Chesapeake Utilities (NYSE:CPK) Announces Earnings Results

Chesapeake Utilities (NYSE:CPK) posted its quarterly earnings results on Thursday. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02), FiscalAI reports. The firm had revenue of $201.90 million for the quarter, compared to the consensus estimate of $198.91 million. Chesapeake Utilities had a return on equity of 9.46% and a net margin of 15.12%.Chesapeake Utilities’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.04 EPS. Chesapeake Utilities updated its FY 2026 guidance to 7.750-8.000 EPS.

Chesapeake Utilities Stock Up 0.5%

NYSE:CPK traded up $0.68 during midday trading on Friday, reaching $134.18. 170,276 shares of the stock traded hands, compared to its average volume of 224,199. The stock has a market capitalization of $3.22 billion, a PE ratio of 21.40 and a beta of 0.68. Chesapeake Utilities has a 12-month low of $118.88 and a 12-month high of $140.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.43. The business has a 50-day moving average of $127.35 and a two-hundred day moving average of $128.23.

Chesapeake Utilities Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be given a dividend of $0.735 per share. The ex-dividend date of this dividend is Monday, September 14th. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. Chesapeake Utilities’s dividend payout ratio is presently 47.12%.

Chesapeake Utilities News Summary

Here are the key news stories impacting Chesapeake Utilities this week:

• Positive Sentiment: Raised 2026 earnings guidance: Chesapeake Utilities now expects 2026 EPS of $7.75–$8.00, well above the analyst consensus of $6.48. The updated outlook is a key positive catalyst. Chesapeake Utilities Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Revenue and operating performance improved: Second-quarter revenue rose 4.7% year over year to $201.9 million, while adjusted gross margin increased $7.4 million. Year-to-date adjusted EPS growth was 8%, supported by transmission expansion, regulatory initiatives, natural-gas customer growth and stronger unregulated operations. Chesapeake Utilities Boosts Capex, Highlights Strong Earnings Growth
• Positive Sentiment: Growth projects expanded: The company raised 2026 capital expenditure guidance to $550 million–$600 million and announced the $1.2 billion Florida Energy Pathway natural-gas pipeline, which has approximately 250,000 Dts/d of committed capacity and is targeted for service in 2030. Florida interim rates also add $16.2 million in annualized revenue, effective July 2026. Chesapeake Utilities Reports $25.4 Million Q2 Net Income
• Positive Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.735 per share, equivalent to $2.94 annually and an indicated yield of about 2.2%. Chesapeake Utilities Announces Quarterly Dividend
• Negative Sentiment: Quarterly EPS slightly missed expectations: Second-quarter EPS was $1.05 versus the $1.07 consensus, although it exceeded the $1.04 reported in the year-ago quarter. The higher capital program could also increase financing needs despite the revolving credit facility being expanded to $650 million.
• Negative Sentiment: Insider selling: Company insiders reported four sales and no purchases over the past six months, including sales by CEO Jeffry M. Householder and Chief Development Officer Kevin J. Webber. This may weigh modestly on investor sentiment.

Analyst Upgrades and Downgrades

CPK has been the topic of several recent research reports. Barclays set a $142.00 target price on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Finally, Wells Fargo & Company started coverage on Chesapeake Utilities in a report on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 target price for the company. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $137.00.

Insider Buying and Selling at Chesapeake Utilities

In other news, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $126.12, for a total value of $1,261,200.00. Following the completion of the sale, the chief executive officer owned 63,001 shares of the company’s stock, valued at $7,945,686.12. This trade represents a 13.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin J. Webber sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total value of $254,740.00. Following the transaction, the senior vice president owned 12,652 shares in the company, valued at approximately $1,611,485.24. This trade represents a 13.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Chesapeake Utilities

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Alliancebernstein L.P. grew its position in Chesapeake Utilities by 831.0% during the 3rd quarter. Alliancebernstein L.P. now owns 511,428 shares of the utilities provider’s stock worth $68,884,000 after purchasing an additional 456,497 shares during the period. Wellington Management Group LLP grew its holdings in Chesapeake Utilities by 27.6% during the third quarter. Wellington Management Group LLP now owns 952,045 shares of the utilities provider’s stock worth $128,231,000 after acquiring an additional 205,742 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in Chesapeake Utilities during the third quarter valued at approximately $19,604,000. Energy Income Partners LLC lifted its holdings in Chesapeake Utilities by 127.6% in the third quarter. Energy Income Partners LLC now owns 169,204 shares of the utilities provider’s stock valued at $22,790,000 after acquiring an additional 94,872 shares during the period. Finally, Jane Street Group LLC grew its stake in shares of Chesapeake Utilities by 1,714.7% during the 1st quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider’s stock worth $6,078,000 after purchasing an additional 44,720 shares during the period. 83.11% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.