secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001628280-24-005941
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chesapeake Utilities FY 2023 adj EPS $5.31, up 5.4%; guides 2024 EPS $5.33-$5.45
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- Adjusted EPS for FY 2023 was $5.31 (up 5.4% vs $5.04); GAAP EPS $4.73 includes $0.58 FCG acquisition costs.
- Q4 2023 adjusted EPS $1.64 (+12% YoY); GAAP EPS $1.26.
- Completed FCG acquisition for $923.4M cash on Nov 30, 2023; adds ~120K customers in Florida.
- Introduced 2024 EPS guidance $5.33-$5.45; reaffirmed 2025 $6.15-$6.35 and 2028 $7.75-$8.00.
- Adjusted gross margin increased $33.9M in 2023; warmer weather reduced EPS by ~$0.54 for the year.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/0001628280-24-005941-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/cpk-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-005941

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer