Chesapeake Utilities 1Q Profit Rises 13 Percent
DOVER, Del. (AP) ¿ Chesapeake Utilities Corp. said Monday its first-quarter profit rose 13 percent as the utility company added customers and improved performance as its propane and natural gas subsidiaries.
The Dover, Del.-based company earned $8.6 million, or $1.24 per share, up from $7.6 million, or $1.10 per share, during the same period a year prior. Revenue rose 4 percent to $104.5 million from $100.3 million.
Analysts polled by Thomson Reuters expected profit of $1.16 per share.
Chesapeake distributes natural gas to homes and businesses in Delaware, Maryland and Florida. Part of the revenue boost came from colder weather in the Delmarva Peninsula, which includes parts of Delaware, Maryland, and Virginia.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV