Chesapeake Utilities Q4 2023 Earnings Report

Chesapeake Utilities EPS Results

• Actual EPS: $1.64
• Consensus EPS: $1.53
• Beat/Miss: Beat by +$0.11
• One Year Ago EPS: $1.47

Chesapeake Utilities Revenue Results

• Actual Revenue: $185.30 million
• Expected Revenue: $234.60 million
• Beat/Miss: Missed by -$49.30 million
• YoY Revenue Growth: -1.10%

Chesapeake Utilities Announcement Details

• Quarter: Q4 2023
• Date: 2/21/2024
• Time: After Market Closes

Chesapeake Utilities (NYSE:CPK) operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the United States; and sustainable energy investments. This segment is also involved in the provision of other unregulated services, such as energy-related merchandise sale and heating, ventilation and air conditioning, and plumbing and electrical services. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.