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Chesapeake Utilities Corporation Reports First Quarter 2021 Results


Chesapeake Utilities Corporation Reports First Quarter 2021 Results
- Earnings per share ( EPS ) from continuing operations was $1.96 for the first quarter of 2021, an increase of $0.19, or 10.7 percent, compared to $1.77 for the first quarter of 2020
- Strong performance driven by over $17 million in additional gross margin for the quarter
- Natural gas expansion projects, regulatory initiatives and contributions from 2020 acquisitions generated $7.2 million in additional gross margin during the quarter
- Return to more normal temperatures in the first quarter of 2021 increased gross margin by $6.4 million
- Capital investments of $48.7 million for the quarter align with the 2021 capital forecast
- Capital structure at the end of the first quarter of 2021 was 52 percent equity to total capitalization ....

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Mexico moves closer to modifying rules of the fuels market


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The lower house of Mexico s congress April 14 approved by a sweeping majority a proposed bill, presented by President Andrés Manuel López Obrador, that modifies the existing hydrocarbons law. The bill moved to the Senate where it will be discussed and voted on in the coming days.
The bill, as approved, toughens the requirements for obtaining permits to import, export, transport, and distribute liquid fuels in the country. It allows regulators to cancel existing permits if companies are involved in theft or contraband, and allows them to cancel permits based on storage capacity requirements and also if the authority considers the operations pose an imminent danger to national security or the country s economy. ....

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Chesapeake Utilities Corp (CPK) Q4 2020 Earnings Call Transcript


Chesapeake Utilities Corp (CPK) Q4 2020 Earnings Call Transcript
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Chesapeake Utilities Corp (NYSE: CPK)
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Operator
Greetings, and welcome to the Chesapeake Utilities Corp. fourth quarter and annual 2020 financial results. [Operator Instructions] As a reminder, this conference is being recorded, Thursday, February 25, 2021. I would now like to turn the conference over to Beth Cooper, Executive Vice President and Chief Financial Officer. Please go ahead.
This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call you ....

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