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Chesapeake Utils Corp Financials

CPK
Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows Chesapeake Utils Corp (CPK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 48 / 100
Financial Profile 48/100

Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability
100

Chesapeake Utils Corp has an operating margin of 29.0%, meaning the company retains $29 of operating profit per $100 of revenue. This strong profitability earns a score of 100/100, reflecting efficient cost management and pricing power. This is up from 22.5% the prior year.

Growth
78

Chesapeake Utils Corp's revenue surged 17.4% year-over-year to $787.2M, reflecting rapid business expansion. This strong growth earns a score of 78/100.

Leverage
77

Chesapeake Utils Corp carries a low D/E ratio of 0.91, meaning only $0.91 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
0

Chesapeake Utils Corp's current ratio of 0.49 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.

Cash Flow
0

While Chesapeake Utils Corp generated $239.4M in operating cash flow, capex of $355.3M consumed most of it, leaving -$115.9M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Returns
34

Chesapeake Utils Corp's ROE of 8.5% shows moderate profitability relative to equity, earning a score of 34/100. This is up from 7.0% the prior year.

Altman Z-Score Distress
1.45

Chesapeake Utils Corp scores 1.45, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($3.2B) relative to total liabilities ($2.2B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.

Piotroski F-Score Strong
7/9

Chesapeake Utils Corp passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed
2.02x

For every $1 of reported earnings, Chesapeake Utils Corp generates $2.02 in operating cash flow ($239.4M OCF vs $118.6M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Adequate
3.3x

Chesapeake Utils Corp earns $3.3 in operating income for every $1 of interest expense ($228.2M vs $68.4M). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.

Key Financial Metrics

Export CSV
Revenue
$787.2M
YoY+17.4%
5Y CAGR+10.4%
10Y CAGR+4.7%

Chesapeake Utils Corp generated $787.2M in revenue in fiscal year 2024. This represents an increase of 17.4% from the prior year.

EBITDA
$293.9M
YoY+35.9%
5Y CAGR+14.1%
10Y CAGR+12.7%

Chesapeake Utils Corp's EBITDA was $293.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 35.9% from the prior year.

Free Cash Flow
-$115.9M
YoY-877.9%

Chesapeake Utils Corp generated -$115.9M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 877.9% from the prior year.

Net Income
$118.6M
YoY+36.0%
5Y CAGR+12.7%
10Y CAGR+12.6%

Chesapeake Utils Corp reported $118.6M in net income in fiscal year 2024. This represents an increase of 36.0% from the prior year.

EPS (Diluted)
$5.26
YoY+11.2%
5Y CAGR+5.8%
10Y CAGR+7.9%

Chesapeake Utils Corp earned $5.26 per diluted share (EPS) in fiscal year 2024. This represents an increase of 11.2% from the prior year.

Cash & Debt
$7.9M
YoY+61.2%
5Y CAGR+2.5%
10Y CAGR+5.6%

Chesapeake Utils Corp held $7.9M in cash against $1.3B in long-term debt as of fiscal year 2024.

Dividends Per Share
$2.51
YoY+8.9%
5Y CAGR+9.6%
10Y CAGR+8.9%

Chesapeake Utils Corp paid $2.51 per share in dividends in fiscal year 2024. This represents an increase of 8.9% from the prior year.

Shares Outstanding
N/A
Gross Margin
N/A
Operating Margin
29.0%
YoY+6.5pp
5Y CAGR+6.8pp
10Y CAGR+16.5pp

Chesapeake Utils Corp's operating margin was 29.0% in fiscal year 2024, reflecting core business profitability. This is up 6.5 percentage points from the prior year.

Net Margin
15.1%
YoY+2.1pp
5Y CAGR+1.5pp
10Y CAGR+7.8pp

Chesapeake Utils Corp's net profit margin was 15.1% in fiscal year 2024, showing the share of revenue converted to profit. This is up 2.1 percentage points from the prior year.

Return on Equity
8.5%
YoY+1.5pp
5Y CAGR-3.1pp
10Y CAGR-3.5pp

Chesapeake Utils Corp's ROE was 8.5% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.

