CorEnergy Infrastructure Trust (CORR) 10-Q 7 Nov 23 2023 Q3 Quarterly report Financial data

COVER PAGE

COVER PAGE - shares	9 Months Ended
	Sep. 30, 2023	Nov. 02, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2023
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	2023
Document Fiscal Period Focus	Q3
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 (in shares)		15,353,833
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 (in shares)		683,761

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Property and equipment, net of accumulated depreciation of $33,417,433 and $52,908,191, respectively (Crimson VIE*: $342,285,452, and $340,205,058, respectively)	$ 342,291,489	$ 440,148,967
Leased property, net of accumulated depreciation of $— and $299,463, respectively	0	1,226,565
Financing notes and related accrued interest receivable, net of reserve of $50,000 and $600,000, respectively	659,432	858,079
Cash and cash equivalents (Crimson VIE: $2,185,021 and $1,874,319, respectively)	3,048,354	17,830,482
Accounts and other receivables (Crimson VIE: $11,958,653 and $10,343,769, respectively)	11,961,369	14,164,525
Due from affiliated companies (Crimson VIE: $6,250 and $167,743, respectively)	6,250	167,743
Deferred costs, net of accumulated amortization of $964,971 and $726,619, respectively	177,376	415,727
Inventory (Crimson VIE: $1,938,569 and $5,804,776, respectively)	1,938,569	5,950,051
Prepaid expenses and other assets (Crimson VIE: $5,647,976 and $3,414,372, respectively)	6,374,432	9,478,146
Operating right-of-use assets (Crimson VIE: $5,879,124 and $4,452,210, respectively)	6,010,439	4,722,361
Deferred tax asset, net (Crimson VIE: $148,742 and $—, respectively)	148,742	0
Assets held-for-sale	110,306,421	0
Total Assets	482,922,873	494,962,646
Liabilities and Equity
Secured credit facilities, net of deferred financing costs of $283,965 and $665,547, respectively	103,716,035	100,334,453
Unsecured convertible senior notes, net of discount and debt issuance costs of $1,233,197 and $1,726,470, respectively	116,816,803	116,323,530
Accounts payable and other accrued liabilities (Crimson VIE: $16,480,857 and $16,889,980, respectively)	19,276,291	26,316,216
Income tax payable (Crimson VIE: $— and $85,437, respectively)	10,965	174,849
Due to affiliated companies (Crimson VIE: $137,525 and $209,750, respectively)	137,525	209,750
Operating lease liability (Crimson VIE: $6,069,038 and $4,454,196, respectively)	6,200,354	4,696,410
Deferred tax liability, net	0	1,292,300
Unearned revenue (Crimson VIE: $498,721 and $203,725, respectively)	498,721	5,948,621
Liabilities held-for-sale	7,160,793	0
Total Liabilities	253,817,487	255,296,129
Commitments and Contingencies (Note 9)
Equity
Additional paid-in capital	327,183,361	327,016,573
Retained deficit	(346,940,752)	(333,785,097)
Total CorEnergy Equity	109,784,322	122,773,089
Non-controlling interest	119,321,064	116,893,428
Total Equity	229,105,386	239,666,517
Total Liabilities and Equity	482,922,873	494,962,646
Series A Cumulative Redeemable Preferred Stock
Equity
Series A Cumulative Redeemable Preferred Stock 7.375%, $136,690,065 liquidation preference at September 30, 2023 and $129,525,675 liquidation preference at December 31, 2022 ($2,500 per share, $0.001 par value); 69,367,000 authorized; 51,810 issued and outstanding at September 30, 2023 and December 31, 2022	129,525,675	129,525,675
Non-Convertible Common Stock
Equity
Common stock	15,354	15,254
Class B Common Stock
Equity
Common stock	$ 684	$ 684

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Accumulated depreciation, property and equipment	$ 33,417,433	$ 52,908,191
Property, plant, and equipment, after accumulated depreciation	342,291,489	440,148,967
Accumulated depreciation, leased property	0	299,463
Reserve for financing notes	50,000	600,000
Cash and cash equivalents (1)	3,048,354	17,830,482
Accounts and other receivables	11,961,369	14,164,525
Due from affiliated companies	6,250	167,743
Accumulated amortization, deferred costs	964,971	726,619
Inventory	1,938,569	5,950,051
Prepaid expenses and other assets	6,374,432	9,478,146
Operating right-of-use assets	6,010,439	4,722,361
Deferred tax assets, net	148,742	0
Debt issuance costs, net	283,965	665,547
Accounts payable and other accrued liabilities	19,276,291	26,316,216
Income tax payable	10,965	174,849
Due to affiliated companies	137,525	209,750
Operating lease liabilities	6,200,354	4,696,410
Unearned revenue	$ 498,721	$ 5,948,621
Series A Cumulative Redeemable Preferred Stock
Preferred stock interest rate	7.375%	7.375%
Preferred stock, liquidation preference	$ 136,690,065	$ 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)	69,367,000	69,367,000
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)	15,353,833	15,253,958
Capital stock non-convertible, shares outstanding (in shares)	15,353,833	15,253,958
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	$ 1,233,197	$ 1,726,470
Variable Interest Entity
Property, plant, and equipment, after accumulated depreciation	342,285,452	340,205,058
Cash and cash equivalents (1)	2,185,021	1,874,319
Accounts and other receivables	11,958,653	10,343,769
Due from affiliated companies	6,250	167,743
Inventory	1,938,569	5,804,776
Prepaid expenses and other assets	5,647,976	3,414,372
Operating right-of-use assets	5,879,124	4,452,210
Deferred tax assets, net	148,742	0
Accounts payable and other accrued liabilities	16,480,857	16,889,980
Income tax payable	0	85,437
Due to affiliated companies	137,525	209,750
Operating lease liabilities	6,069,038	4,454,196
Unearned revenue	$ 498,721	$ 203,725

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenue
Total Revenue	$ 33,044,687	$ 32,961,686	$ 98,040,839	$ 97,355,473
Expenses
General and administrative	6,601,866	5,743,342	20,820,858	16,162,570
Depreciation and amortization	3,351,238	4,028,800	10,620,391	11,997,781
Loss on impairment of goodwill	0	16,210,020	0	16,210,020
Total Expenses	32,681,277	45,014,863	96,488,285	96,244,228
Operating Income (Loss)	363,410	(12,053,177)	1,552,554	1,111,245
Other Income (expense)
Other income (expense)	(11,586)	76,050	325,905	332,615
Interest expense	(4,499,316)	(3,483,208)	(13,330,232)	(9,972,969)
Total Other Expense	(4,510,902)	(3,407,158)	(13,004,327)	(9,640,354)
Loss before income taxes	(4,147,492)	(15,460,335)	(11,451,773)	(8,529,109)
Taxes
Current tax expense	2,436	35,187	12,137	343,108
Deferred tax expense (benefit)	160,408	6,182	(785,891)	94,604
Income tax expense (benefit), net	162,844	41,369	(773,754)	437,712
Net Loss	(4,310,336)	(15,501,704)	(10,678,019)	(8,966,821)
Less: Net income attributable to non-controlling interest	809,212	809,212	2,427,636	2,427,636
Net Loss attributable to CorEnergy Infrastructure Trust, Inc.	(5,119,548)	(16,310,916)	(13,105,655)	(11,394,457)
Preferred dividend requirements	2,388,130	2,388,130	7,164,390	7,164,390
Net Loss attributable to Common Stockholders	$ (7,507,678)	$ (18,699,046)	$ (20,270,045)	$ (18,558,847)
Dividends declared per share (in dollars per share)	$ 0	$ 0.050	$ 0	$ 0.150
Capital Stock
Taxes
Net Loss attributable to Common Stockholders	$ (7,187,583)	$ (17,855,821)	$ (19,404,323)	$ (17,651,810)
Weighted average shares outstanding - basic (in shares)	15,353,513	15,089,708	15,325,852	14,999,570
Basic net loss per share (in dollars per share)	$ (0.47)	$ (1.18)	$ (1.27)	$ (1.18)
Weighted average common shares - diluted (in shares)	15,818,470	15,554,665	15,790,809	15,464,527
Diluted net loss per share (in dollars per share)	$ (0.47)	$ (1.20)	$ (1.28)	$ (1.20)
Common Stock | Class B Common Stock
Taxes
Net Loss attributable to Common Stockholders	$ (320,095)	$ (843,225)	$ (865,722)	$ (907,037)
Weighted average shares outstanding - basic (in shares)	683,761	683,761	683,761	683,761
Basic net loss per share (in dollars per share)	$ (0.47)	$ (1.23)	$ (1.27)	$ (1.33)
Weighted average common shares - diluted (in shares)	683,761	683,761	683,761	683,761
Diluted net loss per share (in dollars per share)	$ (0.47)	$ (1.23)	$ (1.27)	$ (1.33)
Transportation and distribution
Revenue
Revenue from contracts with customers	$ 28,862,539	$ 31,273,493	$ 86,642,286	$ 89,538,121
Expenses
Cost of revenue	18,921,495	17,647,673	54,189,582	45,857,193
Pipeline loss allowance subsequent sales
Revenue
Revenue from contracts with customers	4,077,113	1,477,251	11,087,109	7,283,450
Expenses
Cost of revenue	3,806,678	1,385,028	10,857,454	6,016,664
Lease and other revenue
Revenue
Revenue from contracts with customers	$ 105,035	$ 210,942	$ 311,444	$ 533,902

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)	Total	Cumulative Effect, Period of Adoption, Adjustment	Class B Common Stock	Preferred Stock	Common Stock	Common Stock Class B Common Stock	Additional Paid-in Capital	Retained Deficit	Retained Deficit Cumulative Effect, Period of Adoption, Adjustment	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2021					14,893,184	683,761
Beginning balance at Dec. 31, 2021	$ 263,631,523			$ 129,525,675	$ 14,893	$ 684	$ 338,302,735	$ (321,028,580)		$ 116,816,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(8,966,821)							(11,394,457)		2,427,636
Series A preferred stock dividends	(7,164,390)						(7,164,390)
Common stock dividends	(2,245,733)						(2,245,733)
Reinvestment of dividends paid to common stockholders (in shares)					221,362
Reinvestment of dividends paid to common stockholders	601,184				$ 221		600,963
Common Stock, accrued dividend equivalent	(34,145)						(34,145)
Crimson dividends on Class A-1 units	(2,427,636)									(2,427,636)
Stock-based compensation (in shares)					62,365
Stock-based compensation, net of forfeitures	384,383				$ 63		336,619			47,701
Ending balance (in shares) at Sep. 30, 2022					15,176,911	683,761
Ending balance at Sep. 30, 2022	243,778,365			129,525,675	$ 15,177	$ 684	329,796,049	(332,423,037)		116,863,817
Beginning balance (in shares) at Dec. 31, 2021					14,893,184	683,761
Beginning balance at Dec. 31, 2021	263,631,523			129,525,675	$ 14,893	$ 684	338,302,735	(321,028,580)		116,816,116
Ending balance (in shares) at Dec. 31, 2022			683,761		15,253,958	683,761
Ending balance at Dec. 31, 2022	$ 239,666,517	$ (50,000)		129,525,675	$ 15,254	$ 684	327,016,573	(333,785,097)	$ (50,000)	116,893,428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2016-13
Beginning balance (in shares) at Jun. 30, 2022					15,060,857	683,761
Beginning balance at Jun. 30, 2022	$ 262,833,595			129,525,675	$ 15,060	$ 684	332,588,181	(316,112,121)		116,816,116
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(15,501,704)							(16,310,916)		809,212
Series A preferred stock dividends	(2,388,130)						(2,388,130)
Common stock dividends	(753,043)						(753,043)
Reinvestment of dividends paid to common stockholders (in shares)					84,606
Reinvestment of dividends paid to common stockholders	197,980				$ 85		197,895
Common Stock, accrued dividend equivalent	(34,145)						(34,145)
Crimson dividends on Class A-1 units	(809,212)									(809,212)
Stock-based compensation (in shares)					31,448
Stock-based compensation, net of forfeitures	233,024				$ 32		185,291			47,701
Ending balance (in shares) at Sep. 30, 2022					15,176,911	683,761
Ending balance at Sep. 30, 2022	243,778,365			129,525,675	$ 15,177	$ 684	329,796,049	(332,423,037)		116,863,817
Beginning balance (in shares) at Dec. 31, 2022			683,761		15,253,958	683,761
Beginning balance at Dec. 31, 2022	239,666,517	$ (50,000)		129,525,675	$ 15,254	$ 684	327,016,573	(333,785,097)	$ (50,000)	116,893,428
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(10,678,019)							(13,105,655)		2,427,636
Shares issued on RSU vesting, net of shares withheld for taxes (in shares)					99,875
Shares issued on RSU vesting, net of shares withheld for taxes	(59,944)				$ 100		(60,044)
Crimson dividends on Class A-1 units	(2,400,000)
Stock-based compensation, net of forfeitures	203,213						203,213
Common stock, accrued dividend equivalent forfeiture	23,619						23,619
Ending balance (in shares) at Sep. 30, 2023			683,761		15,353,833	683,761
Ending balance at Sep. 30, 2023	229,105,386			129,525,675	$ 15,354	$ 684	327,183,361	(346,940,752)		119,321,064
Beginning balance (in shares) at Jun. 30, 2023					15,350,883	683,761
Beginning balance at Jun. 30, 2023	233,307,113			129,525,675	$ 15,351	$ 684	327,074,755	(341,821,204)		118,511,852
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net (loss) income	(4,310,336)							(5,119,548)		809,212
Shares issued on RSU vesting, net of shares withheld for taxes (in shares)					2,950
Shares issued on RSU vesting, net of shares withheld for taxes	(2,260)				$ 3		(2,263)
Crimson dividends on Class A-1 units	(809,000)
Stock-based compensation, net of forfeitures	110,869						110,869
Ending balance (in shares) at Sep. 30, 2023			683,761		15,353,833	683,761
Ending balance at Sep. 30, 2023	$ 229,105,386			$ 129,525,675	$ 15,354	$ 684	$ 327,183,361	$ (346,940,752)		$ 119,321,064

