Chesapeake Utilities (CPK) News
Market Cap: $3.04B
Avg Volume: 134.81K
Industry: Regulated Gas
Sector: Utilities
Are Utilities Stocks Lagging Chesapeake Utilities (CPK) This Year?
Here is how Chesapeake Utilities (CPK) and Energias de Portugal (EDPFY) have performed compared to their sector so far this year.
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Chesapeake Utilities (CPK) is a Great Momentum Stock: Should You Buy?
Does Chesapeake Utilities (CPK) have what it takes to be a top stock pick for momentum investors? Let's find out.
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Chesapeake Utilities: Good Growth Prospects, But Very Richly Valued
Chesapeake Utilities Corporation is primarily a natural gas utility with significant operations in Delaware, Maryland, Florida, Pennsylvania, and Ohio, and a smaller electric footprint in Florida. Despite a lower yield compared to peers, Chesapeake Utilities has delivered a 235.88% total return over the past decade, outperforming its competitors. The company's growth is driven by Florida's rapid population increase and the development of data centers in Ohio, which may boost natural gas demand.
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Chesapeake Utilities to Host its First Quarter 2025 Earnings Conference Call and Webcast on May 8, 2025
DOVER, Del. , April 22, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 8, 2025 at 8:00 a.m.
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SWX or CPK: Which Is a Better Utility Gas Distribution Stock?
SWX and CPK work efficiently and continue to provide reliable services to their expanding customer base.
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Is Chesapeake Utilities (CPK) Stock Outpacing Its Utilities Peers This Year?
Here is how Chesapeake Utilities (CPK) and NiSource (NI) have performed compared to their sector so far this year.
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Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chesapeake Utilities (CPK) have what it takes?
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Chesapeake Utilities Corporation Shares Highlights from 2025 Investor Day
DOVER, Del. , April 7, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) today announced that video recordings of the presentation and panel discussions from the Company's recent 2025 Investor Day are now available to view via web replay on its Investor Relations site: https://investorevent.chpk.com/recap/.
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4 Gas Distribution Stocks to Accumulate in a Thriving Industry
Ongoing increases in natural gas export volumes and regular investment in pipelines are driving the Zacks Gas Distribution industry's near-term prospects. Utilities with stable infrastructure like ATO, SWX, NJR and CPK are well-poised to gain.
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Chesapeake Utilities Corporation's Subsidiary Aspire Energy of Ohio Celebrates 10 Years as Part of Company, Looks to Capture Growth Opportunities
DOVER, Del. , April 2, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) celebrates the 10-year anniversary of its Ohio subsidiary.
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CPK or NJR: Which Is a Better Utility Gas Distribution Stock?
CPK and NJR work efficiently and continue to provide reliable services to their expanding customer base.
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Is Chesapeake Utilities (CPK) Outperforming Other Utilities Stocks This Year?
Here is how Chesapeake Utilities (CPK) and Energias de Portugal (EDPFY) have performed compared to their sector so far this year.
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Why Chesapeake Utilities (CPK) is a Great Dividend Stock Right Now
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chesapeake Utilities (CPK) have what it takes?
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CHESAPEAKE UTILITIES CORPORATION RECEIVES INAUGURAL INVESTMENT GRADE CREDIT RATING FROM FITCH
DOVER, Del. , March 10, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake" or the "Company") today announced that Fitch Ratings ("Fitch") has issued an inaugural investment grade credit rating for the Company.
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Why Chesapeake Utilities (CPK) is a Top Dividend Stock for Your Portfolio
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Chesapeake Utilities (CPK) have what it takes?
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Has Chesapeake Utilities (CPK) Outpaced Other Utilities Stocks This Year?
Here is how Chesapeake Utilities (CPK) and Centrica PLC (CPYYY) have performed compared to their sector so far this year.
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Chesapeake Utilities Corporation (CPK) Q4 2024 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q4 2024 Earnings Conference Call February 27, 2025 8:30 AM ET Company Participants Lucia Dempsey - Head, IR Jeff Householder - Chair, President and CEO Beth Cooper - EVP, CFO, Treasurer and Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel and Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Chris Ellinghaus - Siebert Williams Shank Dylan Lipner - Ladenburg Operator Good morning, everyone, and welcome to Chesapeake Utilities Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Ms.
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Chesapeake Utilities Corporation Celebrates Opening of Safety Training Facility in DeBary, Florida
DOVER, Del. , Feb. 27, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) celebrated the opening of its second Safety Town training facility with a ribbon-cutting ceremony in DeBary, Florida, on Thursday, Feb. 27.
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Chesapeake Utilities (CPK) Misses Q4 Earnings Estimates
Chesapeake Utilities (CPK) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.64 per share a year ago.
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CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2024 RESULTS
Net income and earnings per share ("EPS")* were $118.6 million and $5.26, respectively, for the full year 2024, and $36.7 million and $1.60, respectively, for the fourth quarter of 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG"), were $121.5 million and $5.39, respectively, for the full year 2024, and $37.3 million and $1.63 , respectively, for the fourth quarter of 2024 Adjusted gross margin** increased by $113.3 million during the year driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion projects, and increased demand for virtual pipeline services Achieved earnings guidance while accelerating return to target capital structure range; equity to total capitalization reaches 48.4 percent at December 31, 2024 DOVER, Del. , Feb. 26, 2025 /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, 2024.
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Chesapeake Utilities Corporation Announces Quarterly Dividend
DOVER, Del. , Feb. 26, 2025 /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.
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Chesapeake Utilities Corporation Earns Warrior Friendly Business Honor
DOVER, Del. , Feb. 20, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC).
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Chesapeake Utilities to Host its Fourth Quarter and Full-Year 2024 Earnings Conference Call and Webcast on February 27, 2025
DOVER, Del. , Feb. 3, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 27, 2025 at 8:30 a.m.
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Escalent Names Florida City Gas 2024 Customer Champion
Ranked highest among natural gas utilities in the southern region . DOVER, Del.
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Chesapeake Utilities: Gauging Growth In Gas
Chesapeake Utilities is a diversified energy company with stable regulated operations and growth in unregulated areas like propane distribution and renewable natural gas (RNG) production. Recent acquisitions and infrastructure investments, particularly in Florida, are driving growth, but the stock's valuation appears elevated compared to peers. Despite industry tailwinds, I rate Chesapeake a Hold due to limited near-term share price upside and more attractive opportunities in larger peers like Atmos Energy and UGI Corporation.
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Chesapeake Utilities Corporation Announces $100 Million At-The-Market Equity Offering Program
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").
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California Pizza Kitchen and Fandango Offer an Exciting Promotion for Disney's “Moana 2”
COSTA MESA, Calif.--(BUSINESS WIRE)--California Pizza Kitchen (CPK) in partnership with Fandango, is excited to offer guests the ultimate “dinner and a movie” experience this holiday season. As CPK invites fans to enjoy a special reward—spend $50 or more at participating locations nationwide and receive a $10 Fandango Movie Reward towards Disney's highly anticipated film, “Moana 2,” opening exclusively in theaters November 27. The promotion runs from November 20 through December 31, 2024 (or wh.
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Chesapeake Utilities Corporation Named Champion of Board Diversity by The Forum of Executive Women for Second Consecutive Year
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).
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Chesapeake Utilities Corporation (CPK) Q3 2024 Earnings Call Transcript
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.
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CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2024 RESULTS
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.
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Chesapeake Utilities Corporation Completes Commissioning of Full Circle Dairy Renewable Natural Gas Facility in Florida
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.
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Chesapeake Utilities to Host its Third Quarter 2024 Earnings Conference Call and Webcast on November 8, 2024
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.
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Chesapeake Utilities Corporation Releases 2023 Environmental Stewardship Report
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.
