CPK - Chesapeake Utilities GAAP EPS of $1.47 beats by $0.08 revenue of $187.3M beats by $1.24M

• Chesapeake Utilities press release ( NYSE: CPK ): Q4 GAAP EPS of $1.47 beats by $0.08 .
• Revenue of $187.3M (+16.8% Y/Y) beats by $1.24M .
• Average Return on Equity (“ROE”) in 2022 of 11.1 percent – marks 18th consecutive year with ROE at or above 11 percent
• Year-over-year growth driven by pipeline expansions, regulatory initiatives, natural gas organic growth, acquisition contributions, and higher earnings in the Company’s unregulated businesses
• Received approval for the Florida natural gas rate case with the final order expected to be issued in March 2023
• Long-term earnings and capital expenditures guidance have been updated, with newly announced capital expenditure guidance of $200 million to $230 million for 2023

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