Chesapeake Utilities Q1 adjusted EPS $2.10, up 3% YoY; reaffirms 2024 guidance $5.33-$5.45

CHESAPEAKE UTILITIES CORP

2024-Q1 EPS reported $2.07 revenue$245,744,000

Q1 adjusted EPS $2.10 (up from $2.04); GAAP EPS $2.07; net income $46.2M vs $36.3M.
Adjusted gross margin grew $35.0M from FCG contributions, organic growth, and pipeline expansion.
Filed 7 projects in Florida for >$85M capital; warmer weather cut operating income by $1.5M.
Reaffirms 2024 adjusted EPS guidance $5.33-$5.45; 2025 $6.15-$6.35; 2028 $7.75-$8.00.
Capex guidance unchanged: 2024 $300-360M, five-year to 2028 $1.5-1.8B.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHESAPEAKE UTILITIES CORP reported the quarter ended March 31, 2024 results: net income $46.2 million, EPS $2.07.

Period: the quarter ended March 31, 2024
Net income: $46.2 million
EPS: $2.07
Result: reported results

Exact text from the filing

Net income for the first quarter of 2024 was $46.2 million compared to $36.3 million in the first quarter of 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

CHESAPEAKE UTILITIES CORP updated its the quarter ended March 31, 2024 guidance (reaffirmed).

Period: the quarter ended March 31, 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company continues to support its 2024 EPS guidance of $5.33 to $5.45 in adjusted earnings per share

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

CHESAPEAKE UTILITIES CORP filing history →

Source: SEC EDGAR

accession 0001628280-24-021731

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.