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Chesapeake Utilities Corporation Reports Record Results For Fiscal Year 2020; Updates Earnings And Capital Guidance


Chesapeake Utilities Corporation Reports Record Results For Fiscal Year 2020; Updates Earnings And Capital Guidance
- Earnings Per Share ( EPS ) increased to $4.26 in 2020 from $3.96 in 2019
- 2020 EPS from continuing operations was a record $4.21, an increase of $0.49 or 13.2 percent over 2019
- Fourth quarter 2020 EPS from continuing operations increased $0.20, or 19.2 percent
- Expansion projects, customer growth, and pipeline replacement programs generated $15.5 million in additional gross margin for 2020
- Finalization of the Hurricane Michael regulatory proceeding resulted in $10.9 million in gross margin
- Acquisitions completed in 2019 and 2020 added $5.3 million in incremental gross margin
- Pipeline expansion projects and full year impact of acquisitions completed in 2020 are expected to further enhance growth going forward ....

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SJI Reports 2020 Financial Results


SJI Reports 2020 Financial Results
Announces Renewable Natural Gas Investment
FOLSOM, NJ, Feb. 24, 2021 (GLOBE NEWSWIRE)
Investor Contact:
Announces Renewable Natural Gas Investment
FOLSOM, NJ (February 24, 2021) – SJI (NYSE: SJI) today reported operating results for its 2020 full year and fourth quarter ended December 31, 2020. Highlights include:
2020 GAAP earnings of $1.62 per diluted share compared to $0.84 per diluted share in 2019
2020 Economic Earnings of $1.68 per diluted share compared to $1.12 per diluted share in 2019
2020 GAAP/Economic Earnings include $0.13 per diluted share in nonrecurring items adjustments for certain tax benefits ($.07), adjustments to SJG’s rate design ($.03) and pipeline supplier refunds ($.03)
Significant improvement in 2020 financial results, despite historic challenge of COVID pandemic, driven by increased profitability from Utility and Non-Utility operations ....

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