secwatch.observer — SEC 8-K summary
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Issuer:     CHESAPEAKE UTILITIES CORP (CPK)
CIK:        0000019745
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046363
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chesapeake Utilities Q3 adj EPS $0.80 (+16% YoY); FY2024 adj EPS guidance reaffirmed $5.33-$5.45
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- Q3 2024 net income $17.5M ($0.78 diluted EPS); adjusted net income $18.1M ($0.80 adj EPS).
- Nine-month 2024 adjusted net income $84.2M ($3.76 adj EPS) vs $64.8M ($3.63) in prior-year period.
- Adjusted gross margin grew $89.3M in 9M 2024 driven by FCG, regulatory initiatives, pipeline expansion, and 4% customer growth in Delmarva and Florida.
- Affirms FY2024 adj EPS guidance $5.33-$5.45; capex $300M-$360M; FY2025 EPS $6.15-$6.35; FY2028 EPS $7.75-$8.00 (~8% CAGR from 2025).
- Q3 capex ~$100M; rate increase filings in Delaware and Florida electric; new customer billing system implemented.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/19745/000162828024046363/0001628280-24-046363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/19745/000162828024046363/cpk-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046363

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