Chesapeake Utilities Q3 adjusted EPS up 28% to $0.69; FCG acquisition on track for Q4 close

CHESAPEAKE UTILITIES CORP

2023-Q3 EPS reported $3.47 revenue$485,269,000

Q3 GAAP EPS $0.53 (vs $0.54 prior year); adjusted EPS $0.69 (up 28%).
Warmer weather in H1 2023 reduced year-to-date EPS by ~$0.41 per share.
Entered agreement to acquire Florida City Gas for ~$923M; expects close by Q4 2023 end.
New five-year capex guidance $1.5B-$1.8B; 2028 EPS guidance $7.75-$8.00 per share.
Adjusted gross margin grew $7.6M in Q3 driven by pipeline projects, organic growth, regulatory initiatives.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

CHESAPEAKE UTILITIES CORP reported financial results for the three and nine months ended September 30, 2023.

Period: the three and nine months ended September 30, 2023
Result: reported results

Exact text from the filing

On November 2, 2023 , Chesapeake Utilities Corporation issued a press release announcing its financial results for the quarter and nine months ended September 30, 2023.

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Source: SEC EDGAR

accession 0001628280-23-036447

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