CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2026 RESULTS
Chesapeake Utilities reported Q1 net income of $59.3 million, or $2.47 per share, representing an 11.8% increase in EPS compared to the prior year. Adjusted gross margin grew by $23.8 million to $206.2 million, driven by regulatory initiatives, infrastructure programs, transmission expansions, and colder weather which boosted customer consumption.
Key figures
- Eps
- 2.47
- Revenue
- 353100000
- Guidance
- 2026 capital guidance $450M-$500M; 2024-2028 capital guidance $1.5B-$1.8B; 2028 EPS $7.75-$8.00
- Net income
- 59300000
- Capital investment
- 121900000
- Adjusted gross margin
- 206200000
AI analysis
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