CorEnergy Infrastructure Trust Management

Management criteria checks 2/4

CorEnergy Infrastructure Trust's CEO is Dave Schulte, appointed in Jan 2005, has a tenure of 19.25 years. total yearly compensation is $1.07M, comprised of 46.6% salary and 53.4% bonuses, including company stock and options. directly owns 5.75% of the company’s shares, worth $11.80K. The average tenure of the management team and the board of directors is 3.2 years and 8.8 years respectively.

Key information

Dave Schulte

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	46.6%
CEO tenure	19.3yrs
CEO ownership	5.7%
Management average tenure	3.2yrs
Board average tenure	8.8yrs

Recent management updates

Recent updates

CorEnergy Infrastructure Trust (CORR) Presents At Sidoti Virtual Microcap Conference

Nov 20

CorEnergy Infrastructure Trust declares $0.05 dividend

Nov 02

CEO Compensation Analysis

How has Dave Schulte's remuneration changed compared to CorEnergy Infrastructure Trust's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-US$283m
Sep 30 2023	n/a	n/a	-US$24m
Jun 30 2023	n/a	n/a	-US$35m
Mar 31 2023	n/a	n/a	-US$30m
Dec 31 2022	US$1m	US$500k	-US$22m
Sep 30 2022	n/a	n/a	-US$17m
Jun 30 2022	n/a	n/a	US$2m
Mar 31 2022	n/a	n/a	US$979k
Dec 31 2021	US$250k	US$250k	-US$15m

Compensation vs Market: Dave's total compensation ($USD1.07M) is above average for companies of similar size in the US market ($USD670.12K).

Compensation vs Earnings: Dave's compensation has increased whilst the company is unprofitable.

CEO

Dave Schulte (62 yo)

19.3yrs

Tenure

US$1,073,703

Compensation

Mr. David John Schulte, also known as Dave, JD, CFA, has been an Independent Director of Western Midstream Holdings, LLC (formerly Western Gas Equity Holdings, LLC), the General Partner of Western Midstrea...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
David Schulte	Co-Founder	19.3yrs	US$1.07m	5.75% $ 11.8k
Robert Waldron	CFO & President	3.2yrs	US$535.41k	0.094% $ 193.7
John Grier	COO & Director	3.2yrs	no data	0.064% $ 132.1
Christopher Huffman	Chief Accounting Officer	2.4yrs	no data	0.035% $ 71.5
Christopher Reitz	Executive VP	1.8yrs	no data	no data
Michael Jonagan	Senior Vice President	10yrs	no data	no data
Rachel Stroer	Assistant Secretary	no data	no data	no data
Natalie Hill	Assistant Corporate Secretary and Paralegal	no data	no data	no data
Matt Kreps	Investor Relations Officer	no data	no data	no data

3.2yrs

Average Tenure

59.5yo

Average Age

Experienced Management: CORR.Q's management team is considered experienced (3.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
David Schulte	Co-Founder	12.3yrs	US$1.07m	5.75% $ 11.8k
John Grier	COO & Director	3.2yrs	no data	0.064% $ 132.1
Conrad Ciccotello	Independent Director	19.3yrs	US$112.00k	0.22% $ 451.3
Todd Banks	Lead Independent Director	6.9yrs	US$113.00k	0.15% $ 305.9
Catherine Lewis	Independent Director	10.8yrs	US$112.00k	0.17% $ 352.8
Arkan Haile	Independent Director	1.9yrs	US$60.55k	0.091% $ 186.5

8.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CORR.Q's board of directors are considered experienced (8.8 years average tenure).

CorEnergy Infrastructure Trust Management

Management criteria checks 2/4

Key information

Recent management updates

CorEnergy Infrastructure Trust, Inc. Appoints Robert L Waldron as President

Corenergy Infrastructure Trust, Inc. Elects Arkan Haile as Director

CorEnergy Infrastructure Trust, Inc., Annual General Meeting, May 25, 2022

CorEnergy Announces John Grier as Chief Operating Officer and Board Member

Recent updates

CorEnergy Infrastructure Trust, Inc. announced delayed annual 10-K filing

CorEnergy Infrastructure Trust, Inc. Filed for Bankruptcy

CorEnergy Infrastructure Trust, Inc.(OTCPK:CORR) dropped from S&P TMI Index

NYSE Regulation Determines to Commence Proceedings to Delist CorEnergy Infrastructure's Common Stock and Preferred Stock from New York Stock Exchange

NYSE Regulation Determines to Commence Proceedings to Delist CorEnergy Infrastructure's Common Stock and Preferred Stock from New York Stock Exchange

New major risk - Market cap size

CorEnergy Infrastructure Trust, Inc. to Report Q3, 2023 Results on Nov 07, 2023

CorEnergy Announces Receipt of Continued Listing Standard Notice from NYSE

CorEnergy Announces Receipt of Continued Listing Standard Notice from NYSE

Second quarter 2023 earnings released: US$0.40 loss per share (vs US$0.076 loss in 2Q 2022)

CorEnergy Infrastructure Trust, Inc. to Report Q2, 2023 Results on Aug 14, 2023

Spire Inc. (NYSE:SR) entered into an agreement to acquire Mogas and Omega pipeline systems from CorEnergy Infrastructure Trust, Inc. (NYSE:CORR) for $180 million.

