Chesapeake Utilities (CPK) Misses Q1 EPS by 7c
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CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2023 RESULTS
May 3, 2023 4:49 PM EDTEarnings per share ("EPS")* was $2.04 for the first quarter of 2023, compared to $2.08 for the first quarter of 2022 Customer consumption was significantly impacted by historically warmer temperatures during the first quarter of 2023, generating a $0.29 reduction in EPSOffsetting lower consumption, adjusted gross margin growth was driven by regulatory initiatives, natural gas organic growth, increased demand for CNG, RNG and LNG services and continued pipeline expansion projects Obtained Final Rate Order for the Florida natural gas base rate case... More