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Operating Activities
Net loss		$ (10,678,019)	$ (8,966,821)
Adjustments to reconcile net loss to net cash provided by operating activities:
Deferred income tax		(785,891)	94,604
Depreciation and amortization		10,620,391	11,997,781
Amortization of debt issuance costs		1,113,206	1,236,178
Loss on impairment of goodwill		0	16,210,020
Gain on sale of equipment		(1,074)	(39,678)
Stock-based compensation		203,213	384,383
Changes in assets and liabilities:
Accounts and other receivables		36,804	2,715,207
Inventory		3,865,532	(2,050,514)
Prepaid expenses and other assets		3,248,836	1,782,460
Due from affiliated companies, net		89,268	209,943
Accounts payable and other accrued liabilities		(1,515,953)	3,029,625
Income tax payable		(163,884)	344,630
Unearned revenue		(390,533)	151,295
Other changes, net		188,116	(100,855)
Net cash provided by operating activities		5,830,012	26,998,258
Investing Activities
Purchases of property and equipment		(13,458,018)	(7,759,603)
Proceeds from reimbursable projects		971,770	2,385,858
Other changes, net		(882,956)	186,992
Net cash used in investing activities		(13,369,204)	(5,186,753)
Financing Activities
Dividends paid on Series A preferred stock		0	(7,164,390)
Dividends paid on Common Stock		0	(1,644,549)
Distributions to non-controlling interest		0	(2,427,636)
Advances on the Crimson Revolver		11,000,000	9,000,000
Payments on the Crimson Revolver		(1,000,000)	(4,000,000)
Principal payments on the Crimson Term Loan		(7,000,000)	(6,000,000)
Dividends paid on Vested RSUs		(16,111)	0
Taxes paid for RSU withholdings		(68,722)	0
Proceeds from financing arrangement		0	1,520,517
Payments on financing arrangement		(3,525,995)	(1,987,382)
Payment on note payable		(437,500)	0
Net cash used in financing activities		(1,048,328)	(12,703,440)
Net change in Cash and Cash Equivalents		(8,587,520)	9,108,065
Cash and Cash Equivalents at beginning of period		17,830,482	11,540,576
Cash and Cash Equivalents at end of period	[1]	9,242,962	20,648,641
Supplemental Disclosure of Cash Flow Information
Interest paid		13,274,159	8,802,697
Income taxes paid (net of refunds)		191,000	(12,055)
Non-Cash Investing Activities
Purchases of property, plant and equipment in accounts payable and other accrued liabilities		2,122,319	2,249,585
Non-Cash Financing Activities
Reinvestment of distributions by common stockholders in additional common shares		0	601,184
Dividend equivalents accrued on RSUs		0	34,145
Assets acquired under financing arrangement		$ 0	$ 307,312
[1](1) Cash and Cash Equivalents at the end of the nine months ended September 30, 2023 include $6.2 million held-for-sale. The Consolidated Statement of Cash Flows reflects assets and liabilities classified as held-for-sale that are presented in the Held-for-Sale Balance Sheet in Note 3. ("Held-for-Sale"). See Note 3. ("Held-for-Sale") for further information.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical)	Sep. 30, 2023 USD ($)
Discontinued Operations, Held-for-sale | MoGas Pipeline and Omega Pipeline Systems
Cash and cash equivalents	$ 6,194,608

INTRODUCTION AND BASIS OF PRESE

INTRODUCTION AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2023
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 stock, par value $0.001 per share ("Common Stock"), is listed on the New York Stock Exchange ("NYSE") under the symbol "CORR" and its depositary shares representing the Company's 7.375% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share ("Series A Preferred Stock"), are listed on the NYSE under the symbol "CORR PrA". The Company's Class B Common Stock, par value $0.001 per share ("Class B Common Stock"), is not listed on an exchange. 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 systems, 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 real estate investment trust ("REIT") structure, including the opportunity to both own and 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. The principal executive offices of the Company are located at 1100 Walnut, Suite 3350, Kansas City, Missouri 64106. Basis of Presentation and Consolidation The accompanying unaudited 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 unaudited 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 unaudited 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 reporting period amounts have been recast to conform with the current period presentation. In preparing the unaudited consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates. Operating results for the three and nine months ended September 30, 2023 are not necessarily indicative of the results that may be expected for the year ending December 31, 2023 or any other interim or annual period. Amounts as of December 31, 2022 have been derived from the audited consolidated financial statements as of that date but do not include all of the information and footnotes required by GAAP for complete financial statements and, as a result, should be read in conjunction with the audited consolidated financial statements and the notes thereto included in CorEnergy's Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on March 29, 2023. Going Concern Subsidiaries of the Company and Crimson Midstream Holdings, LLC, a consolidated VIE of the Company ("Crimson"), are co-borrowers under the Amended and Restated Credit Agreement, dated as February 4, 2021, which provides for borrowing capacity of up to $155.0 million (the "Crimson Credit Facility"). The Crimson Credit Facility is scheduled to mature on May 3, 2024, which is within twelve months of the date of issuance of these financial statements for the period ended September 30, 2023. On May 25, 2023, the Company announced entry into a definitive agreement to sell the MoGas and Omega pipeline systems to Spire, Inc. for approximately $175.0 million in cash, subject to final working capital adjustments. The transaction is currently expected to close around the end of the calendar year, pending U.S. Federal Trade Commission ("FTC") review and subject to customary closing conditions. The Company is required to use the proceeds from such sale to repay the Crimson Credit Facility in full . If the MoGas and Omega sale does not occur in early 2024, the Company's operating cash flows may not be sufficient to service our debt instruments or comply with the covenants contained therein in 2024. If the Company is unable to extend the maturity date of the Crimson Credit Facility, or to repay or refinance it by May 3, 2024, or meet the covenants contained therein until such repayment or refinancing, the Company's ability to meet its obligations would be adversely affected. Failure to extend the maturity date or repay the debt prior to its contractual maturity or a default under the applicable debt agreements could result in the potential foreclosure on the collateral securing such debt. In addition, on September 12, 2023, the Company received a notice (the “Notice”) from the NYSE that it is not in compliance with the NYSE continued listing standards relating to a minimum share price requirement because the average closing price of the Company's common stock was less than $1.00 per share over a consecutive 30 trading-day period. The Company has six months following receipt of the Notice to regain compliance with the minimum share price requirement. The Company intends to regain compliance with the requirement. However, if the Company is unable to maintain the NYSE listing or obtain an alternative listing on another exchange as required under the Indenture governing the 5.875% Convertible Notes, the Company's failure to do so will constitute a "fundamental change" under the Indenture, in which case, the Company must make an offer to repurchase all of the outstanding 5.875% Convertible Notes at a price equal to the principal amount of such notes, plus any accrued and unpaid interest. The Company projects that it will not have sufficient cash on hand or available liquidity to repurchase all of the outstanding 5.875% Convertible Notes in the event that it is required to do so. The Company's failure to make or complete the repurchase offer would result in a default under the Indenture. The foregoing events and conditions raise substantial doubt about the Company's ability to continue as a going concern. However, the Company’s management believes it is probable the sale of MoGas and Omega will be successful and enable the Company to fully retire the Crimson Credit Facility before its contractual maturity and allow the Company to sufficiently service debt instruments and comply with the covenants contained therein during 2024, although no assurance can be given that the Company will be able to do so. Additionally, the Company believes it is probable that the sale of MoGas and Omega and other available options will allow the Company to regain compliance with the NYSE minimum listing standard and avoid delisting before March 12, 2024 and the requirement to make an offer to repurchase the outstanding 5.875% Convertible Notes as described above, although no assurance can be given that the Company will be able to do so. As a result, the Company has concluded that management's plans are probable of being achieved to alleviate substantial doubt of the Company's ability to continue as a going concern. The accompanying unaudited consolidated financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. MoGas and Omega During March 2023, the Company determined that the MoGas and Omega pipeline assets have met the criteria of "held-for- sale" accounting, as specified by FASB's ASC 360, " Property, Plant and Equipment ." The carrying value of the assets and liabilities of this component is less than the fair value less costs to sell. Therefore, amounts are presented at carrying value within the Company's Consolidated Balance Sheet. Refer to Note 3 ("Held-For-Sale") for further discussion.

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Sep. 30, 2023
Accounting Standards Update and Change in Accounting Principle [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	RECENT ACCOUNTING PRONOUNCEMENTS In June of 2016, the FASB issued Accounting Standards Update ("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 model ("CECL model"), applies to financial assets subject to credit losses and measured at amortized cost, as well as certain off-balance sheet credit exposures. Consistent with the guidance for smaller reporting companies, the Company has adopted this standard as of January 1, 2023. Trade receivables - Accounts receivable from the transportation and distribution of crude oil and natural gas are generally settled with counterparties within 60 days of the service month. The Company has a high historical rate of collectability of greater than 99% of total revenue and, as such, has adopted an impairment model based on an evaluation of its aging schedule. As of September 30, 2023 the Company's calculated allowance for doubtful accounts was immaterial. Financing note receivable - Refer to Note 6 ("Financing Notes Receivable") for further discussion.

HELD-FOR-SALE

HELD-FOR-SALE	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
HELD-FOR-SALE	HELD-FOR-SALE MoGas Pipeline and Omega Pipeline Systems As of September 30, 2023, the Company's MoGas and Omega pipeline systems were classified as assets and liabilities held-for-sale. The Company is disposing of these assets to address upcoming debt maturities on the Crimson Credit Facility and to reduce outstanding debt associated with the Company's 5.875% Unsecured Convertible Senior Notes due 2025. On May 25, 2023, the Company announced entry into a definitive agreement to sell the MoGas and Omega pipeline systems to Spire, Inc. for $175.0 million in cash, subject to final working capital adjustments. On July 3, 2023, the Company received a request for additional information ("Second Request") from the FTC with regard to this proposed acquisition. The Company is fully cooperating with the FTC regarding the Second Request and expects to close around the end of the calendar year subject to receiving FTC approval. The pre-tax profit from the disposal group held for sale is summarized in the table below for each period the statement of operations is presented: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Pre-tax profit (1) $ 1,150,591 $ (616,079) $ 3,000,379 $ 3,601,156 Allocated interest related to the sale to repay the Crimson Credit Facility 2,601,032 1,584,924 7,635,380 4,278,117 (1) The Company is contractually obligated to use the proceeds from the anticipated sale to repay the Crimson Credit Facility. As such, the aforementioned pre-tax profit includes allocated interest related to the sale and repayment of the Crimson Credit Facility. Held-for-Sale Balance Sheet September 30, 2023 Assets (Unaudited) Property and equipment, net of accumulated depreciation of $30,077,502 $ 99,237,947 Leased property, net of accumulated depreciation of $309,778 1,216,249 Cash and cash equivalents (1) 6,194,608 Accounts and other receivables 2,579,532 Inventory 145,950 Prepaid expenses and other assets 868,585 Operating right-of-use assets 63,550 Total Assets $ 110,306,421 Liabilities Accounts payable and other accrued liabilities 1,410,475 Operating lease liability 35,800 Deferred tax liability, net (2) 655,151 Unearned revenue 5,059,367 Total Liabilities $ 7,160,793 (1) The Company has elected to disclose 100% of the disposal group cash and cash equivalent balance as held for sale, however, the Company only expects a minimal amount of cash necessary for day-to-day operations will ultimately be transferred in the sale. (2) The deferred tax liability is recorded within certain parent entities that are not part of the disposal group, however, because the liability was generated from the operations of the disposal group, the Company has included it within liabilities held-for-sale on the Consolidated Balance Sheet.