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Chesapeake Utilities Corporation (CPK) Q2 2024 Earnings Call Transcript
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.
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Chesapeake Utilities (CPK) Lags Q2 Earnings and Revenue Estimates
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.
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CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2024 RESULTS
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.
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Chesapeake Utilities to Host its Second Quarter 2024 Earnings Conference Call and Webcast on August 9, 2024
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.
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Chesapeake Utilities Receives Approval for New Infrastructure to Support Three Renewable Natural Gas Projects in Florida
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.
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Chesapeake Utilities Subsidiary Completes First Renewable Natural Gas Injections from Full Circle Dairy Facility 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.
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Chesapeake Utilities Corporation Named Best for Corporate Governance in the United States for the Second Time
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.
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10 Upcoming Dividend Increases
This article features ten companies with a history of raising their dividends, including two well-known insurance companies. The average dividend increase among the featured companies is 7.7%, with a median increase of 7.6%. My investment strategy involves buying companies that consistently increase their dividends and outperform a benchmark.
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E&R Engineering Corp. präsentiert modernste Lösungen auf der Semicon SEA 2024 in Kuala Lumpur
KAOHSIUNG, 20. Mai 2024 /PRNewswire/ -- Der fortschrittliche Anbieter von Laser- und Plasmalösungen aus Taiwan, E&R Engineering Corp., hat seine Teilnahme an der Semicon SEA 2024, dem Fest der Halbleiterindustrie, in Kuala Lumpur, Malaysia, bestätigt. Mit seinem 30-jährigen Engagement in der Halbleiterindustrie hat E&R ein breites Spektrum an Plasma- und Lasertechnologie entwickelt. Auf der Semicon SEA 2024 werden sie ihre neuesten Lösungen vorstellen, darunter Plasma Dicing - Lösung für das Dicing von kleinen Werkzeugen E&R bietet eine hybride Lösung an, die das Lasern von Rillen und das Plasma-Dicing kombiniert und so kontrollierte Würfelspuren zwischen 10 und 30 um ermöglicht. Neben der Herstellung von Anlagen bietet E&R auch das One-Stop-Shop-Dicing-Service (Outsourcing-Service) an, um Wafer zu kleinen Stanzformen für verschiedene Formen, sechseckig, rund oder MPR-Muster zu verarbeiten. Fortschrittliche Verpackung: Mit umfassender Erfahrung in der Integration von selbst entwickelten Optikmodulen und fortschrittlichen Lasersystemen bietet E&R eine Laserbohrlösung für 2,5D/3D-Verpackungen, die sich durch eine hohe Genauigkeit von bis zu +/- 5 um auszeichnet, wobei das B/T-Verhältnis 85~90% erreicht. Darüber hinaus ist E&R bekannt für seine Präzisionslaserbeschriftung mit integrierter 4-Strahl-Markierungslösung für hohen Durchsatz bei einer Genauigkeit von +/- 25 um, für die hervorragende Kontrolle der Wärmeeinwirkung beim Laserschneiden und für Plasmalösungen mit hoher Gleichmäßigkeit (CPK >1,33). Glassubstrat-Lösungen: E&R ist einer der führenden Hersteller von Anlagen zur Herstellung von Glassubstraten. Neben hochproduktiven TGV-Lösungen, die 600~1.000 VPS bei einer Genauigkeit von 5 um-3 Sigma erreichen, bietet E&R auch fortschrittliche Lösungen für das Laserpolieren von Glas zur Verbesserung der Rauheit der Glaswand, Laserfasen und AOI-Techniken. Siliziumkarbid-Lösungen: E&R bietet eine Reihe von Lösungen an, wie z. B. das Laser-Glühen von flachen Schichten nach der Ionenimplantation, um Ionen zu aktivieren und das Kristallgitter wiederherzustellen, die Kennzeichnung von SiC-Wafern und die Plasmareinigung. Darüber hinaus führt E&R die Raman-Inspektionsmaschine zur Erkennung von Rissen, Defekten und inneren Spannungen ein, um die Prozessausbeute effizient zu verbessern. FOPLP - Fan-Out Panel Level Package für 700*700mm E&R entwickelt ein komplettes Sortiment an Maschinen für die Bearbeitung großer Platten bis zu einer Größe von 700*700 mm, einschließlich Lasermarkierung, Schneiden, Plasmareinigung und Entschmierung nach dem Bohren. Die Verzugskompetenz liegt bei 16 mm, wobei die hohe Durchsatzkompetenz erhalten bleibt. Standinformationen von E&R auf der Semicon SEA 2024 Standnummer: Nr. 714Halle: 2-4Standort: Malaysia International Trade and Exhibition CenterZeit: 28. bis 30. Mai , 2024E&R Website: https://en.enr.com.tw/ Foto - https://mma.prnewswire.com/media/2415756/semi_sea.jpg
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Chesapeake Utilities Corporation. (CPK) Q1 2024 Earnings Call Transcript
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.
