Chesapeake Utilities Q2 adjusted EPS misses analyst expectations

Chesapeake Utilities

06/08/2026 21:48

Overview
US diversified energy delivery firm's Q2 adjusted EPS missed analyst expectations
Company raised 2026 capital expenditure guidance to $550-$600 mln
Adjusted gross margin grew, driven by transmission expansion and regulatory initiatives

Outlook
Chesapeake Utilities raises 2026 capital expenditure guidance to $550-$600 mln
Company expects capital investment of $1.4 bln through 2026, over $2.2 bln for 2024-2028
Chesapeake Utilities reaffirms 2028 EPS guidance of $7.75-$8.00

Result Drivers
TRANSMISSION EXPANSIONS - Adjusted gross margin growth was primarily driven by natural gas transmission service expansions and interim services
REGULATORY INITIATIVES - Contributions from regulated infrastructure programs and rate changes supported margin growth
LOWER CUSTOMER CONSUMPTION - Changes in customer consumption and decreased CNG/RNG/LNG services negatively affected results

Company press release: ID:nPnbBNGsya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$1.05
$1.08 (4 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Chesapeake Utilities Corporation is $148.00, about 10.6% above its August 5 closing price of $133.84
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)