TRANSPORTATION AND DISTRIBUTION

TRANSPORTATION AND DISTRIBUTION REVENUE	9 Months Ended
	Sep. 30, 2023
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 transportation and distribution services are performed. The transaction price is calculated based on (i) CPUC and Federal Energy Regulatory Commission ("FERC") regulated rates or negotiated rates in the case of transportation agreements, (ii) index price, plus a contractual markup in the case of natural gas supply agreements (considered variable due to fluctuations in the index) and (iii) contracted amounts (with annual Consumer Price Index 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"), which 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. 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, "Revenue from Contracts with Customers" ("ASC 606") when control of the PLA volumes has 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 ASC 842, "Leases," w hile the margin is recognized in accordance with the ASC 606 revenue standard as discussed above. The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts: Contract Liability (1) September 30, 2023 December 31, 2022 Beginning Balance January 1 $ 5,927,873 $ 5,339,364 Unrecognized Performance Obligations 294,997 1,175,824 Recognized Performance Obligations (664,782) (587,315) Ending Balance (2) $ 5,558,088 $ 5,927,873 (1) As of September 30, 2023, the contract liability balance is included in unearned revenue (Crimson portion) and liabilities held-for-sale (MoGas and Omega portion) in the Consolidated Balance Sheets. As of December 31, 2022, the contract liability balance was included in unearned revenue in the Consolidated Balance Sheets. (2) As of September 30, 2023, the contract liability balance for MoGas and Omega was $5.1 million and is recorded in liabilities held-for-sale on the Consolidated Balance Sheets. The Company's contract asset balances were immaterial as of both September 30, 2023 and December 31, 2022. 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 September 30, 2023, the remaining unamortized deferred contract costs balance was approximately $684 thousand. The contract asset and deferred contract costs balances are included in assets held-for-sale and prepaid expenses and other assets in the Consolidated Balance Sheets as of September 30, 2023 and December 31, 2022, respectively. The following is a breakout of the Company's transportation and distribution revenue for the three and nine months ended September 30, 2023 and 2022: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Crude oil transportation revenue $ 23,259,963 81 % $ 26,099,075 84 % $ 70,332,482 81 % $ 73,201,850 82 % Natural gas transportation revenue 3,594,334 12 % 3,572,522 11 % 10,943,272 13 % 11,711,243 13 % Natural gas distribution revenue 1,269,927 4 % 1,229,040 4 % 3,780,008 4 % 3,663,206 4 % Other 738,315 3 % 372,856 1 % 1,586,524 2 % 961,822 1 % Total $ 28,862,539 100 % $ 31,273,493 100 % $ 86,642,286 100 % $ 89,538,121 100 %

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
LEASES	LEASES The Company and its subsidiaries currently lease land, corporate office space, single-use office space, and equipment. During 2022, Crimson entered into a new corporate office lease that commenced upon possession of the property on April 15, 2023. No lease payments are due for the first year. During September 2023, the Company extended the lease for the CorEnergy corporate office, which will be effective December 2023 through May 2024. An additional operating right-of-use asset and operating lease liability were recorded for this lease in the amount of $97 thousand each. The Company's leases are classified as operating leases and presented as operating right-of-use assets (assets held-for-sale for MoGas and Omega) and operating lease liabilities (liabilities held-for-sale for MoGas and Omega) on the Consolidated Balance Sheets as of September 30, 2023. The Company's leases are presented as operating right-of-use assets and operating lease liabilities on the Consolidated Balance Sheets as of December 31, 2022. 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 and nine months ended September 30, 2023 and 2022: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Lease cost: Operating lease cost $ 319,585 $ 446,601 $ 1,301,515 $ 1,339,803 Other Information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 100,857 $ 341,186 $ 1,131,383 $ 1,441,220 Supplemental disclosure of non-cash leasing activities: Right-of-use assets obtained in exchange for new operating lease liabilities $ 97,415 $ — $ 2,330,936 $ — Variable lease costs were immaterial for the three and nine months ended September 30, 2023 and 2022. The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee: September 30, 2023 December 31, 2022 Weighted average remaining lease term - operating leases (in years) 10.2 11.0 Weighted average discount rate - operating leases 8.44 % 7.45 %

FINANCING NOTES RECEIVABLE

FINANCING NOTES RECEIVABLE	9 Months Ended
	Sep. 30, 2023
Receivables [Abstract]
FINANCING NOTES RECEIVABLE	FINANCING NOTES RECEIVABLEOn December 12, 2018, Four Wood Corridor, LLC, a subsidiary of the Company, entered into a $1.3 million note receivable with Compass SWD, LLC related to the sale of real and personal property that provide saltwater disposal services for the oil and natural gas industry (the "Compass REIT Loan"). Subsequent to amendments to the Compass REIT Loan in 2019, 2020 and 2021, the Compass REIT Loan matures on July 31, 2026 and accrues interest at an annual rate of 12.0%, with monthly payments of $24 thousand. As of September 30, 2023 and December 31, 2022, the Compass REIT Loan balance was $659 thousand and $858 thousand, respectively, net of reserves of $50 thousand and zero, respectively. The Company uses the discounted cash flow method to estimate expected credit losses and also reviews other factors that may affect the collectability of the balance, including timeliness of required payments, past due status and discussions with obligors. As of September 30, 2023, there were no past due payments associated with the Compass REIT Loan.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2023
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 September 30, 2023 and December 31, 2022, are as follows: Deferred Tax Assets and Liabilities September 30, 2023 December 31, 2022 Deferred Tax Assets: Deferred contract revenue $ — $ 1,230,985 Net operating loss carryforwards 148,742 7,027,439 Capital loss carryforward — 92,418 Other — 338 Sub-total $ 148,742 $ 8,351,180 Valuation allowance — (5,168,148) Sub-total $ 148,742 $ 3,183,032 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ — $ (4,386,744) Other — (88,588) Sub-total $ — $ (4,475,332) Total net deferred tax asset (liability) $ 148,742 $ (1,292,300) Deferred Tax Assets and Liabilities - Held-For-Sale September 30, 2023 Deferred Tax Assets: Deferred contract revenue $ 1,104,815 Net operating loss carryforwards 7,169,734 Capital loss carryforward 92,418 Other 317 Sub-total $ 8,367,284 Valuation allowance (3,663,938) Sub-total $ 4,703,346 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ (5,256,622) Other (101,875) Sub-total $ (5,358,497) Total net deferred tax liability (1) $ (655,151) (1) The deferred tax liability is recorded within certain parent entities that are not part of the disposal group, however, because the liability was generated from the operations of the disposal group, the Company has included it within liabilities held-for-sale on the Consolidated Balance Sheet. 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 September 30, 2023, the Company had no uncertain tax positions. Tax years beginning with the year ended December 31, 2019 remain open to examination by federal and state tax authorities. As of September 30, 2023 and December 31, 2022, the TRSs had cumulative net operating loss carryforwards ("NOLs") of $30.2 million and $29.2 million, respectively. As of September 30, 2023 and December 31, 2022, NOLs of $27.9 million and $26.4 million, respectively, that were generated during the periods ended September 30, 2023, December 31, 2022, 2021, 2020, 2019, and 2018 may be carried forward indefinitely, subject to limitation. NOLs 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 carryforwards will not be utilized prior to expiration. Due to the uncertainty of realizing this deferred tax asset, a valuation allowance of $92 thousand was recorded, equal to the amount of the tax benefit of this carryforward at both September 30, 2023 and December 31, 2022. Additionally, the Company determined that certain of the federal and state NOLs may not be utilized prior to their expiration. Due to the uncertainty of realizing these deferred tax assets, a valuation allowance of $3.6 million and $5.2 million was recorded at September 30, 2023 and December 31, 2022, respectively. In the future, if the Company concludes, based on existence of sufficient evidence, that it should realize more or less of the 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 TRSs, tax law changes, and future business acquisitions or divestitures. The TRSs’ effective tax rates were (24.9)% and 24.4% for the nine months ended September 30, 2023 and 2022, respectively. The negative tax rate for the current period is a result of the tax benefit received from the lower valuation allowance requirement described in the preceding paragraph. 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 For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Current tax expense Federal $ 2,117 $ 31,781 $ 10,550 $ 238,587 State (net of federal tax expense) 319 3,406 1,587 104,521 Total current tax expense $ 2,436 $ 35,187 $ 12,137 $ 343,108 Deferred tax expense (benefit) Federal $ 602,142 $ 5,004 $ (200,981) $ 77,784 State (net of federal tax expense) (441,734) 1,178 (584,910) 16,820 Total deferred tax expense (benefit) $ 160,408 $ 6,182 $ (785,891) $ 94,604 Total income tax expense (benefit), net $ 162,844 $ 41,369 $ (773,754) $ 437,712

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	PROPERTY AND EQUIPMENT Property and equipment consist of the following: Property and Equipment September 30, 2023 December 31, 2022 Land $ 24,303,454 $ 24,989,784 Crude oil pipelines 193,310,961 185,047,366 Natural gas pipeline — 105,322,987 Right-of-way agreements 65,159,200 87,206,374 Pipeline related facilities 46,958,495 42,647,865 Tanks 35,002,009 33,092,825 Vehicles, trailers and other equipment 1,811,967 2,684,993 Office equipment and computers 1,834,046 1,569,698 Construction work in progress 7,328,790 10,495,266 Gross property and equipment $ 375,708,922 $ 493,057,158 Less: accumulated depreciation (33,417,433) (52,908,191) Net property and equipment $ 342,291,489 $ 440,148,967 Depreciation expense was $3.4 million and $10.6 million for the three and nine months ended September 30, 2023, respectively. Depreciation expense was $4.0 million and $11.9 million for the three and nine months ended September 30, 2022, respectively. Held-for-sale property and equipment consist of the following: Property and Equipment September 30, 2023 Land 686,330 Natural gas pipeline 105,387,405 Right-of-way agreements 22,047,174 Vehicles, trailers and other equipment 876,686 Office equipment and computers 268,559 Construction work in process 49,294 Gross Property and equipment $ 129,315,448 Less: accumulated depreciation (30,077,501) Net property and equipment $ 99,237,947

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Crimson Legal Proceedings As a transporter of crude oil, the Company 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 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. Additionally, the Company maintains insurance coverage for environmental liabilities in amounts that management believes are appropriate and customary for the Company's business. The Company is also 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 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. Restructuring Costs During the first quarter of 2023, the Company approved a restructuring plan associated with changes in management structure and the corresponding reorganization of Crimson management. The Company recognized restructuring expense of $0 and $2.0 million during the three and nine months ended September 30, 2023, respectively. These costs are recorded in transportation and distribution and in general and administrative within the Consolidated Statement of Operations. The Company does not anticipate additional restructuring-related costs over the remainder of 2023 related to this plan. As of September 30, 2023, the remaining liability related to these restructuring costs was $422 thousand, which is recorded in accounts payable and other accrued liabilities on the Consolidated Balance Sheets. Long Term Incentive Awards On March 15, 2023, the Company awarded $2.1 million in "Cash Units" under the Omnibus Plan (as defined below) 2023 Annual Long Term Incentive Awards. Each Cash Unit represents the right to receive $1 at a future date with such amount not tied to the Company’s operating performance or stock price. The Cash Units vest over three years, with 1/3 vesting on March 15th each year. The expense related to these awards was $171 thousand and $370 thousand for the three and nine months ended September 30, 2023, respectively. 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 $148 thousand, recorded in general and administrative expense.

FAIR VALUE

FAIR VALUE	9 Months Ended
	Sep. 30, 2023
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 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 carrying value of financing notes receivable approximates fair value. The Company uses the discounted cash flow method to estimate expected credit losses and also reviews other factors that may affect the collectability of the balance, including timeliness of required payments, past due status and discussions with obligors. There are no past due payments associated with the loan. 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 or net realizable value. Secured Credit Facilities — The fair value of the Company's long-term variable-rate debt under its secured credit facilities approximates carrying value. Unsecured Convertible Senior Notes — The fair value of the 5.875% Convertible 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 September 30, 2023 December 31, 2022 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value 5.875% Convertible Notes Level 2 $ 116,816,803 $ 93,259,500 $ 116,323,530 $ 79,093,500 (1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs.