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5 Stocks to Watch on Dividend Hikes to Reward Investors
Investors may keep a tab on stocks like ASC, TGNA, HY, CPK and EXPD, which have lately hiked their dividend payments.
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Chesapeake Utilities (CPK) Q1 Earnings Lag Estimates
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.
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CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2024 RESULTS
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.
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Chesapeake Utilities Corporation Raises Dividend by 8.5 Percent
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.
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Chesapeake Utilities Corporation Gains Approval to Establish Energy Efficiency Programs in Delaware
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.
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Chesapeake Utilities Corporation Names Head of Investor Relations
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.
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Chesapeake Utilities to Host its First Quarter 2024 Earnings Conference Call and Webcast on May 9, 2024
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.
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Chesapeake Utilities Corporation Releases 2023 Safety and Reliability Report
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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Chesapeake Utilities Corporation (CPK) Q4 2023 Earnings Call Transcript
Chesapeake Utilities Corporation (CPK) Q4 2023 Earnings Call Transcript
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CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2023 RESULTS
Full Year 2023 earnings per share ("EPS")* was $4.73, including transaction-related expenses attributable to the acquisition of Florida City Gas ("FCG") of $0.58 per share, compared to $5.04 per share in 2022 Adjusted EPS**, which excludes the transaction-related expenses, was $5.31 for the year ended 2023, or an increase of 5.4 percent over 2022 EPS for the fourth quarter of 2023 was $1.26, including transaction-related expenses of $0.38 per share, versus $1.47 per share for the fourth quarter of 2022 Adjusted EPS** for the fourth quarter of 2023 increased by 12 percent to $1.64 compared to the fourth quarter of 2022 Adjusted gross margin** increased by $33.9 million during the year driven by regulatory initiatives, natural gas organic growth and continued pipeline expansion projects, increased propane margins and fees and incremental margin from FCG Significantly warmer than normal temperatures impacted customer consumption throughout 2023, lowering both EPS and Adjusted EPS by approximately $0.54 per share for the full year and $0.14 for the fourth quarter DOVER, Del. , Feb. 21, 2024 /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, 2023.
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Chesapeake Utilities to Host its Fourth Quarter and Full Year 2023 Earnings Conference Call and Webcast on February 22, 2024
DOVER, Del., Feb. 6, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 22, 2024 at 8:30 a.m.
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Chesapeake Utilities Corporation Breaks Ground for Safety Training Facility in Florida
Second State-of the-Art Safety Training Center Underway DOVER, Del. , Feb. 2, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it broke ground for its second safety training facility in DeBary, Florida, to serve its Florida subsidiaries Florida Public Utilities (FPU) and Florida City Gas (FCG).
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Chesapeake Utilities' (CPK) Unit Buys Propane Operating Assets
Chesapeake Utilities' (CPK) subsidiary acquires the propane operating assets of J.T. Lee and Son's in Cape Fear.
