Chesapeake Utilities(US:CPK)2025-11-07 13:30Financial Performance - Adjusted Gross Margin increased to $137.2 million, up 12% from $122 million in Q3 2024[13, 20] - Adjusted Net Income rose to $19.5 million, an 8% increase compared to $18.1 million in Q3 2024[20, 69] - Adjusted EPS reached $0.82, a 3% increase from $0.80 in Q3 2024[20, 69] - Year-to-date Adjusted Gross Margin was $462.4 million, up 12% from YTD 2024[21] - Year-to-date Adjusted EPS was $4.06, up 8% from YTD 2024[16, 21] Capital Investment and Guidance - Capital investment increased by 27% to $123 million, from $97 million in Q3 2024[13] - The company is increasing its 2025 capital expenditure guidance to $425 - $450 million[14, 25] - The company reaffirmed its 2025 EPS guidance of $6.15 - $6.35, representing growth of 14% - 18%[14, 23, 26] Growth and Expansion - Customer growth increased by 3.2% in average natural gas residential customers[13] - The company has identified approximately $1.4 billion of capital projects supporting its 5-year CapEx guidance of $1.5 - $1.8 billion[49] - $200 million of long-term debt was issued in Q3 2025 to maintain balance sheet strength and flexibility[14, 91]