corridor is an asset manager specializing in financing the acquisition or development of real property infrastructure assets. we provide capital to operating partners through infrastructure reit financing. our strategy is founded on the critical assets contained in infrastructure right-of-ways calls "corridors." our objective is to provide stockholders attractive risk-adjusted total return, with an emphasis on distributions and distribution growth.
Company profile
Ticker
CORR, CORR-PA
Exchange
Website
CEO
David Schulte
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
TORTOISE CAPITAL RESOURCES CORP
SEC CIK
Corporate docs
Subsidiaries
Cardinal Pipeline, L.P. • CorEnergy BBWS, Inc. • CorEnergy Pipeline Company, LLC • Corridor Bison, LLC • Corridor InfraTrust Management, Inc. • Corridor Leeds Path West, Inc. • Corridor MoGas, Inc. • Corridor Private Holdings, Inc. • Corridor Public Holdings, Inc. • Crimson California Pipeline, L.P. ...
CORR stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
17 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
EFFECT
Notice of effectiveness
12 Mar 24
EFFECT
Notice of effectiveness
12 Mar 24
EFFECT
Notice of effectiveness
12 Mar 24
EFFECT
Notice of effectiveness
12 Mar 24
EFFECT
Notice of effectiveness
12 Mar 24
POS AM
Prospectus update (post-effective amendment)
11 Mar 24
POS AM
Prospectus update (post-effective amendment)
11 Mar 24
POS AM
Prospectus update (post-effective amendment)
11 Mar 24
Transcripts
CORR
Earnings call transcript
2023 Q3
7 Nov 23
CORR
Earnings call transcript
2023 Q2
14 Aug 23
CORR
Earnings call transcript
2023 Q1
11 May 23
CORR
Earnings call transcript
2022 Q4
7 Mar 23
CORR
Earnings call transcript
2022 Q3
10 Nov 22
CORR
Earnings call transcript
2022 Q2
11 Aug 22
CORR
Earnings call transcript
2022 Q1
13 May 22
CORR
Earnings call transcript
2021 Q4
14 Mar 22
CORR
Earnings call transcript
2021 Q3
9 Nov 21
CORR
Earnings call transcript
2021 Q2
9 Aug 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 9.24 mm | 9.24 mm | 9.24 mm | 9.24 mm | 9.24 mm | 9.24 mm |
Cash burn (monthly) | 1.03 mm | 950.47 k | 1.38 mm | 563.80 k | (no burn) | (no burn) |
Cash used (since last report) | 7.11 mm | 6.55 mm | 9.53 mm | 3.89 mm | n/a | n/a |
Cash remaining | 2.13 mm | 2.69 mm | -284.71 k | 5.36 mm | n/a | n/a |
Runway (months of cash) | 2.1 | 2.8 | -0.2 | 9.5 | n/a | n/a |
Institutional ownership, Q2 2023
8.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 26 |
Opened positions | 6 |
Closed positions | 9 |
Increased positions | 2 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 1.24 bn |
Total shares | 1.25 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 536.57 k | $600.96 mm |
BLK Blackrock | 191.34 k | $214.30 mm |
Geode Capital Management | 134.89 k | $151.07 mm |
LSV Asset Management | 79.83 k | $89.00 k |
STT State Street | 47.46 k | $53.15 mm |
H&H Retirement Design & Management | 34.19 k | $38.29 mm |
Mariner | 32.92 k | $36.87 mm |
NTRS Northern Trust | 28.19 k | $31.58 mm |
Meeder Asset Management | 26.78 k | $29.99 mm |
Renaissance Technologies | 26.40 k | $30.00 k |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
15 Mar 24 | John D Grier | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 25,237 | 0.00 | 0 |
15 Mar 24 | Christopher M. Huffman | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 16,931 | 0.00 | 0 |
15 Mar 24 | Robert L Waldron | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 45,889 | 0.00 | 0 |
15 Mar 24 | Schulte David J | RSU Common Stock | Sale back to company | Dispose D | No | No | 0 | 78,866 | 0.00 | 0 |
14 Feb 24 | Schulte David J | Class B Common Stock Common Stock | Conversion | Dispose C | Yes | No | 0 | 204,162 | 0.00 | 0 |
14 Feb 24 | Schulte David J | Class B Common Stock Common Stock | Conversion | Dispose C | Yes | No | 0 | 161,114 | 0.00 | 0 |
12 Feb 24 | Schulte David J | Common Stock | Conversion | Acquire C | Yes | No | 0 | 138,830 | 0.00 | 483,355 |
12 Feb 24 | Schulte David J | Common Stock | Conversion | Acquire C | Yes | No | 0 | 109,558 | 0.00 | 381,437 |
15 Mar 23 | Christopher M. Huffman | Common Stock | Payment of exercise | Dispose F | No | No | 1.22 | 2,882 | 3.52 k | 5,582 |
15 Mar 23 | Christopher M. Huffman | Common Stock | Option exercise | Acquire M | No | No | 0 | 8,464 | 0.00 | 8,464 |