Filing Flows › Chesapeake Utilities (CPK) › Q1 2025
Chesapeake Utilities (CPK) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Chesapeake Utilities (CPK) reported revenue of $299M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +39% from the quarter before. Operating margin was 29.1%, net earnings $50.9M (17.0% of revenue).
Chesapeake Utilities, Q1 2025: revenue $299M (+22% year over year), operating margin 29.1%, net earnings $50.9M, operating cash flow $85.0M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $299M | +39% | +22% |
| Operating profit | $86.8M | +30% | +9% |
| Net earnings | $50.9M | +39% | +10% |
| Operating cash flow | $85.0M | +292% | -13% |
What changed
Revenue was $298.7M in Q1 2025, up 22% year over year and up 39% from the previous quarter.
Operating profit was $86.8M, a 29.1% margin (down 3.3 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, below the 32% margin then. Total costs grew 28% against revenue growth of 22%. Net earnings were $50.9M, up 10% year over year. The effective tax rate was 26.6%.
Operating cash flow was $85.0M (down 13% year over year), 167% of net earnings. Non-cash charges added back $22.5M of depreciation and amortization and $2.3M of share-based compensation. Working capital and other items added $9.3M. Capital expenditures of $113.8M exceeded it, leaving free cash flow of −$28.8M.
Questions
What was Chesapeake Utilities' revenue in the first quarter 2025?
Chesapeake Utilities (CPK) reported revenue of $299M for the first quarter 2025 (Q1 2025), +22% from a year earlier and +39% from the quarter before.
Was Chesapeake Utilities profitable in the first quarter 2025?
Operating profit was $86.8M (29.1% of revenue) and net earnings $50.9M.