CorEnergy Files 2022 Form 10-K, Posts ESG Report
March 29 2023 - 4:45PM
Business Wire
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA)
("CorEnergy" or the "Company") announced today that it has filed
its Form 10-K for the year ended December 31, 2022 with the United
States Securities and Exchange Commission and posted a 2022 ESG
report to its corporate website.
Among ESG results detailed, the Company reported a 56% reduction
in Scope 1 and 2 emissions across all CorEnergy assets from its
2021 baseline. The Company also commenced a new methane emission
measurement and monitoring program at MoGas, targeting a minimum
reduction of 65% by 2025. As part of CorEnergy’s continued ESG
development initiatives, it has adopted the Energy Infrastructure
Counsel (EIC) ESG reporting framework and initiated Board-level
oversight of its ESG and Cybersecurity programs.
The complete ESG report is available on the Company Website by
following the links to “About Us,” then “ESG,” or by visiting
https://corenergy.reit/esg/.
Additionally, the Company has filed its 2022 Form 10-K,
including the previously announced restated financial results for
the year ended December 31, 2021, and related interim financial
statements.
CorEnergy’s independent registered accounting firm Ernst &
Young, LLP provided an unqualified opinion on the restated
financial statements and therefore investors may rely upon
them.
About CorEnergy Infrastructure Trust, Inc.
CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) is a
real estate investment trust that owns and operates regulated
natural gas transmission and distribution lines and crude oil
transmission pipelines and associated rights-of-way. For more
information, please visit corenergy.reit.
Forward-Looking Statements
With the exception of historical information, certain statements
contained in this press release may include "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934,
including those related to the potential sale of our MoGas and
Omega systems and use of proceeds therefrom, our ability to execute
on our business strategy of restoring our cost of services, the
expected results of tariff increase requests and our ability to pay
future dividends. Although CorEnergy believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve assumptions, risks and uncertainties, and these
expectations may prove to be incorrect. Actual results could differ
materially from those anticipated in these forward-looking
statements as a result of a variety of factors, including that the
final bids for the sale of MoGas and Omega might be less than
expected or the sales might not be completed, we might not receive
our requested tariff increases, we might have further cost
increases and volume reductions beyond those projected in our
tariff requests, we may not be able to resume paying future
dividends at past levels or at all, and those additional factors
discussed in CorEnergy’s reports that are filed with the Securities
and Exchange Commission. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Other than as required by law, CorEnergy
does not assume a duty to update any forward-looking statement. In
particular, any dividends paid in the future to our stockholders
will depend on the actual performance of CorEnergy, its costs of
leverage and other operating expenses and will be subject to the
approval of CorEnergy’s Board of Directors and compliance with
leverage covenants and other applicable requirements.
Source: CorEnergy Infrastructure Trust, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20230329005931/en/
CorEnergy Infrastructure Trust, Inc. Investor Relations Jeff
Teeven or Matt Kreps info@corenergy.reit
CorEnergy Infrastructure (NYSE:CORR)
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