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Complete financial analysis of Corning Natural Gas Holding Corporation (CNIG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Corning Natural Gas Holding Corporation, a leading company in the Regulated Gas industry within the Utilities sector.
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Corning Natural Gas Holding Corporation (CNIG)
About Corning Natural Gas Holding Corporation
Corning Natural Gas Holding Corporation, through its subsidiaries, distributes natural gas and electricity. The company offers natural gas to approximately 15,000 customers through approximately 434 miles of distribution main and 86 regulating stations; and electricity to approximately 4,900 customers through approximately 160 miles of electric distribution wire and poles, and 20 miles of gas distribution pipe. It also owns 4 gate stations and approximately 18 miles of pipe in Susquehanna and Bradford Counties, Pennsylvania. The company serves residential, commercial, industrial, and municipal customers in the Corning, Hammondsport, and Virgil areas, as well as in Pike county; and distributes to 2 other gas utilities that serve the Elmira and Bath areas of New York. The company was incorporated in 1904 and is headquartered in Corning, New York. As of July 6, 2022, Corning Natural Gas Holding Corporation was taken private.
| Metric | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 35.24M | 32.39M | 35.54M | 34.28M | 30.04M | 19.71M | 22.50M | 25.46M | 23.47M | 19.44M | 22.83M | 22.45M | 23.70M | 25.78M | 24.50M | 26.92M | 22.88M | 22.00M | 25.53M | 23.85M | 31.30M | 24.30M | 16.28M | 16.67M |
| Cost of Revenue | 9.32M | 7.11M | 10.55M | 22.10M | 20.24M | 4.15M | 7.11M | 9.75M | 8.58M | 6.78M | 9.71M | 9.65M | 13.04M | 14.70M | 14.85M | 19.43M | 14.49M | 14.11M | 13.53M | 10.76M | 17.04M | 9.57M | 9.46M | 9.41M |
| Gross Profit | 25.92M | 25.28M | 24.99M | 12.18M | 9.80M | 15.56M | 15.40M | 15.71M | 14.89M | 12.66M | 13.12M | 12.80M | 10.66M | 11.08M | 9.65M | 7.49M | 8.39M | 7.89M | 12.00M | 13.08M | 14.27M | 14.73M | 6.82M | 7.26M |
| Gross Profit Ratio | 73.56% | 78.04% | 70.32% | 35.53% | 32.63% | 78.93% | 68.42% | 61.70% | 63.44% | 65.12% | 57.47% | 57.02% | 44.98% | 42.98% | 39.39% | 27.82% | 36.68% | 35.85% | 47.00% | 54.86% | 45.58% | 60.61% | 41.88% | 43.57% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 428.12K | 0.00 | 144.36K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 14.14M | 6.77M | 6.58M | 6.25M | 5.26M | 4.16M | 3.89M | 3.96M | 4.55M | 10.14M | 10.89M | 9.26M | 9.00M | 8.49M | 8.99M | 8.24M | 6.27M | 6.49M | 10.92M | 11.57M | 12.59M | 13.06M | 5.70M | 5.95M |
| Operating Expenses | 14.14M | 6.77M | 6.58M | 6.25M | 5.26M | 4.16M | 3.89M | 3.96M | 4.55M | 10.57M | 10.89M | 9.41M | 9.00M | 8.49M | 8.99M | 8.24M | 6.27M | 6.49M | 10.92M | 11.57M | 12.59M | 13.06M | 5.70M | 5.95M |
