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Chesapeake Utilities: 1Q Earnings Snapshot

DOVER, Del. (AP) _ Chesapeake Utilities Corp. (CPK) on Wednesday reported first-quarter profit of $28.7 million.

The Dover, Delaware-based company said it had net income of $1.74 per share. Earnings, adjusted for non-recurring gains, came to $1.68 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.60 per share.

The energy and utility company posted revenue of $227.6 million in the period.

Chesapeake Utilities shares have increased 14% since the beginning of the year. The stock has increased 22% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CPK at https://www.zacks.com/ap/CPK