Chesapeake Utilities Q3 net income rises, reaffirms 2025 EPS guidance

Chesapeake Utilities

06/11/2025 22:00

Overview

Chesapeake Utilities Q3 2025 net income rises to $19.4 mln from $17.5 mln in 2024

Adjusted EPS for Q3 2025 remains at $0.82, driven by natural gas demand

Company increases 2025 capital guidance to $425-$450 mln

Outlook

Chesapeake Utilities reaffirms 2025 EPS guidance of $6.15 to $6.35

Company increases 2025 capital guidance to $425-$450 mln

Chesapeake Utilities reaffirms 2028 EPS guidance of $7.75 to $8.00

Result Drivers

NATURAL GAS EXPANSION - Adjusted earnings driven by natural gas transmission service expansions and infrastructure programs

INCREASED CNG/RNG/LNG SERVICES - Higher demand for compressed, renewable, and liquified natural gas services contributed to earnings

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
$19.4 mln
Q3 Operating Income
$45 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "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 Corp is $141.00, about 7.6% above its November 5 closing price of $130.33

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nPnbQnnvJa

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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.)