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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Earnings data Q1 2024

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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 ) 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.

Chesapeake Utilities Corporation (CPK) CEO Jeffrey Householder on Q1 2022 Results - Earnings Call Transcript

DOVER, Del. , May 4, 2022 /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 $0.48 per share to $0.535 per share.

Chesapeake Utilities Corporation Raises Dividend by 11.5 Percent

Chesapeake Utilities (CPK) delivered earnings and revenue surprises of 0.97% and 17.43%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

Chesapeake Utilities (CPK) Q1 Earnings and Revenues Top Estimates

Earnings per share ("EPS")* was $2.08 for the first quarter of 2022, an increase of $0.12, or 6.1 percent, compared to $1.96 for the first quarter of 2021 Quarter-over-quarter growth driven primarily by the acquisition of Diversified Energy, pipeline expansions, natural gas organic growth, regulatory initiatives and higher earnings in the Company's unregulated businesses Continued investment in low carbon energy sources including the successful testing of blended hydrogen with natural gas power at the Company's Combined Heat and Power ("CHP") plant and completion of our first compressed natural gas ("CNG") fueling station near the Port of Savannah, capable of distributing renewable natural gas ("RNG") for fleet vehicles Issued $50 million of 2.95 percent Senior Notes in support of the Company's long-term financing strategy 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. , May 3, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced its financial results for the first quarter of 2022.

CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2022 RESULTS

Capital Investment of $6.3 Million DOVER, Del., May 2, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it is in the final pre-construction stage associated with a $6.3 million capital project that would expand infrastructure to serve new customers from Sussex County, Delaware, to northern Ocean City, Maryland, while also increasing the reliability of the existing distribution system in those areas.

Chesapeake Utilities Corporation Announces Capacity Expansion to Meet Growing Customer Demand along Coastal Delaware and Maryland

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Total Q1 earnings of Utility stocks are expected to increase 9.3% year over year, while revenues are likely to decline 8%. CNP, EIX, CMS, PEG & CPK are set to report Q1 results on May 3

Utility Stocks Q1 Earnings Due on May 3: CNP, EIX & More

DOVER, Del. , April 19, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Wednesday, May 4, 2022, at 4:00 p.m.

Chesapeake Utilities to Host First Quarter 2022 Earnings Conference Call on May 4th

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Operated by Marlin Compression near the Port of Savannah New Georgia-based compressed natural gas fueling station offers a significant reduction in greenhouse gas emission levels. DOVER, Del.

Chesapeake Utilities Corporation Opens CNG Fueling Station in Georgia

DOVER, Del., March 17, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) proudly joins gas companies across the nation to celebrate Gas Utility Workers' Day, recognized March 18.

Chesapeake Utilities Corporation Celebrates Gas Utility Workers' Day

DOVER, Del., March 8, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that Joe Steinmetz, vice president and controller, was selected by the Controllers Council as the 2021 Controller of the Year, Runner-Up, in the medium size/public category.

Chesapeake Utilities Corporation's Steinmetz Earns Accolades

WHITE PLAINS, N.Y.--(BUSINESS WIRE)--OPAL Fuels LLC, a vertically integrated producer and distributor of renewable natural gas (RNG), today announced it has commenced commercial operation of a new facility to extract and capture waste methane from Rumpke Waste & Recycling's Noble Road Landfill, transform it into RNG and transport it through Chesapeake Utilities Corporation's (NYSE: CPK) wholly owned subsidiary Aspire Energy of Ohio. An affiliate of NextEra Energy Resources, LLC is a joint o

OPAL Fuels Commences Commercial Operation of Noble Road Renewable Natural Gas Facility at Rumpke Waste & Recycling Landfill in Shiloh, Ohio

Chesapeake Utilities Corporation (CPK) CEO Jeff Household on Q4 2021 Results - Earnings Call Transcript

DOVER, Del., Feb. 24, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today the publication of its inaugural Sustainability Report, which affirms the Company's environmental, social and governance (ESG) commitments.

Chesapeake Utilities Corporation Releases Inaugural Sustainability Report, Establishes Two New Roles to Further Advance ESG Initiatives

Chesapeake Utilities (CPK) delivered earnings and revenue surprises of -0.78% and 2.08%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Chesapeake Utilities (CPK) Q4 Earnings Miss Estimates

DOVER, Del. , Feb. 23, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the year and the fourth quarter ended December 31, 2021.

CHESAPEAKE UTILITIES CORPORATION REPORTS RECORD EARNINGS FOR FISCAL YEAR 2021

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Total Q4 earnings of Utility stocks are expected to drop 1.5% year over year on 10.5% higher revenues. ETR, NI, OGS, WTRG, CPK & AVA are set to release their quarterly figures on Feb 23

Utility Stock Q4 Earnings to Watch on Feb 23: ETR, NI & More

DOVER, Del., Feb. 22, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it successfully blended hydrogen with natural gas to power the Company's Eight Flags Energy Combined Heat and Power (CHP) plant in Nassau County, Florida.

Chesapeake Utilities Corporation Completes Testing of Hydrogen Blending in Continued Move Toward Lower Carbon Energy Sources

DOVER, Del., Feb. 4, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 24, 2022, at 4:00 p.m.

Chesapeake Utilities to Host Fourth Quarter and Full Year 2021 Earnings Conference Call on February 24th

DOVER, Del., Feb. 2, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced that it is a 2022 Top Workplaces USA award recipient for mid-sized companies for the second consecutive year.

Chesapeake Utilities Corporation Earns 2022 Top Workplaces USA Award

DOVER, Del., Jan. 11, 2022 /PRNewswire/ -- On Jan. 12, 2022, management from Chesapeake Utilities Corporation (NYSE:CPK) (the "Company") will participate in the Janney Virtual Gas & Electric Utilities Conference.

Chesapeake Utilities Corporation Participating in the Janney Virtual Gas & Electric Utilities Conference

Chesapeake Utilities (CPK) makes a strong case for investment, given its capability to deliver earnings surprises, positive estimates movement and a solid investment plan.

Reasons to Add Chesapeake Utilities (CPK) to Your Portfolio

DOVER, Del., Dec. 20, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today the promotions of six Company leaders, effective Jan. 1, 2022: Jeff Sylvester, promotion to Chief Operating Officer Kevin Webber, promotion to Chief Development Officer Michael Galtman, promotion to Senior Vice President and Chief Accounting Officer Mike Cassel, promotion to Vice President, Governmental and Regulatory Affairs Stacie Roberts, promotion to Vice President, Corporate Governance Lindsay Orr, promotion to Assistant Vice President and Associate General Counsel "I am proud to announce the latest changes to our leadership team at Chesapeake Utilities," said Jeff Householder, President and CEO.

Chesapeake Utilities Corporation Announces Officer Promotions

Chesapeake Utilities' (CPK) unit takes over the propane operating assets of Diversified Energy Company, fortifying its footprint in North and South Carolina. The deal will boost CPK's earnings in 2022.

Chesapeake Utilities' (CPK) Arm Buys Propane Assets in Carolinas

DOVER, Del. , Dec. 15, 2021 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane subsidiary, Sharp Energy, has acquired the propane operating assets of Diversified Energy Company.

Chesapeake Utilities Corporation Expands its Footprint into the Carolinas with Propane Acquisition

DOVER, Del., Dec. 2, 2021 /PRNewswire/ -- On December 7, 2021, management from Chesapeake Utilities Corporation (NYSE:CPK) (the "Company") will participate in the BofA Securities 2021 Gas Utility Conference.

News for Chesapeake Utilities Stock (CPK)