Chesapeake Utilities (CPK) Tops Q1 EPS by 13c

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Go back to Chesapeake Utilities (CPK) Tops Q1 EPS by 13c

Chesapeake Utilities Corporation Reports First Quarter 2021 Results

May 4, 2021 4:42 PM EDT

DOVER, Del., May 4, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its financial results for the first quarter of 2021. The Company's net income from continuing operations for the quarter ended March 31, 2021 was $34.5 million, or $1.96 per share, compared to $29.0 million, or $1.77 per share, for the same quarter of 2020. Higher earnings for the first quarter of 2021 reflected a return to more normal weather compared to weather in the first quarter of 2020 that was 20.4 percent warmer than normal. The Company's earnings also increased from pipeline expansion projects, favorable regulatory... More