Chesapeake Utilities Q2 EPS of $0.86 missed estimates by $0.02 despite 22.6% YoY revenue growth.

Chesapeake Utilities (CPK) reported Q2 earnings of $0.86 EPS, missing the consensus estimate of $0.88 by $0.02. Revenue increased 22.6% YoY to $166.3M. The company updated its FY24 guidance to $5.33-$5.45 EPS and announced a quarterly dividend of $0.64 per share, yielding 2.25%. CPK operates in natural gas distribution, regulated natural gas transmission, and regulated electric distribution.

August 10, 2024
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