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CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2025 RESULTS
Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three months ended March 31, 2025.
About this update from Chesapeake Utilities Corporation
[{"type":"list","items":[{"val":[{"type":"text","content":"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 2024","length":207,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $51.1 million and $2.22, respectively, for the first quarter of 2025 compared to $46.8 million and $2.10, respectively for the first quarter of 2024","length":338,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted gross margin** growth of $17.9 million during the first quarter of 2025 driven by customer consumption, regulatory initiatives and infrastructure programs, increased demand for virtual pipeline services, natural gas organic growth and transmission expansion projects","length":275,"tagName":"p"}]},{"val":[{"type":"text","content":"Significant regulatory activity to date that will help drive the Company's results for the remainder of the year","length":116,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company continues to affirm 2025 and 2028 EPS and capital expenditure guidance","length":82,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1018,"olType":false},{"type":"text","content":"DOVER, Del., May 7, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three months ended March 31, 2025.","length":229,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Chesapeake Utilities Corporation)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Chesapeake Utilities Corporation)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":75,"url":"https://media.zenfs.com/en/prnewswire.com/c39bf1b143adaef1072844456514043d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/eDBPNViL13mzHwUIwJ_oSA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/c39bf1b143adaef1072844456514043d","width":400,"height":75}},"href":"https://mma.prnewswire.com/media/1836764/Chesapeake_Utilities_Corporation_Logo.html","hrefExternal":true,"...