Chesapeake Utilities (CPK) came out with quarterly earnings of $2.10 per share, missing the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $2.04 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.87%. A quarter ago, it was expected that this energy and utility company would post earnings of $1.53 per share when it actually produced earnings of $1.64, delivering a surprise of 7.19%.Over the last four ...

FORM10-Q For the quarterly period ended: March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------|--------------------------------------------------------------------------------------| | C HESAPEAKE (Exact nam ...

FOR IMMEDIATE RELEASE May 8, 2024 NYSE Symbol: CPK CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2024 RESULTS • Earnings per share ("EPS")* for the first quarter of 2024 was $2.07 compared to $2.04 per share for the first quarter of 2023 • Adjusted EPS** for the first quarter of 2024, which excludes transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), increased by three percent to $2.10 compared to $2.04 per share for the first qua ...

DOVER, Del., May 8, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.59 per share to $0.64 per share. The Board's action raises the 2024 annualized dividend by $0.20 from $2.36 to $2.56 per share, an 8.5 percent increase. The $0.64 per share dividend will be payable July 5, 2024 to all shareholders of record at the close of business on June 14, 2024. "Th ...

Public Service Commission Votes to Approve Programs Benefitting Delaware Residents DOVER, Del., April 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today the Delaware Public Service Commission voted to approve the Company's establishment of a portfolio of natural gas energy efficiency programs for Delaware. Chesapeake Utilities will partner with the Delaware Sustainable Energy Utility to deliver the programs, which are the first natural gas efficiency programs to be offered ...

Company Welcomes Lucia DempseyDOVER, Del., April 18, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced that Lucia Dempsey has joined the Company as head of investor relations, effective April 15.  Lucia Dempsey, Chesapeake Utilities Corporation, Head of Investor Relations Dempsey will be responsible for communicating to the investment community Chesapeake Utilities' strategy and commitment to being a leader in delivering energy that ensures a more sustainable future for our ser ...

DOVER, Del., April 16, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) issued its 2023 Safety and Reliability Report today, providing updates on the related topics most important to the Company's businesses, stakeholders and the communities we serve, including: Progress toward safety targets Employee and community engagement metrics, including first responder training Implementation of new programs and initiatives driven by our risk management mindset Reliability and resiliency efforts, i ...

I'd like to take a moment to highlight just a couple of the capital projects that we completed in 2023, and that will contribute to incremental margin in 2024. Eastern Shore Natural Gas completed its Southern Expansion project in the fourth quarter of 2023, which will produce adjusted gross margin of $2.3 million in 2024 and beyond. And Peninsula Pipeline completed its Beachside Pipeline Expansion early in the second quarter of 2023. That project contributed $1.8 million to our gross margin in 2023, and wil ...

Expect an average annual growth rate of approximately 3% for Florida and 4% for Delmarva over the next 5 years 1/ Source: EIA. Over the period 2019-2022, the latest year available, the average annual natural gas distribution customer growth rate in the U.S. was approximately 1%. 2/ FCG customer count reflects number of customers as of December 31, 2023 3/ U.S. Census Bureau, Population Division Clean Energy1 Total 9 10 1/ See appendix for GAAP to non-GAAP reconciliation for adjusted diluted earnings per sha ...

Full Year 2023 earnings per share ("EPS")* was $4.73, including transaction-related expenses attributable to the acquisition of Florida City Gas ("FCG") of $0.58 per share, compared to $5.04 per share in 2022 Adjusted EPS**, which excludes the transaction-related expenses, was $5.31 for the year ended 2023, or an increase of 5.4 percent over 2022 EPS for the fourth quarter of 2023 was $1.26, including transaction-related expenses of $0.38 per share, versus $1.47 per share for the fourth quarter of 2022 Ad ...