Back to top
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
Image: Bigstock
Chesapeake Utilities (CPK) Beats on Q1 Earnings & Revenues
Chesapeake Utilities Corporation (CPK - Free Report) reported first-quarter 2018 operating earnings of $1.40 per share, which beat the Zacks Consensus Estimate of $1.34 by 4.48%.
The company reported GAAP earnings of $1.64 per share, which improved from the year-ago quarter’s figure of $1.17 by 40.2%. Adjustments included a realized MTM gain of 24 cents.
Total Revenues
Chesapeake Utilities’ total revenues of $239.4 million beat the Zacks Consensus Estimate of $207 million by 15.6%. Further, revenues rose 29.3% from $185.2 million in the prior-year quarter.
The top line improved on higher revenues in Regulated Energy, Unregulated Energy and other segments.
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise
Chesapeake Utilities Corporation Price, Consensus and EPS Surprise | Chesapeake Utilities Corporation Quote
Quarterly Highlights
Chesapeake Utilities’ operating expenses were $198.9 million, up 32.6% from $150 million in the year-ago quarter.
The company incurred interest expenses of $3.6 million, up 33.7% from $2.7 million in the prior-year quarter.
Operating income came in at $40.4 million, up 15.1% from $35 million in the prior-year quarter.
Financial Condition
As of Mar 31, 2018, Chesapeake Utilities had cash and cash equivalents of $5.99 million compared with $5.61 million as of Dec 31, 2017.
Long-term debt (excluding current maturities) was $222 million as of Mar 31, 2018, up from the 2017-end level of $197.4 million.
Zacks Rank
Chesapeake Utilities carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Utility - Gas Distribution Releases
ONEOK Inc (OKE - Free Report) posted first-quarter 2018 operating earnings of 64 cents per share, beating the Zacks Consensus Estimate of 62 cents by 3.32%.
Sempra Energy’s (SRE - Free Report) first-quarter 2018 adjusted earnings per share of $1.43 lagged the Zacks Consensus Estimate of $1.67 by 14.4%.
MDU Resources Group Inc. (MDU - Free Report) reported first-quarter 2018 operating earnings of 22 cents per share, beating the Zacks Consensus Estimate of 21 cents.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>