Chesapeake Utilities Earnings Reports

Chesapeake Utilities Corporation reported a net income of $50.9 million for the first quarter of 2025, an increase from $46.2 million in the same period last year. Operating income also rose to $86.8 million from $79.6 million. Total operating revenues reached $298.7 million, up from $245.7 million, primarily due to increased customer consumption and growth in natural gas distribution businesses.

Chesapeake Utilities Corporation reported strong financial results for the fourth quarter of 2024, with net income increasing to $36.7 million and operating income rising to $66.9 million. Adjusted EPS for the quarter was $1.63. The company's performance was significantly boosted by the acquisition of Florida City Gas and various regulatory and infrastructure initiatives.

Chesapeake Utilities Corporation reported net income of $17.5 million, or $0.78 per share, for the third quarter of 2024. Adjusted net income was $18.1 million, or $0.80 per share, up 16% compared to the prior-year period. The results were driven by contributions from Florida City Gas, regulated infrastructure programs, pipeline expansion projects, and natural gas distribution businesses growth.

Chesapeake Utilities reported a net income of $18.3 million, or $0.82 per share, for the second quarter of 2024, compared to $16.1 million, or $0.90 per share, in the second quarter of 2023. Adjusted net income was $19.3 million, or $0.86 per share, compared to $16.1 million, or $0.90 per share, in the prior-year period. The Company affirmed its 2024 adjusted EPS guidance of $5.33 to $5.45 and capital expenditure guidance of $300 to $360 million.