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CPK

Chesapeake Utilities Corporation

CPK

Chesapeake Utilities Corporation • NYSE
$139.06 ▲ 0.49% (+0.68)
Market Cap $3.29 B
52w High $140.59
52w Low $115.12
Dividend Yield 2.65%
P/E 24.7
Volume 58.84K
Outstanding Shares 23.65M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $179.6M ▼ $32.5M ▲ $19.4M ▼ 10.802% ▼ $0.82 ▼ $72.2M ▼
Q2-2025 $192.8M ▼ $31.6M ▼ $23.9M ▼ 12.396% ▼ $1.03 ▼ $76.6M ▼
Q1-2025 $298.7M ▲ $32.2M ▲ $50.9M ▲ 17.041% ▼ $2.22 ▲ $113.9M ▲
Q4-2024 $215.046M ▲ $24.741M ▼ $36.654M ▲ 17.045% ▲ $1.6 ▲ $85.396M ▲
Q3-2024 $160.138M $26.438M $17.507M 10.932% $0.78 $61.641M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.8M ▲ $3.861B ▲ $2.343B ▲ $1.519B ▲
Q2-2025 $1.5M ▲ $3.738B ▲ $2.239B ▲ $1.499B ▲
Q1-2025 $700K ▼ $3.665B ▲ $2.217B ▲ $1.447B ▲
Q4-2024 $7.9M ▲ $3.577B ▲ $2.187B ▲ $1.39B ▲
Q3-2024 $1.609M $3.467B $2.119B $1.348B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $19.4M ▼ $59.1M ▲ $-105.5M ▼ $46.7M ▲ $300K ▼ $-49.2M ▼
Q2-2025 $23.9M ▼ $54.2M ▼ $-99.6M ▲ $46.2M ▲ $800K ▲ $-45.9M ▼
Q1-2025 $50.9M ▲ $85M ▲ $-113.1M ▼ $20.9M ▼ $-7.2M ▼ $-28.8M ▲
Q4-2024 $36.654M ▲ $21.732M ▼ $-93.893M ▲ $78.456M ▲ $6.291M ▲ $-73.982M ▼
Q3-2024 $17.507M $50.29M $-100.212M $45.101M $-4.821M $208.25M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Other
Other
 $0 ▲$-10.00M ▼$-10.00M ▲$-10.00M ▲
Regulated Energy
Regulated Energy
 $150.00M ▲$200.00M ▲$150.00M ▼$150.00M ▲
Unregulated Energy
Unregulated Energy
 $70.00M ▲$110.00M ▲$50.00M ▼$40.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Revenue and profits have climbed steadily over the past five years, which is notable in a capital‑heavy utility business. Earnings have grown broadly in line with sales, suggesting the company has been able to scale without letting operating costs run away. Profitability looks reasonably healthy for a regulated utility, with operating performance improving rather than just treading water. There was a small pause in earnings growth recently, but results have since moved to new highs, indicating that acquisitions and expansion are starting to show through in the income statement. Overall, the profit engine looks stable and gradually stronger, not volatile or overly dependent on one good year.

Balance Sheet

Balance Sheet The balance sheet has expanded significantly, mainly driven by acquisitions and heavy investment in infrastructure. Debt levels have risen meaningfully and now sit close to equity, which is normal for a growing utility but does tighten financial flexibility compared with earlier years. Equity has also increased, reflecting retained earnings and an enlarged asset base, which helps support the higher borrowing. Cash balances are kept very lean, so the company depends on access to capital markets and regulators’ support for ongoing investment. The key watchpoint is whether future earnings and allowed returns comfortably cover this larger debt load over time.

Cash Flow

Cash Flow Cash flow from day‑to‑day operations has been on a clear upward trend, showing that the underlying utility and energy services businesses are throwing off more cash each year. However, the company is in a heavy investment phase, with substantial spending on networks, acquisitions, and new projects, so free cash flow has often been negative. This pattern is typical for a growth‑oriented utility but means the business relies on external funding to bridge the gap between investment needs and internally generated cash. The long‑term story will hinge on whether these projects deliver dependable, regulated or contracted cash flows that more than offset the current funding strain.

Competitive Edge

Competitive Edge Chesapeake Utilities combines the stability of regulated gas and electric operations with faster‑growing unregulated energy services, giving it a diversified earnings base. Its footprint in attractive, growing regions such as Florida and the Mid‑Atlantic provides a helpful demographic tailwind and room to add new customers over time. Vertical integration across gas transmission, distribution, propane, mobile gas services, and on‑site power generation deepens relationships with customers and can create cost and service advantages. At the same time, the company still faces the usual utility pressures: regulatory scrutiny, competition from other fuels and technologies, and the need to keep customer bills acceptable while funding large investments. Its niche offerings, like mobile gas services and combined heat and power, add some distinctiveness compared with many smaller regional peers.

Innovation and R&D

Innovation and R&D For a mid‑size regulated utility, Chesapeake Utilities is unusually active in new energy technologies. It is investing in renewable natural gas projects, turning waste from farms and landfills into pipeline‑quality gas, which both cuts emissions and opens new revenue streams. The company is also experimenting with blending hydrogen into gas‑fired power at its flagship combined heat and power plant, giving it early experience in lower‑carbon fuels that many peers are only beginning to explore. Its mobile “virtual pipeline” business, training facilities, and dedicated sustainability office further underline a culture that leans into change rather than simply defending the status quo. The main uncertainty is how quickly these emerging technologies scale and how regulators and customers ultimately share the costs and benefits.

Summary

Chesapeake Utilities shows a pattern of steady revenue and earnings growth, supported by a mix of regulated stability and expansion into higher‑growth, service‑oriented businesses. The balance sheet is now more leveraged than in the past as the company has bought assets and invested heavily, which is typical for the sector but raises the importance of maintaining strong, predictable cash flows. Operating cash generation is improving, yet large capital projects keep free cash flow tight, reinforcing the need for continued supportive regulation and capital market access. Competitively, the company benefits from its presence in growing regions, its vertical integration, and its differentiated offerings in propane and mobile gas solutions. Its push into renewable natural gas, hydrogen blending, and advanced energy infrastructure suggests a forward‑looking stance in the energy transition, though outcomes will depend on project execution, technology performance, and regulatory decisions over the coming years.

NEWS

November 12, 2025 · 4:00 PM UTC

Chesapeake Utilities Corporation Honored as Employer Champion of the Year by Delaware Department of Labor

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November 6, 2025 · 4:50 PM UTC

CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2025 RESULTS

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November 6, 2025 · 10:45 AM UTC

Chesapeake Utilities Corporation Announces Quarterly Dividend

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October 21, 2025 · 11:15 AM UTC

Chesapeake Utilities to Host its Third Quarter 2025 Earnings Conference Call and Webcast on November 7, 2025

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September 19, 2025 · 8:56 AM UTC

Chesapeake Utilities Corporation Businesses Honored Among Delaware's Best

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