Chesapeake Utilities reports lower net income for quarter

Chesapeake Utilities Corporation today reported less robust second quarter financial results.

The company’s net income for the quarter ended June 30 was $6 million, compared to $8 million in the same quarter of 2016.

Earnings per share 37 cents, compared to 52 cents for the same quarter of 2016.

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The decline in net income reflected expenses, investments to generate growth and the impact of the Delmarva Peninsula’s warm weather.

– Digital Partners -