Chesapeake Utilities Corporation Reports First Quarter 2021 Results
- Earnings per share ("EPS")* from continuing operations was $1.96 for the first quarter of 2021, an increase of $0.19, or 10.7 percent, compared to $1.77 for the first quarter of 2020
- Strong performance driven by over $17 million in additional gross margin** for the quarter
- Natural gas expansion projects, regulatory initiatives and contributions from 2020 acquisitions generated $7.2 million in additional gross margin during the quarter
- Return to more normal temperatures in the first quarter of 2021 increased gross margin by $6.4 million
- Capital investments of $48.7 million for the quarter align with the 2021 capital forecast
- Capital structure at the end of the first quarter of 2021 was 52 percent equity to total capitalization