CorEnergy Infrastructure (CORR) Misses Q2 EPS by 30c
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CorEnergy Announces Second Quarter 2022 Results
August 11, 2022 8:00 AM EDTKANSAS CITY, Mo.--(BUSINESS WIRE)-- CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced financial results for the second quarter, ended June 30, 2022.
Second Quarter 2022 and Recent Highlights
Reported consolidated revenue of $31.5 million for the three months ended June 30, 2022. Generated Net Income of $2.2 million and Adjusted EBITDA of $10.0 million. Experienced lower than expected transportation volumes, mitigated by higher than plan revenue from the value of crude oil received as pipeline loss allowance and by cost management. Transportation volumes on the Crimson assets are expected to... More