Chesapeake Utilities provides pro forma 2023 results reflecting Florida City Gas acquisition

CHESAPEAKE UTILITIES CORP

Pro forma combined revenue $788.5M, net income $87.7M; basic EPS $3.94, diluted $3.93.
Acquisition of FCG completed Nov 30, 2023 for $922.8M cash, funded with $550M notes at 6.54% avg rate.
Pro forma adjustments include $33M interest from debt issuance and elimination of $1.1M intercompany revenue.
Weighted average shares increased by 3.9M shares issued to finance the acquisition.

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