Chesapeake Utilities (CPK) Misses Q3 EPS by 15c

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Go back to Chesapeake Utilities (CPK) Misses Q3 EPS by 15c

Chesapeake Utilities Corporation Reports Third Quarter 2018 Results

November 8, 2018 5:06 PM EST

DOVER, Del., Nov. 8, 2018 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced third quarter financial results. The Company's net income for the quarter ended September 30, 2018 was $5.5 million, compared to $6.8 million for the same quarter of 2017. Earnings per share ("EPS") for the quarter ended September 30, 2018 were $0.34, compared to $0.42 per share for the same quarter of 2017 although year-to-date performance remains strong (as discussed below). During the third quarter, continued growth in the natural gas transmission operations was offset by seasonality, lower propane margins and lower operating income for... More