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.

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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.

DOVER, Del. , Nov. 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares").

Chesapeake Utilities Corporation Announces $100 Million At-The-Market Equity Offering Program

DOVER, Del. , Nov. 14, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a Champion of Board Diversity for a second consecutive year by The Forum of Executive Women (The Forum).

Chesapeake Utilities Corporation Named Champion of Board Diversity by The Forum of Executive Women for Second Consecutive Year

Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2024 Earnings Call November 8, 2024 8:30 AM ET Company Participants Lucia Dempsey - Head, Investor Relations Jeff Householder - Chair, 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 and Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Paul Fremont - Ladenburg Chris Ellinghaus - Siebert Williams Shank Operator Welcome to Chesapeake Utilities Corporation's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I'd like to turn the call over to Lucia Dempsey, Head of Investor Relations.

Chesapeake Utilities Corporation (CPK) Q3 2024 Earnings Call Transcript

Net income and earnings per share ("EPS")* were $17.5 million and $0.78, respectively, for the third quarter of 2024, and $81.9 million and $3.66, respectively, for the nine months ended September 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $18.1 million and $0.80, respectively, for the third quarter of 2024 and $84.2 million and $3.76, respectively, for the nine months ended September 30, 2024 Adjusted gross margin** growth of $89.3 million during the first nine months of 2024 driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion projects, and additional customer consumption Results continue to track in line with Management's expectations, and the Company continues to affirm 2024 EPS and capital guidance DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and nine months ended September 30, 2024.

CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2024 RESULTS

DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company's common stock.

Chesapeake Utilities Corporation Announces Quarterly Dividend

The innovative RNG production facility showcases Chesapeake Utilities' strategic execution across the entire energy delivery value chain LEE, Fla. , Oct. 30, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) held a ribbon-cutting ceremony on Monday, Oct. 28, to mark the official completion of its renewable natural gas (RNG) facility at Full Circle Dairy (FCD) in Lee, Florida.

Chesapeake Utilities Corporation Completes Commissioning of Full Circle Dairy Renewable Natural Gas Facility in Florida

DOVER, Del., Oct. 23, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 8, 2024 at 8:30 a.m.

Chesapeake Utilities to Host its Third Quarter 2024 Earnings Conference Call and Webcast on November 8, 2024

DOVER, Del. , Sept. 23, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announces the release of its 2023 Environmental Stewardship Report, which can be accessed at www.chpk.com.

Chesapeake Utilities Corporation Releases 2023 Environmental Stewardship Report

Chesapeake Utilities Corporation (NYSE:CPK ) Q2 2024 Earnings Conference Call August 9, 2024 8:30 AM ET Company Participants Lucia Dempsey – Head, Investor Relations Jeff Householder - Chief Executive Officer and Chairman Beth Cooper - EVP, Chief Financial Officer, Treasurer & Assistant Corporate Secretary James Moriarty - Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Paul Fremont - Ladenburg Tate Sullivan - Maxim Group Operator Welcome to the Chesapeake Utilities Corporation Second Quarter 2024 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for your questions following the presentation.

Chesapeake Utilities Corporation (CPK) Q2 2024 Earnings Call Transcript

Chesapeake Utilities (CPK) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.90 per share a year ago.

Chesapeake Utilities (CPK) Lags Q2 Earnings and Revenue Estimates

Net income and earnings per share ("EPS")* were $18.3 million and $0.82, respectively, for the second quarter of 2024, and $64.4 million and $2.89, respectively, for the six months ended June 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $19.3 million and $0.86, respectively, for the second quarter of 2024 and $66.1 million and $2.96, respectively, for the six months ended June 30, 2024 Adjusted gross margin** growth of $61.8 million during the first half of 2024 driven by contributions from FCG, natural gas organic growth and continued pipeline expansion projects, regulatory initiatives and additional customer consumption Multiple pipeline projects received approval to proceed, supporting continued natural gas demand in Delaware and Florida and driving incremental margins for 2025 and beyond Results continue to track in line with Management's expectations, and the Company continues to affirm 2024 EPS and capital guidance DOVER, Del. , Aug. 8, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and six months ended June 30, 2024.

CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2024 RESULTS

DOVER, Del. , July 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, August 9, 2024 at 8:30 a.m.

Chesapeake Utilities to Host its Second Quarter 2024 Earnings Conference Call and Webcast on August 9, 2024

Using Renewable Energy to Support Growing Markets DOVER, Del. , July 16, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced that its subsidiary, Peninsula Pipeline Company (PPC), received approval from the Florida Public Service Commission for three projects that expand natural gas infrastructure to benefit customers of Florida City Gas (FCG), also a subsidiary of Chesapeake Utilities.

Chesapeake Utilities Receives Approval for New Infrastructure to Support Three Renewable Natural Gas Projects in Florida

DOVER, Del. , June 26, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced the first injections of renewable natural gas (RNG) at its Radio Avenue injection point in Yulee, Florida, from the Company's RNG facility at Full Circle Dairy in Madison County.

Chesapeake Utilities Subsidiary Completes First Renewable Natural Gas Injections from Full Circle Dairy Facility in Florida

DOVER, Del. , June 25, 2024 /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 for the Second Time

Chesapeake Utilities Corporation (NYSE:CPK ) Q1 2024 Results Conference Call May 9, 2024 8:30 AM ET Company Participants Lucia Dempsey - Head of Investor Relations Jeff Householder - President, Chief Executive Officer & Chairman Beth Cooper - EVP, Chief Financial Officer, Treasurer & Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary and Chief Policy & Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Paul Fremont - Ladenburg Operator [Operator Instructions] Welcome to the Chesapeake Utilities Corporation's First Quarter 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Lucia Dempsey, Head of Investor Relations.

Chesapeake Utilities Corporation. (CPK) Q1 2024 Earnings Call Transcript

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Chesapeake Utilities (CPK) came out with quarterly earnings of $2.10 per share, missing the Zacks Consensus Estimate of $2.14 per share. This compares to earnings of $2.04 per share a year ago.

Chesapeake Utilities (CPK) Q1 Earnings Lag Estimates

Earnings per share ("EPS")* for the first quarter of 2024 was $2.07 compared to $2.04 per share for the first quarter of 2023 Adjusted EPS** for the first quarter of 2024, which excludes transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), increased by three percent to $2.10 compared to $2.04 per share for the first quarter of 2023 Adjusted gross margin** growth of $35.0 million during the first quarter driven by contributions from FCG, natural gas organic growth and continued pipeline expansion projects, additional customer consumption, and regulatory initiatives Completed filings for seven projects representing more than $85 million of capital investment to support growth initiatives in Florida, including for FCG Warmer than normal temperatures in our Delmarva and Ohio service territories reduced operating income by approximately $1.5 million, or $0.05 per share DOVER, Del. , May 8, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three months ended March 31, 2024.

CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2024 RESULTS

DOVER, Del. , May 8, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.59 per share to $0.64 per share.

Chesapeake Utilities Corporation Raises Dividend by 8.5 Percent

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Public Service Commission Votes to Approve Programs Benefitting Delaware Residents DOVER, Del. , April 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today the Delaware Public Service Commission voted to approve the Company's establishment of a portfolio of natural gas energy efficiency programs for Delaware.

Chesapeake Utilities Corporation Gains Approval to Establish Energy Efficiency Programs in Delaware

Company Welcomes Lucia Dempsey DOVER, Del. , April 18, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced that Lucia Dempsey has joined the Company as head of investor relations, effective April 15.

Chesapeake Utilities Corporation Names Head of Investor Relations

DOVER, Del. , April 17, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 9, 2024 at 8:30 a.m.

Chesapeake Utilities to Host its First Quarter 2024 Earnings Conference Call and Webcast on May 9, 2024

DOVER, Del. , April 16, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) issued its 2023 Safety and Reliability Report today, providing updates on the related topics most important to the Company's businesses, stakeholders and the communities we serve, including: Progress toward safety targets Employee and community engagement metrics, including first responder training Implementation of new programs and initiatives driven by our risk management mindset Reliability and resiliency efforts, including key infrastructure improvement projects 2023 initiatives and accomplishments, including awards and success stories "Continuous improvement is a hallmark of the Chesapeake Utilities success story.

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