OverviewSuggest Edit

Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity. It also transports and compresses gas for a gas producer from the producer’s gathering network into an interstate pipeline. In addition, the Gas Company has contracts with Corning Incorporated and Woodhull Municipal Gas Company, a small local utility, to provide maintenance service on their gas lines.

TypePublic
Founded2013
HQCorning, NY, US
Websitecorninggas.com

Latest Updates

Employees (est.) (Sept 2019)64(+2%)
Revenue (FY, 2020)$32.4 M(-8%)
Share Price (Jun 2021)$23.6
Cybersecurity ratingBMore

Key People/Management at Corning Natural Gas Holding

Michael German

Michael German

President and C.E.O.
Firouzeh Sarhangi

Firouzeh Sarhangi

Chief Financial Officer and Treasurer
Matt Cook

Matt Cook

Vice-President of Operations Contact
Russ Miller

Russ Miller

Vice President of Energy Supply and Business Development
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Corning Natural Gas Holding Office Locations

Corning Natural Gas Holding has an office in Corning
Corning, NY, US (HQ)
330 W William St
Corning, NY, US
330 W William St
Show all (2)

Corning Natural Gas Holding Financials and Metrics

Corning Natural Gas Holding Revenue

Corning Natural Gas Holding's revenue was reported to be $32.39 m in FY, 2020
USD

Revenue (FY, 2020)

32.4m

Gross profit (FY, 2020)

25.3m

Gross profit margin (FY, 2020), %

78%

Net income (FY, 2020)

3.2m

EBIT (FY, 2020)

7.2m

Market capitalization (4-Jun-2021)

72.9m

Closing stock price (4-Jun-2021)

23.6

Cash (30-Sept-2020)

411.7k

EV

130.8m
Corning Natural Gas Holding's current market capitalization is $72.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

34.3m35.5m32.4m

Revenue growth, %

Cost of goods sold

8.6m9.7m7.1m4.2m7.9m9.7m10.5m7.1m

Gross profit

24.6m25.0m25.3m
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

13.1m7.6m13.7m6.9m8.2m11.9m7.0m

Cost of goods sold

2.2m5.2m1.9m1.9m3.7m958.2k892.0k2.1m583.5k1.8m3.4m1.9m4.5m1.8m4.8m1.7m2.2m2.8m1.2m

Gross profit

8.6m5.8m8.9m5.2m6.0m9.2m5.8m

Gross profit Margin, %

66%76%65%76%73%77%83%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

14.2k108.1k75.3k3.8m442.9k220.0k314.3k411.7k

Accounts Receivable

1.7m2.0m1.6m2.7m3.4m2.4m2.3m

Prepaid Expenses

848.7k982.2k1.2m1.4m1.5m1.7m1.8m

Inventories

4.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

1.8m2.1m1.8m3.1m2.1m2.1m3.1m3.2m

Depreciation and Amortization

2.2m1.5m1.6m1.8m2.1m2.4m2.5m2.6m

Accounts Payable

586.7k(184.3k)(181.9k)837.0k(1.2m)1.1m(1.4m)370.5k

Cash From Operating Activities

4.5m5.6m5.5m3.1m3.0m5.9m6.6m5.5m
USDFY, 2013

Debt/Equity

0.1 x

Financial Leverage

2.4 x
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Corning Natural Gas Holding Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Corning Natural Gas Holding Online and Social Media Presence

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Corning Natural Gas Holding News and Updates

SHAREHOLDER ALERT: Monteverde & Associates PC Announces an Investigation of Corning Natural Gas Holding Corp. - CNIG

NEW YORK, April 9, 2021 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018 and 2019 ISS Securities Class Action Services Report and headquartered at the Empire State Building in New York City, is...

Corning Natural Gas Holding Corporation Announces End of “Go Shop” Period Under Merger Agreement

CORNING, N.Y., Feb. 26, 2021 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCPK: CNIG) (“Corning” or the “Company”), a holding company operating natural gas and electric utilities serving approximately 21,000 customers in two states, today announced the expiration of the 45-day “go…

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Corning Natural Gas Holding Corporation Buyout

WILMINGTON, Del., Jan. 15, 2021 (GLOBE NEWSWIRE) -- Rigrodsky Law, P.A. announces that it is investigating Corning Natural Gas Holding Corporation (“Corning”) (OTC: CNIG) regarding possible breaches of fiduciary duties and other violations of law related to Corning’s agreement to be acquired by af…

Corning Natural Gas Holding Corporation to be Acquired by Argo Infrastructure Partners, LP for Approximately $150 Million

CORNING, N.Y., Jan. 13, 2021 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation’s (Corning or the Company) Board of Directors announced they have reached an agreement with an affiliate of Argo Infrastructure Partners, LP (Argo), an independent infrastructure investment manager, in an acqu…

Corning Natural Gas Holding Corporation Reports Improved Annual Earnings and Declares Quarterly Dividends

CORNING, N.Y., Dec. 21, 2020 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated earnings of $2.957 million or $0.95 (diluted) per common share for the fiscal year ended September 30, 2020. This compares to consolidated earnings of $2.880 million or $0.…

Corning Natural Gas Holding Corporation Reports Improved Quarterly Earnings

CORNING, N.Y., Aug. 14, 2020 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated earnings of $0.497 million, or $0.16 per share for the quarter ended March 31, 2020, and earnings of $3.53 million, or $1.16 per share for the nine months ended June 30, 20…
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Corning Natural Gas Holding Frequently Asked Questions

  • When was Corning Natural Gas Holding founded?

    Corning Natural Gas Holding was founded in 2013.

  • Who are Corning Natural Gas Holding key executives?

    Corning Natural Gas Holding's key executives are Michael German, Firouzeh Sarhangi and Matt Cook.

  • How many employees does Corning Natural Gas Holding have?

    Corning Natural Gas Holding has 64 employees.

  • What is Corning Natural Gas Holding revenue?

    Latest Corning Natural Gas Holding annual revenue is $32.4 m.

  • What is Corning Natural Gas Holding revenue per employee?

    Latest Corning Natural Gas Holding revenue per employee is $506 k.

  • Who are Corning Natural Gas Holding competitors?

    Competitors of Corning Natural Gas Holding include Varyoganneftegaz, OGE Energy and HEP.

  • Where is Corning Natural Gas Holding headquarters?

    Corning Natural Gas Holding headquarters is located at 330 W William St, Corning.

  • Where are Corning Natural Gas Holding offices?

    Corning Natural Gas Holding has an office in Corning.

  • How many offices does Corning Natural Gas Holding have?

    Corning Natural Gas Holding has 2 offices.