Chesapeake Utilities FY2024 adj EPS $5.39, reaffirms 2025 guidance $6.15-$6.35

CHESAPEAKE UTILITIES CORP

2024-FY EPS reported $5.26 revenue$787,200,000

FY2024 net income $118.6M ($5.26 EPS); adjusted net income $121.5M ($5.39 adj EPS), vs $97.8M ($5.31) in 2023.
Q4 2024 net income $36.7M ($1.60 EPS); adj net income $37.3M ($1.63 adj EPS), vs $33.0M ($1.64) in Q4 2023.
Adjusted gross margin increased $113.3M driven by Florida City Gas, regulatory initiatives, and organic growth.
FY2024 capex $356M near top of guidance; reaffirms 2025 EPS $6.15-$6.35, 2028 EPS $7.75-$8.00.
Equity-to-capitalization ratio reached 48.4% at Dec 31, 2024, accelerating return to target capital structure.

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