Chesapeake utilities corporation reports fiscal year 2023 results

Full year 2023 earnings per share ("eps")* was $4.73, including transaction-related expenses attributable to the acquisition of florida city gas ("fcg") of $0.58 per share, compared to $5.04 per share in 2022 adjusted eps**, which excludes the transaction-related expenses, was $5.31 for the year ended 2023, or an increase of 5.4 percent over 2022 eps for the fourth quarter of 2023 was $1.26, including transaction-related expenses of $0.38 per share, versus $1.47 per share for the fourth quarter of 2022 adjusted eps** for the fourth quarter of 2023 increased by 12 percent to $1.64 compared to the fourth quarter of 2022 adjusted gross margin** increased by $33.9 million during the year driven by regulatory initiatives, natural gas organic growth and continued pipeline expansion projects, increased propane margins and fees and incremental margin from fcg significantly warmer than normal temperatures impacted customer consumption throughout 2023, lowering both eps and adjusted eps by approximately $0.54 per share for the full year and $0.14 for the fourth quarter dover, del. , feb. 21, 2024 /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, 2023.
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