earnings
confidence high
sentiment positive
materiality 0.80
Chesapeake Utilities Q2 EPS $1.04 adj, up 21% YoY; raises 2025 capex guide
CHESAPEAKE UTILITIES CORP
2025-Q2 EPS reported
$3.22
revenue$491,500,000
- Q2 net income $23.9M ($1.02 EPS); adj. net income $24.3M ($1.04 EPS) vs $0.86 adj. EPS in Q2 2024, growth of 20.9%.
- H1 adj. net income $75.4M ($3.25 EPS) vs $2.96 YoY; adj. gross margin grew $34.1M in H1 driven by organic growth, regulatory initiatives, and CNG/RNG/LNG services.
- Reaffirmed 2025 adj. EPS guidance $6.15-$6.35; 2028 EPS guide $7.75-$8.00; 2025 capex raised to $375-425M from $325-375M.
- In August 2025, entered a $200M long-term debt agreement; concluded FCG transition services agreement.
- Regulatory successes included resolution of three rate cases and FERC approval for Worcester Resiliency Upgrade project ($3.9M margin once in service).
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