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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, US
Websitecorninggas.com

Latest Updates

Employees (est.) (Sept 2019)64(+2%)
Revenue (FY, 2019)$35.5 M(+4%)
Share Price (Nov 2020)$15.5
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, US (HQ)
330 W William St
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Corning Natural Gas Holding Financials and Metrics

Corning Natural Gas Holding Revenue

Corning Natural Gas Holding's revenue was reported to be $35.54 m in FY, 2019
USD

Revenue (Q3, 2020)

7.0m

Gross profit (Q3, 2020)

5.8m

Gross profit margin (Q3, 2020), %

82.8%

Net income (Q3, 2020)

557.6k

EBIT (Q3, 2020)

1.2m

Market capitalization (17-Nov-2020)

47.5m

Closing stock price (17-Nov-2020)

15.5

Cash (30-Jun-2020)

1.4m

EV

92.9m
Corning Natural Gas Holding's current market capitalization is $47.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

34.3m35.5m

Revenue growth, %

Cost of goods sold

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

Gross profit

24.6m25.0m
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, 2019

Cash

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

Accounts Receivable

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

Prepaid Expenses

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

Inventories

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

4.5m5.6m5.5m3.1m3.0m5.9m6.6m
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

82/100

SecurityScorecard logo

Corning Natural Gas Holding Online and Social Media Presence

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Corning Natural Gas Holding News and Updates

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…

Corning Natural Gas Holding Corporation Appoints New Chief Financial Officer

CORNING, N.Y., July 14, 2020 (GLOBE NEWSWIRE) -- On July 6, 2020, Firouzeh Sarhangi (“Fi”) retired as chief financial officer (CFO), treasurer, and corporate secretary of Corning Natural Gas Holding Corporation (“Corning”). Ms. Sarhangi served as CFO since 2006. The company thanks Fi for over 20 y…

Corning Natural Gas Holding Corporation Increases Dividend for Eleventh Consecutive Year

CORNING, N.Y., Jan. 31, 2020 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation’s (Other OTC: CNIG) Board of Directors declared a common stock dividend for holders of record March 31, 2020.  The common stock dividend of $0.1525/share, which is equal to an annualized rate of $0.61/share, i…

Corning Natural Gas Holding Corporation Annual Earnings Statement

CORNING, N.Y., Dec. 23, 2019 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation, or Holdco, (OTC: CNIG) announced a profit of $2,879,969, or $0.94 per share, fully diluted, for the fiscal year ended September 30, 2019.  For fiscal year 2018, earnings were $1,900,005, or $0.63 per share. C…

Corning Natural Gas Holding Corporation Voting Results from Annual Meeting of Stockholders

CORNING, N.Y. , April 04, 2019 (GLOBE NEWSWIRE) -- At the Annual Meeting of Stockholders of Corning Natural Gas Holding Corporation (OTC: CNIG) held April 2, 2019, the Company announced results of the stockholder vote on three proposals. All were approved, including the election of Henry B. Cook, …

Corning Natural Gas Holding Corporation Quarterly Earnings Statement

CORNING, N.Y., Feb. 14, 2019 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTC:  CNIG) announced consolidated earnings of $749,794 or $0.23 per share for the quarter ended December 31, 2018.  This compares to consolidated earnings of $420,637, or $0.12 per share for the quarter ende…
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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 $35.5 m.

  • What is Corning Natural Gas Holding revenue per employee?

    Latest Corning Natural Gas Holding revenue per employee is $555.3 k.

  • Who are Corning Natural Gas Holding competitors?

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

  • 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 1 office.