CorEnergy Infrastructure Trust (CORR) 10-Q 12 May 22 2022 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2022	May 05, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2022
Document Transition Report	false
Entity File Number	001-33292
Entity Registrant Name	CORENERGY INFRASTRUCTURE TRUST, INC.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	20-3431375
Entity Address, Address Line One	1100 Walnut, Ste. 3350
Entity Address, City or Town	Kansas City,
Entity Address, State or Province	MO
Entity Address, Postal Zip Code	64106
City Area Code	(816)
Local Phone Number	875-3705
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001347652
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common Stock, par value $0.001 per share
Entity Information [Line Items]
Title of 12(b) Security	Common Stock, par value $0.001 per share
Trading Symbol	CORR
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		14,960,628
7.375% Series A Cumulative Redeemable Preferred Stock
Entity Information [Line Items]
Title of 12(b) Security	7.375% Series A Cumulative Redeemable Preferred Stock
Trading Symbol	CORRPrA
Security Exchange Name	NYSE
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		683,761

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Assets
Property and equipment, net of accumulated depreciation of $40,964,057 and $37,022,035 (Crimson VIE: $336,342,641, and $338,452,392, respectively)	$ 438,593,056	$ 441,430,193
Leased property, net of accumulated depreciation of $268,522 and $258,207	1,257,505	1,267,821
Financing notes and related accrued interest receivable, net of reserve of $600,000 and $600,000	993,994	1,036,660
Cash and cash equivalents (Crimson VIE: $5,308,695 and $1,870,000, respectively)	13,286,081	12,496,478
Accounts and other receivables (Crimson VIE: $8,871,936 and $11,291,749, respectively)	12,954,640	15,367,389
Due from affiliated companies (Crimson VIE: $169,968 and $676,825, respectively)	169,968	676,825
Deferred costs, net of accumulated amortization of $440,986 and $345,775	701,361	796,572
Inventory (Crimson VIE: $3,829,532 and $3,839,865, respectively)	3,968,235	3,953,523
Prepaid expenses and other assets (Crimson VIE: $5,176,012 and $5,004,566, respectively)	7,795,241	9,075,043
Operating right-of-use assets (Crimson VIE: $5,357,343 and $5,647,631, respectively)	5,730,264	6,075,939
Deferred tax asset, net	134,072	206,285
Goodwill	16,210,020	16,210,020
Total Assets	501,794,437	508,592,748
Liabilities and Equity
Secured credit facilities, net of deferred financing costs of $1,122,820 and $1,275,244	96,877,181	99,724,756
Unsecured convertible senior notes, net of discount and debt issuance costs of $2,219,745 and $2,384,170	115,830,255	115,665,830
Accounts payable and other accrued liabilities (Crimson VIE: $9,730,215 and $9,743,904, respectively)	12,986,409	17,036,064
Income tax liability	141,226	0
Due to affiliated companies (Crimson VIE: $423,491 and $648,316, respectively)	423,491	648,316
Operating lease liability (Crimson VIE: $5,044,501 and $5,647,036, respectively)	5,388,922	6,046,657
Unearned revenue (Crimson VIE $205,790 and $199,405, respectively)	5,885,621	5,839,602
Total Liabilities	237,533,105	244,961,225
Commitments and Contingencies (Note 11)
Equity
Additional paid-in capital	335,376,932	338,302,735
Retained deficit	(324,853,173)	(327,157,636)
Total CorEnergy Equity	140,065,078	140,686,351
Non-controlling interest (Crimson)	124,196,254	122,945,172
Total Equity	264,261,332	263,631,523
Total Liabilities and Equity	501,794,437	508,592,748
Series A Cumulative Redeemable Preferred Stock
Equity
Series A Cumulative Redeemable Preferred Stock 7.375%, $129,525,675 and $129,525,675 liquidation preference ($2,500 per share, $0.001 par value), 10,000,000 authorized; 51,810 and 51,810 issued and outstanding at March 31, 2022 and December 31, 2021, respectively	129,525,675	129,525,675
Non-Convertible Common Stock
Equity
Common stock	14,960	14,893
Class B Common Stock
Equity
Common stock	$ 684	$ 684

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Accumulated depreciation, property and equipment	$ 40,964,057	$ 37,022,035
Property, plant, and equipment, after accumulated depreciation	438,593,056	441,430,193
Accumulated depreciation, leased property	268,522	258,207
Reserve for financing notes	600,000	600,000
Cash and cash equivalents	13,286,081	12,496,478
Accounts and other receivables	12,954,640	15,367,389
Due from affiliated companies	169,968	676,825
Accumulated amortization, deferred costs	440,986	345,775
Inventory	3,968,235	3,953,523
Prepaid expenses and other assets	7,795,241	9,075,043
Operating right-of-use assets	5,730,264	6,075,939
Debt issuance costs, net	1,122,820	1,275,244
Accounts payable and other accrued liabilities	12,986,409	17,036,064
Due to affiliated companies	423,491	648,316
Operating lease liabilities	5,388,922	6,046,657
Unearned revenue	$ 5,885,621	$ 5,839,602
Capital stock non-convertible, shares issued (in shares)	14,960,628
Capital stock non-convertible, shares outstanding (in shares)	14,960,628
Series A Cumulative Redeemable Preferred Stock
Preferred stock interest rate	7.375%	7.375%
Preferred stock, liquidation preference	$ 129,525,675	$ 129,525,675
Preferred stock, liquidation preference (in dollars per share)	$ 2,500	$ 2,500
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	51,810	51,810
Preferred stock, shares outstanding (in shares)	51,810	51,810
Non-Convertible Common Stock
Capital stock non-convertible, par value (in dollars per share)	$ 0.001	$ 0.001
Capital stock non-convertible, shares issued (in shares)	14,960,628	14,893,184
Capital stock non-convertible, shares outstanding (in shares)	14,960,628	14,893,184
Capital stock non-convertible, shares authorized (in shares)	100,000,000	100,000,000
Class B Common Stock
Capital stock non-convertible, par value (in dollars per share)	$ 0.001	$ 0.001
Capital stock non-convertible, shares issued (in shares)	683,761	683,761
Capital stock non-convertible, shares outstanding (in shares)	683,761	683,761
Capital stock non-convertible, shares authorized (in shares)	11,896,100	11,896,100
Convertible Debt
Unsecured convertible senior notes, unamortized discount and debt issuance costs	$ 2,219,745	$ 2,384,170
Property, Plant and Equipment, Other Types
Accumulated depreciation, property and equipment	40,964,057	37,022,035
Variable Interest Entity, Primary Beneficiary
Property, plant, and equipment, after accumulated depreciation	336,342,641	338,452,392
Cash and cash equivalents	5,308,695	1,870,000
Accounts and other receivables	8,871,936	11,291,749
Due from affiliated companies	169,968	676,825
Inventory	3,829,532	3,839,865
Prepaid expenses and other assets	5,176,012	5,004,566
Operating right-of-use assets	5,357,343	5,647,631
Accounts payable and other accrued liabilities	9,730,215	9,743,904
Due to affiliated companies	423,491	648,316
Operating lease liabilities	5,044,501	5,647,036
Unearned revenue	$ 205,790	$ 199,405

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenue
Lease	$ 34,225	$ 474,475
Total Revenue	32,872,351	23,040,498
Expenses
General and administrative	5,142,865	9,836,793
Depreciation, amortization and ARO accretion	3,976,667	2,898,330
Loss on impairment and disposal of leased property	0	5,811,779
Loss on termination of lease	0	165,644
Total Expenses	25,258,024	30,003,999
Operating Income (loss)	7,614,327	(6,963,501)
Other Income (expense)
Other income	120,542	63,526
Interest expense	(3,146,855)	(2,931,007)
Loss on extinguishment of debt	0	(861,814)
Total Other Expense	(3,026,313)	(3,729,295)
Income (Loss) before income taxes	4,588,014	(10,692,796)
Taxes
Current tax expense	151,044	27,867
Deferred tax expense (benefit)	72,213	(26,400)
Income tax expense, net	223,257	1,467
Net Income (loss)	4,364,757	(10,694,263)
Less: Net income attributable to non-controlling interest	2,060,294	1,605,308
Net income (loss) attributable to CorEnergy	2,304,463	(12,299,571)
Preferred stock dividends	2,388,130	2,309,672
Net loss attributable to Common Stockholders	$ (83,667)	$ (14,609,243)
Net Loss Per Common Share:
Basic (in dollars per share)	$ (0.01)	$ (1.07)
Diluted (in dollars per share)	$ (0.01)	$ (1.07)
Weighted Average Shares of Common Stock Outstanding:
Basic (in shares)	15,600,926	13,651,521
Diluted (in shares)	15,600,926	13,651,521
Dividends declared per share (in dollars per share)	$ 0.050	$ 0.050
Transportation and distribution
Revenue
Revenue from contracts with customers	$ 29,761,354	$ 21,295,139
Expenses
Cost of revenue	13,945,843	10,342,597
Pipeline loss allowance subsequent sales
Revenue
Revenue from contracts with customers	2,731,763	1,075,722
Expenses
Cost of revenue	2,192,649	948,856
Other
Revenue
Revenue from contracts with customers	$ 345,009	$ 195,162

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	Total	Class B Common Stock	Series A Cumulative Redeemable Preferred Stock	Common Stock	Common StockClass B Common Stock	Additional Paid-in Capital	Retained Deficit	Non-controlling Interest
Beginning balance at Dec. 31, 2020	$ 149,399,827		$ 125,270,350	$ 13,652		$ 339,742,380	$ (315,626,555)	$ 0
Beginning balance (in shares) at Dec. 31, 2020				13,651,521
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(10,694,263)						(12,299,571)	1,605,308
Series A preferred stock dividends	(2,309,672)					(2,309,672)
Common Stock dividends	(682,576)					(682,576)
Equity attributable to non-controlling interest (Note 3)	115,323,036							115,323,036
Ending balance (in shares) at Mar. 31, 2021				13,651,521
Ending balance at Mar. 31, 2021	251,036,352		125,270,350	$ 13,652		336,750,132	(327,926,126)	116,928,344
Beginning balance at Dec. 31, 2021	263,631,523		129,525,675	$ 14,893	$ 684	338,302,735	(327,157,636)	122,945,172
Beginning balance (in shares) at Dec. 31, 2021		683,761		14,893,184	683,761
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	4,364,757						2,304,463	2,060,294
Series A preferred stock dividends	(2,388,130)					(2,388,130)
Common Stock dividends	(744,659)					(744,659)
Reinvestment of dividends paid to common stockholders (in shares)				67,444
Reinvestment of dividends paid to common stockholders	207,053			$ 67		206,986
Crimson cash distribution on A-1 Units	$ (809,212)							(809,212)
Ending balance (in shares) at Mar. 31, 2022	14,960,628	683,761		14,960,628	683,761
Ending balance at Mar. 31, 2022	$ 264,261,332		$ 129,525,675	$ 14,960	$ 684	$ 335,376,932	$ (324,853,173)	$ 124,196,254

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Operating Activities
Net income (loss)	$ 4,364,757	$ (10,694,263)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred income tax, net	72,213	(26,400)
Depreciation, amortization and ARO accretion	4,388,927	3,267,034
Loss on impairment and disposal of leased property	0	5,811,779
Loss on termination of lease	0	165,644
Loss on extinguishment of debt	0	861,814
Changes in assets and liabilities:
Accounts and other receivables	2,412,748	(344,371)
Financing note accrued interest receivable	0	(6,714)
Inventory	(14,712)	(26,111)
Prepaid expenses and other assets	1,601,150	(70,539)
Due from affiliated companies, net	282,032	1,225,906
Management fee payable	0	(363,380)
Accounts payable and other accrued liabilities	(4,056,041)	(1,611,539)
Income tax liability	141,226	0
Operating lease liability	(657,735)	(523,652)
Unearned revenue	46,019	(146,369)
Net cash provided by (used in) operating activities	8,580,584	(2,481,161)
Investing Activities
Acquisition of Crimson Midstream Holdings, net of cash acquired	0	(68,094,324)
Purchases of property and equipment, net	(1,098,698)	(4,625,511)
Proceeds from sale of property and equipment	0	79,600
Proceeds from insurance recovery	0	60,153
Principal payment on financing note receivable	42,666	32,500
Net cash used in investing activities	(1,056,032)	(72,547,582)
Financing Activities
Debt financing costs	0	(2,735,922)
Dividends paid on Series A preferred stock	(2,388,130)	(2,309,672)
Dividends paid on Common Stock	(744,659)	(682,576)
Reinvestment of Dividends Paid to Common Stockholders	207,053	0
Distributions to non-controlling interest	(809,212)	0
Advances on revolving line of credit	2,000,000	3,000,000
Payments on revolving line of credit	(3,000,000)	(3,000,000)
Principal payments on Crimson secured credit facility	(2,000,000)	0
Net cash used in financing activities	(6,734,948)	(5,728,170)
Net change in Cash and Cash Equivalents	789,604	(80,756,913)
Cash and Cash Equivalents at beginning of period	12,496,478	99,596,907
Cash and Cash Equivalents at end of period	13,286,082	18,839,994
Supplemental Disclosure of Cash Flow Information
Interest paid	4,500,333	4,254,050
Income taxes paid (net of refunds)	(716)	5,026
Non-Cash Investing Activities
In-kind consideration for the Grand Isle Gathering System provided as partial consideration for the Crimson Midstream Holdings acquisition	0	48,873,169
Crimson Credit Facility assumed and refinanced in connection with the Crimson Midstream Holdings acquisition	0	105,000,000
Equity consideration attributable to non-controlling interest holder in connection with the Crimson Midstream Holdings acquisition	0	115,323,036
Purchases of property, plant and equipment in accounts payable and other accrued liabilities	1,178,271	868,190
Non-Cash Financing Activities
Change in accounts payable and accrued expenses related to debt financing costs	$ 0	$ (235,198)

INTRODUCTION AND BASIS OF PRESE

INTRODUCTION AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
INTRODUCTION AND BASIS OF PRESENTATION	INTRODUCTION AND BASIS OF PRESENTATION Introduction CorEnergy Infrastructure Trust, Inc. (referred to as "CorEnergy" or "the Company"), was organized as a Maryland corporation and commenced operations on December 8, 2005. The Company's common shares are listed on the New York Stock Exchange ("NYSE") under the symbol "CORR" and its depositary shares representing Series A Preferred Stock are listed on the NYSE under the symbol "CORR PrA". The Company owns and operates critical energy midstream infrastructure connecting the upstream and downstream sectors within the industry. The Company currently generates revenue from the transportation, via pipeline, of crude oil and natural gas for its customers in California and Missouri, respectively. The pipelines are located in areas where it would be difficult to replicate rights of way or transport crude oil or natural gas via non-pipeline alternatives resulting in the Company's assets providing utility-like criticality in the midstream supply chain for its customers. CorEnergy's Private Letter Rulings ("PLRs") enable the Company to invest in a broader set of revenue contracts within its REIT structure, including the opportunity to not only own but also operate infrastructure assets. CorEnergy has determined its investments in these energy infrastructure assets to be a single reportable business segment and reports them accordingly in its consolidated financial statements. Crimson Acquisition On February 4, 2021, the Company leveraged its PLRs and acquired a 49.50 percent voting interest in Crimson Midstream Holdings, LLC ("Crimson"), a California Public Utilities Commission ("CPUC") regulated crude oil pipeline owner and operator. The acquired assets include four critical infrastructure pipeline systems spanning approximately 2,000 miles (including approximately 1,100 active miles) across northern, central and southern California, connecting desirable native California crude production to in-state refineries producing state-mandated specialized fuel blends, among other products. This interest was acquired effective February 1, 2021 and is referred to throughout this Report as the "Crimson Transaction." Management Internalization On February 4, 2021, the Company entered into a Contribution Agreement with Richard C. Green, Rick Kreul, Rebecca M. Sandring, Sean DeGon, Jeff Teeven, Jeffrey E. Fulmer, David J. Schulte (as Trustee of the DJS Trust under Trust Agreement dated July 18, 2016), and Campbell Hamilton, Inc., which is an entity controlled by David J. Schulte (collectively, the "Contributors"), and Corridor InfraTrust Management, LLC ("Corridor" or the "Manager"), the Company's external manager, pursuant to which the Company agreed to acquire Corridor, its external manager. The required stockholder approval was received at the Company’s Annual Meeting on June 29, 2021, and the Internalization and all related transactions closed on July 6, 2021 for a total consideration of approximately $14.6 million in equity of the Company. Pursuant to the Contribution Agreement, the Company issued (i) 1,153,846 shares of Common Stock, (ii) 683,761 shares of Class B Common Stock, and (iii) 170,213 depositary shares representing our Series A Preferred Stock. Following the Internalization, our senior management team continues to oversee, manage and operate the Company, and the Company is no longer externally managed by our former Manager. As an internally managed company, the Company no longer pays the former Manager any fees or expense reimbursements arising from the Management Agreement but rather incurs the former Manager's direct employee compensation and office related expenses. The principal executive offices of our Company are located at 1100 Walnut, Suite 3350, Kansas City, Missouri 64106. Our telephone number is (816) 875-3705. Basis of Presentation and Consolidation T he accompanying consolidated financial statements include CorEnergy accounts and the accounts of its wholly-owned subsidiaries and variable interest entities ("VIEs") for which CorEnergy is the primary beneficiary. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") set forth in the Accounting Standards Codification ("ASC"), as published by the Financial Accounting Standards Board (" FASB"), and with the Securities and Exchange Commission (" SEC") instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the Company's financial position, results of operations, and cash flows for the periods presented. There were no adjustments that, in the opinion of management, were not of a normal and recurring nature. All intercompany transactions and balances have been eliminated in consolidation, and the Company's net earnings have been reduced by the portion of net earnings attributable to non-controlling interests, when applicable. Prior period amounts have been recast to conform with the current presentation. The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE's economic performance and (ii) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. In order to determine whether it owns a variable interest in a VIE, the Company performs a qualitative analysis of the entity's design, primary decision makers, key agreements governing the VIE, voting interests and significant activities impacting the VIE's economic performance. The Company continually monitors consolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change. As described above, the Company acquired a 49.50 percent voting interest in Crimson, which is a legal entity that meets the VIE criteria. As a result of its consolidation analysis more fully described in Note 16 ("Variable Interest Entity"), the Company determined it is the primary beneficiary of Crimson due to its related party relationship with Crimson's 50.50 percent voting interest holder. Therefore, beginning February 1, 2021, Crimson is consolidated in the Company's consolidated financial statements and the non-controlling interest is presented as a component of equity. Refer to Note 14 ("Stockholders' Equity") for further discussion of the non-controlling interest in Crimson. The consolidated financial statements also include the accounts of any limited partnerships where the Company represents the general partner and, based on all facts and circumstances, controls such limited partnerships, unless the limited partner has substantive participating rights or substantive kick-out rights. Refer to Note 16 ("Variable Interest Entity"), for further discussion of the Company's consolidated VIEs. Operating results for the three months ended March 31, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022 or any other interim or annual period. These consolidated financial statements and Management's Discussion and Analysis of the Financial Condition and Results of Operations should be read in conjunction with CorEnergy's Annual Report on Form 10-K, for the year ended December 31, 2021, filed with the SEC on March 14, 2022 (the "2021 CorEnergy 10-K").