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Chesapeake Utilities Corporation Expands Propane Services in North Carolina with Acquisition of J.T. Lee and Son's
DOVER, Del. , Dec. 19, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Sharp Energy, has acquired the propane operating assets of J.T.
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Chesapeake Utilities Corporation Completes Acquisition of Florida City Gas
Transformative transaction more than doubles operations in high-growth Florida; expands regulated utility business mix and aligns with long-term earnings and dividend growth targets. DOVER, Del.
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Chesapeake Utilities Corporation to Present at Sidoti Virtual Investor Conference December 6, 2023
DOVER, Del. , Nov. 29, 2023 /PRNewswire/ -- The Company announced today that members of Management of Chesapeake Utilities Corporation (NYSE: CPK) will present and host one-on-one meetings with investors at the Sidoti December Virtual Investor Conference taking place on December 6-7, 2023.
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Chesapeake Utilities Announces Pricing of Public Offering of Common Stock
DOVER, Del. , Nov. 10, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced the pricing of an underwritten public offering of 3,859,649 shares of its common stock at an offering price of $85.50 per share.
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Chesapeake Utilities Announces Public Offering of $330 Million of Shares of Common Stock
DOVER, Del. , Nov. 9, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced the commencement of an underwritten public offering of $330,000,000 of shares of its common stock.
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Chesapeake Utilities Corporation (CPK) Q3 2023 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2023 Results Conference Call November 2, 2023 8:30 AM ET Company Participants Beth Cooper - EVP, CFO, Treasurer and Assistant Corporate Secretary Jeff Householder - Chairman, President and CEO Jim Moriarty - EVP, General Counsel, Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Chris Ellinghaus - Siebert Williams Shank Dylan Lipner - Ladenburg Thalmann Tate Sullivan - Maxim Group Brian Russo - Sidoti Operator Welcome to the Chesapeake Utilities Third Quarter 2023 Earnings Conference Call. At this time, all participants have been placed in a listen-only mode and the floor will be open for your question following the presentation.
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CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2023 RESULTS
Earnings per share ("EPS")* for the third quarter of 2023 was $0.53 compared to $0.54 per share for the third quarter of 2022 Adjusted EPS** for the third quarter of 2023, which excludes transaction-related expenses attributable to the announced acquisition of Florida City Gas ("FCG"), increased by 28 percent to $0.69 compared to $0.54 per share for the third quarter of 2022 Year-to-date EPS was $3.47 compared to $3.58 per share in the prior year. Adjusted EPS, excluding transaction-related expenses, for the nine months ended September 30, 2023 was $3.63 Historically warmer temperatures significantly impacted customer consumption during the first half of 2023, lowering both EPS and Adjusted EPS by approximately $0.41 per share Adjusted gross margin** growth of $7.6 million during the third quarter was driven by continued pipeline expansion projects, natural gas organic growth, regulatory initiatives, and increased propane margins and fees Entered into a definitive agreement to acquire FCG for approximately $923 million, which is expected to close in the fourth quarter of 2023 DOVER, Del.
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Chesapeake Utilities Corporation is an Industry Anchor Partner of the Infrastructure Funded Mid-Atlantic Clean Hydrogen Hub
DOVER, Del., Oct. 31, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) continues to advance the lower-carbon economy transition as an industry anchor partner with the Mid-Atlantic Clean Hydrogen Hub (MACH2™).
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Chesapeake Utilities Corporation Announces $80 Million Investment to Support Growing Energy Demand on the Delmarva Peninsula
DOVER, Del. , Oct. 18, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today announced that its subsidiary, Eastern Shore Natural Gas Company (ESNG), plans to invest $80 million in the Worcester Resiliency Upgrade project, a planned liquefied natural gas storage facility in Bishopville, Maryland.
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Chesapeake Utilities to Host its Third Quarter 2023 Earnings Conference Call and Webcast on November 3, 2023
DOVER, Del. , Oct. 12, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 3, 2023, at 8:30 a.m.
