Chesapeake Utilities (NYSE:CPK) Issues Quarterly Earnings Results

Chesapeake Utilities (NYSE:CPK) released its earnings results on Thursday. The utilities provider reported $1.05 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.02), FiscalAI reports. The company had revenue of $201.90 million during 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 revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 EPS. Chesapeake Utilities updated its FY 2026 guidance to 7.750-8.000 EPS.

Chesapeake Utilities Stock Performance

NYSE CPK traded up $0.68 during trading hours on Friday, reaching $134.18. The company’s stock had a trading volume of 170,276 shares, compared to its average volume of 224,199. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80. The business has a 50-day simple moving average of $127.35 and a 200 day simple moving average of $128.23. Chesapeake Utilities has a 52 week low of $118.88 and a 52 week high of $140.83. The stock has a market cap of $3.22 billion, a PE ratio of 21.40 and a beta of 0.68.

Chesapeake Utilities Dividend Announcement

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

Key Stories Impacting Chesapeake Utilities

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.

Insider Buying and Selling

In other news, SVP Kevin J. Webber sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total transaction of $254,740.00. Following the completion of the transaction, the senior vice president directly owned 12,652 shares of the company’s stock, valued at approximately $1,611,485.24. This represents a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly owned 63,001 shares in the company, valued at approximately $7,945,686.12. This trade represents a 13.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.36% of the company’s stock.

Hedge Funds Weigh In On Chesapeake Utilities

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of Chesapeake Utilities by 94.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock worth $27,000 after acquiring an additional 108 shares during the period. Geneos Wealth Management Inc. boosted its stake in Chesapeake Utilities by 292.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 164 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Chesapeake Utilities by 66.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 109 shares during the period. Johnson Financial Group Inc. bought a new position in Chesapeake Utilities in the 3rd quarter worth about $62,000. Finally, Federated Hermes Inc. grew its position in Chesapeake Utilities by 332.6% in the 4th quarter. Federated Hermes Inc. now owns 623 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 479 shares during the last quarter. Institutional investors and hedge funds own 83.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CPK. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. Wells Fargo & Company assumed coverage on Chesapeake Utilities in a report on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 target price on the stock. Barclays set a $142.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, July 10th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $137.00.

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.