Company Quick10K Filing
Corning Natural Gas
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 3 $73
10-Q 2020-02-13 Quarter: 2019-12-31
10-K 2019-12-23 Annual: 2019-09-30
10-Q 2019-08-13 Quarter: 2019-06-30
10-Q 2019-05-10 Quarter: 2019-03-31
10-Q 2019-02-08 Quarter: 2018-12-31
10-K 2018-12-20 Annual: 2018-09-30
10-Q 2018-08-09 Quarter: 2018-06-30
10-Q 2018-05-11 Quarter: 2018-03-31
10-Q 2018-02-14 Quarter: 2017-12-31
10-K 2017-12-29 Annual: 2017-12-29
10-Q 2017-08-14 Quarter: 2017-06-30
10-Q 2017-05-15 Quarter: 2017-03-31
10-Q 2017-02-14 Quarter: 2016-12-31
10-K 2016-12-29 Annual: 2016-09-30
10-Q 2016-08-15 Quarter: 2016-06-30
10-Q 2016-05-16 Quarter: 2016-03-31
10-Q 2016-02-12 Quarter: 2015-12-31
10-K 2015-12-23 Annual: 2015-09-30
10-Q 2015-08-14 Quarter: 2015-06-30
10-Q 2015-05-15 Quarter: 2015-03-15
10-Q 2015-02-17 Quarter: 2014-12-31
10-K 2014-12-23 Annual: 2014-09-30
10-Q 2014-08-13 Quarter: 2014-06-30
10-Q 2014-05-15 Quarter: 2014-03-31
10-Q 2014-02-13 Quarter: 2013-12-31
10-K 2013-12-27 Annual: 2013-09-30
10-K 2013-12-30 Annual: 2013-09-30
8-K 2020-01-28 Regulation FD, Exhibits
8-K 2020-01-09 Regulation FD, Exhibits
8-K 2019-12-18 Earnings, Exhibits
8-K 2019-09-20 Other Events, Exhibits
8-K 2019-04-02 Shareholder Vote, Other Events
8-K 2019-02-12 Other Events, Exhibits
8-K 2018-08-15 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-23 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-05-01 Amend Bylaw, Exhibits
8-K 2018-04-24 Shareholder Vote, Other Events
8-K 2018-03-07 Regulation FD
8-K 2018-02-06 Officers, Amend Bylaw, Other Events, Exhibits
8-K 2017-09-30

Corning Natural Gas Financials

CNIG Metrics, Comps, Filings

Annual | Quarterly

Business

The Holding Company was incorporated in New York in July 2013 to serve as a holding company for the Gas Company and its dormant subsidiary, Corning Natural Gas Appliance Corporation (the "Appliance Company"). The Holding Company has 50% ownership interests in our joint ventures Leatherstocking Gas Company, LLC ("Leatherstocking Gas"), which includes its subsidiary, Leatherstocking Gas Development Corporation, and Leatherstocking Pipeline Company, LLC ("Leatherstocking Pipeline"). On August 31, 2016, the Company completed the stock purchase acquisition of Pike County Light & Power Company ("Pike").

The Company's principal executive offices are located at 330 W. William Street, Corning New York, 14830, the telephone number is (607) 936-3755, and our website is www.corninggas.com.

The Company's primary business, through its subsidiaries Corning Gas and Pike, is natural gas and electric distribution. Corning Gas serves approximately 15,000 residential, commercial, industrial and municipal customers in the Corning, Hammondsport and Virgil, New York, areas and two other gas utilities which serve the Elmira and Bath, New York, areas. It is franchised to supply gas service in all of the political subdivisions in which it operates. The Gas Company is under the jurisdiction of the New York Public Service Commission ("NYPSC") which oversees and sets rates for New York gas distribution companies. 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. Pike is an electric and gas utility regulated by the Pennsylvania Public Utility Commission ("PAPUC"). Pike provides electric service to approximately 4,800 customers in the Townships of Westfall, Milford and the northern part of Dingman and in the Boroughs of Milford and Matamoras. Pike provides natural gas service to 1,200 customers in Westfall Township and the Borough of Matamoras. All of these communities are located in Pike County, Pennsylvania. Additionally, Leatherstocking Gas distributes gas in Susquehanna and Bradford Counties, Pennsylvania, and has an application pending before the NYPSC for authority to provide gas distribution services in Broome County, New York. Leatherstocking Pipeline, an unregulated company, has served one customer in Lawton, Pennsylvania.