DEBT

DEBT	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
DEBT	DEBT The following is a summary of the Company's debt facilities and balances as of September 30, 2023 and December 31, 2022: Total Commitment Quarterly Principal Payments (2) September 30, 2023 December 31, 2022 Maturity Amount Outstanding Interest Amount Outstanding Interest Crimson Credit Facility: Crimson Revolver $ 50,000,000 $ — 5/3/2024 $ 45,000,000 10.20 % $ 35,000,000 8.41 % Crimson Term Loan 80,000,000 3,000,000 5/3/2024 59,000,000 10.20 % 66,000,000 8.22 % Crimson Uncommitted Incremental Credit Facility 25,000,000 — 5/3/2024 — — % — — % 5.875% Convertible Notes 120,000,000 — 8/15/2025 118,050,000 5.875 % 118,050,000 5.875 % Total Debt $ 222,050,000 $ 219,050,000 Less: Unamortized deferred financing costs on 5.875% Convertible Notes $ 156,134 $ 218,587 Unamortized discount on 5.875% Convertible Notes 1,077,063 1,507,883 Unamortized deferred financing costs on Crimson Term Loan (1) 283,965 665,547 Total Debt, net of deferred financing costs $ 220,532,838 $ 216,657,983 Debt due within one year $ 104,000,000 $ 10,000,000 (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. (2) The required quarterly principal payments increased from $2.0 million to $3.0 million beginning with the payment due September 30, 2023. Crimson Credit Facility 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. On September 14, 2022, the Borrowers completed the first amendment to the Amended and Restated Credit Agreement, which replaced the use of a LIBOR reference rate with the Secured Overnight Financing Rate ("SOFR"). On March 6, 2023, the Company completed the second amendment to the Amended and Restated Credit Agreement, which extended the maturity of the Crimson Credit Facility from its maturity on February 4, 2024 to May 3, 2024 and amended the applicable total leverage ratio in the first two quarters of 2023 from 2.50 to 2.75, as well as increased the required quarterly amortization of the term loan from $2.0 million to $3.0 million beginning in the third quarter of 2023. On August 14, 2023, the parties entered into the third amendment to the Amended and Restated Credit Agreement, which amended the applicable total leverage ratio in the third and fourth quarters of 2023 from 2.50 to 3.75, which is anticipated to prevent any covenant violations before the completion of the sale of the MoGas and Omega assets around the end of the calendar year, although no such assurance can be given. There were no covenant violations for the third quarter of 2023 and the Company does not expect any covenant violations for the remainder of 2023. Crimson Credit Facility Contractual Payments The remaining contractual principal payments as of September 30, 2023 under the Crimson Credit Facility are as follows: Year Crimson Term Loan Crimson Revolver Total 2023 $ 3,000,000 $ — $ 3,000,000 2024 56,000,000 45,000,000 101,000,000 Total Remaining Contractual Payments $ 59,000,000 $ 45,000,000 $ 104,000,000 Crimson Credit Facility Interest Expense A summary of the Crimson Credit Facility interest expense and deferred debt cost amortization expense for the three and nine months ended September 30, 2023 and 2022 is as follows: Crimson Credit Facility Interest Expense For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Interest Expense $ 2,652,829 $ 1,446,620 $ 7,605,854 $ 3,811,763 Deferred Debt Cost Amortization Expense (1)(2) 174,735 247,635 619,934 742,905 Less: Capitalized Interest 226,532 109,331 590,408 276,551 Total Crimson Credit Facility Interest Expense $ 2,601,032 $ 1,584,924 $ 7,635,380 $ 4,278,117 (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 Notes Interest Expense table below. Convertible Debt Interest Expense A summary of the 5.875% Convertible Notes interest expense, discount amortization, and deferred debt issuance amortization expense for the three and nine months ended September 30, 2023 and 2022 is as follows: Convertible Note Interest Expense For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 5.875% Convertible Notes: Interest Expense $ 1,733,859 $ 1,733,859 $ 5,201,577 $ 5,201,577 Discount Amortization 143,607 143,607 430,821 430,821 Deferred Debt Issuance Amortization 20,818 20,818 62,454 62,454 Total 5.875% Convertible Note Interest Expense $ 1,898,284 $ 1,898,284 $ 5,694,852 $ 5,694,852 Including the impact of the convertible debt discount and related deferred debt issuance costs, the effective interest rate on the 5.875% Convertible Notes was approximately 6.4% for each of the three and nine months ended September 30, 2023 and 2022. During the fourth quarter of 2022, the Company entered into a short-term financing agreement in order to fund insurance needs. As of September 30, 2023 and December 31, 2022, the outstanding balance on the note payable was $0

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY STOCK-BASED COMPENSATION On May 25, 2022, the Company's stockholders approved the CorEnergy Infrastructure Trust, Inc. Omnibus Equity Incentive Plan (the "Omnibus Plan") (3,000,000 shares of Common Stock authorized) which allows the Company to grant equity awards to its employees, non-employee directors, and consultants in its employ or service (or the employ or service of any parent, subsidiary or affiliate). Incentive compensation programs play a pivotal role in the Company's effort to attract and retain key personnel essential to its long-term growth and financial success and align long term interests of recipients with the Company's stockholders. Under the Omnibus Plan, awards may be granted in the form of options, restricted stock, restricted stock units, stock appreciation rights, Common Stock awards, cash-based awards and performance-based awards. On May 26, 2022, the Company filed a Form S-8 registration statement with the SEC, pursuant to which it registered 3,000,000 shares of Common Stock for issuance under the Omnibus Plan. As of September 30, 2023, the Company had remaining availability of 2,446,080 shares of Common Stock under the plan. Restricted Stock Units The Company’s Board of Directors (the "Board") has granted awards of restricted stock units ("RSUs") to certain of the Company’s employees under the Omnibus Plan. The Company did not grant any RSUs during the three and nine months ended September 30, 2023. The Company records stock-based compensation expense on a straight-line recognition method over the requisite service period for the entire award. Each RSU represents the right to receive one share of Common Stock at a future date. The RSUs vest over three years, with 1/3 vesting on March 15th each year. These RSUs will be settled within 30 days of vesting, and will accrue dividend equivalents, when and if declared, over the vesting period, which will be paid to the holder in cash or, at the discretion of the Compensation and Corporate Governance Committee of the Board, in the form of additional shares of Common Stock having a fair market value equal to the amount of such dividends upon vesting of the units. Forfeitures will be accounted for when they occur. The following tables represent the RSU activity for the nine months ended September 30, 2023 and 2022: Restricted Stock Units Weighted Average Grant Date Outstanding at January 1, 2023 674,312 $ 2.58 Granted — — Vested (153,202) 2.58 Forfeited (201,209) 2.58 Outstanding at September 30, 2023 319,901 $ 2.58 Expected to vest as of September 30, 2023 319,901 Restricted Stock Units Weighted Average Grant Date Outstanding at January 1, 2022 — $ — Granted 682,890 2.58 Vested — — Forfeited — — Outstanding at September 30, 2022 682,890 $ 2.58 Expected to vest as of September 30, 2022 682,890 As of September 30, 2023, the estimated remaining unrecognized compensation cost related to stock-based compensation arrangements was $585 thousand. The weighted average period over which this remaining compensation expense is expected to be recognized is 1.5 years. The following table presents the Company's stock-based compensation expense: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 General and administrative expense $ 81,411 $ 203,414 $ 176,741 $ 342,808 Transportation and distribution expense 29,458 29,610 26,472 41,575 Total $ 110,869 $ 233,024 $ 203,213 $ 384,383 DIVIDENDS On February 3, 2023, the Board suspended dividend payments on the Company's Common Stock and Series A Preferred Stock. The Series A Preferred Stock dividends are cumulative and will accrue at their stated rate during any period in which dividends are not paid. Any accrued Series A Preferred Stock dividends must be paid prior to the Company resuming common dividend payments. Based on the suspension of dividend payments to CorEnergy’s public equity holders, the Crimson Class A-1, Class A-2 and Class A-3 Units and CorEnergy’s Class B Common Stock will not receive dividend payments. As of September 30, 2023, the Company had $7.2 million in cumulative unpaid dividends related to its Series A Preferred Stock, which will be paid upon declaration by the Board or upon liquidation of the Company. The preferred return on the Crimson A-1 Units are pari passu to the Series A Preferred Stock dividends. As of September 30, 2023, the Company had $2.4 million in cumulative unpaid distributions related to the Crimson Class A-1 Units. NON-CONTROLLING INTEREST In February 2021, the Company completed the acquisition of a 49.50% voting interest in Crimson (the "Crimson Transaction"). John D. Grier, M. Bridget Grier and certain of their affiliated trusts (collectively, the "Grier Members") own the remaining 50.50% voting interest in Crimson. As part of the Crimson Transaction, the Company and the Grier Members entered into a Third Amended and Restated LLC Agreement of Crimson (the "Third LLC Agreement"). 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 September 30, 2023 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 % The Crimson Class A-1, Class A-2 and Class A-3 Units held by the Grier Members and the Crimson Class B-1 Units held by the Company represent economic interests in Crimson while the Crimson Class C-1 Units represent voting interests. Upon receipt of CPUC approval for a change of control of Crimson's CPUC-regulated assets ("CPUC Approval"), the parties will enter into a Fourth Amended and Restated LLC Agreement of Crimson (the "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 the right to exchange their entire interest in Crimson for securities of the Company as follows: • Crimson 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 Series A Preferred Stock. • Crimson Class A-2 Units will become exchangeable for up to 8,762,158 shares of the Company's non-listed Class B Common Stock. After the conversion of the Company's Class B Common Stock into Common Stock, the Class A-2 Units will be directly exchangeable for Common Stock. • Crimson Class A-3 Units will become exchangeable for up to 2,450,142 shares of the Company's non-listed Class B Common Stock. After the conversion of the Company's Class B Common Stock into Common Stock, the Class A-3 Units will be directly exchangeable for Common Stock. Class B Common Stock will eventually be converted into the Common Stock of the Company 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, Class A-2 and Class A-3 Units into corresponding Company securities (and after giving effect to the changes to the Company securities into which the Crimson Class A-1 and Class A-2 Units may be exchanged, as described above), the Grier Members only have the right to receive distributions to the extent that the Board determines dividends would be payable if they held the shares of Series A Preferred (for the Crimson Class A-1 Units), and Class B Common Stock (for the Crimson Class A-2 Units and Class A-3 Units), respectively, regardless of whether the securities are outstanding. If the respective shares of Series A Preferred and Class B Common Stock are not outstanding, the Board must consider that they would be outstanding when declaring dividends on the Common Stock. Following CPUC Approval, the terms of the Fourth LLC Agreement will provide that such rights will continue until the Grier Members elect to exchange the Crimson Class A-1, Class A-2 and Class A-3 Units for the corresponding securities of the Company. The following table summarizes the distributions payable under the Crimson Class A-1, Class A-2 and Class A-3 Units as if the Grier Members held the respective underlying Company securities. The Crimson Class A-1, Class A-2 and Class 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 Class A-1 Units 7.375% Series A Cumulative Redeemable Preferred Stock (1) $ 26.38 $ 1.84 Class A-2 Units Class B Common Stock (2)(3) N/A Varies (2) Class A-3 Units Class B Common Stock (2) (3) N/A Varies (2) (1) The Series A Preferred Stock will accumulate quarterly dividends and will be paid upon declaration by the Board. The liquidation preference is made up of the $25.00 liquidation preference and the $1.38 unpaid cumulative quarterly dividend for Q1, Q2, and Q3 of 2023. (2) 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) Cash Available for Distribution of the most recently completed quarter and (B) 1.25 multiplied by the Common Stock Base Dividend (as defined in footnote 2 below), divided by (ii) shares of Class B Common Stock issued and outstanding multiplied by 1.25. (3) (A) For the fiscal quarters of the Company ended June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, the Common Stock Base Dividend Per Share was $0.05 per share per quarter; (B) for the fiscal quarters of the Company ended June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, the Common Stock Base Dividend Per Share was $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 to Common Stock with respect to dividends.

EARNINGS (LOSS) PER SHARE

EARNINGS (LOSS) PER SHARE	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
EARNINGS (LOSS) PER SHARE	EARNINGS (LOSS) PER SHARE Basic and diluted loss per share data is computed using the two-class method based on the weighted average number of shares of Common Stock and Class B Common Stock outstanding during the periods. The undistributed earnings and losses are allocated between Common Stock and Class B Common Stock as if all earnings and losses had been distributed during the period. Common Stock and Class B Common Stock have equal rights to undistributed earnings and losses. The following table sets forth the computation of basic net loss and diluted net loss per share under the two-class method for the three and nine months ended September 30, 2023 and 2022. For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Numerator for basic and diluted loss per Common Stock and Class B Common Stock share: Net Loss $ (4,310,336) $ (15,501,704) $ (10,678,019) $ (8,966,821) Less: Net income attributable to non-controlling interests 809,212 809,212 2,427,636 2,427,636 Net Loss attributable to CorEnergy Infrastructure Trust, Inc. $ (5,119,548) $ (16,310,916) $ (13,105,655) $ (11,394,457) Less dividends / distributions: Preferred dividend requirements $ 2,388,130 $ 2,388,130 7,164,390 7,164,390 Common Stock dividends — 753,043 — 2,245,733 Total undistributed loss $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Common Stock undistributed loss - basic $ (7,187,583) $ (18,608,864) $ (19,404,323) $ (19,897,543) Class B Common Stock undistributed loss - basic (320,095) (843,225) (865,722) (907,037) Total undistributed loss - basic $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Common Stock undistributed loss - diluted $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Class B Common Stock undistributed loss - diluted (320,095) (843,225) (865,722) (907,037) Total undistributed loss - diluted $ (7,827,773) $ (20,295,314) $ (21,135,767) $ (21,711,617) Common Stock dividends $ — $ 753,043 $ — $ 2,245,733 Common Stock undistributed loss - basic (7,187,583) (18,608,864) (19,404,323) (19,897,543) Numerator for basic net loss per Common Stock share $ (7,187,583) $ (17,855,821) $ (19,404,323) $ (17,651,810) Class B Common Stock dividends $ — $ — $ — $ — Class B Common Stock undistributed loss - basic (320,095) (843,225) (865,722) (907,037) Numerator for basic net loss per Class B Common Stock share $ (320,095) $ (843,225) $ (865,722) $ (907,037) Common Stock dividends $ — $ 753,043 $ — $ 2,245,733 Common Stock undistributed loss - diluted (7,507,678) (19,452,089) (20,270,045) (20,804,580) Numerator for diluted net loss per Common Stock share $ (7,507,678) $ (18,699,046) $ (20,270,045) $ (18,558,847) Class B Common Stock dividends $ — $ — $ — $ — Class B Common Stock undistributed loss - diluted (320,095) (843,225) (865,722) (907,037) Numerator for diluted net loss per Class B Common Stock share $ (320,095) $ (843,225) $ (865,722) $ (907,037) Denominator for basic net loss per Common Stock and Class B Common Stock share: Common Stock weighted average shares outstanding - basic 15,353,513 15,089,708 15,325,852 14,999,570 Class B Common Stock weighted average shares outstanding - basic 683,761 683,761 683,761 683,761 Denominator for diluted net loss per Common Stock and Class B Common Stock share: Common Stock weighted average shares outstanding - diluted (1)(2) 15,818,470 15,554,665 15,790,809 15,464,527 Class B Common Stock weighted average shares outstanding - diluted (3) 683,761 683,761 683,761 683,761 Basic net loss per share: Common Stock $ (0.47) $ (1.18) $ (1.27) $ (1.18) Class B Common Stock (0.47) (1.23) (1.27) (1.33) Diluted net loss per share: Common Stock $ (0.47) $ (1.20) $ (1.28) $ (1.20) Class B Common Stock (0.47) (1.23) (1.27) (1.33) (1) For purposes of the diluted net loss per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted at a ratio of 1.00 Class B Common Stock share to 0.68 Common Stock share; therefore, 100.00% of undistributed losses are allocated to Common Stock. (2) For the three and nine months ended September 30, 2023 and 2022, 2,361,000 shares of Common Stock are excluded from the computation of diluted net loss per share because their effect would be antidilutive. These shares are related to the 5.875% Convertible Notes. (3) For purposes of the diluted net loss per share computation for Class B Common Stock, weighted average shares of Class B Common Stock are assumed not converted to Common Stock.

