Gas Natural Inc was incorporated in Montana in 1909 and was reorganized as a holding company in 2009 as a means to facilitate future acquisitions and corporate level financings of natural gas utility and energy-related businesses. On July 9, 2010 the Company moved its state of incorporation to Ohio and changed its name from Energy, Inc. to Gas Natural Inc. The Company is a natural gas company, primarily operating local distribution companies in seven states and serving approximately 72,000 customers in total. It reports results in four business segments; Natural Gas Operations, Marketing and Production, Pipeline Operations, Corporate and Other. Natural Gas Operations: Representing the majority of the Companys revenue, it annually distributes approximately 36 Bcf of natural through regulated utilities operating in Kentucky, Maine, Montana, North Carolina, Ohio, Pennsylvania and Wyoming. Marketing and Production: Annually, the Company markets approximately 1.5 Bcf of natural gas to commercial and industrial customers in Montana and Wyoming and manage midstream supply and production assets for transportation customers and utilities through its subsidiary, EWR. Pipeline Operations: The Company owns the Shoshone interstate and the Glacier gathering natural gas pipelines located in Montana and Wyoming through its subsidiary EWD. Pipeline Operations: Through EWD, the company operates two natural gas pipelines, the Glacier natural gas gathering pipeline and the Shoshone transmission pipeline. The pipelines extend from the north of Cody, Wyoming to Warren, Montana. The Shoshone pipeline is an approximately 30 mile long bidirectional pipeline that transports natural gas between Montana and Wyoming. Corporate and Other: Corporate and other encompasses the results of corporate acquisitions and other equity transactions. Included in corporate and other are costs associated with business development and acquisitions, dividend income and recognized gains from the sale of marketable securities. In the Companys natural gas operations, it generally faces competition in the distribution and sales of natural gas from suppliers of other fuels, including coal, electricity, oil and propane. The Companys interstate natural gas operations are also subject to federal regulations with respect to rates, services, construction/maintenance and safety standards.