Chesapeake Utilities (NYSE: CPK) reported Q1 EPS of $2.10, $0.01 worse than the analyst estimate of $2.11. Revenue for the quarter came in at $245.74 million versus the consensus estimate of $265.29 million.

GUIDANCE:

Chesapeake Utilities sees FY2024 EPS of $5.33-$5.45, versus the consensus of $5.37.

From a longer-term perspective, the Company is also reaffirming its previously announced capital expenditure guidance for the five-year period ended 2028 that will range from $1.5 billion to $1.8 billion. This investment profile is projected to result in a 2025 EPS guidance range of $6.15 to $6.35, as well as a 2028 EPS guidance range of $7.75 to $8.00 per share. This implies an EPS growth rate of approximately 8 percent from the previous 2025 EPS guidance range, or since 2018, an 8.5 percent growth rate.

For earnings history and earnings-related data on Chesapeake Utilities (CPK) click here.