VARIABLE INTEREST ENTITY

VARIABLE INTEREST ENTITY	9 Months Ended
	Sep. 30, 2023
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% voting interest in Crimson and the Grier Members have held the remaining 50.50% voting interest. Crimson is a VIE because 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 Mr. Grier, who was appointed to the Board and as Chief Operating Officer of the Company 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, which has disproportionately few voting rights, including Mr. Grier as a de facto agent. 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 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, among other factors, (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) that 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) that Crimson's assets represent a substantial portion of the Company's total assets; and (iv) that the Grier Members' interest in Crimson Class A-1, Class A-2 and Class A-3 Units will earn distributions if the Board declares a common or preferred dividend for Series A Preferred Stock and Class B Common Stock. Therefore, CorEnergy is the primary beneficiary and consolidates the Crimson VIE and the Grier Members' equity ownership interest (after the working capital adjustment and paid-in-kind dividends), which 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. 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, LLC and Corridor MoGas, Inc. For the three and nine months ended September 30, 2023, the Company did not receive cash distributions from Crimson. For the three and nine months ended September 30, 2022, the Company received $3.5 million and $9.0 million, respectively, i n cash distributions from Crimson, which were made in compliance with the terms of the Crimson Credit Facility.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS As previously disclosed, Mr. Grier, a director and Chief Operating Officer of the Company, together with the Grier Members, own the Crimson Class A-1, Class A-2, and Class A-3 equity ownership interests in Crimson, which the Company has a right to acquire in the future following receipt of CPUC Approval. 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 September 30, 2023, the Company was owed $6 thousand from related parties, including CLM, CRE and Delta, which is included in "due from affiliated companies" in the Consolidated Balance Sheets. 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 Holdings will reduce a prepaid TSA (as defined below) liability on the Company's books until such time as the TSA liability is reduced to zero. As of September 30, 2023, the prepaid TSA liability related to Crescent Midstream Holdings was $138 thousand and recorded in "due to affiliated companies" in the Consolidated Balance Sheets. For the three and nine months ended September 30, 2023, Crimson billed costs and services related to TSAs and the Services Agreement (each as defined below) to related parties totaling $110 thousand and $363 thousand, respectively. For the three and nine months ended September 30, 2022, Crimson billed costs and services related to TSAs and the Services Agreement to related parties totaling $206 thousand and $890 thousand, 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 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 and certain of Crimson's subsidiaries 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 (the "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% to Crescent Midstream, LLC ("Crescent Midstream"), a wholly owned subsidiary of Crescent Midstream Holdings, and 50.0% to CLM, a 70.0%-owned subsidiary of Crescent Midstream. These TSA agreements ended on February 3, 2022 and Crimson entered into the Services Agreement (as defined below) 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 (the "Employee Sharing Agreement") 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, LLC ("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. 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. Effective February 1, 2023, Crimson Midstream Operating entered into a first amendment to the Services Agreement (the "Amended Services Agreement") to provide administrative-related services to Crescent Midstream Holdings through February 1, 2024, or upon receipt of Crescent Midstream Holdings' written notice to terminate the Amended Services Agreement prior to February 1, 2024. Under the Amended Services Agreement, Crimson and/or certain of its subsidiaries are reimbursed at a fixed fee of approximately $13 thousand per month.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2023
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 and has determined that there were no reportable events that occurred during that subsequent period to be disclosed or recorded.

INTRODUCTION AND BASIS OF PRE_2

INTRODUCTION AND BASIS OF PRESENTATION (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited 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 unaudited 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 unaudited 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.
Basis of Consolidation	In preparing the unaudited consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and revenues and expenses for the period. Actual results could differ significantly from those estimates.
Recent Accounting Pronouncements	RECENT ACCOUNTING PRONOUNCEMENTS In June of 2016, the FASB issued Accounting Standards Update ("ASU") 2016-13 " Financial Instruments - Credit Losses
Trade receivables	Trade receivables - Accounts receivable from the transportation and distribution of crude oil and natural gas are generally settled with counterparties within 60 days of the service month. The Company has a high historical rate of collectability of
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 carrying value of financing notes receivable approximates fair value. The Company uses the discounted cash flow method to estimate expected credit losses and also reviews other factors that may affect the collectability of the balance, including timeliness of required payments, past due status and discussions with obligors. There are no past due payments associated with the loan. 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 or net realizable value. Secured Credit Facilities — The fair value of the Company's long-term variable-rate debt under its secured credit facilities approximates carrying value. Unsecured Convertible Senior Notes — The fair value of the 5.875% Convertible Notes is estimated using quoted market prices from either active (Level 1) or generally active (Level 2) markets.

HELD-FOR-SALE (Tables)

HELD-FOR-SALE (Tables)	9 Months Ended
	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Schedule of Held for Sale	The pre-tax profit from the disposal group held for sale is summarized in the table below for each period the statement of operations is presented: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Pre-tax profit (1) $ 1,150,591 $ (616,079) $ 3,000,379 $ 3,601,156 Allocated interest related to the sale to repay the Crimson Credit Facility 2,601,032 1,584,924 7,635,380 4,278,117 (1) The Company is contractually obligated to use the proceeds from the anticipated sale to repay the Crimson Credit Facility. As such, the aforementioned pre-tax profit includes allocated interest related to the sale and repayment of the Crimson Credit Facility. Held-for-Sale Balance Sheet September 30, 2023 Assets (Unaudited) Property and equipment, net of accumulated depreciation of $30,077,502 $ 99,237,947 Leased property, net of accumulated depreciation of $309,778 1,216,249 Cash and cash equivalents (1) 6,194,608 Accounts and other receivables 2,579,532 Inventory 145,950 Prepaid expenses and other assets 868,585 Operating right-of-use assets 63,550 Total Assets $ 110,306,421 Liabilities Accounts payable and other accrued liabilities 1,410,475 Operating lease liability 35,800 Deferred tax liability, net (2) 655,151 Unearned revenue 5,059,367 Total Liabilities $ 7,160,793 (1) The Company has elected to disclose 100% of the disposal group cash and cash equivalent balance as held for sale, however, the Company only expects a minimal amount of cash necessary for day-to-day operations will ultimately be transferred in the sale. (2) The deferred tax liability is recorded within certain parent entities that are not part of the disposal group, however, because the liability was generated from the operations of the disposal group, the Company has included it within liabilities held-for-sale on the Consolidated Balance Sheet.

TRANSPORTATION AND DISTRIBUTI_2

TRANSPORTATION AND DISTRIBUTION REVENUE (Tables)	9 Months Ended
	Sep. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Contract with Customer, Asset and Liability	The table below summarizes the Company's contract liability balance related to its transportation and distribution revenue contracts: Contract Liability (1) September 30, 2023 December 31, 2022 Beginning Balance January 1 $ 5,927,873 $ 5,339,364 Unrecognized Performance Obligations 294,997 1,175,824 Recognized Performance Obligations (664,782) (587,315) Ending Balance (2) $ 5,558,088 $ 5,927,873 (1) As of September 30, 2023, the contract liability balance is included in unearned revenue (Crimson portion) and liabilities held-for-sale (MoGas and Omega portion) in the Consolidated Balance Sheets. As of December 31, 2022, the contract liability balance was included in unearned revenue in the Consolidated Balance Sheets. (2) As of September 30, 2023, the contract liability balance for MoGas and Omega was $5.1 million and is recorded in liabilities held-for-sale on the Consolidated Balance Sheets.
Schedule of Concentration of Risk	The following is a breakout of the Company's transportation and distribution revenue for the three and nine months ended September 30, 2023 and 2022: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Crude oil transportation revenue $ 23,259,963 81 % $ 26,099,075 84 % $ 70,332,482 81 % $ 73,201,850 82 % Natural gas transportation revenue 3,594,334 12 % 3,572,522 11 % 10,943,272 13 % 11,711,243 13 % Natural gas distribution revenue 1,269,927 4 % 1,229,040 4 % 3,780,008 4 % 3,663,206 4 % Other 738,315 3 % 372,856 1 % 1,586,524 2 % 961,822 1 % Total $ 28,862,539 100 % $ 31,273,493 100 % $ 86,642,286 100 % $ 89,538,121 100 %

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2023
Leases [Abstract]
Schedule of Information Regarding Operating Leases	The Company noted the following information regarding its operating leases for the three and nine months ended September 30, 2023 and 2022: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Lease cost: Operating lease cost $ 319,585 $ 446,601 $ 1,301,515 $ 1,339,803 Other Information: Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 100,857 $ 341,186 $ 1,131,383 $ 1,441,220 Supplemental disclosure of non-cash leasing activities: Right-of-use assets obtained in exchange for new operating lease liabilities $ 97,415 $ — $ 2,330,936 $ — The following table reflects the weighted average lease term and discount rate for leases in which the Company is a lessee: September 30, 2023 December 31, 2022 Weighted average remaining lease term - operating leases (in years) 10.2 11.0 Weighted average discount rate - operating leases 8.44 % 7.45 %

INCOME TAXES (Tables)

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Components of Deferred Tax Assets and Liabilities	Components of the Company's deferred tax assets and liabilities as of September 30, 2023 and December 31, 2022, are as follows: Deferred Tax Assets and Liabilities September 30, 2023 December 31, 2022 Deferred Tax Assets: Deferred contract revenue $ — $ 1,230,985 Net operating loss carryforwards 148,742 7,027,439 Capital loss carryforward — 92,418 Other — 338 Sub-total $ 148,742 $ 8,351,180 Valuation allowance — (5,168,148) Sub-total $ 148,742 $ 3,183,032 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ — $ (4,386,744) Other — (88,588) Sub-total $ — $ (4,475,332) Total net deferred tax asset (liability) $ 148,742 $ (1,292,300) Deferred Tax Assets and Liabilities - Held-For-Sale September 30, 2023 Deferred Tax Assets: Deferred contract revenue $ 1,104,815 Net operating loss carryforwards 7,169,734 Capital loss carryforward 92,418 Other 317 Sub-total $ 8,367,284 Valuation allowance (3,663,938) Sub-total $ 4,703,346 Deferred Tax Liabilities: Cost recovery of leased and fixed assets $ (5,256,622) Other (101,875) Sub-total $ (5,358,497) Total net deferred tax liability (1) $ (655,151) (1) The deferred tax liability is recorded within certain parent entities that are not part of the disposal group, however, because the liability was generated from the operations of the disposal group, the Company has included it within liabilities held-for-sale on the Consolidated Balance Sheet.
Schedule of 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 For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Current tax expense Federal $ 2,117 $ 31,781 $ 10,550 $ 238,587 State (net of federal tax expense) 319 3,406 1,587 104,521 Total current tax expense $ 2,436 $ 35,187 $ 12,137 $ 343,108 Deferred tax expense (benefit) Federal $ 602,142 $ 5,004 $ (200,981) $ 77,784 State (net of federal tax expense) (441,734) 1,178 (584,910) 16,820 Total deferred tax expense (benefit) $ 160,408 $ 6,182 $ (785,891) $ 94,604 Total income tax expense (benefit), net $ 162,844 $ 41,369 $ (773,754) $ 437,712

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment consist of the following: Property and Equipment September 30, 2023 December 31, 2022 Land $ 24,303,454 $ 24,989,784 Crude oil pipelines 193,310,961 185,047,366 Natural gas pipeline — 105,322,987 Right-of-way agreements 65,159,200 87,206,374 Pipeline related facilities 46,958,495 42,647,865 Tanks 35,002,009 33,092,825 Vehicles, trailers and other equipment 1,811,967 2,684,993 Office equipment and computers 1,834,046 1,569,698 Construction work in progress 7,328,790 10,495,266 Gross property and equipment $ 375,708,922 $ 493,057,158 Less: accumulated depreciation (33,417,433) (52,908,191) Net property and equipment $ 342,291,489 $ 440,148,967 Held-for-sale property and equipment consist of the following: Property and Equipment September 30, 2023 Land 686,330 Natural gas pipeline 105,387,405 Right-of-way agreements 22,047,174 Vehicles, trailers and other equipment 876,686 Office equipment and computers 268,559 Construction work in process 49,294 Gross Property and equipment $ 129,315,448 Less: accumulated depreciation (30,077,501) Net property and equipment $ 99,237,947

FAIR VALUE (Tables)

FAIR VALUE (Tables)	9 Months Ended
	Sep. 30, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying and Fair Value Amounts	Carrying and Fair Value Amounts Level within fair value hierarchy September 30, 2023 December 31, 2022 Carrying Amount (1) Fair Value Carrying Amount (1) Fair Value 5.875% Convertible Notes Level 2 $ 116,816,803 $ 93,259,500 $ 116,323,530 $ 79,093,500 (1) The carrying value of debt balances are presented net of unamortized original issuance discount and debt issuance costs.