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	3 Months Ended
	Mar. 31, 2022
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In June of 2016, the FASB issued ASU 2016-13 " Financial Instruments - Credit Losses " ("ASU 2016-13"), which introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. The new model, referred to as the current expected credit losses ("CECL model"), will apply to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November of 2019, the FASB issued ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) Effective Dates , which deferred the effective dates of these standards for certain entities. Based on the guidance for smaller reporting companies, the effective date of ASU 2016-13 is deferred for the Company until fiscal year 2023 with early adoption permitted, and the Company has elected to defer adoption of this standard. Although the Company has elected to defer adoption of ASU 2016-13, it will continue to evaluate the potential impact of the standard on its consolidated financial statements. As part of its ongoing assessment work, the Company has completed training on the CECL model and has begun developing policies, processes and internal controls. In March of 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)" ("ASU 2020-04"). In response to concerns about structural risks of interbank offered rates including the risk of cessation of the London Interbank Offered Rate (LIBOR), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable and less susceptible to manipulation. The provisions of ASU 2020-04 are elective and apply to all entities, subject to meeting certain criteria, that have debt or hedging contracts, among other contracts, that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04, among other things, provides optional expedients and exceptions for a limited period of time for applying U.S. GAAP to these contracts if certain criteria are met to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. The

ACQUISITIONS

ACQUISITIONS	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	ACQUISITIONS Crimson Midstream Holdings, LLC Effective February 1, 2021, the Company completed the acquisition of a 49.50 percent interest in Crimson (which includes a 49.50 percent voting interest and the right to 100.0 percent of the economic benefit of Crimson's business, after satisfying the distribution rights of the remaining equity holders) for total consideration with a fair value of $343.8 million after giving effect to the initial working capital adjustments and with the right to acquire the remaining 50.50 percent voting interest, subject to CPUC approval. After giving effect to the initial working capital adjustments, the consideration consisted of a combination of cash on hand of $74.6 million, commitments to issue new common and preferred equity valued at $115.3 million, contribution of the Grand Isle Gathering System ("GIGS") asset with a fair value of $48.9 million to the sellers and $105.0 million in new term loan and revolver borrowings, all as detailed further below. The consideration was subject to a final working capital adjustment. Crimson is a CPUC regulated crude oil pipeline owner and operator, and its assets include four critical infrastructure pipeline systems spanning approximately 2,000 miles (including 1,100 active miles) across northern, central and southern California, connecting California crude production to in-state refineries. To effect the Crimson Transaction, on February 4, 2021, the Company entered into and consummated a Membership Interest Purchase Agreement (the "MIPA") with CGI Crimson Holdings, L.L.C. ("Carlyle"), Crimson, and John D. Grier and certain affiliated trusts of Grier (the "Grier Members"). Pursuant to the terms of the MIPA, the Company acquired all of the Class C Units of Crimson owned by Carlyle, which represents 49.50 percent of all of the issued and outstanding membership interests of Crimson for approximately $66.0 million in cash (net of initial working capital adjustments) and the transfer to Carlyle of the Company's interest in GIGS (as further described in Note 5 ("Leased Properties And Leases")). Crimson Midstream Operating and Corridor MoGas also entered into a $105.0 million Amended and Restated Credit Agreement with Wells Fargo (as further described below and in Note 13 ("Debt")). Simultaneously, Crimson, the Company, and the Grier Members entered into the Third Amended and Restated Limited Liability Company Agreement ("Third LLC Agreement”) of Crimson. Pursuant to the terms of the Third LLC Agreement, the Grier Members' outstanding membership interests in Crimson were exchanged for 1,613,202 Class A-1 Units of Crimson, 2,436,000 Class A-2 Units of Crimson and 2,450,142 Class A-3 Units of Crimson, which, as described in Note 14 ("Stockholders' Equity"), may eventually be exchangeable for shares of the Company's common and preferred stock. The Company received 10,000 Class B-1 Units, which represent the Company's economic interest in Crimson. The Class A-1 Units issued were subject to a final working capital adjustment. Additionally, 495,000 Class C-1 Units (representing 49.50 percent of the voting interests under the Third LLC Agreement) were issued to the Company in exchange for the former Class C Units acquired from Carlyle and 505,000 Class C-1 Units (representing 50.50 percent of the voting interests under the Third LLC Agreement) were issued to the Grier Members, in exchange for the Class C Units held by the Grier Members prior to the Crimson Transaction. In June 2021, the final working capital adjustment was made for the Crimson Transaction which resulted in an increase in the assets acquired of $1,790,455. This resulted in an additional 37,043 Class A-1 Units being issued to the Grier Members for their 50.50 percent ownership interest and $907,728 of additional cash being paid for the 49.50 percent ownership interest CorEnergy purchased. The newly issued units resulted in an increase in the aggregate value of non-controlling interest of $882,726 and increased the Grier Members' total Class A-1 Units to 1,650,245. After the working capital adjustment and paid-in-kind dividends, the Grier Members' equity ownership interest is 50.62 percent as of March 31, 2022. The acquisition was treated as a business combination in accordance with ASC 805, Business Combinations , which requires allocation of the purchase price to the estimated fair values of assets and liabilities acquired in the transaction. The allocation of purchase price was based on management's judgment after evaluating several factors, including a valuation assessment. The following is a summary of the final allocation of the purchase price: Crimson Midstream Holdings, LLC Final as of Assets Acquired Cash and cash equivalents $ 6,554,921 Accounts and other receivables 11,394,441 Inventory 1,681,637 Prepaid expenses and other assets 6,144,932 Property and equipment (1) 333,715,139 Operating right-of-use asset 6,268,077 Total assets acquired: $ 365,759,147 Liabilities Assumed Accounts payable and other accrued liabilities (1) $ 13,540,164 Operating lease liability 6,268,077 Unearned revenue 315,000 Total liabilities assumed: $ 20,123,241 Fair Value of Net Assets Acquired: $ 345,635,906 Non-controlling interest at fair value (2)(3) $ 116,205,762 (1) Amounts recorded for property and equipment include land, buildings, lease assets, leasehold improvements, furniture, fixtures and equipment. During the three months ended June 30, 2021, the Company recorded a $1.8 million working capital adjustment primarily related to the valuation of land. During the three months ended December 31, 2021, the Company recorded measurement period adjustments relating to (i) rights of way and pipelines, which resulted in $734 thousand additional depreciation for the year ended December 31, 2021 and (ii) accrued office lease in the amount of $250 thousand, which is netted against the $1.8 million working capital adjustment. (2) Includes a non-controlling interest for Grier Members' equity consideration in the A-1, A-2 and A-3 Units (including the 37,043 newly issued A-1 Units) with a total fair value of $116.2 million. Refer to "Fair Value of Non-controlling Interest" below and Note 14 ("Stockholders' Equity") for further details. (3) In addition to the newly issued Class A-1 Units, CorEnergy also paid $907,728 in cash as a contribution to Crimson Midstream Holdings, LLC. Fair Value of Assets and Liabilities Acquired The fair value of property and equipment was determined from an external valuation performed by an unrelated third party specialist based on the cost methodology. The preliminary fair value measurement of tangible assets is based on significant inputs not observable in the market and thus represent Level 3 measurements within the fair value measurement hierarchy. The significant unobservable input used includes a discount rate based on an estimated weighted average cost of capital of a theoretical market participant. The Company utilized a weighted average discount rate of 14.0 percent when deriving the fair value of the property and equipment acquired. The weighted average discount rate reflects management's best estimate of inputs a market participant would utilize. In addition, the Company utilized revenue, cost and growth projections in its discounted cash flows to value the assets and liabilities acquired as well as relevant third-party valuation data for the pipeline right of ways. The carrying value of cash and cash equivalents, accounts and other receivables, prepaid expenses and other assets, and accounts payable and other accrued liabilities, approximate fair value due to their short term, highly liquid nature. Inventory was valued based on average crude oil inventory prices, less an applicable discount to sell, at the acquisition date. Fair Value of Non-controlling Interest The fair value of the non-controlling interest for each of the A-1, A-2 and A-3 Units was determined from an external valuation performed by an unrelated third party specialist. As described in Note 14 ("Stockholders' Equity"), the A-1, A-2 and A-3 Units have the right to receive any distributions that the Company's Board of Directors determines would be payable as if they held (initially) the shares of Series C Preferred Stock, Series B Preferred Stock and Class B Common Stock, respectively, with all distributions on Class A-1 Units becoming tied to the Company's Series A Preferred Stock as of June 30, 2021 and distributions on the Class A-2 Units becoming tied to the Class B Common Stock as of July 7, 2021, as further described in Note 14 ("Stockholders' Equity"). To determine the fair value of the units on February 1, 2021, the third-party valuation specialists developed a Monte Carlo model to simulate a distribution of future prices underlying the CorEnergy securities associated with the A-1, A-2 and A-3 Units. The fair value measurement is based on observable inputs related to the Company's Common Stock and Series A Preferred Stock, including stock price, historical volatility and dividend yield. The fair value measurement is also based on significant inputs not observable in the market and thus represent Level 3 measurements. The significant unobservable inputs include a discount rate of 11.88 percent for the A-1 Units and 11.75 percent for the A-3 Units. The valuation for the A-2 Units assumed stockholder approval would be received to exchange the A-2 Units to Class B Common Stock instead of Series B Preferred Stock. Therefore, the valuation mirrors the assumptions utilized for the A-3 Units. During the three months ended March 31, 2021, the Company incurred transaction costs and financing costs at closing of approximately $2.0 million and $2.8 million, respectively. The Company also incurred due diligence costs and other financing costs of $783 thousand and $235 thousand, respectively, for the three months ended March 31, 2021. Transaction and due diligence costs are recorded in general and administrative expenses in the Consolidated Statements of Operation. Financing costs were capitalized as deferred debt issuance costs in the Consolidated Balance Sheet. Pro Forma Results of Operations (Unaudited) The following selected comparative unaudited pro forma revenue information for the three months ended March 31, 2021 assumes that the Crimson acquisition occurred at the beginning of 2021, and reflects the full results for the period presented. The pro forma results have been prepared for comparative purposes only and do not purport to indicate the results of operations which would actually have occurred had the combination been in effect on the dates indicated, or which may occur in the future. These amounts have been calculated after applying the Company's accounting policies. The Company has excluded pro forma information related to net earnings (loss) as it is impracticable to provide the information as Crimson was part of a larger entity that was separated via a common control transfer at the closing of the Crimson Transaction. As a result, quarterly financial information has not been carved-out for the Crimson entities acquired in prior quarterly periods. Pro Forma March 31, 2021 Revenues $ 31,828,521 Corridor InfraTrust Management, LLC On July 6, 2021, the Company consummated the internalization of the Company’s management company (the “Internalization”) pursuant to the previously announced Contribution Agreement, dated as of February 4, 2021 (the Contribution Agreement”), by and among the Company and the Contributors. Pursuant to the Contribution Agreement and following approval by the Company’s stockholders, the Company, acquired Corridor, which owns the assets previously used by Corridor in its performance of the management functions previously provided to the Company. Upon closing of the Internalization, the Company became an internally managed real estate investment trust. As an internally managed company, the Company no longer pays the former Manager any fees or expense reimbursements arising from the Management Agreement but rather incurs the former Manager's direct employee compensation and office related expenses. The Internalization was consummated for a purchase price of approximately $14.6 million, payable in equity. Pursuant to the Contribution Agreement, the Company issued to the Contributors, based on each Contributor's percentage ownership in Corridor, an aggregate of: (i) 1,153,846 shares of Common Stock, (ii) 683,761 shares of Class B Common Stock, and (iii) 170,213 depositary shares of Series A Preferred Stock (collectively with the Common Stock and Class B Common Stock, the "REIT Stock"). At closing, the Management Agreement and Administrative Agreement were both effectively terminated. The acquisition is being treated as a business combination in accordance with ASC 805, Business Combinations , which requires allocation of the purchase price to the estimated fair values of assets and liabilities acquired in the transaction. The allocation of purchase price is based on management's judgment after evaluating several factors, including a valuation assessment. The following is a summary of the final allocation of the purchase price: Corridor InfraTrust Management, LLC Final as of Assets Acquired Cash and cash equivalents $ 952,487 Accounts and other receivables 344,633 Prepaid expenses and other assets 14,184 Property and equipment 87,101 Operating right-of-use asset 453,396 Goodwill 14,491,152 Total assets acquired: $ 16,342,953 Liabilities Assumed Accounts payable and other accrued liabilities $ 1,259,402 Operating lease liability 453,396 Total liabilities assumed: $ 1,712,798 Fair Value of Net Assets Acquired: $ 14,630,155

TRANSPORTATION AND DISTRIBUTION

TRANSPORTATION AND DISTRIBUTION REVENUE	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
TRANSPORTATION AND DISTRIBUTION REVENUE	TRANSPORTATION AND DISTRIBUTION REVENUE The Company's contracts related to transportation and distribution revenue are primarily comprised of a mix of crude oil, natural gas supply and natural gas transportation and distribution performance obligations, as well as limited performance obligations related to system maintenance and improvement. Crude Oil and Natural Gas Transportation and Distribution Under the Company's (i) crude oil and natural gas transportation, (ii) natural gas supply and (iii) natural gas distribution performance obligations, the customer simultaneously receives and consumes the benefit of the services as the commodity is delivered. Therefore, the transaction price is allocated proportionally over the series of identical performance obligations with each contract, and the Company satisfies performance obligations over time as midstream transportation and distribution services are performed. The transaction price is calculated based on (i) index price, plus a contractual markup in the case of natural gas supply agreements (considered variable due to fluctuations in the index), (ii) CPUC and FERC regulated rates or negotiated rates in the case of transportation agreements and (iii) contracted amounts (with annual CPI escalators) in the case of the Company's distribution agreement. The Company's crude oil transportation revenue also includes amounts earned for pipeline loss allowance ("PLA"). PLA revenue, recorded within transportation revenue, represents the estimated realizable value of the earned loss allowance volumes received by the Company as applicable under the tariff or contract. As is common in the pipeline transportation industry, as crude oil is transported, the Company earns a small percentage of the crude oil volume transported to offset any measurement uncertainty or actual volumes lost in transit. The Company will settle the PLA with its shippers either in-kind or in cash. PLA received by the Company typically exceeds actual pipeline losses in transit and typically results in a benefit to the Company. For PLA volumes received in-kind, the Company records these in inventory. When PLA is paid in-kind, the barrels are valued at current market price less standard deductions, recorded as inventory and recognized as non-cash consideration revenue, concurrent with related transportation services. PLA paid in cash is treated in the same way as in-kind, but no inventory is created. In accordance with ASC 606, when control of the PLA volumes have been transferred to the purchaser, the Company records this non-cash consideration as revenue at the contractual sales price within PLA revenue and PLA cost of revenues. Based on the nature of the agreements, revenue for all but one of the Company's natural gas supply, transportation and distribution performance obligations is recognized on a right to invoice basis as the performance obligations are met, which represents what the Company expects to receive in consideration and is representative of value delivered to the customer. System Maintenance & Improvement System maintenance and improvement contracts are specific and tailored to the customer's needs, have no alternative use and have an enforceable right to payment as the services are provided. Revenue is recognized on an input method, based on the actual cost of service as a measure of the performance obligation satisfaction. Differences between amounts invoiced and revenue recognized under the input method are reflected as an asset or liability on the Consolidated Balance Sheets. The costs of system improvement projects are recognized as a financing arrangement in accordance with guidance in the lease standard while the margin is recognized in accordance with the revenue standard as discussed above. The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of March 31, 2022: Contract Liability (1) March 31, 2022 December 31, 2021 Beginning Balance January 1 $ 5,339,364 $ 6,104,979 Unrecognized Performance Obligations 205,790 199,405 Recognized Performance Obligations (169,524) (965,020) Ending Balance $ 5,375,630 $ 5,339,364 (1) The contract liability balance is included in unearned revenue in the Consolidated Balance Sheets. The Company's contract asset balance was $40 thousand and $40 thousand as of March 31, 2022 and December 31, 2021, respectively. The Company also recognized deferred contract costs related to incremental costs to obtain a transportation performance obligation contract, which are amortized on a straight-line basis over the remaining term of the contract. As of March 31, 2022, the remaining unamortized deferred contract costs balance was approximately $829 thousand. The contract asset and deferred contract costs balances are included in prepaid expenses and other assets in the Consolidated Balance Sheets. The following is a breakout of the Company's transportation and distribution revenue for the three months ended March 31, 2022 and 2021: For the Three Months Ended March 31, 2022 March 31, 2021 Crude oil transportation revenue $ 24,129,364 81.1 % $ 15,604,226 73.3 % Natural gas transportation revenue 4,061,276 13.6 % 3,806,223 17.9 % Natural gas distribution revenue 1,197,904 4.0 % 1,198,813 5.6 % Other 372,810 1.3 % 685,877 3.2 %

