Chesapeake Utilities Reaffirms 2025 EPS Guidance Range Of $6.15-$6.35 & 2028 EPS Guidance Range Of $7.75-$8.00; Expects 2024 EPS Of $5.33- $5.45 (Est $5.38)
Portfolio Pulse from Benzinga Newsdesk
Chesapeake Utilities reaffirmed its EPS guidance for 2025 ($6.15-$6.35) and 2028 ($7.75-$8.00), and expects 2024 EPS to be between $5.33 and $5.45, aligning with estimates of $5.38. The company also continues to support its capital expenditure guidance for 2028, ranging from $1.5 billion to $1.8 billion, and affirms its 2024 capital expenditure guidance of $300 million to $360 million.
February 21, 2024 | 9:54 pm
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Chesapeake Utilities reaffirmed its future EPS guidance and capital expenditure plans, indicating confidence in its financial outlook and growth strategy.
Reaffirming EPS guidance and capital expenditure plans suggests Chesapeake Utilities is confident in its financial health and growth trajectory. This transparency and consistency in financial planning can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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