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

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)