---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-021731"
form_type: "8-K"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:01:27.510211+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-24-021731
- form_type: 8-K
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/0001628280-24-021731-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/cpk-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021731
- JSON: https://secwatch.observer/filing/0001628280-24-021731.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021731.txt

## Key facts
- Earnings Releases
  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
  source text: Net income for the first quarter of 2024 was $46.2 million compared to $36.3 million in the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/0001628280-24-021731-index.htm
- Earnings Releases
  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
  source text: The Company continues to support its 2024 EPS guidance of $5.33 to $5.45 in adjusted earnings per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/0001628280-24-021731-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.