LEASED PROPERTIES AND LEASES

LEASED PROPERTIES AND LEASES	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
LEASED PROPERTIES AND LEASES	LEASED PROPERTIES AND LEASES LESSOR - LEASED PROPERTIES Prior to 2021, the Company primarily acquired midstream and downstream assets in the U.S. energy sector such as pipelines, storage terminals, and gas and electric distribution systems and, historically, leased many of these assets to operators under triple-net leases. The Company divested all of its leased assets including GIGS on February 4, 2021 as described further below. Sale and Impairment of the Grand Isle Gathering System As discussed in Note 3 ("Acquisitions"), on February 4, 2021, the Company contributed the GIGS asset as partial consideration for the acquisition of its interest in Crimson resulting in its disposal, along with the asset retirement obligation (collectively, the "GIGS Disposal Group"), which was assumed by the sellers. Upon meeting the held for sale criteria in mid-January 2021, the Company ceased recording depreciation on the GIGS asset. The GIGS asset had a carrying value of $63.5 million and the asset retirement obligation had a carrying value of $8.8 million, or a net carrying value of $54.7 million for the GIGS Disposal Group. The GIGS asset had a fair value of approximately $48.9 million at the time of disposal, which was determined by a discounted cash flow model and utilized the forecast of a market participant and their expected operation of the asset. The fair value measurement is also based on significant inputs not observable in the market and thus represent Level 3 measurements. The significant unobservable inputs include a discount rate of 11.75 percent. The contribution of the GIGS Disposal Group resulted in a loss on impairment and disposal of leased property of $5.8 million in the Consolidated Statements of Operations in the three months ended March 31, 2021. Termination of the Grand Isle Lease Agreement In connection with the GIGS disposition, the Company and Grand Isle Corridor entered into a Settlement and Mutual Release Agreement (the "Settlement Agreement") with the EGC Tenant, EGC, and CEXXI, LLC (the "EXXI Entities") related to the previously reported litigation between them and terminated the Grand Isle Lease Agreement. The termination of the Grand Isle Lease Agreement resulted in the write-off of deferred lease costs of $166 thousand, which is recorded as a loss on termination of lease in the Consolidated Statements of Operations for the three months ended March 31, 2021. LESSEE - LEASED PROPERTIES The Company and its subsidiaries currently lease land, corporate office space and single-use office space. During 2021, the Company acquired additional right-of-use assets and operating lease liabilities with the Crimson Transaction and with the Internalization. Additionally, the Company signed a new lease for the Denver corporate office. The Company's leases are classified as operating leases and presented as operating right-of-use asset and operating lease liability on the Consolidated Balance Sheet. The Company recognizes lease expense in the Consolidated Statements of Operations on a straight-line basis over the remaining lease term. The Company noted the following information regarding its operating leases for the three months ended March 31, 2022 and 2021: For the Three Months Ended March 31, 2022 March 31, 2021 Lease cost: Operating lease cost $ 446,601 $ 241,182 Short term lease cost — 102,014 Total Lease Cost $ 446,601 $ 343,196 Other Information: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 758,849 $ 586,481 Variable lease costs were immaterial for the three months ended March 31, 2022 and 2021. The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee: March 31, 2022 December 31, 2021 Weighted-average remaining lease term - operating leases (in years) 9.9 10.0 Weighted-average discount rate - operating leases 7.10 % 7.04 %
LEASED PROPERTIES AND LEASES	LEASED PROPERTIES AND LEASES LESSOR - LEASED PROPERTIES Prior to 2021, the Company primarily acquired midstream and downstream assets in the U.S. energy sector such as pipelines, storage terminals, and gas and electric distribution systems and, historically, leased many of these assets to operators under triple-net leases. The Company divested all of its leased assets including GIGS on February 4, 2021 as described further below. Sale and Impairment of the Grand Isle Gathering System As discussed in Note 3 ("Acquisitions"), on February 4, 2021, the Company contributed the GIGS asset as partial consideration for the acquisition of its interest in Crimson resulting in its disposal, along with the asset retirement obligation (collectively, the "GIGS Disposal Group"), which was assumed by the sellers. Upon meeting the held for sale criteria in mid-January 2021, the Company ceased recording depreciation on the GIGS asset. The GIGS asset had a carrying value of $63.5 million and the asset retirement obligation had a carrying value of $8.8 million, or a net carrying value of $54.7 million for the GIGS Disposal Group. The GIGS asset had a fair value of approximately $48.9 million at the time of disposal, which was determined by a discounted cash flow model and utilized the forecast of a market participant and their expected operation of the asset. The fair value measurement is also based on significant inputs not observable in the market and thus represent Level 3 measurements. The significant unobservable inputs include a discount rate of 11.75 percent. The contribution of the GIGS Disposal Group resulted in a loss on impairment and disposal of leased property of $5.8 million in the Consolidated Statements of Operations in the three months ended March 31, 2021. Termination of the Grand Isle Lease Agreement In connection with the GIGS disposition, the Company and Grand Isle Corridor entered into a Settlement and Mutual Release Agreement (the "Settlement Agreement") with the EGC Tenant, EGC, and CEXXI, LLC (the "EXXI Entities") related to the previously reported litigation between them and terminated the Grand Isle Lease Agreement. The termination of the Grand Isle Lease Agreement resulted in the write-off of deferred lease costs of $166 thousand, which is recorded as a loss on termination of lease in the Consolidated Statements of Operations for the three months ended March 31, 2021. LESSEE - LEASED PROPERTIES The Company and its subsidiaries currently lease land, corporate office space and single-use office space. During 2021, the Company acquired additional right-of-use assets and operating lease liabilities with the Crimson Transaction and with the Internalization. Additionally, the Company signed a new lease for the Denver corporate office. The Company's leases are classified as operating leases and presented as operating right-of-use asset and operating lease liability on the Consolidated Balance Sheet. The Company recognizes lease expense in the Consolidated Statements of Operations on a straight-line basis over the remaining lease term. The Company noted the following information regarding its operating leases for the three months ended March 31, 2022 and 2021: For the Three Months Ended March 31, 2022 March 31, 2021 Lease cost: Operating lease cost $ 446,601 $ 241,182 Short term lease cost — 102,014 Total Lease Cost $ 446,601 $ 343,196 Other Information: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 758,849 $ 586,481 Variable lease costs were immaterial for the three months ended March 31, 2022 and 2021. The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee: March 31, 2022 December 31, 2021 Weighted-average remaining lease term - operating leases (in years) 9.9 10.0 Weighted-average discount rate - operating leases 7.10 % 7.04 %

FINANCING NOTES RECEIVABLE

FINANCING NOTES RECEIVABLE	3 Months Ended
	Mar. 31, 2022
Receivables [Abstract]
FINANCING NOTES RECEIVABLE	FINANCING NOTES RECEIVABLE Financing notes receivable are presented at face value plus accrued interest receivable and deferred loan origination costs, and net of related direct loan origination income. Each quarter the Company reviews its financing notes receivable to determine if the balances are realizable based on factors affecting the collectability of those balances. Factors may include credit quality, timeliness of required periodic payments, past due status, and management discussions with obligors. The Company evaluates the collectability of both interest and principal of each of its loans to determine if an allowance is needed. An allowance will be recorded when, based on current information and events, the Company determines it is probable that it will be unable to collect all amounts due according to the existing contractual terms. Four Wood Financing Note Receivable On August 10, 2021, the terms of the Compass REIT Loan were amended (i) to extend the maturity date from November 30, 2024 to July 31, 2026 and (ii) to reduce payments to $24 thousand per month through the maturity date beginning as of August 31, 2021. Additionally, the amended Compass REIT Loan will continue to accrue interest at an annual rate of 12.0 percent. As of March 31, 2022 and December 31, 2021, the Compass REIT Loan was valued at $1.0 million, and $1.0 million, respectively. On May 22, 2020, the terms of the Compass REIT Loan were amended (i) to extend the maturity date from June 30, 2021 to November 30, 2024 and (ii) to reduce payments to interest only through December 31, 2020. Additionally, the amended Compass REIT Loan will continue to accrue interest at an annual rate of 8.5 percent through May 31, 2021. Subsequent to May 31, 2021 interest will accrue at an annual rate of 12.0 percent. Monthly principal payments of approximately $11 thousand resumed on January 1, 2021 and will increase annually beginning on June 30, 2021 through the maturity date.

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES Deferred income taxes reflect the net tax effect of temporary differences between the carrying amount of assets and liabilities for financial reporting and tax purposes. Components of the Company's deferred tax assets and liabilities as of March 31, 2022 and December 31, 2021, are as follows: Deferred Tax Assets and Liabilities March 31, 2022 December 31, 2021 Deferred Tax Assets: Deferred contract revenue $ 1,298,150 $ 1,333,510 Net operating loss carryforwards 6,853,050 6,929,821 Capital loss carryforward 92,418 92,418 Other 367 366 Sub-total $ 8,243,985 $ 8,356,115 Valuation allowance (3,690,371) (3,891,342) Sub-total $ 4,553,614 $ 4,464,773 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ (4,344,242) $ (4,187,621) Other (75,300) (70,867) Sub-total $ (4,419,542) $ (4,258,488) Total net deferred tax asset $ 134,072 $ 206,285 As of March 31, 2022, the total deferred tax assets and liabilities presented above relate to the Company's taxable REIT subsidiaries ("TRSs"). The Company recognizes the tax benefits of uncertain tax positions only when the position is "more likely than not" to be sustained upon examination by the tax authorities based on the technical merits of the tax position. The Company's policy is to record interest and penalties on uncertain tax positions as part of tax expense. As of March 31, 2022, the Company had no uncertain tax positions. Tax years beginning with the year ended December 31, 2018 remain open to examination by federal and state tax authorities. As of March 31, 2022 and December 31, 2021, the TRSs had cumulative net operating loss carryforwards ("NOL") of $28.5 million and $28.7 million, respectively. As of March 31, 2022 and December 31, 2021, net operating losses of $25.4 million and $25.5 million, respectively, that were generated during the years ended December 31, 2021, 2020, 2019, and 2018 may be carried forward indefinitely, subject to limitation. Net operating losses generated for years prior to December 31, 2018 may be carried forward for 20 years. Management assessed the available evidence and determined that it is more likely than not that the capital loss carryforward will not be utilized prior to expiration. Due to the uncertainty of realizing this deferred tax asset, a valuation allowance for Corridor Private of $92 thousand was recorded equal to the amount of the tax benefit of this carryforward at both March 31, 2022 and December 31, 2021, respectively and $3.6 million and $3.8 million valuation allowance for Corridor MoGas at March 31, 2022 and December 31, 2021, respectively. In the future, if the Company concludes, based on existence of sufficient evidence, that it should realize more or less of its deferred tax assets, the valuation allowance will be adjusted accordingly in the period such conclusion is made. The Company provides for income taxes during interim periods based on the estimated effective tax rate for the year and any discrete adjustments. The effective tax rate is subject to change in the future due to various factors such as the operating performance of the taxable REIT subsidiaries, tax law changes, and future business acquisitions or divestitures. The taxable subsidiaries’ effective tax rates were 13.6 percent and 65.3 percent for the three months ended March 31, 2022 and 2021, respectively. The components of income tax expense (benefit) include the following for the periods presented: Components of Income Tax Expense (Benefit) For the Three Months Ended March 31, 2022 March 31, 2021 Current tax expense Federal $ 105,568 $ 22,740 State (net of federal tax expense (benefit)) 45,476 5,127 Total current tax expense $ 151,044 $ 27,867 Deferred tax expense (benefit) Federal $ 59,424 $ (22,083) State (net of federal tax expense (benefit)) 12,789 (4,317) Total deferred tax expense (benefit) $ 72,213 $ (26,400) Total income tax expense, net $ 223,257 $ 1,467

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment consist of the following: Property and Equipment March 31, 2022 December 31, 2021 Land $ 24,989,784 $ 24,989,784 Crude oil pipelines 181,323,768 180,663,147 Natural gas pipeline 104,847,405 104,847,405 Right-of-way agreements 85,456,374 85,451,574 Pipeline related facilities 41,249,404 39,995,865 Tanks 30,715,515 30,679,194 Vehicles, trailers and other equipment 1,959,534 1,840,609 Office equipment and computers 1,433,089 1,403,090 Construction work in progress $ 7,582,240 $ 8,581,560 Gross property and equipment $ 479,557,113 $ 478,452,228 Less: accumulated depreciation (40,964,057) (37,022,035) Net property and equipment $ 438,593,056 $ 441,430,193

MANAGEMENT AGREEMENT

MANAGEMENT AGREEMENT	3 Months Ended
	Mar. 31, 2022
Agreements [Abstract]
MANAGEMENT AGREEMENT	MANAGEMENT AGREEMENT On June 29, 2021, the CorEnergy common stockholders approved the internalization of the manager, Corridor InfraTrust Management, LLC. The Internalization transaction was completed on July 6, 2021. Pursuant to the Contribution Agreement, the Company issued to the Contributors, based on each Contributor's percentage ownership in Corridor, an aggregate of: (i) 1,153,846 shares of Common Stock, (ii) 683,761 shares of the newly created Class B Common Stock, and (iii) 170,213 depositary shares of the Company’s 7.375% Series A Cumulative Redeemable Preferred Stock (collectively, the "Internalization Consideration"). As a result of the Internalization transaction, the Company now (i) owns all material assets of Corridor used in the conduct of the business, and (ii) is managed by officers and employees who previously worked for Corridor, and have become employees of the Company. Both the Management Agreement and the Administrative Agreement are no longer in effect upon the closing of the Internalization Transaction. Additional information on the Internalization Transaction can be found on our Current Report in Form 8-K filed with the SEC on July 12, 2021. Contemporaneously with the execution of the Contribution Agreement, the Company and Corridor entered into the First Amendment (the "First Amendment") to the Management Agreement dated as of May 8, 2015 (as amended, the "Management Agreement") that had the effect, beginning February 1, 2021, of (i) eliminating the management fee, (ii) providing a one-time, $1.0 million advance to Corridor to fund bonus payments to its employees in connection with the Internalization and (iii) providing payments to Corridor for actual employee compensation and office related expenses. Further, the First Amendment provided that, beginning April 1, 2021, the Company paid Corridor additional cash fees equivalent to the aggregate amount of all distributions that would accrue, if declared, on and after such date with respect to the securities to be issued as the Internalization Consideration pursuant to the Contribution Agreement (an amount, assuming payment on a cash basis equal to approximately $172 thousand per quarter). This agreement was in effect until the closing of the Internalization on July 6, 2021. Fees incurred under the Management Agreement for the three months ended March 31, 2021 were $1.9 million, and consisted of (i) $321 thousand for January 2021 management fees, (ii) $1.0 million related to a transaction bonus outlined in the Contribution Agreement, and (iii) $608 thousand for reimbursement of Corridor employee compensation and office related expenses under the First Amendment. The Company also reimbursed Corridor for approximately $50 thousand in legal fees incurred in connection with the Internalization and paid investment advisors $1.9 million in connection with the execution of the Contribution Agreement. Fees incurred under the Management Agreement are reported in the general and administrative line item on the Consolidated Statements of Operations. Prior to the closing of the Internalization, the Company paid its administrator, Corridor, pursuant to an Administrative Agreement. Fees incurred under the Administrative Agreement for the three months ended March 31, 2021 were $13 thousand. Fees incurred under the Administrative Agreement are reported in the general and administrative line item on the Consolidated Statements of Operations.

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Goodwill represents the excess of the purchase price over the fair value of net identifiable assets on acquisition of a business. The carrying value of goodwill, which is not amortized, is assessed for impairment annually, or more frequently if events or changes in circumstances arise that suggest the carrying value of goodwill may be impaired. The Company performs its annual impairment test of the carrying value of goodwill on December 31 of each year. The Company's most recent annual assessment of the goodwill balance was performed on December 31, 2021, using the step 0 qualitative goodwill impairment assessment. The Company's assessment of goodwill did not result in an impairment charge. The Company did not identify an indication of goodwill impairment as of March 31, 2022. Goodwill was as follows: March 31, 2022 December 31, 2021 Goodwill $ 16,210,020 $ 16,210,020

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Crimson Legal Proceedings On October 30, 2014, the owner of a property on which Crimson built a valve access vault filed an action against Crimson, claiming that Crimson's pre-existing pipeline easement did not authorize the construction of the vault. Crimson responded by filing a condemnation action on October 26, 2015 to acquire new easements for the vault and related pipeline, and the cases were consolidated into one action, Crimson California Pipeline L.P. v. Noarus Properties, Inc.; and Does 1 through 99, Case No. BC598951, in the Los Angeles Superior Court-Central District. The property owner has claimed damages/compensation in the approximate amount of $11.7 million. The judge currently presiding over this case has rescheduled a jury trial for fall of 2022 to determine the amount of damages, pending the determination of procedural issues in the case on which the judge has requested further briefing. Crimson is vigorously defending itself against the claims asserted by the property owner in this matter and, while the outcome cannot be predicted, management believes the ultimate resolution of this matter will not have a material adverse impact on the Company’s results of operations, financial position or cash flows. As a transporter of crude oil, Crimson is subject to various environmental regulations that could subject the Company to future monetary obligations. Crimson has received notices of violations and potential fines under various federal, state and local provisions relating to the discharge of materials into the environment or protection of the environment. Management believes that even if any one or more of these environmental proceedings were decided against Crimson, it would not be material to the Company's financial position, results of operations or cash flows, and the Company maintains insurance coverage for environmental liabilities in amounts that management believes to be appropriate and customary for the Company's business. The Company also is subject to various other claims and legal proceedings covering a wide range of matters that arose in the ordinary course of business. In the opinion of management, all such matters are adequately covered by insurance or by established reserves, and, if not so covered, are without merit or are of such kind, or involve such amounts, as would not have a material adverse effect on the financial position, results of operations or cash flows of the Company. California Bonds Indemnification The Company maintains certain agreements for indemnity and surety bonds with various California regulatory bodies. The total annual premium paid for the bonds currently outstanding is approximately $115 thousand, recorded in General and administrative expense.

