Summary
MichCon
Founded in 1984
Description
Michigan Consolidated Gas Company (MichCon), through its indirect and wholly owned subsidiary, MichCon, is engaged in the purchase, storage, transmission, distribution and sale of natural gas in the State of Michigan. MichCon is a natural gas utility and has subsidiaries involved in the gathering and transmission of natural gas in northern Michigan, serving approximately 1.2 million residential, commercial and industrial customers located in a 14,700-square mile area throughout Michigan. The services of the Company include gas sale, end user transportation and intermediate transportation. At December 31, 2004, the Company's distribution system included approximately 18,000 miles of distribution mains, approximately 1,164,000 service lines and approximately 1,275,000 active meters. It owns approximately 2,600 miles of transmission lines that deliver natural gas to the distribution districts and interconnect its storage fields with the sources of supply and the market areas. (Source: 10-K)
Strengths
- MichCon has a strong market share in their industry
- Revenue generated per employee is greater than industry average
- Demonstrating revenue growth that is faster than the industry average
- The number of employees is growing faster than the industry average
- Revenue growth is more steady than the industry average
- Since MichCon was founded, the company has grown faster than the industry average
Annual Revenue
MichCon's annual revenue
$18248000
Based on Kona Equity data
-
Revenue per employee
$299148
-
Variance of revenue growth
0.23
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Annual revenue growth since founding
$456200
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Revenue growth rate from first known quarter to current
-20.0%
Employee Count
61 employees
-
Employee growth rate from first known quarter to current
-37.8%
G Score - 6
The G Score is an eight-point scale where firms are given a score of 1 for each of the criteria that they pass. The G score compares a company against the industry median to find those that are healthy and growing.
- G1 Revenue is greater than the industry median.
- G2 Income per employee more than industry average.
- G3 Revenue growth rate from the first known quarter to current is higher than the industry average.
- G4 Employee growth rate from the first known quarter to current is higher than the industry average.
- G5 Variance of revenue growth is less than the industry average
- G6 Annual revenue growth since founding is higher than the industry average.
Location
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Key Information
- Name: MichCon
- Industry: Gas Company
- SIC: 49; 492
- NAICS: 221; 22
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Firmographic data G Score of 6 Founded in 1984 SIC: 49 SIC: 492 NAICS: 221 NAICS: 22 #Electricity, Oil & Gas #Energy, Utilities & Waste Treatment
Frequently Asked Questions
MichCon's headquarters are located at 500 Griswold St. 21St Fl. Detroit, MI 48226.
MichCon's official website is michcon.com
MichCon's annual revenue is $18.2 M.
MichCon's SIC: 49; 492
MichCon's NAICS: 221; 22.
MichCon has 61 employees
