Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) today reported first quarter financial results. The Company’s net income for the three months ended March 31, 2015 was $21.1 million, or $1.44 per share. This represents an increase of $3.4 million, or $0.22 per share, over the same quarter in 2014.
“We are off to a great start in 2015. Continued growth from natural gas service expansions, customer growth and the impact of regulatory initiatives, such as the Florida Gas Reliability Infrastructure Program (“GRIP”) and a base rate adjustment, contributed to our strong performance. In addition, our results were further aided by colder weather and higher retail propane margins,” stated Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation.
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