Chesapeake Utilities Corporation operates as an energy delivery company. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages in the propane operations in the Mid-Atlantic region and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; and provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
IPO Year:
Exchange: NYSE
Website: chpk.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/30/2024 | $111.00 | Equal Weight | Barclays |
| 1/10/2024 | $111.00 → $123.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/16/2023 | $115.00 → $100.00 | Underweight → Equal Weight | Wells Fargo |
| 10/12/2023 | $100.00 | Buy | Ladenburg Thalmann |
| 3/2/2022 | $124.00 → $126.00 | Sector Perform | RBC Capital |
8-K - CHESAPEAKE UTILITIES CORP (0000019745) (Filer)
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10-K - CHESAPEAKE UTILITIES CORP (0000019745) (Filer)
8-K - CHESAPEAKE UTILITIES CORP (0000019745) (Filer)
8-K - CHESAPEAKE UTILITIES CORP (0000019745) (Filer)
DOVER, Del., May 28, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced the appointment of Abhijit ("Abhi") Bhatwadekar as vice president and chief information officer (CIO), effective June 13, 2025. In his new role, Bhatwadekar will lead Chesapeake Utilities' technology strategy and operations, with responsibility for IT infrastructure, enterprise applications, cybersecurity, data management and vendor partnerships. As CIO, he will play a critical role in aligning technology initiatives with business objectives, supporting the Company's growth strateg
Net income and earnings per share ("EPS")* were $50.9 million and $2.21, respectively, for the first quarter of 2025 compared to $46.2 million and $2.07, respectively, for the first quarter of 2024Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $51.1 million and $2.22, respectively, for the first quarter of 2025 compared to $46.8 million and $2.10, respectively for the first quarter of 2024Adjusted gross margin** growth of $17.9 million during the first quarter of 2025 driven by customer consumption, regulatory initiatives and infrastructure programs, increased
DOVER, Del., May 7, 2025 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.64 per share to $0.685 per share. The Board's action raises the 2025 annualized dividend by $0.18 from $2.56 to $2.74 per share, a 7 percent increase. The $0.685 per share dividend will be payable July 7, 2025 to all shareholders of record at the close of business on June 16, 2025. "The Board's decision to increase the annualized dividend rate reflects our
DOVER, Del., April 22, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) will host a conference call on Thursday, May 8, 2025 at 8:00 a.m. ET to discuss the Company's financial results for the first quarter ended March 31, 2024. The earnings press release will be issued on Wednesday, May 7, 2025, after market close. To listen to the Company's conference call via live webcast, please register here prior to the call. The accompanying presentation will also be available in the registration link for listeners to follow along during the webcast. For investors and ana
DOVER, Del., April 7, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) today announced that video recordings of the presentation and panel discussions from the Company's recent 2025 Investor Day are now available to view via web replay on its Investor Relations site: https://investorevent.chpk.com/recap/. The 2025 Investor Day event held March 12-13 at the Kennedy Space Center in Cape Canaveral, Florida, brought together members of the Chesapeake Utilities leadership team and the financial community. In addition to a tour of the newly-commissioned Safety Town i
DOVER, Del., April 2, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) celebrates the 10-year anniversary of its Ohio subsidiary. On April 1, 2015, the Company completed the merger of Gatherco Inc. into Aspire Energy of Ohio LLC to deliver energy through natural gas midstream services, processing and transportation services. Since the merger, the Ohio team has significantly improved the safety, resiliency, and reliability of the natural gas systems, while continuing to meet the growing needs of customers and communities. In a state with a robust workforce, low
DOVER, Del., March 10, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) ("Chesapeake" or the "Company") today announced that Fitch Ratings ("Fitch") has issued an inaugural investment grade credit rating for the Company. Fitch has assigned a Long-Term Issuer Default Rating ("IDR") of BBB+ to the Company with a Stable outlook and an A- instrument rating to Chesapeake's senior unsecured debt. "The Company has a long track record of delivering top tier returns for investors driven by significant capital investment while at the same time prudently managing its bala
Net income and earnings per share ("EPS")* were $118.6 million and $5.26, respectively, for the full year 2024, and $36.7 million and $1.60, respectively, for the fourth quarter of 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG"), were $121.5 million and $5.39, respectively, for the full year 2024, and $37.3 million and $1.63, respectively, for the fourth quarter of 2024Adjusted gross margin** increased by $113.3 million during the year driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion pr
DOVER, Del., Feb. 26, 2025 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company's common stock. The $0.64 per share dividend will be paid on April 7, 2025 to all shareholders of record at the close of business on March 14, 2025. Chesapeake has paid dividends to its shareholders without interruption for 64 years and has increased its annualized dividend every year since 2004. About Chesapeake Utilities CorporationChesapeake Utilities Corporation is
DOVER, Del., Feb. 20, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC). The Company was honored in the Over 50 Employees category. The award, which recognizes the efforts of employers to support service members, veterans and their family members through workplace initiatives, was presented on Feb. 20 at the JMAC's annual State of the Guard Address. Chesapeake Utilities is committed to building a workforce that mirrors the div