Chesapeake utilities corporation reports first quarter 2023 results

Earnings per share ("eps")* was $2.04 for the first quarter of 2023, compared to $2.08 for the first quarter of 2022 customer consumption was significantly impacted by historically warmer temperatures during the first quarter of 2023, generating a $0.29 reduction in eps offsetting lower consumption, adjusted gross margin growth was driven by regulatory initiatives, natural gas organic growth, increased demand for cng, rng and lng services and continued pipeline expansion projects obtained final rate order for the florida natural gas base rate case with new permanent rates effective in march 2023 reiteration of long-term earnings and capital expenditures guidance, including continued capital expenditure guidance of $200 million to $230 million for 2023 dover, del. , may 3, 2023 /prnewswire/ -- chesapeake utilities corporation (nyse: cpk) ("chesapeake utilities" or the "company") today announced financial results for the first quarter of 2023.
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