Chesapeake utilities corporation reports first quarter 2024 results

Earnings per share ("eps")* for the first quarter of 2024 was $2.07 compared to $2.04 per share for the first quarter of 2023 adjusted eps** for the first quarter of 2024, which excludes transaction and transition-related expenses attributable to the acquisition and integration of florida city gas ("fcg"), increased by three percent to $2.10 compared to $2.04 per share for the first quarter of 2023 adjusted gross margin** growth of $35.0 million during the first quarter driven by contributions from fcg, natural gas organic growth and continued pipeline expansion projects, additional customer consumption, and regulatory initiatives completed filings for seven projects representing more than $85 million of capital investment to support growth initiatives in florida, including for fcg warmer than normal temperatures in our delmarva and ohio service territories reduced operating income by approximately $1.5 million, or $0.05 per share dover, del. , may 8, 2024 /prnewswire/ -- chesapeake utilities corporation (nyse: cpk) ("chesapeake utilities" or the "company") today announced financial results for the three months ended march 31, 2024.
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