Chesapeake Utilities (CPK) Misses Q4 EPS by 15c
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Chesapeake Utilities Corporation Reports Ninth Consecutive Year Of Record Earnings
February 25, 2016 6:30 AM ESTDOVER, Del., Feb. 25, 2016 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for both the year and the fourth quarter ended December 31, 2015. The Company's net income for the year ended December 31, 2015 was $41.1 million, or $2.72 per share, an increase of $5.0 million, or $0.25 per share, compared to 2014. The growth in net income and earnings per share in 2015 occurred despite the impact of significantly warmer temperatures, particularly in the fourth quarter of 2015. The Company estimates that the impact of warmer temperatures in 2015 reduced earnings by $2.7 million or... More
