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 |
|---|---|---|---|
| 10/22/2025 | Neutral | BTIG Research | |
| 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 |
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Earnings per share ("EPS")* was $5.97 for the full year 2025 and $1.93 for the fourth quarter of 2025Adjusted EPS**, which excludes transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG") in late 2023, was $6.01 for the full year 2025 and $1.94 for the fourth quarter of 2025, representing annual growth of 11.5 percent compared to the prior yearAdjusted gross margin** increased by $71.1 million during the year driven primarily by regulatory initiatives and infrastructure programs, natural gas organic growth, transmission expansion projects, and increased demand for Marlin's servicesRecord capital spending for 2025 of $470.4 million which include
DOVER, Del., Feb. 25, 2026 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on April 6, 2026, to all shareholders of record at the close of business on March 16, 2026. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year.About Chesapeake Utilities Corporatio
DOVER, Del., Feb. 17, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) will host a conference call on Thursday, February 26, 2026 at 8:30 a.m. ET to discuss the Company's financial results for the fourth quarter and full year ended December 31, 2025. The earnings press release will be issued on Wednesday, February 25, 2026, 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 web
Energy infrastructure to support Delaware's largest school construction project. DOVER, Del., Feb. 13, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) and The Sussex County Vocational Technical School District (SCVTSD) announced plans to provide natural gas service to the new Sussex Technical High School campus currently under construction in Sussex County, Delaware. New Sussex Tech High School under construction, Delaware's largest, with natural gas service from Chesapeake Utilities.The new campus represents the largest school construction initiative in Delaw
DOVER, Del., Feb. 5, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) announced the Accomack County Board of Supervisors has awarded the Company its natural gas expansion bid, authorizing Chesapeake Utilities to begin engineering a new natural gas system it will construct, own and operate to enhance energy reliability on Virginia's Eastern Shore. Chesapeake Utilities announced the Accomack Co. Board of Supervisors awarded the Company its natural gas expansion bid.Accomack County will contribute $6.5 million through a state grant to initiate a project that would
DOVER, Del., Jan. 30, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) announced that subsidiaries Florida City Gas and Florida Public Utilities have been recognized as 2025 Utility Customer Champions by Escalent, a leading data analytics and advisory firm serving the energy and utility industry. The two utilities are among just 36 providers nationwide honored for delivering exceptional service and demonstrating a strong commitment to customer satisfaction. "These honors reflect the strength of our teams and our shared commitment to delivering safe, reliable, c
DOVER, Del., Jan. 8, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced that Michael (Mike) Cassel has been promoted to senior vice president, strategic development, effective Jan. 2. In this role, Cassel leads the business development, external affairs and strategic planning groups to enhance the Company's ability to identify emerging opportunities, expand community partnerships and develop long-range strategies that support sustainable growth. "Mike has played a pivotal role in our growth for many years and is well-positioned to guide the next level
DOVER, Del., Nov. 12, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as Employer Champion of the Year for Kent County by the Delaware Department of Labor's Division of Vocational Rehabilitation and State Rehabilitation Council. This recognition celebrates employers who go above and beyond to promote accessibility and inclusion in the workplace and to help build equitable environments where all employees can succeed. It underscores Chesapeake Utilities' commitment to employees and our communities and our ongoing efforts to create a workplace where every team member at all levels across the company can reach new heights.
Net income and earnings per share ("EPS")* were $19.4 million and $0.82, respectively, for the third quarter of 2025 and $94.2 million and $4.03, respectively, for the nine months ended September 30, 2025Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $19.5 million and $0.82, respectively, for the third quarter of 2025 and $94.9 million and $4.06, respectively, for the nine months ended September 30, 2025Adjusted gross margin** growth of $15.2 million and $49.3 million, respectively, for the three- and nine-month periods ended September 30, 2025 driven primarily
DOVER, Del., Nov. 6, 2025 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on January 5, 2026 to all shareholders of record at the close of business on December 15, 2025. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corp
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BTIG Research initiated coverage of Chesapeake Utilities with a rating of Neutral
Barclays initiated coverage of Chesapeake Utilities with a rating of Equal Weight and set a new price target of $111.00
RBC Capital Mkts upgraded Chesapeake Utilities from Sector Perform to Outperform and set a new price target of $123.00 from $111.00 previously
Wells Fargo upgraded Chesapeake Utilities from Underweight to Equal Weight and set a new price target of $100.00 from $115.00 previously
Ladenburg Thalmann initiated coverage of Chesapeake Utilities with a rating of Buy and set a new price target of $100.00
RBC Capital reiterated coverage of Chesapeake Utilities with a rating of Sector Perform and set a new price target of $126.00 from $124.00 previously
Siebert Williams Shank initiated coverage of Chesapeake Utilities with a rating of Buy and set a new price target of $135.00
Maxim Group reiterated coverage of Chesapeake Utilities with a rating of Buy and set a new price target of $135.00 from $121.00 previously
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Live Leadership Updates
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
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
Retiring Directors John R. Schimkaitis, Calvert A. Morgan, Jr., and Dianna F. Morgan Honored DOVER, Del., May 4, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) announces that the Board of Directors appointed Jeffry M. Householder, the Company's president and chief executive officer, as chair of the Board and Thomas J. Bresnan as the independent lead director of the Board, effective May 3. Bresnan has served as an independent director of the Company since 2001, chair of the audit committee since 2004, and a member of the investment committee since 2016. Householder succeeds John R. Schimkaitis, who has served as a director since 1996 and the chair of the Board since 2015.