FAIR VALUE

FAIR VALUE	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
FAIR VALUE	FAIR VALUE The following section describes the valuation methodologies used by the Company for estimating fair value for financial instruments not recorded at fair value, but fair value is included for disclosure purposes only, as required under disclosure guidance related to the fair value of financial instruments. Cash and Cash Equivalents — The carrying value of cash, amounts due from banks, federal funds sold and securities purchased under resale agreements approximates fair value. Financing Notes Receivable — The financing notes receivable are valued on a non-recurring basis. The financing notes receivable are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Financing notes with carrying values that are not expected to be recovered through future cash flows are written-down to their estimated net realizable value. Estimates of realizable value are determined based on unobservable inputs, including estimates of future cash flow generation and value of collateral underlying the notes. Inventory - Inventory primarily consists of crude oil earned as in-kind PLA payments and is valued using an average costing method at the lower of cost and net realizable value. Secured Credit Facilities — The fair value of the Company's long-term variable-rate and fixed-rate debt under its secured credit facilities approximates carrying value. Unsecured Convertible Senior Notes — The fair value of the unsecured convertible senior notes is estimated using quoted market prices from either active (Level 1) or generally active (Level 2) markets. Carrying and Fair Value Amounts Level within fair value hierarchy March 31, 2022 December 31, 2021 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value Financial Assets: Cash and cash equivalents Level 1 $ 13,286,081 $ 13,286,081 $ 12,496,478 $ 12,496,478 Financing notes receivable (Note 6) Level 3 993,994 993,994 1,036,660 1,036,660 Inventory Level 1 3,968,235 3,968,235 3,953,523 3,953,523 Financial Liabilities: Crimson secured credit facility - Term Loan Level 2 $ 70,877,181 $ 70,877,181 $ 72,724,757 $ 72,724,757 Crimson secured credit facility - Revolver (2) Level 2 25,354,020 25,354,020 26,266,330 26,266,330 5.875% Unsecured Convertible Senior Notes Level 2 115,830,255 103,532,211 115,665,830 111,144,075 (1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs. (2) The carrying value of the Crimson Revolver is presented net of unamortized debt issuance costs classified as an asset in deferred costs.

DEBT

DEBT	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
DEBT	DEBT The following is a summary of the Company's debt facilities and balances as of March 31, 2022 and December 31, 2021: Total Commitment Quarterly Principal Payments March 31, 2022 December 31, 2021 Maturity Amount Outstanding Interest Amount Outstanding Interest Crimson Secured Credit Facility: Crimson Revolver $ 50,000,000 $ — 2/4/2024 $ 26,000,000 4.22 % $ 27,000,000 4.11 % Crimson Term Loan 80,000,000 2,000,000 2/4/2024 72,000,000 4.21 % 74,000,000 4.10 % Crimson Uncommitted Incremental Credit Facility 25,000,000 — 2/4/2024 — — % — — % 5.875% Unsecured Convertible Senior Notes 120,000,000 — 8/15/2025 118,050,000 5.875 % 118,050,000 5.875 % Total Debt $ 216,050,000 $ 219,050,000 Less: Unamortized deferred financing costs on 5.875% Convertible Senior Notes $ 281,041 $ 301,859 Unamortized discount on 5.875% Convertible Senior Notes 1,938,704 2,082,311 Unamortized deferred financing costs on Crimson Secured Credit Facility (1) 1,122,819 1,275,244 Total Debt, net of deferred financing costs $ 212,707,436 $ 215,390,586 Debt due within one year $ 8,000,000 $ 8,000,000 (1) Unamortized deferred financing costs related to the Company's revolving credit facilities are included in Deferred Costs in the Assets section of the Consolidated Balance Sheets. Refer to the "Deferred Financing Costs" paragraph below. Crimson Credit Facility On February 4, 2021, in connection with the Crimson Transaction, Crimson Midstream Operating and Corridor MoGas, (collectively, the "Borrowers"), together with Crimson, MoGas Debt Holdco LLC, MoGas, CorEnergy Pipeline Company, LLC, United Property Systems, Crimson Pipeline, LLC and Cardinal Pipeline, L.P. (collectively, the "Guarantors") entered into the Crimson Credit Facility with the lenders from time to time party thereto and Wells Fargo Bank, as administrative agent for other participating lenders. The Crimson Credit Facility provides borrowing capacity of up to $155.0 million, consisting of: a $50.0 million revolving credit facility ("Crimson Revolver"), an $80.0 million term loan ("Crimson Term Loan") and an uncommitted incremental credit facility of $25.0 million. Upon closing of the Crimson Transaction described in Note 3 ("Acquisitions"), the Borrowers drew the $80.0 million Crimson Term Loan and $25.0 million on the Crimson Revolver. Subsequent to the initial closing, on March 25, 2021, Crimson contributed all of its equity interests in Crimson Midstream Services, LLC and Crimson Midstream I Corporation to Crimson Midstream Operating, and, effective as of May 4, 2021, such subsidiaries have become additional Guarantors pursuant to the Amended and Restated Guaranty Agreement and parties to the Amended and Restated Security Agreement and (in the case of Crimson Midstream I Corporation) the Amended and Restated Pledge Agreement. The loans under the Crimson Credit Facility mature on February 4, 2024. The Crimson Term Loan requires quarterly payments of $2.0 million in arrears on the last business day of March, June, September and December, commencing on June 30, 2021. Subject to certain conditions, all loans made under the Crimson Credit Facility shall, at the option of the Borrowers, bear interest at either (a) LIBOR plus a spread of 325 to 450 basis points, or (b) a rate equal to the highest of (i) the prime rate established by the Administrative Agent, (ii) the federal funds rate plus 0.5%, or (iii) the one-month LIBOR rate plus 1.0%, plus a spread of 225 to 350 basis points. The applicable spread for each interest rate is based on the Total Leverage Ratio (as defined in the Crimson Credit Facility); however, the initial interest rate is set at the top level of the pricing grid until the first compliance reporting event for the period ended June 30, 2021. Outstanding balances under the facility are guaranteed by the Guarantors pursuant to the Amended and Restated Guaranty Agreement and secured by all assets of the Borrowers and Guarantors (including the equity in such parties), other than any assets regulated by the CPUC and other customary excluded assets, pursuant to an Amended and Restated Pledge Agreement and an Amended and Restated Security Agreement. Under the terms of the Crimson Credit Facility, the Borrowers and their restricted subsidiaries will be subject to certain financial covenants commencing with the fiscal quarter ended June 30, 2021 as follows (i): the total leverage ratio shall not be greater than: (a) 3.00 to 1.00 commencing with the fiscal quarter ended June 30, 2021 through and including the fiscal quarter ending December 31, 2021; (b) 2.75 to 1.00 commencing with the fiscal quarter ending March 31, 2022 through and including the fiscal quarter ending December 31, 2022; and (c) 2.50 to 1.00 commencing with the fiscal quarter ending March 31, 2023 and for each fiscal quarter thereafter and (ii) the debt service coverage ratio, shall not be less than 2.00 to 1.00. Cash distributions to the Company from the Borrowers are subject to certain restrictions, including without limitation, no default or event of default, compliance with financial covenants, minimum undrawn availability and available free cash flow. The Borrowers and their restricted subsidiaries are also subject to certain additional affirmative and negative covenants customary for credit transactions of this type. The Crimson Credit Facility contains default and cross-default provisions (with applicable customary grace or cure periods) customary for transactions of this type. Upon the occurrence of an event of default, payment of all amounts outstanding under the Crimson Credit Facility may become immediately due and payable at the election of the Required Lenders (as defined in the Crimson Credit Facility). Contractual Payments The remaining contractual principal payments as of March 31, 2022 under the Crimson Credit Facility are as follows: Year Crimson Term Loan Crimson Revolver Total 2022 $ 6,000,000 $ — $ 6,000,000 2023 8,000,000 — 8,000,000 2024 58,000,000 26,000,000 84,000,000 Total Remaining Contractual Payments $ 72,000,000 $ 26,000,000 $ 98,000,000 Subsequent to March 31, 2022, Crimson Midstream Operating and Corridor MoGas, Inc. borrowed an additional $2.0 million under the Crimson Revolver on April 20, 2022 . Deferred Financing Costs A summary of deferred financing cost amortization expenses for the three months ended March 31, 2022 and 2021 is as follows: For the Three Months Ended March 31, 2022 March 31, 2021 Crimson Credit Facility $ 247,635 $ 156,399 CorEnergy Credit Facility — 47,879 Total Deferred Debt Cost Amortization Expense (1)(2) $ 247,635 $ 204,278 (1) Amortization of deferred debt issuance costs is included in interest expense in the Consolidated Statements of Operations. (2) For the amount of deferred debt cost amortization relating to the convertible notes included in the Consolidated Statements of Operations, refer to the Convertible Note Interest Expense table below. Convertible Debt 5.875% Convertible Notes On August 12, 2019, the Company completed a private placement offering of $120.0 million aggregate principal amount of 5.875% Convertible Senior Notes due 2025 (the "5.875% Convertible Notes") to the initial purchasers of such notes for cash in reliance on an exemption from registration provided by Section 4(a)(2) of the Securities Act. The initial purchasers then resold the 5.875% Convertible Notes for cash equal to 100 percent of the aggregate principal amount thereof to qualified institutional buyers, as defined in Rule 144A under the Securities Act, in reliance on an exemption from registration provided by Rule 144A. The 5.875% Convertible Notes mature on August 15, 2025 and bear interest at a rate of 5.875 percent per annum, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2020. The 5.875% Convertible Notes were issued with an initial purchasers' discount of $3.5 million, which is being amortized over the life of the notes. The Company also incurred approximately $508 thousand of deferred debt costs in issuing the 5.875% Convertible Notes, which are also being amortized over the life of the notes. Holders may convert all or any portion of their 5.875% Convertible Notes into shares of the Company's Common Stock at their option at any time prior to the close of business on the business day immediately preceding the maturity date. The initial conversion rate for the 5.875% Convertible Notes is 20.0 shares of Common Stock per $1,000 principal amount of the 5.875% Convertible Notes, equivalent to an initial conversion price of $50.00 per share of the Company's Common Stock. Such conversion rate will be subject to adjustment in certain events as specified in the Indenture. The Indenture for the 5.875% Convertible Notes specifies events of default, including default by the Company or any of its subsidiaries with respect to any debt agreements under which there may be outstanding, or by which there may be secured or evidenced, any debt in excess of $25.0 million in the aggregate of the Company and/or any such subsidiary, resulting in such indebtedness becoming or being declared due and payable prior to its stated maturity. On April 29, 2020, the Company repurchased approximately $2.0 million face amount of its 5.875% Convertible Notes. As of March 31, 2022, the Company has $118.1 million aggregate principal amount of 5.875% Convertible Notes outstanding. Convertible Note Interest Expense The following is a summary of the impact of convertible notes on interest expense for the three months ended March 31, 2022 and 2021: Convertible Note Interest Expense For the Three Months Ended March 31, 2022 March 31, 2021 5.875% Convertible Notes: Interest Expense $ 1,733,859 $ 1,733,859 Discount Amortization 143,607 143,607 Deferred Debt Issuance Amortization 20,818 20,818 Total 5.875% Convertible Note Interest Expense $ 1,898,284 $ 1,898,284

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY PREFERRED STOCK As of March 31, 2022, the Company had a total of 5,181,027 depositary shares outstanding, or approximately 51,810 whole shares of its 7.375% Series A Preferred Stock. See Note 18 ("Subsequent Events") for further information regarding the declaration of a dividend on the 7.375% Series A Preferred Stock. COMMON STOCK As of March 31, 2022, the Company had a total of 14,960,628 common shares issued and outstanding. See Note 18 ("Subsequent Events") for further information regarding the declaration of a dividend on the Common Stock. CLASS B COMMON STOCK As of March 31, 2022, the Company had a total of 683,761 Class B common shares issued and outstanding. On June 29, 2021, the stockholders approved (i) the issuance of Class B Common Stock upon conversion of the Series B Preferred Stock issuable pursuant to the terms of the Crimson Transaction, which effectively will make the Crimson Class A-2 Units exchangeable directly for Class B Common Stock of the Company following receipt of CPUC approval, and (ii) the issuance of Class B Common Stock pursuant to the terms of the Internalization. On July 6, 2021, the Company issued 683,761 Class B common shares to the contributors of Corridor InfraTrust Management, LLC as partial consideration for the Internalization transaction. NON-CONTROLLING INTEREST As disclosed in Note 3 ("Acquisitions") as part of the Crimson Transaction, the Company and the Grier Members entered into the Third LLC Agreement of Crimson. Pursuant to the terms of the Third LLC Agreement, the Grier Members and the Company's interests in Crimson are summarized in the table below: As of Grier Members CorEnergy (in units, except as noted) Economic ownership interests in Crimson Midstream Holdings, LLC Class A-1 Units 1,650,245 — Class A-2 Units 2,460,414 — Class A-3 Units 2,450,142 — Class B-1 Units — 10,000 Voting ownership interests in Crimson Midstream Holdings, LLC Class C-1 Units 505,000 495,000 Voting interests of C-1 Units (%) 50.50 % 49.50 % Equity interests of C-1 Units (%) 50.62 % 49.38 % In June 2021, the final working capital adjustment was made for the Crimson Transaction which resulted in an increase in the assets acquired of $1,790,455 (as further described above in Note 3 ("Acquisitions")). This resulted in 37,043 Class A-1 Units being issued to the Grier Members for their 50.50% equity ownership interest. The newly issued units resulted in an increase in non-controlling interest of $882,726. After the working capital adjustment and paid-in-kind dividends, the Grier Members' equity ownership interest is 50.62 percent as of March 31, 2022. After working capital adjustments, the fair value of the Grier Members' noncontrolling interest, which is represented by the A-1, A-2 and A-3 Units listed above, was $116.2 million. As described further below, the A-1, A-2 and A-3 Units may eventually be exchanged for shares of the Company's common and preferred stock subject to the approval of the CPUC ("CPUC Approval"), which is expected to occur in 2022. The A-1, A-2 and A-3 Units held by the Grier Members and the B-1 Units held by the Company represent economic interests in Crimson while the Class C-1 Units represent voting interests. Upon CPUC Approval, the parties will enter into a Fourth Amended and Restated LLC Agreement of Crimson ("Fourth LLC Agreement"), which will, among other things, (i) give the Company control of Crimson and its assets, in connection with an anticipated further restructuring of the Company's asset ownership structure and (ii) provide the Grier Members and Management Members (as defined below) the right to exchange their entire interest in Crimson for securities of the Company as follows: • Class A-1 Units will become exchangeable for up to 1,755,579, (which includes the addition of 37,043 shares as a result of the working capital adjustment) of the Company's depositary shares, each representing 1/100th of a share of the Company's 7.375% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred") • Class A-2 units will become exchangeable for up to 8,762,158 shares of the Company's non-listed Class B Common Stock, and • Class A-3 Units will become exchangeable for up to 2,450,142 shares of the Company's non-listed Class B Common Stock. Class B Common Stock will eventually be converted into the Common Stock of the Company ("Common Stock") on the occurrence of the earlier of the following: (i) the occurrence of the third anniversary of the closing date of the Crimson Transaction or (ii) the satisfaction of certain conditions related to an increase in the relative dividend rate of the Common Stock. Prior to exchange of the Crimson Class A-1, A-2 and A-3 Units into corresponding CORR securities (and after giving effect to the changes to the CORR securities into which the Class A-1 and A-2 Units may be exchanged, as described above), the Grier Members only have the right to receive distributions to the extent that the Company's Board of Directors determines dividends would be payable if they held the shares of Series A Preferred (for the Class A-1 Units), Series B Preferred (for the Class A-2 Units prior to July 7, 2021), and Class B Common Stock (for the Class A-2 Units (on and after July 7, 2021) and Class A-3 Units), respectively, regardless of whether the securities are outstanding. If the respective shares of Series A Preferred, Series B Preferred and Class B Common Stock are not outstanding, the Company's Board of Directors must consider that they would be outstanding when declaring dividends on the Common Stock. Following CPUC Approval, the terms of the Fourth LLC Agreement provide that such rights will continue until the Grier Members elect to exchange the A-1, A-2 and A-3 Units for the related securities of the Company. The following table summarizes the distributions payable under the A-1, A-2 and A-3 Units as if the Grier Members held the respective underlying Company securities. The A-1, A-2 and A-3 Units are entitled to the distribution regardless of whether the corresponding Company security is outstanding. Units Distribution Rights of CorEnergy Securities Liquidation Preference Annual Distribution per Share A-1 Units 7.375% Series A Cumulative Redeemable Preferred Stock (1) $ 25.00 $ 1.84 A-2 Units Class B Common Stock (2) N/A Varies (2) A-3 Units Class B Common Stock (3) (4) N/A Varies (2)(3) (1) On June 29, 2021, the Board of the Company authorized management to enter into an agreement to convert the right to receive the Company’s 9.00% Series C Preferred Stock into 7.375% Series A Cumulative Redeemable Preferred Stock. (2) On July 7, 2021, the Company converted the right that holders of Class A-2 Units would have had to exchange such units for shares of the Company’s 4.00% Series B Preferred Stock into a right to exchange such units for shares of the Company’s Class B Common Stock with the effective date, for dividend purposes, of June 30, 2021. (3) (A) For the fiscal quarters of the Company ending June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, the Common Stock Base Dividend Per Share shall equal $0.05 per share per quarter; (B) for the fiscal quarters of the Company ending June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, the Common Stock Base Dividend Per Share shall equal $0.055 per share per quarter; and (C) for the fiscal quarters of the Company ending June 30, 2023, September 30, 2023, December 31, 2023 and March 30, 2024, the Common Stock Base Dividend Per Share shall equal $0.06 per share per quarter. The Class B Common Stock dividend is subordinated based on a distribution formula described in footnote (4) below. (4) For each fiscal quarter ending June 30, 2021 through and including the fiscal quarter ending March 31, 2024, each share of Class B Common Stock will be entitled to receive dividends (the "Class B Common Stock Dividends"), subject to Board approval, equal to the quotient of (i) difference of (A) CAFD of the most recently completed quarter and (B) 1.25 multiplied by the Common Stock Base Dividend, divided by (ii) shares of Class B Common Stock issued and outstanding multiplied by 1.25. During the three months ended March 31, 2022, distributions in the amount of $809,212 were paid to the Grier Members for the Class A-1 Units. No distributions were paid to the Class A-2 or A-3 Units as no distributions were declared on the Class B Common Stock. See Note 18 ("Subsequent Events") for further information regarding the declaration of distributions related to the Class A-1. SHELF REGISTRATION STATEMENTS On October 30, 2018, the Company filed a shelf registration statement with the SEC, pursuant to which it registered 1,000,000 shares of Common Stock for issuance under its dividend reinvestment plan ("DRIP"). As of March 31, 2022, the Company has issued 173,866 shares of Common Stock under its DRIP pursuant to the shelf, resulting in remaining availability of approximately 826,134 shares of Common Stock. On September 16, 2021, the Company had a resale shelf registration statement declared effective by the SEC, pursuant to which it registered the following securities that were issued in connection with the Internalization for resale by the Contributors: 1,837,607 shares of Common Stock (including both (i) 1,153,846 shares of Common Stock issued at the closing of the Internalization and (ii) up to 683,761 additional shares of Common Stock which may be acquired by the Contributors upon the conversion of outstanding shares of our unlisted Class B Common Stock issued at the closing of the Internalization) and 170,213 depositary shares each representing 1/100th fractional interest of a share of 7.375% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share issued at the closing of the Internalization. On November 3, 2021, the Company filed a new shelf registration statement to replace its prior shelf registration statement, which was declared effective by the SEC on November 17, 2021 and permits the Company to publically offer additional debt or equity securities with an aggregate offering price of up to $600.0 million. As of March 31, 2022, the Company has not issued any securities under this new shelf registration statement, so total availability remains at $600.0 million.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHAREBasic earnings (loss) per share data is computed based on the weighted-average number of shares of Common Stock and Class B Common Stock outstanding during the periods. Diluted earnings (loss) per share data is computed based on the weighted-average number of shares of Common Stock and Class B Common Stock outstanding, including all potentially issuable shares of Common Stock. Diluted earnings (loss) per share for the three months ended March 31, 2022 and 2021 excludes the impact to income and the number of shares outstanding from the conversion of the 5.875% Convertible Notes, because such impact is antidilutive. Under the if converted method, the 5.875% Convertible Notes would result in an additional 2,361,000, common shares outstanding for the three months ended March 31, 2022. For the Three Months Ended March 31, 2022 March 31, 2021 Net Income (loss) $ 4,364,757 $ (10,694,263) Less: Net income attributable to non-controlling interest $ 2,060,294 $ 1,605,308 Net income (loss) attributable to CorEnergy $ 2,304,463 $ (12,299,571) Less: preferred dividend requirements 2,388,130 2,309,672 Net loss attributable to Common Stockholders $ (83,667) $ (14,609,243) Weighted average common shares - basic 15,600,926 13,651,521 Basic loss per common share $ (0.01) $ (1.07) Net loss attributable to Common Stockholders (from above) $ (83,667) $ (14,609,243) Loss attributable for dilutive securities $ (83,667) $ (14,609,243) Weighted average common shares - diluted 15,600,926 13,651,521 Diluted loss per common share $ (0.01) $ (1.07)

