Chesapeake Utilities Reports Q3 Revenue Beat Amid Non-GAAP EPS Miss
Chesapeake Utilities (CPK) reported third-quarter financial results characterized by a divergence between top and bottom-line performance. The company achieved revenue of $195.8 million, representing a 9.0% increase year-over-year and exceeding market expectations by $9.15 million. Despite the revenue growth, the company's Non-GAAP earnings per share (EPS) of $0.89 fell short of analyst estimates by $0.05. This mixed result follows recent strategic moves, including the sale of a 49% stake in a Florida gas project to NextEra Energy.
Topics: earnings miss financial results non-GAAP EPS revenue beat