Chesapeake Utilities Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Chesapeake Utilities (NYSE:CPK) Full Year 2024 Results

Key Financial Results

• Revenue: US$787.2m (up 17% from FY 2023).
• Net income: US$118.6m (up 36% from FY 2023).
• Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$5.28 (up from US$4.75 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Chesapeake Utilities EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Gas Utilities industry in the US.

Performance of the American Gas Utilities industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Chesapeake Utilities (1 makes us a bit uncomfortable) you should be aware of.

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