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Chesapeake Utilities Corporation Named Champion of Board Diversity by The Forum of Executive Women
DOVER, Del. , Oct. 11, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a 2023 Champion of Board Diversity by The Forum of Executive Women, joining other companies such as Campbell Soup Company, DuPont de Nemours, Rite Aid and WSFS Financial.
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NextEra Energy announces sale agreement for Florida City Gas and reaffirms long-term outlook
JUNO BEACH, Fla. , Sept. 26, 2023 /PRNewswire/ -- NextEra Energy, Inc. (NYSE: NEE) today announced its Florida Power & Light Company (FPL) subsidiary has entered into a definitive agreement to sell Florida City Gas (FCG) to Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) for $923 million in cash.
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Chesapeake Utilities Corporation to Acquire Florida City Gas
Transformative acquisition more than doubles operations in high-growth Florida service areas Positions CPK to execute on additional growth opportunities in regulated and unregulated businesses Supports long-term earnings and dividend growth; increases capital investment plan; financing plan maintains strong balance sheet DOVER, Del., Sept. 26, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or "the Company") today announced it has entered into a definitive agreement to acquire Florida City Gas ("FCG") from NextEra Energy, Inc. (NYSE: NEE) for $923 million in cash.
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Chesapeake Utilities Corporation Celebrates Four ARC International Awards for Excellence in Sustainability Reporting
DOVER, Del. , Sept. 13, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it was recognized with four MerComm ARC International Awards for its 2022 Sustainability Report.
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Chesapeake Utilities Corporation Participating in the NYSE Energy & Utilities Virtual Investor Access Day
DOVER, Del. , Sept. 8, 2023 /PRNewswire/ -- On September 12, 2023, Management from Chesapeake Utilities Corporation (NYSE:CPK) (the "Company") will participate in the New York Stock Exchange's ("NYSE") Energy & Utilities Virtual Investor Access Day.
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Chesapeake Utilities Corporation (CPK) Q2 2023 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q2 2023 Earnings Conference Call August 4, 2023 8:30 AM ET Company Participants Jeff Householder - Chairman, 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 Welcome to the Chesapeake Utilities Second Quarter 2023 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary.
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Chesapeake Utilities (CPK) Q2 Earnings and Revenues Miss Estimates
Chesapeake Utilities (CPK) came out with quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $0.88 per share a year ago.
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CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2023 RESULTS
Earnings per share ("EPS")* for the second quarter of 2023 was $0.90 compared to $0.96 per share for the second quarter of 2022 which included a non-recurring gain of $0.08 per share; Operating income for the quarter grew 7.1 percent from the prior year quarter to $28.3 million Year-to-date EPS was $2.94 compared to $3.04 per share in the prior year Customer consumption was significantly impacted by historically warmer temperatures during the quarter and the six months ended June 30, 2023, lowering EPS by approximately $0.09 and $0.38 per share, respectively Adjusted gross margin growth of $7.4 million was driven by regulatory initiatives, natural gas organic growth, increased demand for CNG, RNG and LNG services and continued pipeline expansion projects Multiple new project updates, including the announcement of two new pipeline projects that will drive future earnings growth Reiteration of long-term earnings and capital expenditures guidance, including continued capital expenditure guidance of $200 million to $230 million for 2023 DOVER, Del. , Aug. 3, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and six months ended June 30, 2023.
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Chesapeake Utilities to Host its Second Quarter 2023 Earnings Conference Call and Webcast on August 4, 2023
DOVER, Del., June 28, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, August 4, 2023, at 8:30 a.m.
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15 Upcoming Dividend Increases, Including A Dividend King
Companies with a track record of increasing dividends tend to perform better than those without, indicating strong business performance and commitment to rewarding shareholders. The article provides a list of stocks raising their dividends in the next week, sorted by ex-dividend day and streak, with data sourced from the U.S. Dividend Champions spreadsheet and NASDAQ. The list includes companies with a minimum of five years of consistent dividend growth, and it is important for investors to consider historical returns and perform due diligence before investing.