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Intrusion (INTZ) 76,855 62% 17.4 65% 6,415 4,593 12,856 7,912 4,172 4,326 75,378
EdgeWater Technology (EDGW) 75,255 28% -2.3 -43% 73,172 23,780 126,859 36,052 -31,143 -28,012 65,811
Postal Realty Trust (PSTL) 74,985 0% 88.1 -0% 76,195 18,208 2,406 0 -31 743 65,457
Invesco DB Energy Fund (DBE) 74,880 -1.9 -53% 75,158 939 0 0 -40,201 -40,170 74,880
Bowl America (BWLA) 74,834 0% 14.6 11% 28,389 4,469 24,419 0 3,049 5,113 74,564
Corning Natural Gas (CNIG) 73,160 66% 10.6 3% 113,110 50,089 37,813 24,848 3,320 10,667 112,584
Carbon Energy (CRBO) 72,298 94% 2.6 2% 304,547 227,586 78,716 73,817 7,324 26,452 67,647
I-AM Capital Acquisition (IAMXU) 71,791 0% -22.9 -40% 7,755 1,887 14 0 -3,065 -3,065 70,251
QS Energy (QSEP) 71,630 -13.5 -549% 973 2,497 0 0 -5,341 -5,331 72,143
Senomyx (SNMX) 71,057 0% 0% 21,391 7,333 26,377 0 0 0 56,357
Anchor Bancorp (ANCB) 70,950 6.8 1% 478,880 410,204 0 0 2,434 10,456 70,950
RLJ Entertainment (RLJE) 70,946 46% -36.9 -5% 146,899 136,071 93,640 42,654 -7,438 -3,316 122,300
Super League Gaming (SLGG) 70,616 60% -2.6 -98% 22,094 1,185 472 285 -21,574 -20,902 54,436
Lexaria Bioscience (LXRP) 70,079 188% -16.2 -124% 3,457 132 97 183 -4,270 -4,215 68,083
Weed (BUDZ) 69,984 -2.1 -1,237% 2,651 619 0 0 -32,801 -32,618 69,980
George Risk (RSKIA) 69,554 49% 12.0 8% 44,046 3,542 14,248 6,956 3,532 5,311 63,887
American Resources (AREC) 68,466 49% -3.3 -42% 65,768 55,040 33,513 16,316 -27,405 -21,704 71,798
Easterly Acquisition (EACQ) 68,264 22.5 2% 146,697 10,863 0 0 3,039 3,039 68,262
Poage Bankshares (PBSK) 68,196 17.6 -1% 440,728 379,510 0 0 -2,208 2,582 45,344
Omnicomm Systems (OMCM) 67,280 82% 61.1 -6% 11,253 24,136 26,029 21,321 -694 1,177 71,940

Balance Sheet ($'000)2013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash14108753,809443220
Accounts Receivable1,7281,9921,5862,9582,7303,351
Inventory
PP&E60,26149,10953,31377,83282,13687,593
Assets3,40062,52271,416107,004106,360111,743
Accounts Payable2,0881,9041,7223,3222,1403,247
Long-Term Debt15,28817,26915,47836,85433,68440,769
Liabilities2,30035,93741,68775,21474,01852,462
Stockholders' Equity23,39226,58529,72831,79032,34332,841
Income Statement ($'000)2013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Revenue23334,277
Cost of Revenue-14,6639,708
Gross Profit14,89515,71515,39615,55722,16024,569
R&D
SG&A
Tax8752911911987001,683
Net Income1,7852,0681,7823,1212,1012,144
Cash Flow ($'000)2013-09-302014-09-302015-09-302016-09-302017-09-302018-09-30
Cash Operating4,5435,5825,5053,1212,9525,886
Cash Investing-6,360-8,903-6,933-22,907-5,833-7,993
Cash Financing1,7603,4141,39523,520-4851,884