trending Market Intelligence /marketintelligence/en/news-insights/trending/qamlujtdrkthvqtmwsvgoq2 content esgSubNav
Log in to other products


Looking for more?

Contact Us
In This List

Chesapeake Utilities' Q2 results fall short of estimates

European Energy Insights February 2021


Global M&A Infographic Q1 2021


Q1 2021 Global Capital Markets Activity: SPAC IPOs, Issuance in Consumer Discretionary Sector Surge


COVID-19 Impact & Recovery: Private Equity

Chesapeake Utilities' Q2 results fall short of estimates

Chesapeake Utilities Corp. on Aug. 9 posted adjusted net income of $7.8 million, or 48 cents per share, for the second quarter.

The S&P Global Market Intelligence consensus normalized EPS estimate for the second quarter was 51 cents.

GAAP earnings were $6.4 million, or 39 cents per share, compared with $6.0 million, or 37 cents per share, in the same quarter a year earlier.

Total operating revenue was $136.7 million, growing from $125.1 million a year earlier. Operating income was $13.2 million, a decrease from $14.1 million in the prior-year period.

Chesapeake Utilities' earnings reflected effects of investments in system expansions and reliability and continued growth in regulated natural gas, propane and electric operations, as well as of the lower tax rate from the Tax Cuts and Jobs Act on the unregulated energy segment.