Chesapeake utilities corporation reports fiscal year 2024 results

Net income and earnings per share ("eps")* were $118.6 million and $5.26, respectively, for the full year 2024, and $36.7 million and $1.60, respectively, for the fourth quarter of 2024  adjusted net income and adjusted eps**, which exclude transaction and transition-related expenses attributable to the acquisition of florida city gas ("fcg"), were $121.5 million and $5.39, respectively, for the full year 2024, and $37.3 million and $1.63 , respectively, for the fourth quarter of 2024 adjusted gross margin** increased by $113.3 million during the year driven by contributions from fcg, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion projects, and increased demand for virtual pipeline services achieved earnings guidance while accelerating return to target capital structure range; equity to total capitalization reaches 48.4 percent at december 31, 2024 dover, del. , feb. 26, 2025 /prnewswire/ -- chesapeake utilities corporation (nyse: cpk) ("chesapeake utilities" or the "company") today announced financial results for the year and the fourth quarter ended december 31, 2024.
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