| Cost & Expenses | 21.56M | 18.05M | 28.10M | 28.35M | 25.50M | 14.72M | 18.80M | 21.28M | 20.02M | 17.35M | 20.61M | 19.05M | 22.03M | 23.49M | 23.83M | 29.55M | 20.75M | 20.60M | 24.46M | 22.33M | 29.63M | 22.64M | 15.15M | 15.35M |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | -3.43M | 2.57M | 2.33M | 2.13M | 1.90M | 903.31K | 917.82K | 841.18K | 935.27K | -610.00K | -720.00K | -810.00K | -960.00K | -1.50M | -520.00K | -1.39M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 3.34M | 2.62M | 2.50M | 2.38M | 2.14M | 1.76M | 1.62M | 1.54M | 2.20M | 1.70M | 1.48M | 713.07K | 762.20K | 690.00K | 630.00K | 520.00K | -1.07M | -722.45K | -1.32M | -902.17K | -926.06K | -1.18M | 895.28K | 837.15K |
| EBITDA | 5.13M | 9.35M | 9.27M | 8.34M | 6.84M | 6.86M | 5.39M | 5.76M | 5.81M | 2.89M | 2.34M | 2.51M | 692.20K | 330.00K | 360.00K | -5.53M | 1.05M | 674.89K | -243.44K | 613.69K | 748.59K | 483.53K | 1.33M | 1.48M |
| EBITDA Ratio | 14.55% | 28.87% | 26.09% | 24.32% | 22.76% | 34.80% | 23.95% | 22.62% | 24.76% | 14.86% | 10.25% | 11.19% | 2.92% | 1.28% | 1.47% | -20.54% | 4.60% | 3.07% | -0.95% | 2.57% | 2.39% | 1.99% | 8.19% | 8.86% |
| Operating Income | 4.36M | 7.22M | 7.44M | 5.93M | 4.54M | 3.76M | 3.70M | 4.19M | 3.46M | 2.09M | 2.22M | 3.39M | 1.66M | 2.59M | 464.24K | -743.98K | 2.13M | 1.40M | 1.07M | 1.52M | 1.67M | 1.67M | 1.12M | 1.32M |
| Operating Income Ratio | 12.37% | 22.31% | 20.95% | 17.29% | 15.12% | 19.07% | 16.45% | 16.45% | 14.73% | 10.74% | 9.74% | 15.11% | 7.02% | 10.04% | 1.89% | -2.76% | 9.29% | 6.35% | 4.21% | 6.36% | 5.35% | 6.85% | 6.89% | 7.91% |
| Total Other Income/Expenses | -2.37M | -3.06M | -3.00M | -2.10M | -1.74M | 438.43K | -851.17K | -808.28K | -797.41K | -288.73K | -642.65K | -782.50K | -772.82K | -1.45M | -214.24K | -3.28M | -1.10M | -875.86K | -1.17M | -902.17K | -926.06K | -1.18M | 63.35K | 0.00 |
| Income Before Tax | 1.99M | 4.16M | 4.45M | 3.83M | 2.80M | 4.20M | 2.85M | 3.38M | 2.66M | 1.80M | 1.58M | 2.61M | 890.00K | 1.14M | 250.00K | -4.02M | 1.03M | 521.47K | -97.61K | 613.69K | 748.59K | 483.53K | 1.18M | 0.00 |
| Income Before Tax Ratio | 5.64% | 12.85% | 12.51% | 11.17% | 9.32% | 21.30% | 12.67% | 13.28% | 11.33% | 9.26% | 6.92% | 11.63% | 3.76% | 4.42% | 1.02% | -14.93% | 4.49% | 2.37% | -0.38% | 2.57% | 2.39% | 1.99% | 7.28% | 0.00% |
| Income Tax Expense | 3.70M | -960.34K | 1.32M | 1.68M | 700.05K | 1.08M | 1.07M | 1.31M | 880.00K | 450.00K | 230.00K | 970.00K | 220.00K | 130.00K | -10.00K | -1.04M | 425.26K | 62.02K | -151.93K | 87.54K | 142.04K | 12.08K | 63.35K | 0.00 |
| Net Income | 1.52M | 5.12M | 3.12M | 2.14M | 2.10M | 3.12M | 1.78M | 2.07M | 1.79M | 1.35M | 1.35M | 1.64M | 670.00K | 1.01M | 260.00K | -3.62M | 626.53K | 612.87K | -91.51K | 526.15K | 606.55K | 471.45K | 437.95K | 640.16K |
| Net Income Ratio | 4.33% | 15.82% | 8.79% | 6.26% | 6.99% | 15.84% | 7.92% | 8.13% | 7.63% | 6.94% | 5.91% | 7.31% | 2.83% | 3.92% | 1.06% | -13.45% | 2.74% | 2.79% | -0.36% | 2.21% | 1.94% | 1.94% | 2.69% | 3.84% |
