Chesapeake Utilities ( (CPK) ) has released its Q4 earnings. Here is a breakdown of the information Chesapeake Utilities presented to its investors.
Chesapeake Utilities Corporation, a diversified energy delivery company, operates in the natural gas, electricity, and propane distribution sectors, offering sustainable energy solutions. The company reported strong financial results for the fiscal year 2024, with a net income of $118.6 million and earnings per share of $5.26, marking a significant increase from the previous year. Key drivers of this growth included the acquisition of Florida City Gas, regulatory initiatives, and expansion projects. Chesapeake Utilities also achieved its earnings guidance and maintained a robust capital structure with an equity-to-total capitalization ratio of 48.4%. Looking ahead, the company reaffirms its earnings guidance for 2025 and 2028, projecting continued growth supported by strategic investments and regulatory approvals.