Chesapeake Utilities (NYSE:CPK) Issues Quarterly Earnings Results

Chesapeake Utilities (NYSE:CPK) posted its earnings results on Thursday. The utilities provider reported $1.05 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.02), FiscalAI reports. Chesapeake Utilities had a return on equity of 9.46% and a net margin of 15.12%.The company had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. During the same period in the prior year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. 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 trading hours on Friday, reaching $134.18. 170,276 shares of the company traded hands, compared to its average volume of 224,199. The business’s 50-day moving average price is $127.35 and its two-hundred day moving average price is $128.23. The stock has a market capitalization of $3.22 billion, a P/E ratio of 21.40 and a beta of 0.68. Chesapeake Utilities has a 1 year low of $118.88 and a 1 year high of $140.83. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 0.80.

Chesapeake Utilities Announces Dividend

The business also recently disclosed 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. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, September 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is 47.12%.

Insiders Place Their Bets

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 transaction of $1,261,200.00. Following the completion of the transaction, the chief executive officer directly owned 63,001 shares in the company, valued at $7,945,686.12. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total value 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 1.36% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CPK. Kestra Advisory Services LLC purchased a new position in shares of Chesapeake Utilities in the fourth quarter valued at about $175,000. Franklin Resources Inc. raised its stake in Chesapeake Utilities by 6.1% during the 4th quarter. Franklin Resources Inc. now owns 1,646 shares of the utilities provider’s stock valued at $205,000 after purchasing an additional 95 shares during the period. Hancock Whitney Corp bought a new stake in Chesapeake Utilities during the 3rd quarter valued at approximately $207,000. Mackenzie Financial Corp purchased a new position in Chesapeake Utilities in the 3rd quarter worth approximately $201,000. Finally, Orion Porfolio Solutions LLC purchased a new position in Chesapeake Utilities in the 3rd quarter worth approximately $201,000. Institutional investors own 83.11% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CPK. Barclays set a $142.00 price objective on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. 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 on the stock. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Finally, Weiss Ratings upgraded Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research note 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. Based on data from MarketBeat, Chesapeake Utilities presently has a consensus rating of “Hold” and an average price target of $137.00.

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.

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.