Chesapeake Utilities (CPK) Misses Q1 EPS by 5c

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Go back to Chesapeake Utilities (CPK) Misses Q1 EPS by 5c

Chesapeake Utilities Corporation Reports First Quarter 2020 Results

May 6, 2020 4:30 PM EDT

DOVER, Del., May 6, 2020 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its first quarter financial results. The Company's net income for the quarter ended March 31, 2020 was $28.9 million, compared to $28.7 million for the same quarter of 2019. Earnings per share for the quarter ended March 31, 2020 increased $0.02 to $1.76 per share, compared to the same quarter of 2019.

Earnings for the first quarter reflect increased gross margin from recently completed and ongoing pipeline expansion projects, incremental margins from the acquisition of certain assets of Boulden Inc. ("Boulden"), organic growth... More