Chesapeake Utilities Capital Expenditures Guidance Ranges From $900M-$1.1B For The 5-Years Ended 2025, While The EPS Guidance Range Is $6.15-$6.35 Per Share For 2025
Portfolio Pulse from Happy Mohamed
Chesapeake Utilities has reaffirmed its long-term capital expenditures and EPS guidance ranges. The company's capital expenditures are expected to range from $900 million to $1.1 billion for the five years ending in 2025. The EPS guidance range is $6.15 to $6.35 per share for 2025. Capital expenditures for the six months ended June 30, 2023, were $91.9 million, and the full-year estimate for 2023 continues to range from $200 million to $230 million.
August 04, 2023 | 2:45 pm
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POSITIVE IMPACT
Chesapeake Utilities' reaffirmation of its long-term capital expenditures and EPS guidance could provide stability and confidence to investors. The company's capital expenditures are expected to range from $900 million to $1.1 billion for the five years ending in 2025, and the EPS guidance range is $6.15 to $6.35 per share for 2025.
Reaffirmation of long-term guidance by a company often provides stability and confidence to investors as it indicates the company's confidence in its future performance. In this case, Chesapeake Utilities' reaffirmation of its capital expenditures and EPS guidance could be seen as a positive signal by investors, potentially leading to a positive impact on the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100