DOVER, Del., Oct. 8, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) announces the appointment of Noah Russell, CPA, as assistant vice president and assistant treasurer. This appointment follows the retirement announcement of Thomas Mahn, current vice president and treasurer, effective Dec. 31. Russell has almost two decades of leadership experience across multiple areas of finance, accounting and strategic planning. He joins Chesapeake Utilities from Energy Transfer LP, where he served as director of strategic planning, mergers and acquisitions, since April 2017. Among his responsibilities were building and preparing long-range planning models with funds flow, coverage and
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Live finance-specific insights
Earnings per share ("EPS")* was $5.97 for the full year 2025 and $1.93 for the fourth quarter of 2025Adjusted EPS**, which excludes transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG") in late 2023, was $6.01 for the full year 2025 and $1.94 for the fourth quarter of 2025, representing annual growth of 11.5 percent compared to the prior yearAdjusted gross margin** increased by $71.1 million during the year driven primarily by regulatory initiatives and infrastructure programs, natural gas organic growth, transmission expansion projects, and increased demand for Marlin's servicesRecord capital spending for 2025 of $470.4 million which include
DOVER, Del., Feb. 25, 2026 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on April 6, 2026, to all shareholders of record at the close of business on March 16, 2026. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year.About Chesapeake Utilities Corporatio
DOVER, Del., Feb. 17, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) will host a conference call on Thursday, February 26, 2026 at 8:30 a.m. ET to discuss the Company's financial results for the fourth quarter and full year ended December 31, 2025. The earnings press release will be issued on Wednesday, February 25, 2026, 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 web
Net income and earnings per share ("EPS")* were $19.4 million and $0.82, respectively, for the third quarter of 2025 and $94.2 million and $4.03, respectively, for the nine months ended September 30, 2025Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $19.5 million and $0.82, respectively, for the third quarter of 2025 and $94.9 million and $4.06, respectively, for the nine months ended September 30, 2025Adjusted gross margin** growth of $15.2 million and $49.3 million, respectively, for the three- and nine-month periods ended September 30, 2025 driven primarily
DOVER, Del., Nov. 6, 2025 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on January 5, 2026 to all shareholders of record at the close of business on December 15, 2025. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corp
DOVER, Del., Oct. 21, 2025 Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 7, 2025, at 8:30 a.m. ET to discuss the Company's financial results for the third quarter and nine months ended September 30, 2025. The earnings press release will be issued on Thursday, November 6, 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 inves
Net income and earnings per share ("EPS")* were $23.9 million and $1.02, respectively, for the second quarter of 2025 and $74.8 million and $3.22, respectively, for the six months ended June 30, 2025Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $24.3 million and $1.04, respectively, for the second quarter of 2025 and $75.4 million and $3.25, respectively, for the six months ended June 30, 2025Adjusted gross margin** growth of $16.2 million and $34.1 million, respectively, for the three- and six-month periods ended June 30, 2025 driven by natural gas organic gr
DOVER, Del., Aug. 7, 2025 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE:CPK) declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on October 6, 2025 to all shareholders of record at the close of business on September 15, 2025. Chesapeake Utilities has paid dividends to its shareholders without interruption for 64 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corporation:Chesapeake Utilit
DOVER, Del., July 16, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) will host a conference call on Friday, August 8, 2025 at 8:30 a.m. ET to discuss the Company's financial results for the second quarter ended June 30, 2025. The earnings press release will be issued on Thursday, August 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 a
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