Chesapeake Utilities (CPK) Misses Q3 EPS by 21c

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Go back to Chesapeake Utilities (CPK) Misses Q3 EPS by 21c

CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2022 RESULTS

November 2, 2022 4:39 PM EDT

Year-to-date earnings per share ("EPS")* of $3.58, an increase of $0.13 or 3.8 percent, compared to $3.45 in the prior year periodEPS of $0.54 in the third quarter, with year-over-year growth impacted by one-time, non-recurring items in the third quarter of 2021 and rising interest rates in 2022Higher performance during the first nine months of 2022 was driven by pipeline expansions, regulatory initiatives, natural gas organic growth, acquisition contributions, and higher earnings in the Company's unregulated businesses Secured long-term financing of $80 million to support the Company's capital structure and long-term growth strategyInterim... More