Full year 2022 earnings released: US$1.48 loss per share (vs US$1.04 loss in FY 2021)

CorEnergy Infrastructure Trust, Inc. to Report Fiscal Year 2022 Results on Mar 07, 2023

CorEnergy: Common And Preferred Distributions Cut, What's Next?

CorEnergy Infrastructure Trust, Inc. Appoints Robert L Waldron as President

CorEnergy Infrastructure Trust: 16% Yield On Preferred Shares

Third quarter 2022 earnings released: US$1.17 loss per share (vs US$0.024 profit in 3Q 2021)

CorEnergy Infrastructure Trust, Inc. Provides Earnings Guidance for the Fourth Quarter 2022

Third quarter 2022 earnings released: US$1.17 loss per share (vs US$0.024 profit in 3Q 2021)

CorEnergy Infrastructure Trust GAAP EPS of -$1.17, revenue of $32.96M

Upcoming dividend of US$0.05 per share

CorEnergy Infrastructure Trust, Inc. to Report Q3, 2022 Results on Nov 10, 2022

CorEnergy Infrastructure Trust declares $0.05 dividend

CorEnergy: Common And Preferred Distributions Likely Get Cut

Second quarter 2022 earnings released: US$0.076 loss per share (vs US$0.14 loss in 2Q 2021)

CorEnergy Infrastructure Trust GAAP EPS of -$0.08, revenue of $31.5M

Upcoming dividend of US$0.05 per share

CorEnergy Infrastructure Trust, Inc. Declares Common Dividends for Second Quarter 2022, Payable on August 31, 2022

CorEnergy Infrastructure Trust declares $0.05 dividend

CorEnergy: Rising Risks

Corenergy Infrastructure Trust, Inc. Elects Arkan Haile as Director

First quarter 2022 earnings released: US$0.005 loss per share (vs US$1.07 loss in 1Q 2021)

Upcoming dividend of US$0.05 per share

CorEnergy Infrastructure Trust, Inc. Declares Common Dividend for the First Quarter 2022, Payable on May 31, 2022

CorEnergy Infrastructure Trust, Inc. to Report Q1, 2022 Results on May 12, 2022

CorEnergy Infrastructure Trust, Inc., Annual General Meeting, May 25, 2022

Price target decreased to US$4.00

CorEnergy: A Look At Dividend Safety For 2022

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

CorEnergy: My Worst Investment Ever Is Still Struggling

CorEnergy Infrastructure Trust, Inc. Declares Fourth Quarter 2021 Dividend for its Common Stock, Payable on February 28, 2022

CorEnergy Preferreds Yield 10%: What We Like More

Third quarter 2021 earnings released: EPS US$0.024 (vs US$0.46 loss in 3Q 2020)

Upcoming dividend of US$0.05 per share

CorEnergy: Valuation Still High Despite Stock's Decline

Second quarter 2021 earnings released: US$0.14 loss per share (vs US$10.24 loss in 2Q 2020)

Upcoming dividend of US$0.05 per share

CorEnergy Infrastructure Trust, Inc.(NYSE:CORR) dropped from Russell 3000E Value Index

Chief Accounting Officer Kristin Leitze has left the company

First quarter 2021 earnings released: US$1.07 loss per share (vs US$12.04 loss in 1Q 2020)

Corenergy Infrastructure Trust, Inc. Announces Earnings Guidance for the Second Half of 2021

CorEnergy Infrastructure Trust beats on revenue

Upcoming dividend of US$0.05 per share

Price target decreased to US$8.00

CorEnergy Infrastructure Trust, Inc. Declares First Quarter 2021 Dividend, Payable on May 28, 2021

What Kind Of Shareholders Own CorEnergy Infrastructure Trust, Inc. (NYSE:CORR)?

Full year 2020 earnings released: US$1.08 FFO loss per share (vs US$1.29 profit in FY 2019)

Revenue beats expectations

CorEnergy Announces John Grier as Chief Operating Officer and Board Member

CorEnergy buys Crimson's California pipeline assets in $350M deal

CorEnergy Infrastructure Trust, Inc. to Report Q4, 2020 Results on Mar 03, 2021

CorEnergy Infrastructure Trust declares $0.05 dividend

New 90-day high: US$9.25

A Look At CorEnergy Infrastructure Trust's (NYSE:CORR) Share Price Returns

New 90-day high: US$8.73

CorEnergy: Asymmetric Setup

CorEnergy Infrastructure Trust (CORR) Presents At Sidoti Virtual Microcap Conference

Analysts update estimates

New 90-day low: US$3.95

Price target lowered to US$4.00