VARIABLE INTEREST ENTITY

VARIABLE INTEREST ENTITY	3 Months Ended
	Mar. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
VARIABLE INTEREST ENTITY	VARIABLE INTEREST ENTITY Crimson Midstream Holdings Since February 1, 2021, CorEnergy has held a 49.50 percent voting interest in Crimson and the Grier Members have held the remaining 50.50 percent voting interest. Crimson is a VIE as the legal entity is structured with non-substantive voting rights resulting from (i) the disproportionality between the voting interests of its members and certain economics of the distribution waterfall in the Third LLC Agreement and (ii) the de facto agent relationship between CorEnergy and Grier, who was appointed to CorEnergy's Board of Directors upon closing of the Crimson Transaction. As a result of this related party relationship, substantially all of Crimson's activities either involve or are conducted on behalf of CorEnergy that has disproportionately few voting rights, including Grier as a de facto agent. After the working capital adjustment and paid-in-kind dividends, the Grier Members' equity ownership interest is 50.62 percent as of March 31, 2022. Crimson is managed by the Crimson Board, which is made up of four managers of which the Company and the Grier Members are each represented by two managers. The Crimson Board is responsible for governing the significant activities that impact Crimson's economic performance, including a number of activities which are managed by an approved budget that requires super-majority approval or joint approval. In assessing the primary beneficiary, the Company determined that power is shared; however, the Company and the Grier Members as a related party group have characteristics of a primary beneficiary. The Company performed the "most closely associated" test and determined that CorEnergy is the entity in the related party group most closely associated with the VIE. In performing this assessment, the Company considered (i) its influence over the tax structure of Crimson so its operations could be included in the Company's REIT structure under its PLR, which allows fees received for the usage of storage and pipeline capacity to qualify as rents from real property; (ii) the activities of the Company are substantially similar in nature to the activities of Crimson as the Company owns existing transportation and distribution assets at MoGas and Omega; (iii) Crimson's assets represent a substantial portion of the Company's total assets; and (iv) the Grier Members' interest in Crimson in Class A-1, Class A-2 and Class A-3 Units will earn distributions if the CorEnergy Board of Directors declares a common or preferred dividend for Series A Preferred, and Class B Common Stock; among other factors. Therefore, CorEnergy is the primary beneficiary and consolidates the Crimson VIE and the Grier Members' equity ownership interest 50.62 percent (after the working capital adjustment and paid-in-kind dividends) is reflected as a non-controlling interest in the consolidated financial statements. The Company noted that Crimson's assets cannot be used to settle CorEnergy's liabilities with the exception of quarterly distributions, if declared by the Crimson Board. The quarterly distributions are used to fund current obligations, projected working capital requirements, debt service payments and dividend payments. As discussed in Note 13 ("Debt"), cash distributions to the Company from the borrowers under the Crimson Credit Facility are subject to certain restrictions, including without limitation, no default or event of default, compliance with financial covenants, minimum undrawn availability and available free cash flow. Further, the Crimson Credit Facility is secured by assets at both Crimson Midstream Operating and Corridor MoGas, Inc. For the three months ended March 31, 2022 and 2021, the Company received $3.0 million and $6.7 million, respectively, in cash distributions from Crimson, which were in accordance with the terms of the Crimson Credit Facility.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As previously disclosed, John D. Grier, a director and Chief Operating Officer of the Company, together with the Grier Members, own an aggregate 50.62 percent equity ownership interest in Crimson, which the Company has a right to acquire in the future, pursuant to the terms of the MIPA, following receipt of CPUC approval for a change of control of Crimson's CPUC regulated assets. The Grier Members also retain equity interests in Crescent Midstream Holdings, LLC (“Crescent Midstream Holdings”) which they held prior to the Crimson Transaction, as well as Crescent Louisiana Midstream, LLC ("CLM"), Crimson Renewable Energy, L.P. (“CRE”) and Delta Trading, L.P. (“Delta”). As of March 31, 2022, the Company is owed $170 thousand from related parties, including CLM, CRE and Delta and owes $14 thousand to Crescent, which are included in due from affiliated companies and due to affiliated companies in the Consolidated Balance Sheet. These balances are primarily related to payroll, employee benefits and other services discussed below. The amounts billed to CLM are cash settled and the amounts billed to Crescent Midstream will reduce a prepaid TSA liability on the Company's books until such time as the TSA liability is reduced to zero. As of March 31, 2022, the prepaid TSA liability related to Crescent Midstream was $410 thousand and recorded in due to affiliated companies in the Consolidated Balance Sheets. For the three months ended March 31, 2022 and 2021, Crimson billed TSA and Services Agreement related costs and benefits to related parties totaling $528 thousand, and $1.1 million, respectively. Total transition services reimbursements for the TSAs discussed below are presented on a net basis in the Consolidated Statements of Operations within transportation and distribution expense and general and administrative expense. Transition Services Agreements The subsidiaries of Crescent Midstream Holdings, LLC were formerly a part of Crimson prior to the Crimson Transaction and received various business services from Crimson or certain of its subsidiaries. Effective February 4, 2021, Crimson, certain of Crimson's subsidiaries or a combination thereof, entered into several transition services agreements (collectively, the "Transition Services Agreements" or "TSAs") with Crescent Midstream Holdings to facilitate its transition to operating independently. Each of the TSAs are described in more detail below. Also effective February 4, 2021, Crimson and certain of its subsidiaries entered into an Assignment and Assumption Agreement to assign all of the TSAs to Crimson's direct, wholly-owned TRS, Crimson Midstream I Corporation ("Crimson Midstream I"). Crimson and/or certain of its subsidiaries were reimbursed approximately $156 thousand per month for services provided under the TSAs during 2021, for which the billed amount was allocated 50.0 percent to Crescent Midstream, LLC ("Crescent Midstream"), a wholly-owned subsidiary of Crescent Midstream Holdings, and 50.0 percent to Crescent Louisiana Midstream, LLC ("CLM"), a 70 percent owned subsidiary of Crescent Midstream. These TSA agreements ended on February 3, 2022 and Crimson entered into a Services Agreement for some of the business services previously provided as described below. Employee TSA - Crimson and Crescent Midstream Holdings entered into a transition services agreement (the "Employee TSA") whereby an indirect, wholly-owned subsidiary of Crimson provided payroll, employee benefits and other related employment services to Crescent Midstream Holdings and its subsidiaries. Under the Employee TSA, Crimson's indirect, wholly-owned subsidiary made available and assigned to Crescent Midstream Holdings and its subsidiaries certain employees to provide services primarily to Crescent Midstream Holdings and its subsidiaries. While the Employee TSA was in effect, Crescent Midstream Holdings was responsible for the daily supervision of and assignment of work to the employees providing services to Crescent Midstream Holdings and its subsidiaries. Additionally, Crimson's indirect, wholly-owned subsidiary Crimson Midstream Services entered into an Employee Sharing Agreement with Crimson Midstream I to make available all employees performing services under the Employee TSA to Crimson Midstream I. The Employee Sharing Agreement was effective beginning February 1, 2021. The Employee Sharing Agreement together with the Assignment and Assumption Agreement described above, effectively bound Crimson Midstream I to the terms of the Employee TSA in the same manner as Crimson's indirect, wholly-owned subsidiary. The Employee TSA and the Employee Sharing Agreement ended on February 3, 2022. Control Center TSA - Crimson Midstream Operating, a wholly-owned subsidiary of Crimson, entered into a transition services agreement (the "Control Center TSA") with Crescent Midstream Holdings to provide certain customary control center services and field transition support services necessary to operate a pipeline system. The Control Center TSA was assigned from Crimson Midstream Operating to Crimson Midstream I by the Assignment and Assumption Agreement discussed above. This agreement ended on February 3, 2022. Insurance Coverage TSA - Crimson Midstream Operating and Crescent Midstream Operating, LLC ("Crescent Midstream Operating") (collectively, the "Insurance TSA Parties") entered into a transition services agreement (the "Insurance Coverage TSA") related to the remaining term of coverage on certain insurance policies which were shared by Crimson, certain of its subsidiaries (including Crimson Midstream Operating), Crescent Midstream Operating and certain other entities related to Crescent Midstream Operating (collectively, the "Insureds"). Under the Insurance Coverage TSA, the Insurance TSA Parties agreed to retain and maintain the certain insurance policies, and continue to split the premium payments among the Insureds in line with the historical practices prior to Crescent Midstream Holdings' spin-off from Crimson. By entering into the Insurance Coverage TSA, the Insurance TSA Parties acknowledged that any claims made which result in a loss by one of the Insureds will erode and may exhaust the shared limits and/or aggregates stated in any of the certain insurance policies. Additionally, under the terms of the Insurance Coverage TSA, it was agreed that the Insurance TSA Party which was directly responsible for any incident that results in any loss of coverage under any of the certain shared insurance policies may be primarily financially responsible for such self-insurance and/or covering any increase in costs of the certain insurance policy that occurred as a result of such incident. The Insurance Coverage TSA expired on May 31, 2021, and simultaneously, the Company, Crimson, and certain other subsidiaries of the Company obtained alternative insurance coverage effective through May 31, 2022. As of March 31, 2022, there is no relationship associated with the insurance coverage of the Company and its subsidiaries and Crescent Midstream Operating and its subsidiaries. Services Agreement Effective February 4, 2022, Crimson Midstream Operating entered into a services agreement (the "Services Agreement") to provide administrative-related services to Crescent Midstream Holdings through February 3, 2023, or upon receipt of Crescent Midstream Holdings' written notice to terminate the Services Agreement prior to February 3, 2023. Under the Services Agreement, Crimson and/or certain of its subsidiaries are reimbursed at a fixed fee of approximately $44 thousand per month.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company performed an evaluation of subsequent events through the date of the issuance of these financial statements. Common Stock Dividend Declaration On May 5, 2022, the Company's Board of Directors declared a first quarter 2022 dividend of $0.05 per share for CorEnergy Common Stock, payable in cash or via the Company's DRIP. The dividend is payable on May 31, 2022 to stockholders of record on May 17, 2022. Preferred Stock Dividend Declaration On May 5, 2022, the Company's Board of Directors also declared a dividend of $0.4609375 per depositary share for its 7.375% Series A Preferred Stock, payable in cash. The preferred stock dividend is payable on May 31, 2022 to stockholders of record on May 17, 2022. Class A-1 Units Distribution On May 5, 2022, the Company's Board of Directors authorized the declaration of dividends of $0.4609375 per depositary share for its 7.375% Series A Preferred Stock payable in cash. Pursuant to the terms of Crimson's Third LLC Agreement, this determination by the Company's Board of Directors will entitle the holders of Crimson's Class A-1 Units to receive, from Crimson, a cash distribution of $0.4609375 per unit. Class A-2 Units Distribution and Class A-3 Units Distribution On May 5, 2022, the Board decided not to declare a dividend on Class B Common Stock. Pursuant to the terms of Crimson's Third LLC Agreement, this determination by the Company's Board of Directors will result in no distribution to the holders of Crimson's Class A-2 Units or Crimson's Class A-3 Units.