DEBT (Tables)

DEBT (Tables)	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following is a summary of the Company's debt facilities and balances as of September 30, 2023 and December 31, 2022: Total Commitment Quarterly Principal Payments (2) September 30, 2023 December 31, 2022 Maturity Amount Outstanding Interest Amount Outstanding Interest Crimson Credit Facility: Crimson Revolver $ 50,000,000 $ — 5/3/2024 $ 45,000,000 10.20 % $ 35,000,000 8.41 % Crimson Term Loan 80,000,000 3,000,000 5/3/2024 59,000,000 10.20 % 66,000,000 8.22 % Crimson Uncommitted Incremental Credit Facility 25,000,000 — 5/3/2024 — — % — — % 5.875% Convertible Notes 120,000,000 — 8/15/2025 118,050,000 5.875 % 118,050,000 5.875 % Total Debt $ 222,050,000 $ 219,050,000 Less: Unamortized deferred financing costs on 5.875% Convertible Notes $ 156,134 $ 218,587 Unamortized discount on 5.875% Convertible Notes 1,077,063 1,507,883 Unamortized deferred financing costs on Crimson Term Loan (1) 283,965 665,547 Total Debt, net of deferred financing costs $ 220,532,838 $ 216,657,983 Debt due within one year $ 104,000,000 $ 10,000,000 (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. (2) The required quarterly principal payments increased from $2.0 million to $3.0 million beginning with the payment due September 30, 2023. A summary of the Crimson Credit Facility interest expense and deferred debt cost amortization expense for the three and nine months ended September 30, 2023 and 2022 is as follows: Crimson Credit Facility Interest Expense For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Interest Expense $ 2,652,829 $ 1,446,620 $ 7,605,854 $ 3,811,763 Deferred Debt Cost Amortization Expense (1)(2) 174,735 247,635 619,934 742,905 Less: Capitalized Interest 226,532 109,331 590,408 276,551 Total Crimson Credit Facility Interest Expense $ 2,601,032 $ 1,584,924 $ 7,635,380 $ 4,278,117 (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 Notes Interest Expense table below.
Schedule of Contractual Payments	The remaining contractual principal payments as of September 30, 2023 under the Crimson Credit Facility are as follows: Year Crimson Term Loan Crimson Revolver Total 2023 $ 3,000,000 $ — $ 3,000,000 2024 56,000,000 45,000,000 101,000,000 Total Remaining Contractual Payments $ 59,000,000 $ 45,000,000 $ 104,000,000
Schedule of Convertible Note Interest Expense	A summary of the 5.875% Convertible Notes interest expense, discount amortization, and deferred debt issuance amortization expense for the three and nine months ended September 30, 2023 and 2022 is as follows: Convertible Note Interest Expense For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 5.875% Convertible Notes: Interest Expense $ 1,733,859 $ 1,733,859 $ 5,201,577 $ 5,201,577 Discount Amortization 143,607 143,607 430,821 430,821 Deferred Debt Issuance Amortization 20,818 20,818 62,454 62,454 Total 5.875% Convertible Note Interest Expense $ 1,898,284 $ 1,898,284 $ 5,694,852 $ 5,694,852

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
Schedule of Restrict Stock Unit Activity	The following tables represent the RSU activity for the nine months ended September 30, 2023 and 2022: Restricted Stock Units Weighted Average Grant Date Outstanding at January 1, 2023 674,312 $ 2.58 Granted — — Vested (153,202) 2.58 Forfeited (201,209) 2.58 Outstanding at September 30, 2023 319,901 $ 2.58 Expected to vest as of September 30, 2023 319,901 Restricted Stock Units Weighted Average Grant Date Outstanding at January 1, 2022 — $ — Granted 682,890 2.58 Vested — — Forfeited — — Outstanding at September 30, 2022 682,890 $ 2.58 Expected to vest as of September 30, 2022 682,890
Schedule of Stock-Based Compensation Expense	The following table presents the Company's stock-based compensation expense: For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 General and administrative expense $ 81,411 $ 203,414 $ 176,741 $ 342,808 Transportation and distribution expense 29,458 29,610 26,472 41,575 Total $ 110,869 $ 233,024 $ 203,213 $ 384,383
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 September 30, 2023 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 %
Schedule of Distributions Payable	The following table summarizes the distributions payable under the Crimson Class A-1, Class A-2 and Class A-3 Units as if the Grier Members held the respective underlying Company securities. The Crimson Class A-1, Class A-2 and Class 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 Class A-1 Units 7.375% Series A Cumulative Redeemable Preferred Stock (1) $ 26.38 $ 1.84 Class A-2 Units Class B Common Stock (2)(3) N/A Varies (2) Class A-3 Units Class B Common Stock (2) (3) N/A Varies (2) (1) The Series A Preferred Stock will accumulate quarterly dividends and will be paid upon declaration by the Board. The liquidation preference is made up of the $25.00 liquidation preference and the $1.38 unpaid cumulative quarterly dividend for Q1, Q2, and Q3 of 2023. (2) 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) Cash Available for Distribution of the most recently completed quarter and (B) 1.25 multiplied by the Common Stock Base Dividend (as defined in footnote 2 below), divided by (ii) shares of Class B Common Stock issued and outstanding multiplied by 1.25. (3) (A) For the fiscal quarters of the Company ended June 30, 2021, September 30, 2021, December 31, 2021 and March 31, 2022, the Common Stock Base Dividend Per Share was $0.05 per share per quarter; (B) for the fiscal quarters of the Company ended June 30, 2022, September 30, 2022, December 31, 2022 and March 31, 2023, the Common Stock Base Dividend Per Share was $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 to Common Stock with respect to dividends.

EARNINGS (LOSS) PER SHARE (Tabl

EARNINGS (LOSS) PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2023
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings (Loss) Per Share	The following table sets forth the computation of basic net loss and diluted net loss per share under the two-class method for the three and nine months ended September 30, 2023 and 2022. For the Three Months Ended For the Nine Months Ended September 30, 2023 September 30, 2022 September 30, 2023 September 30, 2022 Numerator for basic and diluted loss per Common Stock and Class B Common Stock share: Net Loss $ (4,310,336) $ (15,501,704) $ (10,678,019) $ (8,966,821) Less: Net income attributable to non-controlling interests 809,212 809,212 2,427,636 2,427,636 Net Loss attributable to CorEnergy Infrastructure Trust, Inc. $ (5,119,548) $ (16,310,916) $ (13,105,655) $ (11,394,457) Less dividends / distributions: Preferred dividend requirements $ 2,388,130 $ 2,388,130 7,164,390 7,164,390 Common Stock dividends — 753,043 — 2,245,733 Total undistributed loss $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Common Stock undistributed loss - basic $ (7,187,583) $ (18,608,864) $ (19,404,323) $ (19,897,543) Class B Common Stock undistributed loss - basic (320,095) (843,225) (865,722) (907,037) Total undistributed loss - basic $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Common Stock undistributed loss - diluted $ (7,507,678) $ (19,452,089) $ (20,270,045) $ (20,804,580) Class B Common Stock undistributed loss - diluted (320,095) (843,225) (865,722) (907,037) Total undistributed loss - diluted $ (7,827,773) $ (20,295,314) $ (21,135,767) $ (21,711,617) Common Stock dividends $ — $ 753,043 $ — $ 2,245,733 Common Stock undistributed loss - basic (7,187,583) (18,608,864) (19,404,323) (19,897,543) Numerator for basic net loss per Common Stock share $ (7,187,583) $ (17,855,821) $ (19,404,323) $ (17,651,810) Class B Common Stock dividends $ — $ — $ — $ — Class B Common Stock undistributed loss - basic (320,095) (843,225) (865,722) (907,037) Numerator for basic net loss per Class B Common Stock share $ (320,095) $ (843,225) $ (865,722) $ (907,037) Common Stock dividends $ — $ 753,043 $ — $ 2,245,733 Common Stock undistributed loss - diluted (7,507,678) (19,452,089) (20,270,045) (20,804,580) Numerator for diluted net loss per Common Stock share $ (7,507,678) $ (18,699,046) $ (20,270,045) $ (18,558,847) Class B Common Stock dividends $ — $ — $ — $ — Class B Common Stock undistributed loss - diluted (320,095) (843,225) (865,722) (907,037) Numerator for diluted net loss per Class B Common Stock share $ (320,095) $ (843,225) $ (865,722) $ (907,037) Denominator for basic net loss per Common Stock and Class B Common Stock share: Common Stock weighted average shares outstanding - basic 15,353,513 15,089,708 15,325,852 14,999,570 Class B Common Stock weighted average shares outstanding - basic 683,761 683,761 683,761 683,761 Denominator for diluted net loss per Common Stock and Class B Common Stock share: Common Stock weighted average shares outstanding - diluted (1)(2) 15,818,470 15,554,665 15,790,809 15,464,527 Class B Common Stock weighted average shares outstanding - diluted (3) 683,761 683,761 683,761 683,761 Basic net loss per share: Common Stock $ (0.47) $ (1.18) $ (1.27) $ (1.18) Class B Common Stock (0.47) (1.23) (1.27) (1.33) Diluted net loss per share: Common Stock $ (0.47) $ (1.20) $ (1.28) $ (1.20) Class B Common Stock (0.47) (1.23) (1.27) (1.33) (1) For purposes of the diluted net loss per share computation for Common Stock, all shares of Class B Common Stock are assumed to be converted at a ratio of 1.00 Class B Common Stock share to 0.68 Common Stock share; therefore, 100.00% of undistributed losses are allocated to Common Stock. (2) For the three and nine months ended September 30, 2023 and 2022, 2,361,000 shares of Common Stock are excluded from the computation of diluted net loss per share because their effect would be antidilutive. These shares are related to the 5.875% Convertible Notes. (3) For purposes of the diluted net loss per share computation for Class B Common Stock, weighted average shares of Class B Common Stock are assumed not converted to Common Stock.

INTRODUCTION AND BASIS OF PRE_3

INTRODUCTION AND BASIS OF PRESENTATION (Details) - USD ($) $ / shares in Units, $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Sep. 12, 2023	May 25, 2023	Feb. 04, 2021
Discontinued Operations, Held-for-sale | MoGas Pipeline and Omega Pipeline Systems
Schedule of Equity Method Investments [Line Items]
Cash				$ 175
Line of Credit | Crimson Credit Facility
Schedule of Equity Method Investments [Line Items]
Maximum borrowing capacity	$ 155				$ 155
Convertible Debt | 5.875% Convertible Notes
Schedule of Equity Method Investments [Line Items]
Interest Rate	5.875%	5.875%	5.875%
Common Class A
Schedule of Equity Method Investments [Line Items]
Common stock, par value (in dollars per share)	$ 0.001
Series A Cumulative Redeemable Preferred Stock
Schedule of Equity Method Investments [Line Items]
Preferred stock interest rate	7.375%	7.375%
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class B Common Stock
Schedule of Equity Method Investments [Line Items]
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Jan. 01, 2023	Dec. 31, 2022
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Settled with counterparties	60 days
Percentage of revenue collectible	99%
Retained earnings	$ (346,940,752)		$ (333,785,097)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2016-13
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Retained earnings		$ 50,000

HELD-FOR-SALE - Narrative (Deta

HELD-FOR-SALE - Narrative (Details) - USD ($) $ in Millions	Sep. 30, 2023	Sep. 12, 2023	May 25, 2023	Dec. 31, 2022
Discontinued Operations, Held-for-sale | MoGas Pipeline and Omega Pipeline Systems
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash			$ 175
5.875% Convertible Notes | Convertible Debt
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest Rate	5.875%	5.875%		5.875%

HELD-FOR-SALE - MoGas and Omega

HELD-FOR-SALE - MoGas and Omega Pipeline Systems (Details) - Discontinued Operations, Held-for-sale - MoGas Pipeline and Omega Pipeline Systems - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Pre-tax profit	$ 1,150,591	$ (616,079)	$ 3,000,379	$ 3,601,156
Allocated interest related to the sale to repay the Crimson Credit Facility	$ 2,601,032	$ 1,584,924	$ 7,635,380	$ 4,278,117

