Chesapeake utilities corporation reports second quarter 2025 results
Net income and earnings per share ("eps")* were $23.9 million and $1.02, respectively, for the second quarter of 2025 and $74.8 million and $3.22, respectively, for the six months ended june 30, 2025 adjusted net income and adjusted eps**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of florida city gas ("fcg"), were $24.3 million and $1.04, respectively, for the second quarter of 2025 and $75.4 million and $3.25, respectively, for the six months ended june 30, 2025 adjusted gross margin** growth of $16.2 million and $34.1 million, respectively, for the three- and six-month periods ended june 30, 2025 driven by natural gas organic growth and transmission expansion projects, regulatory initiatives and infrastructure programs, increased compressed natural gas, renewable natural gas and liquified natural gas services, and increased customer consumption continued to execute the company's 2025 financing plan by issuing equity and increasing debt capacity, including a $200 million long-term debt agreement in august 2025 re-affirming 2025 adjusted eps guidance of $6.15 - $6.35, which assumes a successful outcome on the fcg depreciation study the company is increasing its 2025 capital guidance range to $375-$425 million in light of advances on various capital projects the company continues to affirm 2028 eps and 2024-2028 capital expenditure guidance dover, del. , aug. 7, 2025 /prnewswire/ -- chesapeake utilities corporation (nyse: cpk) ("chesapeake utilities" or the "company") today announced financial results for the three and six months ended june 30, 2025.
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