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CorEnergy Infrastructure Trust, - CORR-PA STOCK NEWS

Welcome to our dedicated news page for CorEnergy Infrastructure Trust, (Ticker: CORR-PA), a resource for investors and traders seeking the latest updates and insights on CorEnergy Infrastructure Trust,.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CorEnergy Infrastructure Trust,'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CorEnergy Infrastructure Trust,'s position in the market.

Rhea-AI Summary
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) reported total revenue of $35.7 million for Q2 2023. The company generated a net loss of $3.2 million and adjusted EBITDA of $5.8 million. They also announced an agreement to sell MoGas and Omega Pipeline Systems for $175.0 million in cash, pending FTC review. The company filed proposed cost-of-service based tariff increases and amended their credit facility. The 2023 outlook was revised to expect adjusted EBITDA of $24.0 to $26.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.32%
Tags
earnings
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Rhea-AI Summary
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) reported total revenue of $35.7 million for Q2 2023. The company generated a net loss of $3.2 million and adjusted EBITDA of $5.8 million. They also announced an agreement to sell MoGas and Omega Pipeline Systems for $175.0 million in cash, pending FTC review. The company filed proposed cost-of-service based tariff increases and amended their credit facility. The 2023 outlook was revised to expect adjusted EBITDA of $24.0 to $26.0 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-12.73%
Tags
earnings
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.76%
Tags
earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.89%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.52%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.76%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
18.87%
Tags
none
-
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.59%
Tags
none
Rhea-AI Summary
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) reported financial results for Q1 2023, including total revenue of $29.3 million. The company generated a net loss of $3.2 million and adjusted EBITDA of $7.4 million. They transported an average of 150,738 barrels per day, a decrease from the previous quarter. The company undertook restructuring activities resulting in a charge of $1.7 million. They filed proposed cost-of-service based tariff increases and amended their credit facility. They completed the sale of PLA inventory, generating $6.3 million in cash proceeds.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.42%
Tags
earnings
CorEnergy Infrastructure Trust,

NYSE:CORR-PA

CORR-PA Rankings

CORR-PA Stock Data

105.35M
14.53M
13.92%
REIT—Specialty
Real Estate
Link
United States
Kansas City