earnings
confidence high
sentiment positive
materiality 0.60
Chesapeake Utilities Q1 net income rises to $50.9M; reaffirms 2025 EPS guidance
CHESAPEAKE UTILITIES CORP
2025-Q1 EPS reported
$2.21
revenue$298,700,000
- Net income $50.9M ($2.21 EPS) vs $46.2M ($2.07) in Q1 2024; adjusted EPS $2.22 vs $2.10.
- Adjusted gross margin grew $17.9M driven by colder weather, regulatory initiatives, and virtual pipeline demand.
- Reaffirms 2025 EPS guidance $6.15–$6.35 and 2028 EPS guidance $7.75–$8.00.
- Q1 capital investments $113M; full-year 2025 capex expected $325M–$375M.
- Regulatory progress includes three rate cases and Florida City Gas integration preparations.