INTRODUCTION AND BASIS OF PRE_2

INTRODUCTION AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	Mar. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	T he accompanying consolidated financial statements include CorEnergy accounts and the accounts of its wholly-owned subsidiaries and variable interest entities ("VIEs") for which CorEnergy is the primary beneficiary. The consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") set forth in the Accounting Standards Codification ("ASC"), as published by the Financial Accounting Standards Board (" FASB"), and with the Securities and Exchange Commission (" SEC") instructions to Form 10-Q, and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The accompanying consolidated financial statements reflect all adjustments that are, in the opinion of management, necessary for a fair presentation of the Company's financial position, results of operations, and cash flows for the periods presented. There were no adjustments that, in the opinion of management, were not of a normal and recurring nature.
Consolidation	The Company consolidates a VIE when it is the primary beneficiary, which is the party that has both (i) the power to direct the activities that most significantly impact the VIE's economic performance and (ii) through its interests in the VIE, the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. In order to determine whether it owns a variable interest in a VIE, the Company performs a qualitative analysis of the entity's design, primary decision makers, key agreements governing the VIE, voting interests and significant activities impacting the VIE's economic performance. The Company continually monitors consolidated VIEs to determine if any events have occurred that could cause the primary beneficiary to change.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In June of 2016, the FASB issued ASU 2016-13 " Financial Instruments - Credit Losses " ("ASU 2016-13"), which introduces an approach based on expected losses to estimate credit losses on certain types of financial instruments. The new model, referred to as the current expected credit losses ("CECL model"), will apply to financial assets subject to credit losses and measured at amortized cost, and certain off-balance sheet credit exposures. ASU 2016-13 is effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. In November of 2019, the FASB issued ASU 2019-10, Financial Instruments - Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) Effective Dates , which deferred the effective dates of these standards for certain entities. Based on the guidance for smaller reporting companies, the effective date of ASU 2016-13 is deferred for the Company until fiscal year 2023 with early adoption permitted, and the Company has elected to defer adoption of this standard. Although the Company has elected to defer adoption of ASU 2016-13, it will continue to evaluate the potential impact of the standard on its consolidated financial statements. As part of its ongoing assessment work, the Company has completed training on the CECL model and has begun developing policies, processes and internal controls. In March of 2020, the FASB issued ASU 2020-04, "Reference Rate Reform (Topic 848)" ("ASU 2020-04"). In response to concerns about structural risks of interbank offered rates including the risk of cessation of the London Interbank Offered Rate (LIBOR), regulators in several jurisdictions around the world have undertaken reference rate reform initiatives to identify alternative reference rates that are more observable and less susceptible to manipulation. The provisions of ASU 2020-04 are elective and apply to all entities, subject to meeting certain criteria, that have debt or hedging contracts, among other contracts, that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. ASU 2020-04, among other things, provides optional expedients and exceptions for a limited period of time for applying U.S. GAAP to these contracts if certain criteria are met to ease the potential burden in accounting for or recognizing the effects of reference rate reform on financial reporting. ASU 2020-04 is effective for all entities as of March 12, 2020 through December 31, 2022. The
Acquisition	The acquisition was treated as a business combination in accordance with ASC 805, Business Combinations
Fair Value of Financial Instruments	Cash and Cash Equivalents — The carrying value of cash, amounts due from banks, federal funds sold and securities purchased under resale agreements approximates fair value. Financing Notes Receivable — The financing notes receivable are valued on a non-recurring basis. The financing notes receivable are reviewed for impairment when events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. Financing notes with carrying values that are not expected to be recovered through future cash flows are written-down to their estimated net realizable value. Estimates of realizable value are determined based on unobservable inputs, including estimates of future cash flow generation and value of collateral underlying the notes. Inventory - Inventory primarily consists of crude oil earned as in-kind PLA payments and is valued using an average costing method at the lower of cost and net realizable value. Secured Credit Facilities — The fair value of the Company's long-term variable-rate and fixed-rate debt under its secured credit facilities approximates carrying value. Unsecured Convertible Senior Notes — The fair value of the unsecured convertible senior notes is estimated using quoted market prices from either active (Level 1) or generally active (Level 2) markets.

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2022
Business Combination and Asset Acquisition [Abstract]
Summary of Preliminary Allocation of Purchase Price	The following is a summary of the final allocation of the purchase price: Crimson Midstream Holdings, LLC Final as of Assets Acquired Cash and cash equivalents $ 6,554,921 Accounts and other receivables 11,394,441 Inventory 1,681,637 Prepaid expenses and other assets 6,144,932 Property and equipment (1) 333,715,139 Operating right-of-use asset 6,268,077 Total assets acquired: $ 365,759,147 Liabilities Assumed Accounts payable and other accrued liabilities (1) $ 13,540,164 Operating lease liability 6,268,077 Unearned revenue 315,000 Total liabilities assumed: $ 20,123,241 Fair Value of Net Assets Acquired: $ 345,635,906 Non-controlling interest at fair value (2)(3) $ 116,205,762 (1) Amounts recorded for property and equipment include land, buildings, lease assets, leasehold improvements, furniture, fixtures and equipment. During the three months ended June 30, 2021, the Company recorded a $1.8 million working capital adjustment primarily related to the valuation of land. During the three months ended December 31, 2021, the Company recorded measurement period adjustments relating to (i) rights of way and pipelines, which resulted in $734 thousand additional depreciation for the year ended December 31, 2021 and (ii) accrued office lease in the amount of $250 thousand, which is netted against the $1.8 million working capital adjustment. (2) Includes a non-controlling interest for Grier Members' equity consideration in the A-1, A-2 and A-3 Units (including the 37,043 newly issued A-1 Units) with a total fair value of $116.2 million. Refer to "Fair Value of Non-controlling Interest" below and Note 14 ("Stockholders' Equity") for further details. (3) In addition to the newly issued Class A-1 Units, CorEnergy also paid $907,728 in cash as a contribution to Crimson Midstream Holdings, LLC. Corridor InfraTrust Management, LLC Final as of Assets Acquired Cash and cash equivalents $ 952,487 Accounts and other receivables 344,633 Prepaid expenses and other assets 14,184 Property and equipment 87,101 Operating right-of-use asset 453,396 Goodwill 14,491,152 Total assets acquired: $ 16,342,953 Liabilities Assumed Accounts payable and other accrued liabilities $ 1,259,402 Operating lease liability 453,396 Total liabilities assumed: $ 1,712,798 Fair Value of Net Assets Acquired: $ 14,630,155
Pro Forma Results of Operations (Unaudited)	The following selected comparative unaudited pro forma revenue information for the three months ended March 31, 2021 assumes that the Crimson acquisition occurred at the beginning of 2021, and reflects the full results for the period presented. The pro forma results have been prepared for comparative purposes only and do not purport to indicate the results of operations which would actually have occurred had the combination been in effect on the dates indicated, or which may occur in the future. These amounts have been calculated after applying the Company's accounting policies. The Company has excluded pro forma information related to net earnings (loss) as it is impracticable to provide the information as Crimson was part of a larger entity that was separated via a common control transfer at the closing of the Crimson Transaction. As a result, quarterly financial information has not been carved-out for the Crimson entities acquired in prior quarterly periods. Pro Forma March 31, 2021 Revenues $ 31,828,521

TRANSPORTATION AND DISTRIBUTI_2

TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)	3 Months Ended
	Mar. 31, 2022
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset and Liability	The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts as of March 31, 2022: Contract Liability (1) March 31, 2022 December 31, 2021 Beginning Balance January 1 $ 5,339,364 $ 6,104,979 Unrecognized Performance Obligations 205,790 199,405 Recognized Performance Obligations (169,524) (965,020) Ending Balance $ 5,375,630 $ 5,339,364 (1) The contract liability balance is included in unearned revenue in the Consolidated Balance Sheets.
Schedules of Concentration of Risk	The following is a breakout of the Company's transportation and distribution revenue for the three months ended March 31, 2022 and 2021: For the Three Months Ended March 31, 2022 March 31, 2021 Crude oil transportation revenue $ 24,129,364 81.1 % $ 15,604,226 73.3 % Natural gas transportation revenue 4,061,276 13.6 % 3,806,223 17.9 % Natural gas distribution revenue 1,197,904 4.0 % 1,198,813 5.6 % Other 372,810 1.3 % 685,877 3.2 %

LEASED PROPERTIES AND LEASES (T

LEASED PROPERTIES AND LEASES (Tables)	3 Months Ended
	Mar. 31, 2022
Leases [Abstract]
Information Regarding Operating Leases	The Company noted the following information regarding its operating leases for the three months ended March 31, 2022 and 2021: For the Three Months Ended March 31, 2022 March 31, 2021 Lease cost: Operating lease cost $ 446,601 $ 241,182 Short term lease cost — 102,014 Total Lease Cost $ 446,601 $ 343,196 Other Information: Cash paid for amounts included in the measurement of lease liabilities Operating cash flows from operating leases $ 758,849 $ 586,481 Variable lease costs were immaterial for the three months ended March 31, 2022 and 2021. The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee: March 31, 2022 December 31, 2021 Weighted-average remaining lease term - operating leases (in years) 9.9 10.0 Weighted-average discount rate - operating leases 7.10 % 7.04 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Components of deferred tax assets and liabilities	Components of the Company's deferred tax assets and liabilities as of March 31, 2022 and December 31, 2021, are as follows: Deferred Tax Assets and Liabilities March 31, 2022 December 31, 2021 Deferred Tax Assets: Deferred contract revenue $ 1,298,150 $ 1,333,510 Net operating loss carryforwards 6,853,050 6,929,821 Capital loss carryforward 92,418 92,418 Other 367 366 Sub-total $ 8,243,985 $ 8,356,115 Valuation allowance (3,690,371) (3,891,342) Sub-total $ 4,553,614 $ 4,464,773 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ (4,344,242) $ (4,187,621) Other (75,300) (70,867) Sub-total $ (4,419,542) $ (4,258,488) Total net deferred tax asset $ 134,072 $ 206,285
Components of income tax expense	The components of income tax expense (benefit) include the following for the periods presented: Components of Income Tax Expense (Benefit) For the Three Months Ended March 31, 2022 March 31, 2021 Current tax expense Federal $ 105,568 $ 22,740 State (net of federal tax expense (benefit)) 45,476 5,127 Total current tax expense $ 151,044 $ 27,867 Deferred tax expense (benefit) Federal $ 59,424 $ (22,083) State (net of federal tax expense (benefit)) 12,789 (4,317) Total deferred tax expense (benefit) $ 72,213 $ (26,400) Total income tax expense, net $ 223,257 $ 1,467

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2022
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment consist of the following: Property and Equipment March 31, 2022 December 31, 2021 Land $ 24,989,784 $ 24,989,784 Crude oil pipelines 181,323,768 180,663,147 Natural gas pipeline 104,847,405 104,847,405 Right-of-way agreements 85,456,374 85,451,574 Pipeline related facilities 41,249,404 39,995,865 Tanks 30,715,515 30,679,194 Vehicles, trailers and other equipment 1,959,534 1,840,609 Office equipment and computers 1,433,089 1,403,090 Construction work in progress $ 7,582,240 $ 8,581,560 Gross property and equipment $ 479,557,113 $ 478,452,228 Less: accumulated depreciation (40,964,057) (37,022,035) Net property and equipment $ 438,593,056 $ 441,430,193

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Goodwill was as follows: March 31, 2022 December 31, 2021 Goodwill $ 16,210,020 $ 16,210,020

FAIR VALUE (Tables)

FAIR VALUE (Tables)	3 Months Ended
	Mar. 31, 2022
Fair Value Disclosures [Abstract]
Carrying and Fair Value Amounts	Carrying and Fair Value Amounts Level within fair value hierarchy March 31, 2022 December 31, 2021 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value Financial Assets: Cash and cash equivalents Level 1 $ 13,286,081 $ 13,286,081 $ 12,496,478 $ 12,496,478 Financing notes receivable (Note 6) Level 3 993,994 993,994 1,036,660 1,036,660 Inventory Level 1 3,968,235 3,968,235 3,953,523 3,953,523 Financial Liabilities: Crimson secured credit facility - Term Loan Level 2 $ 70,877,181 $ 70,877,181 $ 72,724,757 $ 72,724,757 Crimson secured credit facility - Revolver (2) Level 2 25,354,020 25,354,020 26,266,330 26,266,330 5.875% Unsecured Convertible Senior Notes Level 2 115,830,255 103,532,211 115,665,830 111,144,075 (1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs. (2) The carrying value of the Crimson Revolver is presented net of unamortized debt issuance costs classified as an asset in deferred costs.

DEBT (Tables)

DEBT (Tables)	3 Months Ended
	Mar. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of the Company's debt facilities and balances as of March 31, 2022 and December 31, 2021: Total Commitment Quarterly Principal Payments March 31, 2022 December 31, 2021 Maturity Amount Outstanding Interest Amount Outstanding Interest Crimson Secured Credit Facility: Crimson Revolver $ 50,000,000 $ — 2/4/2024 $ 26,000,000 4.22 % $ 27,000,000 4.11 % Crimson Term Loan 80,000,000 2,000,000 2/4/2024 72,000,000 4.21 % 74,000,000 4.10 % Crimson Uncommitted Incremental Credit Facility 25,000,000 — 2/4/2024 — — % — — % 5.875% Unsecured Convertible Senior Notes 120,000,000 — 8/15/2025 118,050,000 5.875 % 118,050,000 5.875 % Total Debt $ 216,050,000 $ 219,050,000 Less: Unamortized deferred financing costs on 5.875% Convertible Senior Notes $ 281,041 $ 301,859 Unamortized discount on 5.875% Convertible Senior Notes 1,938,704 2,082,311 Unamortized deferred financing costs on Crimson Secured Credit Facility (1) 1,122,819 1,275,244 Total Debt, net of deferred financing costs $ 212,707,436 $ 215,390,586 Debt due within one year $ 8,000,000 $ 8,000,000 (1) Unamortized deferred financing costs related to the Company's revolving credit facilities are included in Deferred Costs in the Assets section of the Consolidated Balance Sheets. Refer to the "Deferred Financing Costs" paragraph below. A summary of deferred financing cost amortization expenses for the three months ended March 31, 2022 and 2021 is as follows: For the Three Months Ended March 31, 2022 March 31, 2021 Crimson Credit Facility $ 247,635 $ 156,399 CorEnergy Credit Facility — 47,879 Total Deferred Debt Cost Amortization Expense (1)(2) $ 247,635 $ 204,278 (1) Amortization of deferred debt issuance costs is included in interest expense in the Consolidated Statements of Operations. (2) For the amount of deferred debt cost amortization relating to the convertible notes included in the Consolidated Statements of Operations, refer to the Convertible Note Interest Expense table below.
Contractual Payments	The remaining contractual principal payments as of March 31, 2022 under the Crimson Credit Facility are as follows: Year Crimson Term Loan Crimson Revolver Total 2022 $ 6,000,000 $ — $ 6,000,000 2023 8,000,000 — 8,000,000 2024 58,000,000 26,000,000 84,000,000 Total Remaining Contractual Payments $ 72,000,000 $ 26,000,000 $ 98,000,000
Convertible Note Interest Expense	The following is a summary of the impact of convertible notes on interest expense for the three months ended March 31, 2022 and 2021: Convertible Note Interest Expense For the Three Months Ended March 31, 2022 March 31, 2021 5.875% Convertible Notes: Interest Expense $ 1,733,859 $ 1,733,859 Discount Amortization 143,607 143,607 Deferred Debt Issuance Amortization 20,818 20,818 Total 5.875% Convertible Note Interest Expense $ 1,898,284 $ 1,898,284

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2022
Equity [Abstract]
Schedule of Noncontrolling Interest	Pursuant to the terms of the Third LLC Agreement, the Grier Members and the Company's interests in Crimson are summarized in the table below: As of Grier Members CorEnergy (in units, except as noted) Economic ownership interests in Crimson Midstream Holdings, LLC Class A-1 Units 1,650,245 — Class A-2 Units 2,460,414 — Class A-3 Units 2,450,142 — Class B-1 Units — 10,000 Voting ownership interests in Crimson Midstream Holdings, LLC Class C-1 Units 505,000 495,000 Voting interests of C-1 Units (%) 50.50 % 49.50 % Equity interests of C-1 Units (%) 50.62 % 49.38 %
Schedule of Distributions Payable	The following table summarizes the distributions payable under the A-1, A-2 and A-3 Units as if the Grier Members held the respective underlying Company securities. The A-1, A-2 and A-3 Units are entitled to the distribution regardless of whether the corresponding Company security is outstanding. Units Distribution Rights of CorEnergy Securities Liquidation Preference Annual Distribution per Share A-1 Units 7.375% Series A Cumulative Redeemable Preferred Stock (1) $ 25.00 $ 1.84 A-2 Units Class B Common Stock (2) N/A Varies (2) A-3 Units Class B Common Stock (3) (4) N/A Varies (2)(3) (1) On June 29, 2021, the Board of the Company authorized management to enter into an agreement to convert the right to receive the Company’s 9.00% Series C Preferred Stock into 7.375% Series A Cumulative Redeemable Preferred Stock. (2) On July 7, 2021, the Company converted the right that holders of Class A-2 Units would have had to exchange such units for shares of the Company’s 4.00% Series B Preferred Stock into a right to exchange such units for shares of the Company’s Class B Common Stock with the effective date, for dividend purposes, of June 30, 2021. (3) (A) For the fiscal quarters of the Company ending June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, the Common Stock Base Dividend Per Share shall equal $0.05 per share per quarter; (B) for the fiscal quarters of the Company ending June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, the Common Stock Base Dividend Per Share shall equal $0.055 per share per quarter; and (C) for the fiscal quarters of the Company ending June 30, 2023, September 30, 2023, December 31, 2023 and March 30, 2024, the Common Stock Base Dividend Per Share shall equal $0.06 per share per quarter. The Class B Common Stock dividend is subordinated based on a distribution formula described in footnote (4) below. (4) For each fiscal quarter ending June 30, 2021 through and including the fiscal quarter ending March 31, 2024, each share of Class B Common Stock will be entitled to receive dividends (the "Class B Common Stock Dividends"), subject to Board approval, equal to the quotient of (i) difference of (A) CAFD of the most recently completed quarter and (B) 1.25 multiplied by the Common Stock Base Dividend, divided by (ii) shares of Class B Common Stock issued and outstanding multiplied by 1.25.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2022
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings Per Share	For the Three Months Ended March 31, 2022 March 31, 2021 Net Income (loss) $ 4,364,757 $ (10,694,263) Less: Net income attributable to non-controlling interest $ 2,060,294 $ 1,605,308 Net income (loss) attributable to CorEnergy $ 2,304,463 $ (12,299,571) Less: preferred dividend requirements 2,388,130 2,309,672 Net loss attributable to Common Stockholders $ (83,667) $ (14,609,243) Weighted average common shares - basic 15,600,926 13,651,521 Basic loss per common share $ (0.01) $ (1.07) Net loss attributable to Common Stockholders (from above) $ (83,667) $ (14,609,243) Loss attributable for dilutive securities $ (83,667) $ (14,609,243) Weighted average common shares - diluted 15,600,926 13,651,521 Diluted loss per common share $ (0.01) $ (1.07)