HELD-FOR-SALE - Balance Sheet (

HELD-FOR-SALE - Balance Sheet (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Assets
Accumulated depreciation, property and equipment	$ 33,417,433	$ 52,908,191
Total Assets	110,306,421	0
Liabilities
Total Liabilities	7,160,793	$ 0
Discontinued Operations, Held-for-sale
Assets
Accumulated depreciation, property and equipment	30,077,501
Discontinued Operations, Held-for-sale | MoGas Pipeline and Omega Pipeline Systems
Assets
Accumulated depreciation, property and equipment	30,077,502
Property and equipment, net of accumulated depreciation of $30,077,502	99,237,947
Accumulated depreciation, leased property	309,778
Leased property, net of accumulated depreciation of $309,778	1,216,249
Cash and cash equivalents	6,194,608
Accounts and other receivables	2,579,532
Inventory	145,950
Prepaid expenses and other assets	868,585
Operating right-of-use assets	63,550
Total Assets	110,306,421
Liabilities
Accounts payable and other accrued liabilities	1,410,475
Operating lease liability	35,800
Deferred tax liability, net	655,151
Unearned revenue	5,059,367
Total Liabilities	$ 7,160,793

TRANSPORTATION AND DISTRIBUTI_3

TRANSPORTATION AND DISTRIBUTION REVENUE - Narrative (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Revenue from Contract with Customer [Abstract]
Capitalized contract cost	$ 684

TRANSPORTATION AND DISTRIBUTI_4

TRANSPORTATION AND DISTRIBUTION REVENUE - Contract Assets and Liabilities (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2023	Dec. 31, 2022
Discontinued Operations, Held-for-sale | MoGas Pipeline and Omega Pipeline Systems
Change In Contract With Customer, Liability [Roll Forward]
Unearned revenue	$ 5,059,367
Transportation and distribution
Change In Contract With Customer, Liability [Roll Forward]
Beginning Balance	5,927,873	$ 5,339,364
Unrecognized Performance Obligations	294,997	1,175,824
Recognized Performance Obligations	(664,782)	(587,315)
Ending Balance	$ 5,558,088	$ 5,927,873

TRANSPORTATION AND DISTRIBUTI_5

TRANSPORTATION AND DISTRIBUTION REVENUE - Schedules of Concentration of Risk (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Transportation and distribution
Concentration Risk [Line Items]
Revenue from contracts with customers	$ 28,862,539	$ 31,273,493	$ 86,642,286	$ 89,538,121
Crude oil transportation revenue
Concentration Risk [Line Items]
Revenue from contracts with customers	23,259,963	26,099,075	70,332,482	73,201,850
Natural gas transportation revenue
Concentration Risk [Line Items]
Revenue from contracts with customers	3,594,334	3,572,522	10,943,272	11,711,243
Natural gas distribution revenue
Concentration Risk [Line Items]
Revenue from contracts with customers	1,269,927	1,229,040	3,780,008	3,663,206
Other
Concentration Risk [Line Items]
Revenue from contracts with customers	$ 738,315	$ 372,856	$ 1,586,524	$ 961,822
Product and services | Revenue | Transportation and distribution
Concentration Risk [Line Items]
Concentration percentage	100%	100%	100%	100%
Product and services | Revenue | Crude oil transportation revenue
Concentration Risk [Line Items]
Concentration percentage	81%	84%	81%	82%
Product and services | Revenue | Natural gas transportation revenue
Concentration Risk [Line Items]
Concentration percentage	12%	11%	13%	13%
Product and services | Revenue | Natural gas distribution revenue
Concentration Risk [Line Items]
Concentration percentage	4%	4%	4%	4%
Product and services | Revenue | Other
Concentration Risk [Line Items]
Concentration percentage	3%	1%	2%	1%

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases [Abstract]
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 97,000	$ 97,415	$ 0	$ 2,330,936	$ 0

LEASES - Information Regarding

LEASES - Information Regarding Operating Leases (Details) - USD ($)	1 Months Ended	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Lease cost:
Operating lease cost		$ 319,585	$ 446,601	$ 1,301,515	$ 1,339,803
Other Information:
Operating cash flows from operating leases		100,857	341,186	1,131,383	1,441,220
Supplemental disclosure of non-cash leasing activities:
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 97,000	$ 97,415	$ 0	$ 2,330,936	$ 0
Weighted average remaining lease term - operating leases (in years)	10 years 2 months 12 days	10 years 2 months 12 days		10 years 2 months 12 days		11 years
Weighted average discount rate - operating leases	8.44%	8.44%		8.44%		7.45%

FINANCING NOTES RECEIVABLE (Det

FINANCING NOTES RECEIVABLE (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Dec. 31, 2022	Dec. 12, 2018
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable, interest rate	12%
Monthly principal payments	$ 24,000
Financing receivable	659,432	$ 858,079
Reserve for financing notes	50,000	600,000
Notes Receivable
Financing Receivable, Allowance for Credit Loss [Line Items]
Financing receivable			$ 1,300,000
Financing receivable	659,000	858,000
Reserve for financing notes	$ 50,000	$ 0

INCOME TAXES - Deferred Tax Ass

INCOME TAXES - Deferred Tax Assets and Liabilities (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Deferred Tax Assets:
Deferred contract revenue	$ 0	$ 1,230,985
Net operating loss carryforwards	148,742	7,027,439
Capital loss carryforward	0	92,418
Other	0	338
Sub-total	148,742	8,351,180
Valuation allowance	0	(5,168,148)
Sub-total	148,742	3,183,032
Deferred Tax Liabilities:
Cost recovery of leased and fixed assets	0	(4,386,744)
Other	0	(88,588)
Sub-total	0	(4,475,332)
Total net deferred tax asset (liability)	148,742
Total net deferred tax asset (liability)		$ (1,292,300)
Discontinued Operations, Held-for-sale
Deferred Tax Assets:
Deferred contract revenue	1,104,815
Net operating loss carryforwards	7,169,734
Capital loss carryforward	92,418
Other	317
Sub-total	8,367,284
Valuation allowance	(3,663,938)
Sub-total	4,703,346
Deferred Tax Liabilities:
Cost recovery of leased and fixed assets	(5,256,622)
Other	(101,875)
Sub-total	(5,358,497)
Total net deferred tax asset (liability)	$ (655,151)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($)	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 30,200,000		$ 29,200,000
Operating loss carryforwards, not subject to expiration	27,900,000		26,400,000
Valuation allowance	$ 0		5,168,148
Effective tax rate	(24.90%)	24.40%
Capital Loss Carryforward | Corridor Private
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 92,000		92,000
Capital Loss Carryforward | Corridor MoGas
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ 3,600,000		$ 5,200,000

INCOME TAXES - Components of In

INCOME TAXES - Components of Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Current tax expense
Federal	$ 2,117	$ 31,781	$ 10,550	$ 238,587
State (net of federal tax expense)	319	3,406	1,587	104,521
Total current tax expense	2,436	35,187	12,137	343,108
Deferred tax expense (benefit)
Federal	602,142	5,004	(200,981)	77,784
State (net of federal tax expense)	(441,734)	1,178	(584,910)	16,820
Total deferred tax expense (benefit)	160,408	6,182	(785,891)	94,604
Income tax expense (benefit), net	$ 162,844	$ 41,369	$ (773,754)	$ 437,712

PROPERTY AND EQUIPMENT (Details

PROPERTY AND EQUIPMENT (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 375,708,922		$ 375,708,922		$ 493,057,158
Less: accumulated depreciation	(33,417,433)		(33,417,433)		(52,908,191)
Net property and equipment	342,291,489		342,291,489		440,148,967
Depreciation expense	3,400,000	$ 4,000,000	10,600,000	$ 11,900,000
Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	129,315,448		129,315,448
Less: accumulated depreciation	(30,077,501)		(30,077,501)
Net property and equipment	99,237,947		99,237,947
Depreciation expense	0		785,000
Land
Property, Plant and Equipment [Line Items]
Gross property and equipment	24,303,454		24,303,454		24,989,784
Land | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	686,330		686,330
Crude oil pipelines
Property, Plant and Equipment [Line Items]
Gross property and equipment	193,310,961		193,310,961		185,047,366
Natural gas pipeline
Property, Plant and Equipment [Line Items]
Gross property and equipment	0		0		105,322,987
Natural gas pipeline | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	105,387,405		105,387,405
Right-of-way agreements
Property, Plant and Equipment [Line Items]
Gross property and equipment	65,159,200		65,159,200		87,206,374
Right-of-way agreements | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	22,047,174		22,047,174
Pipeline related facilities
Property, Plant and Equipment [Line Items]
Gross property and equipment	46,958,495		46,958,495		42,647,865
Tanks
Property, Plant and Equipment [Line Items]
Gross property and equipment	35,002,009		35,002,009		33,092,825
Vehicles, trailers and other equipment
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,811,967		1,811,967		2,684,993
Vehicles, trailers and other equipment | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	876,686		876,686
Office equipment and computers
Property, Plant and Equipment [Line Items]
Gross property and equipment	1,834,046		1,834,046		1,569,698
Office equipment and computers | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	268,559		268,559
Construction work in progress
Property, Plant and Equipment [Line Items]
Gross property and equipment	7,328,790		7,328,790		$ 10,495,266
Construction work in progress | Discontinued Operations, Held-for-sale
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 49,294		$ 49,294

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended	9 Months Ended
	Mar. 15, 2023	Sep. 30, 2023	Sep. 30, 2023
Loss Contingencies [Line Items]
Incurred cost			$ 2,000
Severance costs			$ 422
Cash Unit
Loss Contingencies [Line Items]
Amount received in future (in usd per share)	$ 1
Cash Unit | Tranche one
Loss Contingencies [Line Items]
Vesting rights percentage			33.33%
Cash Unit | Tranche two
Loss Contingencies [Line Items]
Vesting rights percentage			33.33%
Cash Unit | Tranche three
Loss Contingencies [Line Items]
Vesting rights percentage			33.33%
Cash Unit | Omnibus Equity Incentive Plan
Loss Contingencies [Line Items]
Value of shares awarded	$ 2,100
Vesting period			3 years
Stock-based compensation expense		$ 171	$ 370
California Bonds Indemnification
Loss Contingencies [Line Items]
Premium for bonds outstanding		$ 148	$ 148

FAIR VALUE (Details)

FAIR VALUE (Details) - Convertible Debt - 5.875% Convertible Notes - USD ($)	Sep. 30, 2023	Sep. 12, 2023	Dec. 31, 2022
Financial Liabilities:
Interest Rate	5.875%	5.875%	5.875%
Carrying Amount | Level 2
Financial Liabilities:
5.875% Convertible Notes	$ 116,816,803		$ 116,323,530
Fair Value | Level 2
Financial Liabilities:
5.875% Convertible Notes	$ 93,259,500		$ 79,093,500

DEBT - Schedule of Debt (Detail

DEBT - Schedule of Debt (Details) - USD ($)	3 Months Ended	6 Months Ended	9 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2023	Sep. 12, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Amount Outstanding	$ 222,050,000		$ 222,050,000		$ 219,050,000
Unamortized deferred financing costs on 5.875% Convertible Notes	283,965		283,965		665,547
Total Debt, net of deferred financing costs	220,532,838		220,532,838		216,657,983
Debt due within one year	104,000,000		104,000,000		10,000,000
Crimson Credit Facility
Debt Instrument [Line Items]
Unamortized deferred financing costs on Crimson Term Loan	283,965		283,965		665,547
Line of Credit | Crimson Credit Facility
Debt Instrument [Line Items]
Total Debt, net of deferred financing costs	104,000,000		104,000,000
Quarterly payments	3,000,000	$ 2,000,000
Line of Credit | Crimson Revolver | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	50,000,000		50,000,000
Quarterly Principal Payments			0
Amount Outstanding	$ 45,000,000		$ 45,000,000		$ 35,000,000
Interest Rate	10.20%		10.20%		8.41%
Total Debt, net of deferred financing costs	$ 45,000,000		$ 45,000,000
Line of Credit | Crimson Term Loan | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	80,000,000		80,000,000
Quarterly Principal Payments			3,000,000
Amount Outstanding	$ 59,000,000		$ 59,000,000		$ 66,000,000
Interest Rate	10.20%		10.20%		8.22%
Total Debt, net of deferred financing costs	$ 59,000,000		$ 59,000,000
Line of Credit | Uncommitted Incremental Facility | Crimson Credit Facility
Debt Instrument [Line Items]
Total Commitment or Original Principal	25,000,000		25,000,000
Quarterly Principal Payments			0
Amount Outstanding	$ 0		$ 0		$ 0
Interest Rate	0%		0%		0%
Convertible Debt | 5.875% Convertible 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		$ 118,050,000
Interest Rate	5.875%		5.875%	5.875%	5.875%
Unamortized deferred financing costs on 5.875% Convertible Notes	$ 156,134		$ 156,134		$ 218,587
Unamortized discount on 5.875% Convertible Notes	$ 1,077,063		$ 1,077,063		$ 1,507,883

DEBT - Narrative (Details)

