Corning Natural Gas Holding Corporation

Corning Natural Gas Holding Corporation

CNIGO
Corning Natural Gas Holding CorporationUS flagOther OTC
26.12
USD
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

APIChatGPT
Full Time Employees
73
Sector
Utilities
Industry
Regulated Gas
Address
330 West William Street Corning NY United States of America 14830
IPO Date
Mar 6, 2018
Business
Corning Natural Gas Holding Corporation, now operating as Corning Energy Corporation following its acquisition by Argo Infrastructure Partners in July 2022, is a holding company that provides natural gas distribution and transportation services; electricity distribution; and related utility operations through its subsidiaries Corning Natural Gas Corporation, Pike County Light & Power Company, and Leatherstocking Gas Company. Corning Natural Gas Corporation, the largest subsidiary founded in 1904 and headquartered in Corning, New York, maintains approximately 425 miles of distribution mains and 86 regulating stations to sell and transport natural gas to around 15,000 residential, commercial, industrial, municipal, and wholesale customers across 23 towns and villages spanning over 400 square miles in the Southern Tier and Central New York regions, including transportation services to NYSEG in Elmira, BEGWS in Bath, and local producers in New York and Pennsylvania; the company annually handles about 8 billion cubic feet of natural gas. Pike County Light & Power Company delivers electricity to roughly 4,900 customers and natural gas via 160 miles of electric distribution lines, 20 miles of gas pipe, and four gate stations with 18 miles of pipe in Susquehanna and Bradford Counties, Pennsylvania; Leatherstocking Gas Company serves natural gas customers in northeast Pennsylvania. The subsidiaries collectively operate in New York and Pennsylvania, emphasizing safety, reliability, and customer service from a single office in Corning, New York. In recent developments, the company went private through its $143 million acquisition by Argo Infrastructure Partners/ACP Crotona in July 2022, enabling expanded infrastructure investments in pipeline replacements and electric grid resiliency; it completed full ownership of Leatherstocking Gas Company PA in January 2020 before divesting the New York portion in late 2021; and in June 2025, Tony Dorazio assumed the role of Chief Executive Officer, advancing strategic leadership under the rebranded Corning Energy Corporation.