INTRODUCTION AND BASIS OF PRE_3

INTRODUCTION AND BASIS OF PRESENTATION (Details) $ in Millions	Sep. 16, 2021shares	Jul. 06, 2021USD ($)shares	Feb. 04, 2021	Feb. 01, 2021pipelineSystemmile
Schedule of Equity Method Investments [Line Items]
Number of shares issued in transaction (in shares)	1,837,607
Common Stock, Internalization | Internalization
Schedule of Equity Method Investments [Line Items]
Consideration received per transaction | $		$ 14.6
Number of shares issued in transaction (in shares)	1,153,846	1,153,846
Class B Common Stock, Internalization | Internalization
Schedule of Equity Method Investments [Line Items]
Number of shares issued in transaction (in shares)	683,761	683,761
Series A Cumulative Redeemable Preferred Stock | Internalization
Schedule of Equity Method Investments [Line Items]
Number of shares issued in transaction (in shares)		170,213
Crimson
Schedule of Equity Method Investments [Line Items]
Controlling economic interest			50.50%
Crimson Midstream Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Number of critical infrastructure pipeline systems | pipelineSystem				4
Pipeline system length (in miles) | mile				2,000
Pipeline system active length (in miles) | mile				1,100
Crimson Midstream Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Percentage of interest acquired			49.50%	49.50%

ACQUISITIONS - Crimson (Details

ACQUISITIONS - Crimson (Details)	Feb. 04, 2021USD ($)shares	Feb. 01, 2021USD ($)pipelineSystemmileshares	Jun. 30, 2021USD ($)shares	Mar. 31, 2022USD ($)shares	Mar. 31, 2021USD ($)	Jun. 01, 2021
Business Acquisition [Line Items]
Purchase consideration in cash (net of working capital adjustments)				$ 0	$ 68,094,324
Aggregate value of non-controlling interest					$ 115,323,036
Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Percentage of voting interest held		49.50%
Amended and Restated Credit Agreement | Wells Fargo
Business Acquisition [Line Items]
Total Commitment or Original Principal	$ 105,000,000
Crimson Midstream Holdings, LLC
Business Acquisition [Line Items]
Number of critical infrastructure pipeline systems | pipelineSystem		4
Pipeline system length (in miles) | mile		2,000
Pipeline system active length (in miles) | mile		1,100
Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class A-1 Units
Business Acquisition [Line Items]
Membership interest, shares issued upon exchange (in shares) | shares	1,613,202
Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class A-2 Units
Business Acquisition [Line Items]
Membership interest, shares issued upon exchange (in shares) | shares	2,436,000
Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class A-3 Units
Business Acquisition [Line Items]
Membership interest, shares issued upon exchange (in shares) | shares	2,450,142
Grier Members | Variable Interest Entity, Primary Beneficiary
Business Acquisition [Line Items]
Percentage of voting interest held		50.50%		50.62%
Crimson Midstream Holdings, LLC
Business Acquisition [Line Items]
Percentage of interest acquired	49.50%	49.50%
Economic benefit interest		100.00%
Fair value total purchase consideration		$ 343,800,000
Percentage of interest to be acquired with the right		50.50%
Cash on hand paid in consideration for the acquisition		$ 74,600,000	$ 907,728
New common and preferred equity issued in consideration for the acquisition		115,300,000
Other assets contributed in consideration for the acquisition		48,900,000
New term loan and revolver borrowings incurred in consideration for the acquisition		$ 105,000,000
Increase in assets acquired			1,790,455
Aggregate value of non-controlling interest			$ 882,726
Crimson Midstream Holdings, LLC | Class C Units
Business Acquisition [Line Items]
Percentage of interest acquired	49.50%
Purchase consideration in cash (net of working capital adjustments)	$ 66,000,000
Crimson Midstream Holdings, LLC | Class B-1 Units
Business Acquisition [Line Items]
Shares issued by acquiree through exchange (in shares) | shares	10,000
Crimson Midstream Holdings, LLC | Class C-1 Units
Business Acquisition [Line Items]
Percentage of interest acquired	49.50%
Shares issued by acquiree through exchange (in shares) | shares	495,000
Crimson Midstream Holdings, LLC | Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class A-1 Units
Business Acquisition [Line Items]
Shares issued by acquiree through exchange (in shares) | shares		37,043	37,043
Voting interests of C-1 Units (%)			50.50%			50.50%
Units outstanding (in shares) | shares				1,650,245
Crimson Midstream Holdings, LLC | Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class C-1 Units
Business Acquisition [Line Items]
Shares issued by acquiree through exchange (in shares) | shares	505,000
Voting interests of C-1 Units (%)	50.50%

ACQUISITIONS - Summary of Alloc

ACQUISITIONS - Summary of Allocation of Purchase Price (Details) - USD ($)	Feb. 01, 2021	Jun. 30, 2021	Mar. 31, 2022	Dec. 31, 2021	Jun. 30, 2021	Mar. 31, 2021
Assets Acquired
Goodwill			$ 16,210,020	$ 16,210,020
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Depreciation expense			3,900,000			$ 2,700,000
Crimson Midstream Holdings, LLC
Assets Acquired
Cash and cash equivalents			6,554,921
Accounts and other receivables			11,394,441
Inventory			1,681,637
Prepaid expenses and other assets			6,144,932
Property and equipment			333,715,139
Operating right-of-use asset			6,268,077
Total assets acquired:			365,759,147
Liabilities Assumed
Accounts payable and other accrued liabilities			13,540,164
Operating lease liability			6,268,077
Unearned revenue			315,000
Total liabilities assumed:			20,123,241
Fair Value of Net Assets Acquired:			345,635,906
Non-controlling interest at fair value			116,205,762
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Working capital adjustment					$ 1,800,000
Depreciation expense				734,000
Accrued office lease				$ 250,000
Total fair value	$ 116,200,000
Cash on hand paid in consideration for the acquisition	$ 74,600,000	$ 907,728
Crimson Midstream Holdings, LLC | Class A-1 Units | Mr. Grier and Certain Affiliated Trusts of Mr. Grier
Business Combination, Provisional Information, Initial Accounting Incomplete, Adjustments [Abstract]
Shares issued by acquiree through exchange (in shares)	37,043	37,043
Internalization
Assets Acquired
Cash and cash equivalents			952,487
Accounts and other receivables			344,633
Prepaid expenses and other assets			14,184
Property and equipment			87,101
Operating right-of-use asset			453,396
Goodwill			14,491,152
Total assets acquired:			16,342,953
Liabilities Assumed
Accounts payable and other accrued liabilities			1,259,402
Operating lease liability			453,396
Total liabilities assumed:			1,712,798
Fair Value of Net Assets Acquired:			$ 14,630,155

ACQUISITIONS - Fair Value (Deta

ACQUISITIONS - Fair Value (Details) - USD ($) $ in Thousands	Feb. 01, 2021	Mar. 31, 2021
Measurement Input, Discount Rate | Class A-1 Units
Business Acquisition [Line Items]
Discount rate	11.88%
Measurement Input, Discount Rate | Class A-3 Units
Business Acquisition [Line Items]
Discount rate	11.75%
Corridor InfraTrust Management, LLC | Measurement Input, Discount Rate
Business Acquisition [Line Items]
Weighted average discount rate	14.00%
Crimson Midstream Holdings, LLC
Business Acquisition [Line Items]
Total transaction, due diligence and financing costs		$ 2,000
Financing costs		2,800
Due diligence costs		783
Other financing cost		$ 235

ACQUISITIONS - Pro Forma Result

ACQUISITIONS - Pro Forma Results of Operations (Unaudited) (Details)	3 Months Ended
	Mar. 31, 2021USD ($)
Business Combination and Asset Acquisition [Abstract]
Revenues	$ 31,828,521

ACQUISITIONS - Corridor InfraTr

ACQUISITIONS - Corridor InfraTrust Management, LLC (Details) - USD ($) $ in Millions	Sep. 16, 2021	Jul. 06, 2021
Business Acquisition [Line Items]
Number of shares issued in transaction (in shares)	1,837,607
Common Stock, Internalization | Internalization
Business Acquisition [Line Items]
Consideration received per transaction		$ 14.6
Number of shares issued in transaction (in shares)	1,153,846	1,153,846
Class B Common Stock, Internalization | Internalization
Business Acquisition [Line Items]
Number of shares issued in transaction (in shares)	683,761	683,761
Series A Cumulative Redeemable Preferred Stock | Internalization
Business Acquisition [Line Items]
Number of shares issued in transaction (in shares)		170,213

TRANSPORTATION AND DISTRIBUTI_3

TRANSPORTATION AND DISTRIBUTION REVENUE - Additional Information (Details) - USD ($) $ in Thousands	Mar. 31, 2022	Dec. 31, 2021
Revenue from Contract with Customer [Abstract]
Contract asset balance	$ 40	$ 40
Capitalized contract cost	$ 829

TRANSPORTATION AND DISTRIBUTI_4

TRANSPORTATION AND DISTRIBUTION REVENUE - Contract Assets and Liabilities (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2022	Dec. 31, 2021
Change In Contract With Customer, Liability [Roll Forward]
Beginning Balance January 1	$ 5,839,602
Ending Balance	5,885,621	$ 5,839,602
Transportation and distribution
Change In Contract With Customer, Liability [Roll Forward]
Beginning Balance January 1	5,339,364	6,104,979
Unrecognized Performance Obligations	205,790	199,405
Recognized Performance Obligations	(169,524)	(965,020)
Ending Balance	$ 5,375,630	$ 5,339,364

TRANSPORTATION AND DISTRIBUTI_5

TRANSPORTATION AND DISTRIBUTION REVENUE - Schedules of Concentration of Risk (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Concentration Risk [Line Items]
Revenues	$ 32,872,351	$ 23,040,498
Crude oil transportation revenue
Concentration Risk [Line Items]
Revenues	24,129,364	15,604,226
Natural gas transportation revenue
Concentration Risk [Line Items]
Revenues	4,061,276	3,806,223
Natural gas distribution revenue
Concentration Risk [Line Items]
Revenues	1,197,904	1,198,813
Other
Concentration Risk [Line Items]
Revenues	$ 372,810	$ 685,877
Product and services | Revenue | Crude oil transportation revenue
Concentration Risk [Line Items]
Concentration percentage	81.10%	73.30%
Product and services | Revenue | Natural gas transportation revenue
Concentration Risk [Line Items]
Concentration percentage	13.60%	17.90%
Product and services | Revenue | Natural gas distribution revenue
Concentration Risk [Line Items]
Concentration percentage	4.00%	5.60%
Product and services | Revenue | Other
Concentration Risk [Line Items]
Concentration percentage	1.30%	3.20%

LEASED PROPERTIES AND LEASES -

LEASED PROPERTIES AND LEASES - Additional Information (Details) - USD ($)	Feb. 04, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Sale Leaseback Transaction [Line Items]
Carrying value		$ 1,257,505		$ 1,267,821
Loss on termination of lease		$ 0	$ 165,644
Grand Isle Gathering System
Sale Leaseback Transaction [Line Items]
Carrying value	$ 63,500,000
Asset retirement obligation	8,800,000
Carrying value	54,700,000
Fair value	$ 48,900,000
Loss on impairment			5,800,000
Loss on termination of lease			$ 166,000
Grand Isle Gathering System | Measurement Input, Discount Rate
Sale Leaseback Transaction [Line Items]
Discount rate	11.75%

LEASED PROPERTIES AND LEASES _2

LEASED PROPERTIES AND LEASES - Information Regarding Operating Leases (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Lease cost:
Operating lease cost	$ 446,601	$ 241,182
Short term lease cost	0	102,014
Total Lease Cost	446,601	343,196
Other Information:
Operating cash flows from operating leases	$ 758,849	$ 586,481
Weighted-average remaining lease term - operating leases	9 years 10 months 24 days		10 years
Weighted-average discount rate - operating leases	7.10%		7.04%

FINANCING NOTES RECEIVABLE (Det

FINANCING NOTES RECEIVABLE (Details) - USD ($)	Aug. 10, 2021	Jun. 01, 2021	Jun. 12, 2019	Mar. 31, 2022	Dec. 31, 2021	May 22, 2020	Dec. 12, 2018
Receivables [Abstract]
Monthly principal payments	$ 24,000	$ 11,000	$ 11,000
Financing receivable, interest rate	12.00%	12.00%	8.50%			8.50%
Financing receivable				$ 993,994	$ 1,036,660
Financing receivable							$ 1,300,000
Financing receivable, term			2 years

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Deferred Tax Assets:
Deferred contract revenue	$ 1,298,150	$ 1,333,510
Net operating loss carryforwards	6,853,050	6,929,821
Capital loss carryforward	92,418	92,418
Other	367	366
Sub-total	8,243,985	8,356,115
Valuation allowance	(3,690,371)	(3,891,342)
Sub-total	4,553,614	4,464,773
Deferred Tax Liabilities:
Cost recovery of leased and fixed assets	(4,344,242)	(4,187,621)
Other	(75,300)	(70,867)
Sub-total	(4,419,542)	(4,258,488)
Total net deferred tax asset	$ 134,072	$ 206,285

INCOME TAXES - Additional Infor

INCOME TAXES - Additional Information (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 28,500,000		$ 28,700,000
Operating loss carryforwards, not subject to expiration	25,400,000		25,500,000
Valuation allowance	$ 3,690,371		3,891,342
Effective tax rate	13.60%	65.30%
Capital Loss Carryforward | Corridor MoGas
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 3,600,000		3,800,000
Capital Loss Carryforward | Corridor Private
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 92,000		$ 92,000

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Current tax expense
Federal	$ 105,568	$ 22,740
State (net of federal tax expense (benefit))	45,476	5,127
Total current tax expense	151,044	27,867
Deferred tax expense (benefit)
Federal	59,424	(22,083)
State (net of federal tax expense (benefit))	12,789	(4,317)
Total deferred tax expense (benefit)	72,213	(26,400)
Income tax expense, net	$ 223,257	$ 1,467

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 479,557,113		$ 478,452,228
Less: accumulated depreciation	(40,964,057)		(37,022,035)
Net property and equipment	438,593,056		441,430,193
Depreciation expense	3,900,000	$ 2,700,000
Land
Property, Plant and Equipment [Line Items]
Gross property and equipment	24,989,784		24,989,784
Crude oil pipelines
Property, Plant and Equipment [Line Items]
Gross property and equipment	181,323,768		180,663,147
Natural gas pipeline
Property, Plant and Equipment [Line Items]
Gross property and equipment	104,847,405		104,847,405
Right-of-way agreements
Property, Plant and Equipment [Line Items]
Gross property and equipment	85,456,374		85,451,574
Pipeline related facilities
Property, Plant and Equipment [Line Items]
Gross property and equipment	41,249,404		39,995,865
Tanks
Property, Plant and Equipment [Line Items]
Gross property and equipment	30,715,515		30,679,194
Vehicles, trailers and other equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,959,534		1,840,609
Office equipment and computers
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,433,089		1,403,090
Construction work in progress
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 7,582,240		$ 8,581,560

MANAGEMENT AGREEMENT (Details)

MANAGEMENT AGREEMENT (Details) - USD ($) $ in Thousands	Sep. 16, 2021	Jul. 06, 2021	Apr. 01, 2021	Jan. 31, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Feb. 01, 2021
Management Agreement [Line Items]
Number of shares issued in transaction (in shares)	1,837,607
Transaction bonus						$ 1,000
Reimbursements						608
Legal fees						50
Payments to investment advisors						1,900
Corridor Infra Trust Management
Management Agreement [Line Items]
Bonus payment advance								$ 1,000
Quarterly payment			$ 172
Fees incurred under management agreement				$ 321		1,900
General and Administrative Expense | Corridor Infra Trust Management
Management Agreement [Line Items]
Payments to administrator pursuant to administrative agreement						$ 13
Common Stock, Internalization | Internalization
Management Agreement [Line Items]
Number of shares issued in transaction (in shares)	1,153,846	1,153,846
Class B Common Stock, Internalization | Internalization
Management Agreement [Line Items]
Number of shares issued in transaction (in shares)	683,761	683,761
Series A Cumulative Redeemable Preferred Stock
Management Agreement [Line Items]
Preferred stock interest rate	7.375%				7.375%		7.375%
Series A Cumulative Redeemable Preferred Stock | Internalization
Management Agreement [Line Items]
Number of shares issued in transaction (in shares)		170,213
Preferred stock interest rate		7.375%
Series A, Internalization | Internalization
Management Agreement [Line Items]
Number of shares issued in transaction (in shares)		170,213

GOODWILL (Details)

GOODWILL (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 16,210,020	$ 16,210,020

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Oct. 30, 2014	Mar. 31, 2022
Crimson Legal Proceedings
Loss Contingencies [Line Items]
Damages	$ 11,700
California Bonds Indemnification
Loss Contingencies [Line Items]
Premium for bonds outstanding		$ 115

FAIR VALUE (Details)

FAIR VALUE (Details) - USD ($)	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Aug. 12, 2019
Convertible Debt | 5.875% Unsecured Convertible Senior Notes
Financial Liabilities:
Interest rate	5.875%	5.875%	5.875%	5.875%
Carrying Amount | Level 1
Financial Assets:
Cash and cash equivalents	$ 13,286,081	$ 12,496,478
Inventory	3,968,235	3,953,523
Carrying Amount | Level 2 | Convertible Debt | 5.875% Unsecured Convertible Senior Notes
Financial Liabilities:
5.875% Unsecured Convertible Senior Notes		115,665,830
Carrying Amount | Level 2 | Crimson Term Loan
Financial Liabilities:
Crimson secured credit facility	70,877,181	72,724,757
Carrying Amount | Level 2 | Revolver
Financial Liabilities:
Crimson secured credit facility	25,354,020	26,266,330
Carrying Amount | Level 3
Financial Assets:
Financing notes receivable (Note 6)	993,994	1,036,660
Fair Value | Level 1
Financial Assets:
Cash and cash equivalents	13,286,081	12,496,478
Inventory	3,968,235	3,953,523
Fair Value | Level 2 | Convertible Debt | 5.875% Unsecured Convertible Senior Notes
Financial Liabilities:
5.875% Unsecured Convertible Senior Notes	103,532,211	111,144,075
Fair Value | Level 2 | Crimson Term Loan
Financial Liabilities:
Crimson secured credit facility	70,877,181	72,724,757
Fair Value | Level 2 | Revolver
Financial Liabilities:
Crimson secured credit facility	25,354,020	26,266,330
Fair Value | Level 3
Financial Assets:
Financing notes receivable (Note 6)	$ 993,994	$ 1,036,660