DEBT - Narrative (Details)	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Jun. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022	Sep. 12, 2023	Aug. 14, 2023	Aug. 13, 2023	Dec. 31, 2022 USD ($)	Feb. 04, 2021 USD ($)
Debt Instrument [Line Items]
Notes payable	$ 0			$ 0					$ 3,500,000
Bears interest percent	5.70%			5.70%
Crimson Credit Facility | Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 155,000,000			$ 155,000,000						$ 155,000,000
Leverage ratio			2.75						2.50
Quarterly payments	3,000,000		$ 2,000,000
Ratio of covenant requirement							3.75	2.50
Crimson Credit Facility | Line of Credit | Crimson Revolver
Debt Instrument [Line Items]
Maximum borrowing capacity	50,000,000			50,000,000
Crimson Credit Facility | Line of Credit | Crimson Term Loan
Debt Instrument [Line Items]
Maximum borrowing capacity	80,000,000			80,000,000
Crimson Credit Facility | Line of Credit | Uncommitted Incremental Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 25,000,000			$ 25,000,000
5.875% Convertible Notes | Convertible Debt
Debt Instrument [Line Items]
Interest Rate	5.875%			5.875%		5.875%			5.875%
Effective interest rate in percentage	6.40%	6.40%		6.40%	6.40%

DEBT - Contractual Payments (De

DEBT - Contractual Payments (Details) - USD ($)	Sep. 30, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total Debt, net of deferred financing costs	$ 220,532,838	$ 216,657,983
Line of Credit | Crimson Credit Facility
Debt Instrument [Line Items]
2023	3,000,000
2024	101,000,000
Total Debt, net of deferred financing costs	104,000,000
Line of Credit | Crimson Credit Facility | Crimson Term Loan
Debt Instrument [Line Items]
2023	3,000,000
2024	56,000,000
Total Debt, net of deferred financing costs	59,000,000
Line of Credit | Crimson Credit Facility | Crimson Revolver
Debt Instrument [Line Items]
2023	0
2024	45,000,000
Total Debt, net of deferred financing costs	$ 45,000,000

DEBT - Deferred Financing Costs

DEBT - Deferred Financing Costs Summary (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 12, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Deferred debt cost amortization expense			$ 1,113,206	$ 1,236,178
Line of Credit | Crimson Credit Facility
Debt Instrument [Line Items]
Interest Expense	$ 2,652,829	$ 1,446,620	7,605,854	3,811,763
Deferred debt cost amortization expense	174,735	247,635	619,934	742,905
Less: Capitalized Interest	226,532	109,331	590,408	276,551
Total interest expense	2,601,032	1,584,924	7,635,380	4,278,117
Convertible Debt
Debt Instrument [Line Items]
Total interest expense	1,898,284	1,898,284	5,694,852	5,694,852
Convertible Debt | 5.875% Convertible Notes
Debt Instrument [Line Items]
Interest Expense	1,733,859	1,733,859	5,201,577	5,201,577
Discount Amortization	143,607	143,607	430,821	430,821
Deferred debt cost amortization expense	$ 20,818	$ 20,818	$ 62,454	$ 62,454
Interest Rate	5.875%		5.875%		5.875%	5.875%

STOCKHOLDERS' EQUITY - Narrativ

STOCKHOLDERS' EQUITY - Narrative (Details) - USD ($)			1 Months Ended	3 Months Ended			9 Months Ended
	May 25, 2022	Feb. 01, 2021	Feb. 28, 2021	Sep. 30, 2023	Jun. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	May 26, 2022
Class of Stock [Line Items]
Remaining unrecognized stock-based compensation cost				$ 585,000			$ 585,000
Weighted average period over which the remaining compensation expense is recognized							1 year 6 months
Distributions amount				809,000		$ 809,212	$ 2,400,000	$ 2,427,636
Variable Interest Entity
Class of Stock [Line Items]
Percentage of voting interest held		49.50%	49.50%
Restricted Stock Units
Class of Stock [Line Items]
Number of shares rights to received in future (in shares)							1
Vesting period							3 years
Settled period							30 days
Restricted Stock Units | Tranche one
Class of Stock [Line Items]
Vesting rights percentage					33.33%
Restricted Stock Units | Tranche two
Class of Stock [Line Items]
Vesting rights percentage					33.33%
Restricted Stock Units | Tranche three
Class of Stock [Line Items]
Vesting rights percentage					33.33%
Series A Preferred Stock
Class of Stock [Line Items]
Dividends payable				7,200,000			$ 7,200,000
Class A-1 Units
Class of Stock [Line Items]
Unpaid distributions				$ 2,400,000			$ 2,400,000
Grier Members | Variable Interest Entity
Class of Stock [Line Items]
Percentage of voting interest held		50.50%	50.50%
Omnibus Equity Incentive Plan
Class of Stock [Line Items]
Number of shares issued in transaction (in shares)	3,000,000
Sale of stock, number of shares registered (in shares)									3,000,000
Remaining shares available for grant (in shares)				2,446,080			2,446,080
Series A 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 | 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

STOCKHOLDERS' EQUITY - Schedule

STOCKHOLDERS' EQUITY - Schedule of Restrict Stock Unit Activity (Details) - Restricted Stock Units - $ / shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Restricted Stock Units
Nonvested at period start (in shares)	674,312	0
Granted (in shares)	0	682,890
Vested (in shares)	(153,202)	0
Forfeited (in shares)	(201,209)	0
Nonvested at period end (in shares)	319,901	682,890
Expected to vest (in shares)	319,901	682,890
Weighted Average Grant Date Fair Value
Period start (in dollars per share)	$ 2.58	$ 0
Granted (in dollars per share)	0	2.58
Vested (in dollars per share)	2.58	0
Forfeited (in dollars per share)	2.58	0
Period end (in dollars per share)	$ 2.58	$ 2.58

STOCKHOLDERS' EQUITY - Stock-Ba

STOCKHOLDERS' EQUITY - Stock-Based Compensation Expense (Details) - Restricted Stock - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 110,869	$ 233,024	$ 203,213	$ 384,383
General and administrative expense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	81,411	203,414	176,741	342,808
Transportation and distribution expense
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expense	$ 29,458	$ 29,610	$ 26,472	$ 41,575

STOCKHOLDERS' EQUITY - Schedu_2

STOCKHOLDERS' EQUITY - Schedule Of Noncontrolling Interest (Details) - Crimson Midstream Holdings, LLC	Sep. 30, 2023 shares
Class A-1 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	0
Class A-2 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	0
Class A-3 Units
Noncontrolling Interest [Line Items]
Economic ownership interests in Crimson Midstream Holdings, LLC (in shares)	0
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%
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 B-1 Units
Noncontrolling Interest [Line Items]
Ownership interests in Crimson Midstream Holdings, LLC (in shares)	0
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%

STOCKHOLDERS' EQUITY - Schedu_3

STOCKHOLDERS' EQUITY - Schedule of Distributions Payable (Details) - $ / shares	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Dividends Payable [Line Items]
Dividends declared per share	$ 0	$ 0.050	$ 0	$ 0.150
Series A Cumulative Redeemable Preferred Stock
Dividends Payable [Line Items]
Preferred stock interest rate			7.375%		7.375%
Preferred stock, liquidation preference per share	2,500		$ 2,500		$ 2,500
Class A-1 Units
Dividends Payable [Line Items]
Liquidation preference, including unpaid dividends per share	26.38		26.38
Preferred stock, liquidation preference per share	25		25
Class A-1 Units | Annual Dividend
Dividends Payable [Line Items]
Annual distribution per share (in dollars per share)	1.84		1.84
Class A-1 Units | Quarterly Dividend
Dividends Payable [Line Items]
Annual distribution per share (in dollars per share)	$ 1.38		$ 1.38
Class B Common Stock | Dividends, Period One
Dividends Payable [Line Items]
Dividend multiplier			1.25
Dividends declared per share			$ 0.05
Class B Common Stock | Dividends, Period Two
Dividends Payable [Line Items]
Dividend multiplier			1.25
Dividends declared per share			$ 0.055
Class B Common Stock | Dividends, Period Three
Dividends Payable [Line Items]
Dividends declared per share			$ 0.06

EARNINGS (LOSS) PER SHARE - Sch

EARNINGS (LOSS) PER SHARE - Schedule of Earnings (Loss) Per Share (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Sep. 12, 2023	Dec. 31, 2022
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Net Loss	$ (4,310,336)	$ (15,501,704)	$ (10,678,019)	$ (8,966,821)
Less: Net income attributable to non-controlling interests	809,212	809,212	2,427,636	2,427,636
Net Loss attributable to CorEnergy Infrastructure Trust, Inc.	(5,119,548)	(16,310,916)	(13,105,655)	(11,394,457)
Preferred dividend requirements	2,388,130	2,388,130	7,164,390	7,164,390
Total undistributed loss	(7,507,678)	(19,452,089)	(20,270,045)	(20,804,580)
Total undistributed loss - diluted	(7,827,773)	(20,295,314)	(21,135,767)	(21,711,617)
Numerator for basic net loss per share	$ (7,507,678)	$ (18,699,046)	$ (20,270,045)	$ (18,558,847)
Undistributed earnings percent	100%		100%
Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation (in shares)	2,361,000	2,361,000	2,361,000	2,361,000
5.875% Convertible Notes | Convertible Debt
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Interest rate	5.875%		5.875%		5.875%	5.875%
Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Conversion ratio	0.68		0.68
Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common Stock dividends	$ 0	$ 753,043	$ 0	$ 2,245,733
Total undistributed loss	(7,187,583)	(18,608,864)	(19,404,323)	(19,897,543)
Total undistributed loss - diluted	(7,507,678)	(19,452,089)	(20,270,045)	(20,804,580)
Numerator for basic net loss per share	(7,187,583)	(17,855,821)	(19,404,323)	(17,651,810)
Numerator for diluted net loss per share	$ (7,507,678)	$ (18,699,046)	$ (20,270,045)	$ (18,558,847)
Denominator for basic net loss per Common Stock and Class B Common Stock share (in shares)	15,353,513	15,089,708	15,325,852	14,999,570
Denominator for diluted net loss per Common Stock and Class B Common Stock share (in shares)	15,818,470	15,554,665	15,790,809	15,464,527
Basic net loss per share (in dollars per share)	$ (0.47)	$ (1.18)	$ (1.27)	$ (1.18)
Diluted net loss per share (in dollars per share)	$ (0.47)	$ (1.20)	$ (1.28)	$ (1.20)
Common Stock | Class B Common Stock
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Common Stock dividends	$ 0	$ 0	$ 0	$ 0
Total undistributed loss	(320,095)	(843,225)	(865,722)	(907,037)
Total undistributed loss - diluted	(320,095)	(843,225)	(865,722)	(907,037)
Numerator for basic net loss per share	(320,095)	(843,225)	(865,722)	(907,037)
Numerator for diluted net loss per share	$ (320,095)	$ (843,225)	$ (865,722)	$ (907,037)
Denominator for basic net loss per Common Stock and Class B Common Stock share (in shares)	683,761	683,761	683,761	683,761
Denominator for diluted net loss per Common Stock and Class B Common Stock share (in shares)	683,761	683,761	683,761	683,761
Basic net loss per share (in dollars per share)	$ (0.47)	$ (1.23)	$ (1.27)	$ (1.33)
Diluted net loss per share (in dollars per share)	$ (0.47)	$ (1.23)	$ (1.27)	$ (1.33)

VARIABLE INTEREST ENTITY (Detai

VARIABLE INTEREST ENTITY (Details)		1 Months Ended	3 Months Ended		9 Months Ended
	Feb. 01, 2021 manager	Feb. 28, 2021	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2022 USD ($)
Variable Interest Entity [Line Items]
Distributions | $			$ 0	$ 3,500,000	$ 0	$ 9,000,000
Variable Interest Entity, Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Percentage of voting interest held	49.50%	49.50%
Number of managers	4
Variable Interest Entity, Primary Beneficiary [Member] | Grier Members
Variable Interest Entity [Line Items]
Percentage of voting interest held	50.50%	50.50%
Number of managers	2

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($)				3 Months Ended		9 Months Ended
	Feb. 01, 2023	Feb. 04, 2022	Feb. 04, 2021	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Related Party Transaction [Line Items]
Due from affiliated companies				$ 6,250		$ 6,250		$ 167,743
Related Party
Related Party Transaction [Line Items]
Due from affiliated companies				6,000		6,000
Related Party | Crescent Louisiana Midstream, LLC | Crescent Midstream, LLC
Related Party Transaction [Line Items]
Controlling economic interest			70%
Accounting And Consulting Services | Crescent Midstream, LLC
Related Party Transaction [Line Items]
TSA liability				138,000		138,000
Transition Services Agreement | Crescent Midstream, LLC
Related Party Transaction [Line Items]
Percentage allocation			50%
Transition Services Agreement | Crimson Midstream Holdings, LLC
Related Party Transaction [Line Items]
Fixed fee			$ 156,000
Transition Services Agreement | Crimson Midstream Holdings, LLC | Related Party
Related Party Transaction [Line Items]
Other operating income				$ 110,000	$ 206,000	$ 363,000	$ 890,000
Transition Services Agreement | Crescent Louisiana Midstream, LLC
Related Party Transaction [Line Items]
Percentage allocation			50%
Services Agreement - Fix Fee Reimbursements | Crescent Midstream Operating
Related Party Transaction [Line Items]
Fixed fee	$ 13,000	$ 44,000