

There are thousands of penny stocks. However, when it comes to penny stock REITs (real estate investment trusts), there are only a handful.

CorEnergy Infrastructure Trust is a REIT that owns pipeline assets for the transportation of crude oil and natural gas. The company's preferred shares are deeply discounted due to a number of risks.

PSX, DCP and CORR made it to the Zacks Rank #1 (Strong Buy) value stocks list on November 17, 2022.

CorEnergy (CORR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).