Chesapeake Utilities Corporatio
128.52-3.28 (-2.49%)
Oct 29, 4:00:02 PM EDT · NYSE · CPK · USD
Key Stats
Market Cap
3.03BP/E (TTM)
22.99Basic EPS (TTM)
5.59Dividend Yield
0.02%Recent Filings
8-K
Board appoints finance expert
Chesapeake Utilities expanded its board from seven to eight directors, appointing independent expert Elisabeth A. Eden as a Class II director effective September 15, 2025, with her Audit Committee role strengthening financial oversight. Eden receives prorated retainers of $90,000 cash and $120,000 equity, plus $8,500 for committee service, issued under the 2023 SICP. No related arrangements exist. This bolsters governance amid utility sector scrutiny.
8-K
Secures $200M senior notes
Chesapeake Utilities secured $200 million in unsecured senior notes on August 1, 2025, with $150 million funded immediately and the rest by September 15, comprising series maturing in 2028, 2030, and 2031 at rates of 4.88%, 5.02%, and 5.16%. This bolsters liquidity alongside a one-year extension of its $250 million 364-day revolver to August 4, 2026. Terms include prepayment options and covenants limiting liens. Yet debt rises.
10-Q
Q2 FY2025 results
Chesapeake Utilities posted solid Q2 results, with operating revenues climbing 16% year-over-year to $192.8 million, fueled by regulated energy growth and pipeline expansions, while unregulated segments held steady amid softer propane demand. Operating income rose 23% to $50.3 million, reflecting $14.4 million in adjusted gross margin gains from rate cases, infrastructure programs like GUARD and SAFE, and natural gas customer additions—yet higher depreciation and maintenance costs tempered the lift. Diluted EPS hit $1.02, up 24% from last year, aligning with 23,402 thousand shares; free cash flow stood at $92.5 million after $47.4 million in capex. Liquidity remains robust with $1.5 million in cash, $197.1 million revolver availability, and $1.3 billion in long-term debt at blended rates around 5%. Pipeline projects in Florida and Ohio promise further upside. Still, regulatory delays could snag momentum.
8-K
Q2 EPS surges 21% on growth
Chesapeake Utilities reported Q2 2025 net income of $23.9 million, or $1.02 per share, up from $18.2 million last year, while adjusted figures excluding FCG integration costs hit $24.3 million and $1.04 per share—a 21% EPS jump fueled by 13% adjusted gross margin growth to $142.8 million from regulatory wins, pipeline expansions, and rising CNG/RNG/LNG demand. Year-to-date, adjusted EPS climbed 10% to $3.25 amid colder weather boosting consumption, yet propane margins dipped. The company raised 2025 capex to $375-$425 million for infrastructure pushes, reaffirming adjusted EPS guidance of $6.15-$6.35; integration costs are fading.
8-K
Director resigns over job change
Chesapeake Utilities Corporation's board accepted Stephanie N. Gary's resignation as a Class I director and Audit Committee member on July 25, 2025, due to a change in her employment. The departure stems from corporate governance guidelines, with no disagreements on operations or policies. Smooth transition ahead.
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