Chesapeake Utilities

Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

Earnings data Q1 2021

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Earnings data Q3 2023

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Earnings data Q4 2024

Chesapeake Utilities excels in Q4, boosts sustainable energy investments

Chesapeake Utilities demonstrated strong financial performance and strategic growth initiatives in Q4 2022, underpinned by margin expansion and significant customer growth. The company's focus on sustainable energy projects, increased guidance for 2023, and enhanced capital expenditure range for 2021-2025 signal a positive outlook for future growth. Despite challenges like capital expenditure delays and regulatory complexities, Chesapeake Utilities remains poised to leverage opportunities in the sustainable energy market.

Chesapeake Utilities reports solid Q1 performance amidst growth opportunities

Chesapeake Utilities demonstrated resilience in Q1 despite weather challenges, with a focus on operational efficiency and financial stability.
While facing temperature impacts and rising interest rates, the company leveraged organic growth and strategic investments to drive performance.
The emphasis on dividend growth, infrastructure projects, and safety initiatives positions CPK for sustained success and shareholder value creation.
Continued commitment to long-term guidance and earnings reaffirmation underscores management's confidence in future prospects.

Chesapeake Utilities reports resilient Q2 performance amidst weather challenges

Chesapeake Utilities delivered solid financial performance in Q2 2023, navigating weather challenges and emphasizing growth initiatives. The company's strategic focus on organic growth, renewable energy, and expansion projects positions it well for future opportunities. Despite weather-related volume impacts, Chesapeake Utilities remains committed to sustainable growth and strategic investments.

Chesapeake Utilities reports strong Q3 earnings and plans Florida expansion

Chesapeake Utilities' Q3 performance shows strong earnings and operational growth, despite weather impacts.
The acquisition of Florida City Gas presents significant growth opportunities and a focus on sustainable energy solutions.
The company faces challenges in managing costs and evaluating post-acquisition synergies amidst market dynamics.
Strategic investments in pipeline capacity expansion and infrastructure enhancements position Chesapeake Utilities for long-term growth.

Chesapeake Utilities (CPK) excels in Q4 2023 earnings, eyes hydrogen integration

Chesapeake Utilities (CPK) reported strong earnings growth in 2023, driven by acquisitions and strategic investments. While facing challenges in customer growth and seasonal demand fluctuations, the company remains focused on operational efficiency, regulatory compliance, and future growth opportunities.

Chesapeake Utilities (CPK) reports robust Q1 earnings and growth outlook

Chesapeake Utilities (CPK) delivered a strong Q1 2024 performance, driven by strategic growth drivers and effective execution of integration plans.
While challenges like weather impacts persist, CPK's focus on synergies and operational optimization positions it well for future growth.
Confidence in meeting 2024 adjusted EPS guidance and a positive outlook on growth opportunities underline CPK's commitment to shareholder value.

Chesapeake Utilities (CPK) reports robust Q2 earnings and growth opportunities

Chesapeake Utilities (CPK) delivered a strong Q2 performance, showcasing financial growth and stability with increased customer base and capital investments on track. While facing challenges with operating expenses and financing costs, the company's focus on regulatory support and sustainability initiatives presents growth opportunities in the energy sector. CPK's commitment to stakeholders and community impact reinforces its position for long-term success.

Chesapeake Utilities reports strong Q3 earnings and growth opportunities

Chesapeake Utilities delivered solid financial results in Q3, driven by strong EPS performance and capital investments, with a focus on customer growth and operational efficiency.
The company showcased resilience through adjusted gross margin improvement, strategic contributions from operations, and a robust capital structure.
While facing challenges such as storm impacts and regulatory actions, Chesapeake Utilities remains well-positioned to capitalize on growth opportunities and drive long-term value.
By balancing operational challenges with strategic investments and a commitment to sustainability, the company aims to navigate market dynamics and deliver sustainable performance.

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Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the Regulated Energy and Unregulated Energy segments. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2022 Earnings Conference Call November 3, 2022 4:00 PM ET Company Participants Alex Whitelam - Investor Relations Jeff Householder - President and Chief Executive Officer Beth Cooper - Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary Jim Moriarty - Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Brian Russo - Sidoti John Bartlett - Reaves Asset Management Operator Greetings and thank you for standing by. Welcome to the Chesapeake Utilities Corporation 2022 Third Quarter Financial Results Conference Call.

Chesapeake Utilities Corporation (CPK) Q3 2022 Earnings Call Transcript

Chesapeake Utilities (CPK) delivered earnings and revenue surprises of -28% and 3.60%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Chesapeake Utilities (CPK) Q3 Earnings Lag Estimates

Year-to-date earnings per share ("EPS")* of $3.58, an increase of $0.13 or 3.8 percent, compared to $3.45 in the prior year period EPS of $0.54 in the third quarter, with year-over-year growth impacted by one-time, non-recurring items in the third quarter of 2021 and rising interest rates in 2022 Higher performance during the first nine months of 2022 was driven by pipeline expansions, regulatory initiatives, natural gas organic growth, acquisition contributions, and higher earnings in the Company's unregulated businesses Secured long-term financing of $80 million to support the Company's capital structure and long-term growth strategy Interim rates associated with the Florida Base Rate Proceeding were implemented in September Commitment to organic growth, project expansions, regulatory initiatives and business transformation efforts firmly position the Company to better mitigate inflationary pressures and drive long-term growth Continued focus on renewable energy initiatives to further enhance sustainability in our local communities DOVER, Del. , Nov. 2, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its financial results for the three and nine months ended September 30, 2022.

CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2022 RESULTS

DOVER, Del. , Oct. 18, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, November 3, 2022, at 4:00 p.m.

Chesapeake Utilities to Host Third Quarter 2022 Earnings Conference Call on November 3rd

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At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with MDU Resources (MDU).

CPK or MDU: Which is a Better Utility Gas Distribution Stock?

Chesapeake Utilities is a quiet compounder in the utilities space with a low starting yield but good dividend growth rates. Long-term growth has been good, and the company has a strong financial position.

Chesapeake Utilities: Great Dividend Growth At A High Price

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At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with New Jersey Resources (NJR).

CPK or NJR: Which is a Better Utility Gas Distribution Stock?

DOVER, Del. , Sept. 21, 2022 /PRNewswire/ -- On Wednesday, Sept.

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DOVER, Del. , Sept. 15, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) subsidiary Sharp Energy celebrated the opening of a new fueling station in Dunn, North Carolina, on Wednesday, Sept.

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Chesapeake Utilities (CPK) could produce exceptional returns because of its solid growth attributes.

Looking for a Growth Stock? 3 Reasons Why Chesapeake Utilities (CPK) is a Solid Choice

DOVER, Del. , Aug. 24, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it was named Best for Corporate Governance in the United States by World News Media Ltd.

Chesapeake Utilities Corporation Named Best for Corporate Governance in the United States

3 Reasons Why Chesapeake Utilities (CPK) Is a Great Growth Stock

Chesapeake Utilities Corporation (NYSE:CPK ) Q2 2022 Results Conference Call August 4, 2022 4:00 PM ET Company Participants Alex Whitelam - Head, IR Jeff Householder - President and CEO Beth Cooper - EVP, CFO, Treasurer, and Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary, and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Brian Russo - Sidoti Operator Greetings, and welcome to the Chesapeake Utilities Corporation 2022 Second Quarter Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded, Thursday, August 4, 2022.

Chesapeake Utilities Corporation (CPK) CEO Jeff Householder on Q2 2022 Results - Earnings Call Transcript

Chesapeake Utilities (CPK) delivered earnings and revenue surprises of 8.64% and 7.53%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Chesapeake Utilities (CPK) Q2 Earnings and Revenues Top Estimates

Year-to-date earnings increased to $3.04 per share from $2.75, an increase of $0.29 or 10.5 percent, compared to the prior year Earnings per share ("EPS")* was $0.96 for the second quarter of 2022, an increase of $0.18, compared to $0.78 for the second quarter of 2021 Included in the second quarter results was a one-time gain of $1.9 million or $0.08 in EPS related to a building sale Performance in the first half of 2022 was driven by the acquisition of Diversified Energy, pipeline expansions, natural gas organic growth, regulatory initiatives and higher earnings in the Company's unregulated businesses during the first half of the year Commenced delivery of natural gas to meet customer demand in Somerset County, Maryland and further economic development The Company's Delmarva natural gas distribution operations surpassed 100,000 customers during the second quarter of 2022 Continued focus on organic growth and expansion projects as well as ESG initiatives, including renewable energy opportunities to further enhance sustainability in our local communities DOVER, Del. , Aug. 3, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its financial results for the three and six months ended June 30, 2022.

CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2022 RESULTS

DOVER, Del. , July 25, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) today announced that as part of the Board's ongoing succession planning, Sheree M.

Sheree M. Petrone and Stephanie N. Gary Appointed to Chesapeake Utilities Corporation Board of Directors

DOVER, Del. , July 18, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, August 4, 2022, at 4:00 p.m.

Chesapeake Utilities to Host Second Quarter 2022 Earnings Conference Call on August 4th

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DOVER, Del. , June 9, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that Sharon Grant joined the Company as assistant vice president and diversity officer, effective June 6.

Chesapeake Utilities Corporation Announces New Diversity Officer

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All stocks have at least five fiscal years of dividend growth history and come from the U.S. Dividend Champions List. They have an average increase of 8.9% and a median increase of 5.6%. I've tracked 300 increases in 2022, 211 increases in Q1 2022, and 91 in Q2.

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DOVER, Del. , May 16, 2022 /PRNewswire/ -- The Company announced today that Jeff Householder, president and CEO, Beth Cooper, executive vice president, CFO, treasurer and assistant corporate secretary and Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 12:50 pm EST (Eastern Standard Time) on Tuesday, May 17 th during the 2022 AGA Financial Forum.

Chesapeake Utilities Corporation to Host Live Webcast During 2022 AGA Financial Forum

Andrena Burd will lead risk management Puru Buddha will lead enterprise applications DOVER, Del. , May 10, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that Andrena Burd has been promoted to assistant vice president to head the Company's risk management department, and Puru Buddha has been promoted to assistant vice president of enterprise applications.

Chesapeake Utilities Corporation Announces Two New Assistant Vice President Roles

Chesapeake Utilities Corporation (NYSE:CPK ) Q1 2022 Earnings Conference Call May 4, 2022 4:00 PM ET Company Participants Alexander Whitelam - Head of Investor Relations Jeffrey Householder - President and Chief Executive Officer Beth Cooper - Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary James Moriarty - Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Constantine Lednev - Guggenheim Partners Brian Russo - Sidoti Operator Greetings, and welcome to the Chesapeake Utilities Corporation Results for First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this call is being recorded today, Wednesday, May 4, 2022.

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