CPK
Chesapeake Utilities Corporation126.90
+0.07+0.06%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Key Stats
Market Cap
3.00BP/E (TTM)
22.54Basic EPS (TTM)
5.63Dividend Yield
0.02%Recent Filings
10-K
FY2025 results
Chesapeake Utilities drove FY2025 net income to $140.3M, up 18% y/y, with Regulated Energy contributing $119.7M on $54.8M adjusted gross margin growth from rate cases (Delaware $6.1M, Maryland $3.5M, Florida Electric $8.6M), infrastructure programs, and pipeline expansions like Miami Inner Loop and East Coast reinforcements that ramped in Q4. Unregulated Energy added $21.3M, fueled by Q4 colder weather boosting propane consumption 4.5M gallons (derived) and CNG/RNG services up $10.7M y/y, yet propane margins dipped. Q4 momentum accelerated via $22.8M from expansions and $41.1M regulatory wins, funding $470M capex from $234M operating cash flow; $1.5B long-term debt at year-end, revolver availability strong. No annual guidance disclosed. Pipeline integrity programs risk cost overruns.
8-K
Record EPS, capex guidance
Chesapeake Utilities posted record 2025 net income of $140.3 million and adjusted EPS of $6.01, up 12% from $5.39, fueled by $71.1 million adjusted gross margin growth from transmission expansions, rate cases, and infrastructure. Capital spending hit $470.4 million. Growth persists. Guides 2026 capex at $450-$500 million, 2028 EPS $7.75-$8.00.
10-Q
Q3 FY2025 results
Chesapeake Utilities posted Q3 revenue of $179.6M, up 12.1% y/y, with operating income at $45.0M (+10.0% y/y) on regulated growth from pipeline expansions and rate cases like Delaware ($6.1M annual increase) and Florida electric ($8.6M). Diluted EPS held steady at $0.82 despite 4.8% more shares, reconciling cleanly to 23,629K diluted weighted average. Operating cash flow through 9M reached $198.3M; free cash flow not disclosed in the 10-Q. Long-term debt climbed to $1.5B (various senior notes, avg ~5%) with $350M revolver availability after $95.8M draw; $76M equity raised via ATM/DRIP. Pipeline projects added $6.9M adjusted gross margin. Regulatory delays could slow capex returns.
8-K
Q3 profits rise, capex up
Chesapeake Utilities posted Q3 net income of $19.4M ($0.82/share), up from $17.5M, with adjusted figures at $19.5M ($0.82/share) excluding FCG costs. Adjusted gross margin surged 12.5% to $137.2M on transmission expansions and regulatory wins, yet higher depreciation offset gains. Capex guidance rose to $425-450M. EPS outlook holds at $6.15-$6.35.
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.
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