earnings
confidence high
sentiment neutral
materiality 0.70
Chesapeake Utilities Q3 EPS falls to $0.54; YTD EPS rises 3.8% to $3.58
CHESAPEAKE UTILITIES CORP
2022-Q3 EPS reported
$3.58
revenue$493,403,000
- YTD net income $63.6M, EPS $3.58 (up 3.8% YoY); Q3 net income $9.7M, EPS $0.54 vs $0.71 prior-year.
- Q3 EPS impacted by $0.13 one-time prior-year benefits and $0.05 from higher interest rates.
- Natural gas organic customer growth: Delmarva 5.8%, Florida 4.4% YoY.
- 2022 capex guidance lowered to $140M-$175M; long-term 2025 EPS guidance $6.05-$6.25 reaffirmed.
- Secured $80M long-term financing; Florida interim base rates implemented September 2022.