CORNING, N.Y., Feb. 13, 2020 (GLOBE NEWSWIRE) -- Corning Natural Gas Holding Corporation (OTCQX: CNIG) announced consolidated earnings of $393,017 or $0.13 per share for the quarter ended December 31, 2019. This compares to consolidated earnings of $688,728 or $0.23 per share for the quarter ended December 31, 2018. CEO Mike German stated, “The company saw an earnings decline principally due to unusual regulatory reconciliations at Corning Natural Gas and Pike County Light & Power.” He noted that the unusual reconciliations aren’t expected to occur in subsequent quarters.
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