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Chesapeake Utilities (CPK)
NYSE:CPK
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Chesapeake Utilities (CPK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 19, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$1.67
Last Year’s EPS
$1.64
Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 07, 2024
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% Change Since: -3.61%
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Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance, customer growth, and effective capital investment, while also noting minimal impacts from hurricanes and ongoing regulatory challenges. Overall, the positive aspects, such as increased earnings and successful integration of acquisitions, outweighed the challenges.
Company Guidance
During Chesapeake Utilities Corporation's Q3 2024 earnings call, the company reaffirmed its full-year adjusted earnings per share (EPS) guidance of $5.33 to $5.45, supported by strong performance and growth expectations. The year-to-date EPS was reported at $3.76, with a quarterly adjusted EPS of $0.80. Chesapeake's capital investment plan of $300-360 million for 2024 is progressing well, with $257 million already invested. The company also highlighted a 3.9% increase in residential customer growth in both Delmarva and Florida regions and projected a 10-year EPS growth CAGR of approximately 8.5%. Additionally, Chesapeake announced $100 million in senior notes issuance to bolster its capital structure and maintain a strong balance sheet, with a target equity to total capitalization ratio of 50% to 60%.
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.
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Chesapeake Utilities (CPK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

CPK Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 19, 20252024 (Q4)
1.67 / -
1.64
Nov 07, 20242024 (Q3)
0.67 / 0.80
0.6915.94% (+0.11)
Aug 08, 20242024 (Q2)
0.81 / 0.86
0.9-4.44% (-0.04)
May 08, 20242024 (Q1)
2.08 / 2.10
2.042.94% (+0.06)
Feb 21, 20242023 (Q4)
1.55 / 1.64
1.4711.56% (+0.17)
Nov 02, 20232023 (Q3)
0.63 / 0.69
0.5427.78% (+0.15)
Aug 03, 20232023 (Q2)
0.96 / 0.90
0.96-6.25% (-0.06)
May 03, 20232023 (Q1)
2.11 / 2.04
2.08-1.92% (-0.04)
Feb 22, 20232022 (Q4)
1.41 / 1.47
1.2814.84% (+0.19)
Nov 02, 20222022 (Q3)
0.73 / 0.54
0.71-23.94% (-0.17)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPK Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024$120.92$124.00+2.55%
Aug 08, 2024$114.02$112.74-1.12%
May 08, 2024$108.74$109.60+0.79%
Feb 21, 2024$103.24$101.48-1.70%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does Chesapeake Utilities (CPK) report earnings?
Chesapeake Utilities (CPK) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
    What is Chesapeake Utilities (CPK) earnings time?
    Chesapeake Utilities (CPK) earnings time is at Feb 19, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is CPK EPS forecast?
          CPK EPS forecast for the fiscal quarter 2024 (Q4) is $1.67.
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