Chesapeake utilities corporation reports second quarter 2023 results

Earnings per share ("eps")* for the second quarter of 2023 was $0.90 compared to $0.96 per share for the second quarter of 2022 which included a non-recurring gain of $0.08 per share; operating income for the quarter grew 7.1 percent from the prior year quarter to $28.3 million year-to-date eps was $2.94 compared to $3.04 per share in the prior year customer consumption was significantly impacted by historically warmer temperatures during the quarter and the six months ended june 30, 2023, lowering eps by approximately $0.09 and $0.38 per share, respectively adjusted gross margin growth of $7.4 million was driven by regulatory initiatives, natural gas organic growth, increased demand for cng, rng and lng services and continued pipeline expansion projects multiple new project updates, including the announcement of two new pipeline projects that will drive future earnings growth reiteration of long-term earnings and capital expenditures guidance, including continued capital expenditure guidance of $200 million to $230 million for 2023 dover, del. , aug. 3, 2023 /prnewswire/ -- chesapeake utilities corporation (nyse: cpk) ("chesapeake utilities" or the "company") today announced financial results for the three and six months ended june 30, 2023.
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