secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021731
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/0001628280-24-021731-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000162828024021731/cpk-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021731

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