earnings
confidence high
sentiment positive
materiality 0.80
Chesapeake Utilities Q1 net income $59.3M, EPS $2.47, up 11.8% YoY
CHESAPEAKE UTILITIES CORP
2026-Q1 EPS reported
$2.47
revenue$353,100,000
- Net income $59.3M ($2.47 EPS) vs $50.9M ($2.21 EPS) in Q1 2025; adjusted EPS also $2.47.
- Adjusted gross margin growth of $23.8M driven by regulatory initiatives, infrastructure programs, organic growth, and transmission expansions.
- Capital investment of $121.9M in Q1; reaffirms 2026 capex guidance $450-$500M and 2028 EPS guidance $7.75-$8.00.
- FCG filed petition in April 2026 seeking general rate base increase with Florida PSC.
- CFO Beth Cooper retiring after 36 years; Jeff Sylvester (COO) to become CFO on July 1, 2026.