CPK Earnings Prediction
The chart below shows how CPK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, CPK sees a -0.42% change in stock price 10 days leading up to the earnings, and a -1.31% change 10 days following the report. On the earnings day itself, the stock moves by +0.30%. This data can give you a slight idea of what to expect for the next quarter's release.
CPK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
160.14M
21.73%
-3.69%
Gross Margin
65.62%
12.34%
0.32%
Operating Margin
26.06%
42.09%
2.76%
Net Margin
10.93%
52.87%
-0.55%
EPS
0.78
47.17%
-4.88%
No Data Available
CPK Earnings Analysis
Chesapeake Utilities Corporation (CPK.N) Earnings Conference Call
Positive
Earnings Per Share Increase: 1. Strong Earnings Growth: Adjusted earnings per share for Q3 2024 was $0.80, a 15% increase compared to the same quarter last year, contributing to a year-to-date EPS of $3.76.
Margin Expansion Achievement: 2. Significant Margin Expansion: Adjusted gross margin reached approximately $122 million, up 29% from Q3 2023, driven by the addition of Florida City Gas and solid performance across all business segments.
Customer Base Expansion: 3. Robust Customer Growth: Both Delmarva and Florida experienced a 3.9% increase in residential customers in Q3 2024 compared to the same period last year, indicating strong demand for natural gas services.
Capital Investment Strategy: 4. Strong Capital Investment: Chesapeake Utilities invested $257 million in capital projects during the first nine months of 2024, with expectations to reach a total of $300 million to $360 million for the full year.
Dividend Growth Commitment: 5. Consistent Dividend Growth: The company has maintained a strong history of consistent dividend growth at approximately 9%, reflecting its commitment to returning value to shareholders while supporting future growth.
Negative
Operating Expenses Rise: 1. Increased Operating Expenses: Operating expenses related to Florida City Gas increased by $0.28 per share, contributing to overall cost pressures despite revenue growth.
Acquisition Financing Impact: 2. Acquisition Financing Costs: Approximately $0.46 per share was attributed to financing the Florida City Gas acquisition, impacting net earnings despite strong operational performance.
Rate Increase Requests: 3. Regulatory Rate Increase Requests: The company filed for a $12.1 million rate increase in Delaware and a $12.6 million rate increase in Florida, indicating potential pressure on customer rates and regulatory scrutiny.
Weather's Effect on Performance: 4. Weather Impact on Q4 Performance: The company noted a less favorable weather backdrop as they entered the fourth quarter, which could negatively affect demand and earnings.
Rising Payroll and Insurance Costs: 5. Increased Payroll and Insurance Expenses: There was a $0.02 per share increase in expenses related to payroll and insurance, contributing to overall rising operational costs.
CPK FAQs
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CPK Earning Call Sentiment
Chesapeake Utilities Corporation (CPK) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
CPK.N
0.49%Positive
The earnings call summary reveals strong financial performance, with significant increases in EPS, net income, and gross margins. The acquisition of Florida City Gas has positively impacted earnings, despite increased operating expenses. The consistent 9% dividend growth and favorable shareholder return strategy add to the positive outlook. The Q&A section highlights growth opportunities and operational synergies, although management's unclear response on RSAM introduces some uncertainty. Considering the market cap, the stock is likely to react positively, but not strongly, resulting in a prediction of a 2% to 8% increase.
