Chesapeake Utilities (CPK) FY2024 results: revenue $787 million, up 17.4% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $787 million for fiscal 2024, the year ended 31 December 2024, up 17.4% on the year before. Net income was $119 million, up 36.0%, and diluted earnings per share $5.26. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2025.
Revenue
$787 million
+17.4% on the year
FY2017FY2024
Operating margin
29.0%
22.5% a year earlier
FY2017FY2024
Net income
$119 million
+36.0% on the year
FY2017FY2024
Diluted EPS
$5.26
+11.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
239
203
159
+17.7%
Capital expenditure
355
189
128
+88.4%
Free cash flow
-116
14.9
30.6
Free cash flow margin
-14.7%
2.2%
4.5%
Cash from investing
-350
-1,111
-136
Cash from financing
114
907
-21.2
-87.5%
Depreciation and amortisation
65.7
65.5
69.0
+0.3%
Share-based compensation
8.4
7.6
6.4
+10.5%
Buybacks
n/a
n/a
-4.5
Dividends paid
54.2
40.0
35.1
+35.5%
Dividend per share
$2.51
$2.31
$2.08
+8.9%
Diluted shares, weighted
23m
18m
18m
+22.2%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,390
1,246
833
+11.6%
Debt
1,484
1,386
802
+7.1%
Operating lease liabilities
8.7
10.6
12.4
-17.9%
Other liabilities
694
662
568
+4.8%
Total liabilities and equity
3,577
3,305
2,215
+8.2%
Fixed assets
2,736
2,456
1,810
+11.4%
Goodwill
508
508
46.2
-0.1%
Intangible assets
15.0
16.9
17.9
-11.2%
Cash and equivalents
7.9
4.9
6.2
+61.1%
Receivables
76.7
71.8
62.9
+6.8%
Other assets
234
247
271
-5.2%
Total assets
3,577
3,305
2,215
+8.2%
10-K for the year ended 31 December 2024, filed 26 February 2025: the filing.