Strong Financial Performance
Adjusted gross margin increased by 29% from the third quarter of last year to approximately $122 million. Adjusted net income grew by 48% to approximately $18 million for the quarter and by 30% to approximately $84 million for the first 9 months of 2024.
Customer Growth
Both Delmarva and Florida service areas experienced a 3.9% increase in residential customers in the third quarter.
Capital Investment Progress
Invested $257 million in the first 9 months of 2024 with an expectation to reach $300 million to $360 million by year-end.
RNG Production and Environmental Milestones
Completed commissioning at Full Circle Dairy RNG facility and reported a 25% reduction in Scope 1 and Scope 2 greenhouse gas emissions since 2019.
Successful Integration and Synergies
Florida City Gas integration continues on track, revealing operational synergies and increased growth opportunities.