CORR
CorEnergy Infrastructure Trust, Inc.CORR
CORR
Delisted
CORR was delisted on the 1st of December, 2023.
About: 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.
Employees: 156
Financial journalist opinion
Neutral
Business Wire
11 months ago
CorEnergy Successfully Completes Financial Restructuring
KANSAS CITY, Mo.--(BUSINESS WIRE)---- $CORR--CorEnergy Infrastructure Trust, Inc. (“CorEnergy” or the “Company”) today announced the successful completion of its reorganization process and emergence from Chapter 11 protection effective June 12, 2024 (the “Effective Date”). CorEnergy emerges with significantly less debt and a simplified capital structure which is better aligned to current market conditions and its go-forward objectives. The Company expects that the successful restructuring, combined with.
Neutral
Business Wire
11 months ago
CorEnergy's Plan of Reorganization Confirmed by Bankruptcy Court
KANSAS CITY, Mo.--(BUSINESS WIRE)---- $CORR--CorEnergy Infrastructure Trust, Inc. (OTC Pink: CORRQ, CORRL) (“CorEnergy” or the “Company”) announced that the U.S. Bankruptcy Court for the Western District of Missouri (the “Court”) confirmed its Chapter 11 Plan of Reorganization (the “Plan”) on May 24, 2024. Creditors and existing preferred equity holders entitled to vote overwhelmingly supported the Plan. Upon emergence from bankruptcy, which is expected to occur on June 12, 2024 (the “Effective Date”), t.
Negative
Seeking Alpha
1 year ago
The State Of REITs: February 2024 Edition
The REIT sector had a rough start to 2024 with a -5.72% total return in January. Large cap REITs (-4.79%) outperformed their smaller peers in January. Micro cap REITs (-8.39%) averaged the steepest declines. Only 9.55% of REIT securities had a positive total return in January.
Neutral
Business Wire
1 year ago
CorEnergy Enters Restructuring Support Agreement
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.
Neutral
Business Wire
1 year ago
CorEnergy Closes Sale of MoGas and Omega Pipeline Systems to Spire
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.
Neutral
PRNewsWire
1 year ago
Spire completes acquisition of MoGas and Omega pipeline systems
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).
Positive
Seeking Alpha
1 year ago
The State Of REITs: January 2024 Edition
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.
Neutral
Business Wire
1 year ago
CorEnergy Announces Suspension of NYSE Status
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.
Neutral
Business Wire
1 year ago
NYSE to Commence Delisting Proceedings Against CorEnergy Infrastructure Trust, Inc (CORR)
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.
Negative
Seeking Alpha
1 year ago
The State Of REITs: November 2023 Edition
REITs averaged a -5.31% total return in October and have now fallen to a double-digit negative total return year to date (-10.46%). Large cap REITs (-2.24%) outperformed their smaller peers in October. Micro caps (-11.32%) extended their streak of severe underperformance. 26.80% of REIT securities had a positive total return in October with just 25.00% in the black year to date.
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