8-K
filed August 3, 2023, 7:59 PM ET
ticker CPK
CIK 0000019745
earnings
confidence high
sentiment neutral
materiality 0.55
Chesapeake Utilities Q2 2023 EPS $0.90 vs $0.96; operating income up 7.1%
CHESAPEAKE UTILITIES CORP
2023-Q2 EPS reported
$2.94
revenue$353,722,000
- Q2 2023 EPS of $0.90 vs $0.96 in Q2 2022 which included a $0.08 non-recurring gain.
- Operating income grew 7.1% to $28.3M; adjusted gross margin rose $7.4M on regulatory initiatives and organic growth.
- Weather reduced EPS by ~$0.09 in Q2 and $0.38 year-to-date; customer growth at Delmarva 5.5%, Florida 4.0%.
- Reaffirmed 2023 capex guidance of $200M-230M; long-term EPS guidance for 2025 at $6.15-$6.35 per share.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHESAPEAKE UTILITIES CORP reported second quarter of 2023 results: net income $16.1 million, EPS $0.90.
- Period
- second quarter of 2023
- Net income
- $16.1 million
- EPS
- $0.90
- Result
- reported results
Exact text from the filing
In the second quarter of 2023, the Company's net income was $16.1 million, compared to $17.1 million reported in the same quarter of 2022. EPS in the quarter was $0.90 per share, compared to $0.96 per share reported in the same prior-year period.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHESAPEAKE UTILITIES CORP reported 2025 results: EPS $6.15 to $6.35 per share. Guidance reaffirmed.
- Period
- 2025
- EPS
- $6.15 to $6.35 per share
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
The Company's capital expenditures guidance ranges from $900 million to $1.1 billion for the five years ended 2025, while the EPS guidance range is $6.15 to $6.35 per share for 2025.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
CHESAPEAKE UTILITIES CORP reported six months ended June 30, 2023 results: net income $52.5 million, EPS $2.94.
- Period
- six months ended June 30, 2023
- Net income
- $52.5 million
- EPS
- $2.94
- Result
- reported results
Exact text from the filing
For the first half of 2023, net income was $52.5 million compared to $54.0 million for the same period in 2022. EPS for the first half of 2023 was $2.94 compared to $3.04 per share reported in the same prior-year period.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHESAPEAKE UTILITIES CORP updated its 2023 guidance (reaffirmed).
- Period
- 2023
- Guidance
- reaffirmed
- Result
- guidance update
Exact text from the filing
Capital expenditures for the six months ended June 30, 2023 were $91.9 million, and the full year estimate for 2023 continues to range from $200 million to $230 million.
View on SEC.gov
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