CorEnergy Infrastructure Trust, Inc.
CORR-PA
New York Stock Exchange4.20
USD
+0.08
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CorEnergy Infrastructure Trust, Inc.
CORR-PA
(New York Stock Exchange)
Recent
price
4.20
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- CorEnergy Infrastructure Trust, Inc. is a publicly listed Real Estate Investment Trust (REIT) specializing in owning, operating, and leasing critical energy infrastructure assets primarily within the United States. The company focuses on midstream and downstream energy infrastructure, including pipelines, storage terminals, transmission and distribution assets, and right-of-way corridors that perform utility-like functions. CorEnergy’s revenue model centers on long-term, triple-net leases and financing agreements with operating partners, ensuring stable and predictable income streams underpinned by contractually secure, creditworthy customers. Founded in 2015 and headquartered in Kansas City, Missouri, CorEnergy operates across diverse energy infrastructure markets, providing investors direct access to energy infrastructure investments with favorable tax treatment. In terms of recent developments, CorEnergy emerged from Chapter 11 bankruptcy protection in mid-2024 following a financial restructuring that significantly reduced its debt and simplified its capital structure, positioning the company for improved cash flow and stability. The company continues to pursue growth opportunities aligned with energy transition trends and infrastructure modernization. Notably, in the early 2020s, CorEnergy acquired Crimson Midstream Holdings, adding four California pipeline systems that serve regulated crude oil markets, expanding its footprint in strategic, utility-like energy assets. Additionally, CorEnergy completed the internalization of its REIT manager, reducing management fees and streamlining operations. More recently, it has divested non-core assets, including the MoGas Pipeline and Omega Pipeline systems, to enhance capital efficiency and focus on core assets. CorEnergy’s business model differentiates itself by targeting energy infrastructure corridors and assets that are difficult to replicate and critical to energy supply chains. The company provides financing arrangements that enable operating partners—such as energy and utility companies—to maintain operational control while unlocking capital value from their infrastructure. The portfolio serves a wide range of customers, including regulated utilities and energy producers focused on energy transport and storage. CorEnergy’s strategic positioning in the infrastructure REIT niche combines real estate expertise with energy sector knowledge, enabling it to address infrastructure funding needs in an evolving energy market landscape. In summary, CorEnergy Infrastructure Trust, Inc. is a specialized infrastructure REIT focusing on energy-related pipeline, storage, and transmission assets in the U.S., generating revenue from long-term leases and financing arrangements underpinned by creditworthy operators. The company has undergone significant financial restructuring in 2024, expanded its asset base through acquisitions like Crimson Midstream Holdings, and optimized its operational and capital structure through internalization and asset divestitures. It targets critical infrastructure right-of-ways that support the energy transition and provide resilient revenue streams. CorEnergy is headquartered in Kansas City, Missouri, and remains focused on delivering stable income and growth through its unique positioning in energy infrastructure real estate.