CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Interest Expense : $-17.3 Mil (TTM As of Sep. 2023)

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What is CorEnergy Infrastructure Trust Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. CorEnergy Infrastructure Trust's interest expense for the three months ended in Sep. 2023 was $ -4.5 Mil. Its interest expense for the trailing twelve months (TTM) ended in Sep. 2023 was $-17.3 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. CorEnergy Infrastructure Trust's Operating Income for the three months ended in Sep. 2023 was $ 0.4 Mil. CorEnergy Infrastructure Trust's Interest Expense for the three months ended in Sep. 2023 was $ -4.5 Mil. CorEnergy Infrastructure Trust's Interest Coverage for the quarter that ended in Sep. 2023 was 0.08. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CorEnergy Infrastructure Trust Interest Expense Historical Data

The historical data trend for CorEnergy Infrastructure Trust's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CorEnergy Infrastructure Trust Interest Expense Chart

CorEnergy Infrastructure Trust Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Interest Expense

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-12.76

-10.58

-10.30

-12.74

-13.93

CorEnergy Infrastructure Trust Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Interest Expense	Get a 7-Day Free Trial															-3.48	-3.96	-4.41	-4.43	-4.50

CorEnergy Infrastructure Trust Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-17.3 Mil.

CorEnergy Infrastructure Trust (OTCPK:CORRQ) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

CorEnergy Infrastructure Trust's Interest Expense for the three months ended in Sep. 2023 was $-4.5 Mil. Its Operating Income for the three months ended in Sep. 2023 was $0.4 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Sep. 2023 was $123.0 Mil.

CorEnergy Infrastructure Trust's Interest Coverage for the quarter that ended in Sep. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Sep. 2023 )	/	Interest Expense (Q: Sep. 2023 )
	=	-1	*	0.363	/	-4.499
	=	0.08

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. CorEnergy Infrastructure Trust Incs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

CorEnergy Infrastructure Trust (CorEnergy Infrastructure Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » CorEnergy Infrastructure Trust Inc (OTCPK:CORRQ) » Definitions » Interest Expense

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CORRL.PFD:USA

Address

1100 Walnut, Suite 3350, Kansas, MO, USA, 64106

Website

https://www.corenergy.reit

CorEnergy Infrastructure Trust Inc is primarily focused on acquiring and financing midstream and downstream real estate assets within the U.S. energy infrastructure sector. The company also provides other types of capital, including loans secured by energy infrastructure assets. It owns assets, such as pipelines, storage terminals, and transmission and distribution assets. Its assets include Crimson Midstream Holding, MoGas Pipeline System, and Omega Pipeline. The majority of the revenue is generated from the lease received.

Executives

Christopher M. Huffman	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64119
Robert L Waldron	officer: President and CFO	1100 WALNUT, SUITE 3350, KANSAS MO 64106
John D Grier	director, officer: Chief Operating Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C. Kreul	officer: President - Mowood and MoGas	1100 WALNUT STREET, KANSAS CITY MO 64106
Arkan Haile	director	1100 WALNUT STREET, KANSAS CITY MO 64106
Catherine A. Lewis	director	325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064
Todd E. Banks	director	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Ciccotello Conrad S	director	5100 W. 115TH PLACE, LEAWOOD KS 66211
David J Schulte	officer: President and CEO	233 WEST 47TH ST., KANSAS CITY MO 64112
Larry W Alexander	officer: President of Crimson Midstream	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Jeffrey E. Fulmer	officer: Executive Vice President	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Rebecca M Sandring	officer: Treasurer	4200 W. 115TH STREET, LEAWOOD KS 66211
Kristin M Leitze	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Nate Poundstone	officer: Chief Accounting Officer	1100 WALNUT, SUITE 3350, KANSAS CITY MO 64106
Richard C Green	director	4200 W 115TH STREET, SUITE 210, LEAWOOD KS 66211