earnings
confidence high
sentiment neutral
materiality 0.75
Chesapeake Utilities Q2 adjusted net income $19.3M ($0.86 EPS), affirms FY2024 guidance
CHESAPEAKE UTILITIES CORP
2024-Q2 EPS reported
$2.89
revenue$412,016,000
- Q2 2024 net income $18.3M ($0.82 EPS); adjusted net income $19.3M ($0.86 EPS) vs $16.1M ($0.90) prior year.
- First half adjusted gross margin grew $61.8M driven by FCG acquisition and organic growth.
- Customer growth ~4% across Delmarva and Florida; three pipeline projects approved.
- Affirms 2024 adjusted EPS guidance $5.33-$5.45 and capex $300-$360M.
- 2025 EPS guidance $6.15-$6.35; 2028 EPS $7.75-$8.00 implies ~8% growth rate.