Chesapeake Utilities (NYSE:CPK) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$166.3m (up 23% from 2Q 2023).

• Net income: US$18.3m (up 13% from 2Q 2023).

• Profit margin: 11% (in line with 2Q 2023).

• EPS: US$0.82.

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

Chesapeake Utilities Revenues Disappoint

Revenue missed analyst estimates by 15%. Earnings per share (EPS) was mostly in line with analyst estimates.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Gas Utilities industry in the US.

Performance of the American Gas Utilities industry.

The company's shares are down 1.3% from a week ago.

Risk Analysis

We should say that we've discovered 3 warning signs for Chesapeake Utilities (1 is potentially serious!) that you should be aware of before investing here.

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