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Chesapeake Utilities Corporation (CPK) Q1 2023 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Alex Whitelam - Head, IR Jeff Householder - President, CEO Beth Cooper - EVP, CFO, Treasurer & Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary & Chief Policy and Risk Officer Conference Call Participants Brian Russo - Sidoti Tate Sullivan - Maxim Group Operator Welcome to the Chesapeake Utilities First Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.
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Chesapeake Utilities (CPK) Q1 Earnings Beat Estimates
Chesapeake Utilities (CPK) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.08 per share a year ago.
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Chesapeake Utilities to Host its First Quarter 2023 Earnings Conference Call and Webcast on May 4, 2023
DOVER, Del. , April 13, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 4, 2023, at 8:30 a.m.
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Dividend Champion, Contender, And Challenger Highlights: Week Of April 2
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
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Chesapeake Utilities Corporation (CPK) Q4 2022 Earnings Call Transcript
Chesapeake Utilities Corporation (NYSE:CPK ) Q4 2022 Results Conference Call February 23, 2022 8:30 AM ET Company Participants Alex Whitelam - Head, IR Jeff Householder - President, CEO Beth Cooper - EVP, CFO, Treasurer & Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary & Chief Policy and Risk Officer Conference Call Participants Brian Russo - Sidoti & Company Chris Ellinghaus - Siebert Williams Shank Tate Sullivan - Maxim Group Operator Good day, everyone, and welcome to the Chesapeake Utilities Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions].
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Chesapeake Utilities (CPK) Q4 Earnings and Revenues Beat Estimates
Chesapeake Utilities (CPK) delivered earnings and revenue surprises of 8.09% and 10.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
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Chesapeake Utilities to Host its Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast on Feb. 23, 2023
DOVER, Del. , Feb. 8, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 23, 2023, at 8:30 a.m.
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Dividend Champion, Contender, And Challenger Highlights: Week Of January 1
A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.
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Chesapeake Utilities Corporation (CPK) Q3 2022 Earnings Call Transcript
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.
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Chesapeake Utilities (CPK) Q3 Earnings Lag Estimates
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?
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California Pizza Kitchen Announces Second India Location
Casual Dining Leader Accelerates Franchise Expansion While Growing Global Footprint COSTA MESA, Calif., Oct. 24, 2022 /PRNewswire/ — California Pizza Kitchen (CPK), the creator of California-style pizza, announced the opening of a new franchise location in India’s business district, further accelerating the brand’s international expansion plans. The news comes on the heels of recent expansions in both […] Visit The Eastern Herald for more info...
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Chesapeake Utilities to Host Third Quarter 2022 Earnings Conference Call on November 3rd
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.
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CPK or MDU: Which is a Better Utility Gas Distribution Stock?
At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with MDU Resources (MDU).
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Chesapeake Utilities: Great Dividend Growth At A High Price
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.
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Play Safe as Market Volatility Climbs on Rate Hike: 5 Picks
Amid Fed-induced sell-off, investing in risk-adjusted stocks like PepsiCo (PEP), Lancaster Colony (LANC), Chesapeake Utilities (CPK), NextEra Energy (NEE) and Otter Tail (OTTR) seems prudent at the moment.
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CPK or NJR: Which is a Better Utility Gas Distribution Stock?
At present, Chesapeake Utilities (CPK) appears to be a better choice in the natural gas distribution stock compared with New Jersey Resources (NJR).
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Utilities Are Safer Bets When the Market Plays Spoilsport
Utilities are a good way to stop capital loss in a protracted market downturn.
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Looking for a Growth Stock? 3 Reasons Why Chesapeake Utilities (CPK) is a Solid Choice
Chesapeake Utilities (CPK) could produce exceptional returns because of its solid growth attributes.
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