US EditionCHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2025 RESULTS
- Chesapeake Utilities Corporation reported net income of $50.9 million and EPS of $2.21 for Q1 2025 ending March 31, announced on May 7, 2025 in Dover, Del.
- This performance follows increased customer consumption driven by colder temperatures in Mid-Atlantic and Ohio regions, plus gains from regulatory initiatives and infrastructure programs.
- Adjusted gross margin increased by $17.9 million to $182.4 million, driven by higher customer usage, favorable regulatory and infrastructure developments, growing demand for virtual pipeline services, expansion within the natural gas sector, and ongoing pipeline growth initiatives.
- The company reconfirmed its earnings per share forecast for 2025 at a range between $6.15 and $6.35, alongside planned investments ranging from $325 million to $375 million, while anticipating an average annual EPS increase of 8% through 2028.
- CEO Jeff Householder stated incremental earnings will be weighted toward Q4 2025 due to capital projects and regulatory timing, as the company advances three growth pillars and rate cases.
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CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2025 RESULTS
Net income and earnings per share ("EPS")* were $50.9 million and $2.21, respectively, for the first quarter of 2025 compared to $46.2 million and $2.07, respectively, for the first quarter of 2024Adjusted net income and Adjusted EPS**, which exclude transaction…
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