| EPS | 0.49 | 1.53 | 0.94 | 0.71 | 0.70 | 1.05 | 0.61 | 0.71 | 0.66 | 0.58 | 0.64 | 0.87 | 0.43 | 0.68 | 0.27 | -3.94 | 0.68 | 0.68 | -0.10 | 0.57 | 0.66 | 0.51 | 0.48 | 0.70 |
| EPS Diluted | 0.49 | 1.53 | 0.94 | 0.71 | 0.70 | 1.05 | 0.61 | 0.71 | 0.66 | 0.57 | 0.64 | 0.87 | 0.43 | 0.67 | 0.27 | -3.94 | 0.68 | 0.68 | -0.10 | 0.57 | 0.66 | 0.51 | 0.48 | 0.70 |
| Weighted Avg Shares Out | 3.09M | 3.35M | 3.33M | 3.01M | 2.99M | 2.98M | 2.94M | 2.92M | 2.72M | 2.34M | 2.10M | 1.88M | 1.55M | 1.48M | 963.96K | 918.27K | 918.27K | 907.03K | 918.50K | 918.69K | 918.69K | 918.69K | 918.69K | 918.69K |
| Weighted Avg Shares Out (Dil) | 3.09M | 3.35M | 3.33M | 3.01M | 2.99M | 2.98M | 2.94M | 2.92M | 2.72M | 2.36M | 2.12M | 1.89M | 1.55M | 1.51M | 965.38K | 918.27K | 918.27K | 907.03K | 918.50K | 918.69K | 918.69K | 918.69K | 918.69K | 918.69K |
Corning Natural Gas Holding Corporation Quarterly Earnings Statement
CORNING, N.Y., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated net income of $273 thousand or $0.07 per share for the quarter ended June 30, 2021. This compares to consolidated net income of...
Corning Natural Gas Holding Corporation Quarterly Earnings Statement
CORNING, N.Y., May 13, 2021 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated net income of $2.330 million or $0.74 per share for the quarter ended March 31, 2021. This compares to consolidated net income of...
SHAREHOLDER ALERT: WeissLaw LLP Reminds CNIG, CHNG, CATM, and GNBF Shareholders About Its Ongoing Investigations
NEW YORK, March 11, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua...
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...
SHAREHOLDER ALERT: WeissLaw LLP Reminds HEC, CNIG, CHNG and CATM Shareholders About Its Ongoing Investigations
NEW YORK, Feb. 25, 2021 /PRNewswire/ -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice or your rights or interests, please contact: Joshua...
Lifshitz Law Firm, P.C. Announces Investigation of CNIG, GWPH, JAZZ, HOL, JWS, KTYB, SYBT, PRSP, PROS, and VIE
NEW YORK, Feb. 7, 2021 /PRNewswire/ -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) Lifshitz Law Firm, P.C. announces investigation into possible breach of fiduciary duties in connection with the proposed sale of CNIG to an affiliate of Argo Infrastructure...
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...
SHAREHOLDER ALERT: WeissLaw LLP Investigates Corning Natural Gas Holding Corporation
NEW YORK, Jan. 13, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Corning Natural Gas Holding Corporation ("Corning" or the "Company") (OTCQX: CNIG), a natural...
Corning Natural Gas (OTCMKTS:CNIG) Stock Passes Below 200-Day Moving Average of $16.66
Shares of Corning Natural Gas Holding Corp (OTCMKTS:CNIG) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.66 and traded as low as $16.00. Corning Natural Gas shares last traded...
Source: https://incomestatements.info
Category: Stock Reports