secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-036213
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chesapeake Utilities Q2 adjusted net income $19.3M ($0.86 EPS), affirms FY2024 guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000162828024036213/0001628280-24-036213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000162828024036213/cpk-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-036213

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