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Aug. 12, 2019
Debt Instrument [Line Items]
Amount Outstanding	$ 216,050,000	$ 219,050,000
Unamortized deferred financing costs on 5.875% Convertible Senior Notes	1,122,820	1,275,244
Total Debt, net of deferred financing costs	212,707,436	215,390,586
Debt due within one year	8,000,000	8,000,000
Crimson Credit Facility
Debt Instrument [Line Items]
Unamortized deferred financing costs on Crimson Secured Credit Facility	1,122,819	1,275,244
Line of Credit | Crimson Credit Facility
Debt Instrument [Line Items]
Total Debt, net of deferred financing costs	98,000,000
Line of Credit | Revolver | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	50,000,000
Quarterly Principal Payments	0
Amount Outstanding	$ 26,000,000	$ 27,000,000
Interest Rate	4.22%	4.11%
Total Debt, net of deferred financing costs	$ 26,000,000
Line of Credit | Crimson Term Loan | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	80,000,000
Quarterly Principal Payments	2,000,000
Amount Outstanding	$ 72,000,000	$ 74,000,000
Interest Rate	4.21%	4.10%
Total Debt, net of deferred financing costs	$ 72,000,000
Line of Credit | Uncommitted Incremental Facility | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	25,000,000
Quarterly Principal Payments	0
Amount Outstanding	$ 0	$ 0
Interest Rate	0.00%	0.00%
Convertible Debt | 5.875% Unsecured Convertible Senior Notes
Debt Instrument [Line Items]
Total Commitment or Original Principal	$ 120,000,000			$ 120,000,000
Quarterly Principal Payments	0
Amount Outstanding	$ 118,050,000	$ 118,050,000
Interest Rate	5.875%	5.875%	5.875%	5.875%
Unamortized deferred financing costs on 5.875% Convertible Senior Notes	$ 281,041	$ 301,859
Unamortized discount on 5.875% Convertible Senior Notes	$ 1,938,704	$ 2,082,311		$ 3,500,000

DEBT - Crimson Credit Facility

DEBT - Crimson Credit Facility (Details)	Feb. 04, 2021USD ($)	Mar. 31, 2022USD ($)	Mar. 31, 2021USD ($)
Debt Instrument [Line Items]
Advances on revolving line of credit		$ 2,000,000	$ 3,000,000
Crimson Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 155,000,000
Minimum debt service coverage ratio	2
Crimson Credit Facility | Line of Credit | Debt Covenant, Period One
Debt Instrument [Line Items]
Leverage ratio	3
Crimson Credit Facility | Line of Credit | Debt Covenant, Period Two
Debt Instrument [Line Items]
Leverage ratio	2.75
Crimson Credit Facility | Line of Credit | Debt Covenant, Period Three
Debt Instrument [Line Items]
Leverage ratio	2.50
Crimson Credit Facility | Line of Credit | LIBOR | Option Two
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Crimson Credit Facility | Line of Credit | LIBOR | Minimum | Option One
Debt Instrument [Line Items]
Basis spread on variable rate	3.25%
Crimson Credit Facility | Line of Credit | LIBOR | Minimum | Option Two
Debt Instrument [Line Items]
Additional basis spread on variable rate	2.25%
Crimson Credit Facility | Line of Credit | LIBOR | Maximum | Option One
Debt Instrument [Line Items]
Basis spread on variable rate	4.50%
Crimson Credit Facility | Line of Credit | LIBOR | Maximum | Option Two
Debt Instrument [Line Items]
Additional basis spread on variable rate	3.50%
Crimson Credit Facility | Line of Credit | Fed Funds Rate | Option Two
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Crimson Credit Facility | Line of Credit | Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Advances on revolving line of credit	25,000,000
Crimson Credit Facility | Line of Credit | Crimson Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	80,000,000
Quarterly payments	2,000,000
Crimson Credit Facility | Line of Credit | Uncommitted Incremental Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000

DEBT - Contractual Payments (De

DEBT - Contractual Payments (Details) - USD ($)	Apr. 20, 2022	Feb. 04, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Debt Instrument [Line Items]
Total Debt, net of deferred financing costs			$ 212,707,436		$ 215,390,586
Advances on revolving line of credit			2,000,000	$ 3,000,000
Line of Credit | Crimson Credit Facility
Debt Instrument [Line Items]
2022			6,000,000
2023			8,000,000
2024			84,000,000
Total Debt, net of deferred financing costs			98,000,000
Line of Credit | Crimson Credit Facility | Crimson Term Loan
Debt Instrument [Line Items]
2022			6,000,000
2023			8,000,000
2024			58,000,000
Total Debt, net of deferred financing costs			72,000,000
Line of Credit | Crimson Credit Facility | Revolver
Debt Instrument [Line Items]
2022			0
2023			0
2024			26,000,000
Total Debt, net of deferred financing costs			$ 26,000,000
Advances on revolving line of credit		$ 25,000,000
Line of Credit | Crimson Credit Facility | Revolver | Subsequent Event
Debt Instrument [Line Items]
Advances on revolving line of credit	$ 2,000,000

DEBT - Deferred Financing Costs

DEBT - Deferred Financing Costs Summary (Details) - Line of Credit - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Debt Instrument [Line Items]
Deferred debt cost amortization expense	$ 247,635	$ 204,278
Crimson Credit Facility
Debt Instrument [Line Items]
Deferred debt cost amortization expense	247,635	156,399
CorEnergy Credit Facility
Debt Instrument [Line Items]
Deferred debt cost amortization expense	$ 0	$ 47,879

DEBT - Convertible Debt (Detail

DEBT - Convertible Debt (Details) - Convertible Debt - 5.875% Convertible Notes	Aug. 12, 2019USD ($)$ / shares	Mar. 31, 2022USD ($)	Dec. 31, 2021USD ($)	Mar. 31, 2021	Apr. 29, 2020USD ($)
Debt Instrument [Line Items]
Interest rate	5.875%	5.875%	5.875%	5.875%
Face amount	$ 120,000,000	$ 120,000,000
Redemption price in percentage	100.00%
Unamortized discount on 5.875% Convertible Senior Notes	$ 3,500,000	$ 1,938,704	$ 2,082,311
Debt issuance costs, gross	$ 508,000
Conversion ratio		0.0200000
Conversion price (in dollars per share) | $ / shares	$ 50
Minimum balance to trigger default upon qualified event	$ 25,000,000
Debt instrument, repurchased face amount					$ 2,000,000
Convertible debt outstanding		$ 118,100,000

DEBT - Convertible Note Interes

DEBT - Convertible Note Interest Expense (Details) - Convertible Debt - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Aug. 12, 2019
Debt Instrument [Line Items]
Total 5.875% Convertible Note Interest Expense	$ 1,898,284	$ 1,898,284
5.875% Convertible Notes
Debt Instrument [Line Items]
Interest Rate	5.875%	5.875%	5.875%	5.875%
Interest Expense	$ 1,733,859	$ 1,733,859
Discount Amortization	143,607	143,607
Deferred Debt Issuance Amortization	$ 20,818	$ 20,818
Effective interest rate in percentage	6.40%	6.40%

STOCKHOLDERS' EQUITY - Narrativ

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($)	Sep. 16, 2021	Jul. 07, 2021	Jul. 06, 2021	Feb. 01, 2021	Oct. 30, 2018	Jun. 30, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021	Nov. 03, 2021	Jun. 01, 2021
Class of Stock [Line Items]
Common shares, issued (in shares)							14,960,628
Common shares, outstanding (in shares)							14,960,628
Number of shares issued in transaction (in shares)	1,837,607
Aggregate value of non-controlling interest								$ 115,323,036
Crimson cash distribution on A-1 Units							$ 809,212
Preferred stock, par value (in dollars per share)	$ 0.001
Aggregate offering price										$ 600,000,000
Shelf registration statement aggregate offering price, current availability							$ 600,000,000
Variable Interest Entity, Primary Beneficiary
Class of Stock [Line Items]
Percentage of voting interest held				49.50%
Depositary Shares
Class of Stock [Line Items]
Depository shares outstanding (in shares)							5,181,027
Number of shares issued in transaction (in shares)	170,213
Series A Cumulative Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock interest rate	7.375%						7.375%		7.375%
Preferred stock, par value (in dollars per share)							$ 0.001		$ 0.001
Class B Common Stock
Class of Stock [Line Items]
Common shares, issued (in shares)							683,761		683,761
Common shares, outstanding (in shares)							683,761		683,761
Grier Members | Variable Interest Entity, Primary Beneficiary
Class of Stock [Line Items]
Percentage of voting interest held				50.50%			50.62%
Internalization | Series A Cumulative Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock interest rate			7.375%
Number of shares issued in transaction (in shares)			170,213
Internalization | Class B Common Stock
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)			683,761
Internalization | Common Stock, Internalization
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)	1,153,846		1,153,846
Internalization | Class B Common Stock, Internalization
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)	683,761		683,761
Dividend Reinvestment Plan
Class of Stock [Line Items]
Reinvestment of dividends paid to common stockholders (in shares)					1,000,000		173,866
Remaining availability (in shares)							826,134
Series C Preferred Stock | Depositary Shares
Class of Stock [Line Items]
Equity instrument, shares issuable upon conversion (in shares)				1,755,579
Class A-2 Units | Class B Common Stock
Class of Stock [Line Items]
Equity instrument, shares issuable upon conversion (in shares)		8,762,158
Class A-3 Units | Class B Common Stock
Class of Stock [Line Items]
Equity instrument, shares issuable upon conversion (in shares)				2,450,142
Crimson Midstream Holdings, LLC
Class of Stock [Line Items]
Increase in assets acquired						$ 1,790,455
Aggregate value of non-controlling interest						$ 882,726
Total fair value				$ 116,200,000
Crimson Midstream Holdings, LLC | Mr. Grier and Certain Affiliated Trusts of Mr. Grier | Class A-1 Units
Class of Stock [Line Items]
Shares issued by acquiree through exchange (in shares)				37,043		37,043
Voting interests of C-1 Units (%)						50.50%					50.50%
Series A Cumulative Redeemable Preferred Stock
Class of Stock [Line Items]
Depository shares outstanding (in shares)							51,810
Series A Cumulative Redeemable Preferred Stock | Series A Cumulative Redeemable Preferred Stock
Class of Stock [Line Items]
Preferred stock interest rate				7.375%			7.375%
Non-controlling Interest
Class of Stock [Line Items]
Aggregate value of non-controlling interest								$ 115,323,036
Crimson cash distribution on A-1 Units							$ 809,212
Non-controlling Interest | Class A-1 Units
Class of Stock [Line Items]
Crimson cash distribution on A-1 Units							$ 809,212

STOCKHOLDERS' EQUITY - Schedule

STOCKHOLDERS' EQUITY - Schedule Of Noncontrolling Interest (Details) - Crimson Midstream Holdings, LLC - shares	Mar. 31, 2022	Feb. 01, 2021
Class B-1 Units
Noncontrolling Interest [Line Items]
Ownership interests in Crimson Midstream Holdings, LLC (in shares)		10,000
Class C-1 Units
Noncontrolling Interest [Line Items]
Ownership interests in Crimson Midstream Holdings, LLC (in shares)		495,000
Voting interests of C-1 Units (%)		49.50%
Equity interests of C-1 Units (%)		49.38%
Grier Members | Class A-1 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	1,650,245
Grier Members | Class A-2 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	2,460,414
Grier Members | Class A-3 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	2,450,142
Grier Members | Class C-1 Units
Noncontrolling Interest [Line Items]
Ownership interests in Crimson Midstream Holdings, LLC (in shares)	505,000
Voting interests of C-1 Units (%)	50.50%
Equity interests of C-1 Units (%)	50.62%

STOCKHOLDERS' EQUITY - Schedu_2

STOCKHOLDERS' EQUITY - Schedule of Distributions Payable (Details) - $ / shares	Sep. 16, 2021	Jun. 29, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Dividends Payable [Line Items]
Dividends declared per share (in dollars per share)			$ 0.050	$ 0.050
Class A-1 Units
Dividends Payable [Line Items]
Preferred stock, liquidation preference (in dollars per share)			25
Annual distribution per share (in dollars per share)			1.84
Series C Preferred Stock
Dividends Payable [Line Items]
Preferred stock interest rate		9.00%
Series A Cumulative Redeemable Preferred Stock
Dividends Payable [Line Items]
Preferred stock, liquidation preference (in dollars per share)			$ 2,500		$ 2,500
Preferred stock interest rate	7.375%		7.375%		7.375%
Series B Preferred Stock
Dividends Payable [Line Items]
Preferred stock interest rate			4.00%
Class B Common Stock | Dividends, Period One
Dividends Payable [Line Items]
Dividends declared per share (in dollars per share)			$ 0.05
Class B Common Stock | Dividends, Period Two
Dividends Payable [Line Items]
Dividends declared per share (in dollars per share)			$ 0.055
Dividend multiplier			1.25
Class B Common Stock | Dividends, Period Three
Dividends Payable [Line Items]
Dividends declared per share (in dollars per share)			$ 0.06
Dividend multiplier			1.25

EARNINGS (LOSS) PER SHARE - Add

EARNINGS (LOSS) PER SHARE - Additional information (Details) - Convertible Debt - shares	Mar. 31, 2022	Dec. 31, 2021	Mar. 31, 2021	Aug. 12, 2019
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common shares issued upon conversion (in shares)	2,361,000
5.875% Convertible Notes
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Interest rate	5.875%	5.875%	5.875%	5.875%

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Earnings Per Share (Details) - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Earnings Per Share [Abstract]
Net income (loss)	$ 4,364,757	$ (10,694,263)
Less: Net income attributable to non-controlling interest	2,060,294	1,605,308
Net income (loss) attributable to CorEnergy	2,304,463	(12,299,571)
Preferred stock dividends	2,388,130	2,309,672
Net loss attributable to Common Stockholders	$ (83,667)	$ (14,609,243)
Weighted average common shares - basic (in shares)	15,600,926	13,651,521
Basic loss per common share (in dollars per share)	$ (0.01)	$ (1.07)
Net loss attributable to Common Stockholders	$ (83,667)	$ (14,609,243)
Loss attributable for dilutive securities	$ (83,667)	$ (14,609,243)
Weighted average common shares - diluted (in shares)	15,600,926	13,651,521
Diluted loss per common share (in dollars per share)	$ (0.01)	$ (1.07)

VARIABLE INTEREST ENTITY (Detai

VARIABLE INTEREST ENTITY (Details) - USD ($) $ in Millions	Feb. 01, 2021	Mar. 31, 2022	Mar. 31, 2021
Variable Interest Entity [Line Items]
Distributions		$ 3	$ 6.7
Variable Interest Entity, Primary Beneficiary
Variable Interest Entity [Line Items]
Percentage of voting interest held	49.50%
Variable Interest Entity, Primary Beneficiary | Grier Members
Variable Interest Entity [Line Items]
Percentage of voting interest held	50.50%	50.62%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)	Feb. 04, 2022	Feb. 04, 2021	Feb. 01, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Related Party Transaction [Line Items]
Due from affiliated companies				$ 169,968		$ 676,825
Due to affiliated companies				423,491		648,316
Crescent Louisiana Midstream, LLC | Crescent Midstream, LLC
Related Party Transaction [Line Items]
Controlling economic interest		70.00%
Variable Interest Entity, Primary Beneficiary
Related Party Transaction [Line Items]
Percentage of voting interest held			49.50%
Due from affiliated companies				169,968		676,825
Due to affiliated companies				$ 423,491		$ 648,316
Variable Interest Entity, Primary Beneficiary | Grier Members
Related Party Transaction [Line Items]
Percentage of voting interest held			50.50%	50.62%
Transition Services Agreement | Crescent Midstream, LLC | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Amount billed				$ 528,000	$ 1,100,000
Percentage allocation		50.00%
Transition Services Agreement | Crimson Midstream Holdings, LLC | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Fixed fee		$ 156,000
Transition Services Agreement | Crescent Louisiana Midstream, LLC | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Percentage allocation		50.00%
Transition Services Agreement | Crescent Midstream Operating | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Fixed fee	$ 44,000
Common Control Transfer | Crescent Midstream, LLC | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Due to affiliated companies				14,000
Accounting And Consulting Services | Crescent Midstream, LLC | Crescent Midstream Holdings
Related Party Transaction [Line Items]
Expenses from transaction				$ 410,000

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - $ / shares	May 05, 2022	Sep. 16, 2021	Mar. 31, 2022	Mar. 31, 2021	Dec. 31, 2021
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)			$ 0.050	$ 0.050
Series A Cumulative Redeemable Preferred Stock
Subsequent Event [Line Items]
Preferred stock interest rate		7.375%	7.375%		7.375%
Subsequent Event
Subsequent Event [Line Items]
Dividends declared per share (in dollars per share)	$ 0.05
Subsequent Event | Series A Cumulative Redeemable Preferred Stock
Subsequent Event [Line Items]
Preferred stock interest rate	7.375%
Subsequent Event | Depositary Shares | Series A Cumulative Redeemable Preferred Stock
Subsequent Event [Line Items]
Depositary stock, dividends declared per share (in dollars per share)	$ 0.4609375