R&D Spending
N/A
Share Buybacks
N/A
Capital Expenditures
$355.3M
YoY+88.4%
5Y CAGR+14.0%
10Y CAGR+14.5%

Chesapeake Utils Corp invested $355.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 88.4% from the prior year.

CPK Income Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Revenue $179.6M-6.8% $192.8M-35.5% $298.7M+38.9% $215.0M+29.3% $166.3M-32.3% $245.7M+32.6% $185.3M+40.9% $131.5M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income $45.0M-10.5% $50.3M-42.1% $86.8M+29.7% $66.9M+64.0% $40.8M-48.7% $79.6M+68.2% $47.3M+133.9% $20.2M
Interest Expense $18.2M+2.2% $17.8M-1.7% $18.1M+3.4% $17.5M+4.2% $16.8M-1.2% $17.0M+8.8% $15.6M+120.9% $7.1M
Income Tax $7.6M-15.6% $9.0M-51.1% $18.4M+41.5% $13.0M+91.2% $6.8M-59.0% $16.6M+146.6% $6.7M+83.3% $3.7M
Net Income $19.4M-18.8% $23.9M-53.0% $50.9M+38.7% $36.7M+101.6% $18.2M-60.6% $46.2M+82.5% $25.3M+169.1% $9.4M
EPS (Diluted) $0.82-19.6% $1.02-53.8% $2.21+39.0% $1.59+93.9% $0.82-60.4% $2.07+64.3% $1.26+137.7% $0.53

CPK Balance Sheet

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Total Assets $3.9B+3.3% $3.7B+2.0% $3.7B+2.4% $3.6B+5.8% $3.4B+1.5% $3.3B+0.8% $3.3B+47.5% $2.2B
Current Assets $218.8M+13.8% $192.3M-3.7% $199.6M-2.3% $204.3M+30.7% $156.3M-7.9% $169.7M-8.6% $185.7M+35.1% $137.5M
Cash & Equivalents $1.8M+20.0% $1.5M+114.3% $700K-91.1% $7.9M+23.4% $6.4M+277.6% $1.7M-65.4% $4.9M+173.3% $1.8M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable $78.1M-7.1% $84.1M-13.3% $97.0M+26.5% $76.7M+41.6% $54.2M-20.7% $68.3M-4.9% $71.8M+59.6% $45.0M
Goodwill $507.5M0.0% $507.7M0.0% $507.7M0.0% $507.7M0.0% $507.9M+0.1% $507.6M-0.1% $508.2M+999.7% $46.2M
Total Liabilities $2.3B+4.6% $2.2B+1.0% $2.2B+1.4% $2.2B+4.6% $2.1B+1.9% $2.1B-0.4% $2.1B+49.8% $1.4B
Current Liabilities $351.2M-23.6% $459.8M+6.0% $433.7M+3.4% $419.4M+2.2% $410.2M+10.4% $371.7M-3.8% $386.4M+34.0% $288.4M
Long-Term Debt $1.4B+15.1% $1.2B-0.8% $1.3B-0.1% $1.3B+7.4% $1.2B-0.9% $1.2B-0.2% $1.2B+84.4% $643.8M
Total Equity $1.5B+1.3% $1.5B+3.6% $1.4B+4.1% $1.4B+7.7% $1.3B+0.8% $1.3B+2.8% $1.2B+43.8% $866.7M
Retained Earnings $597.2M+0.5% $594.1M+1.3% $586.4M+6.6% $550.3M+4.7% $525.5M+0.7% $521.7M+6.8% $488.7M+2.5% $476.6M

CPK Cash Flow Statement

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Operating Cash Flow $59.1M+9.0% $54.2M-36.2% $85.0M+291.7% $21.7M-69.0% $70.1M-28.0% $97.3M+382.8% $20.2M-41.4% $34.4M
Capital Expenditures $122.8M+22.9% $99.9M-12.2% $113.8M+18.9% $95.7M+7.6% $88.9M+17.7% $75.5M+48.3% $50.9M+7.4% $47.4M
Free Cash Flow -$63.7M-39.4% -$45.7M-58.7% -$28.8M+61.1% -$74.0M-293.6% -$18.8M-186.2% $21.8M+170.9% -$30.8M-135.6% -$13.1M
Investing Cash Flow -$105.5M-5.9% -$99.6M+11.9% -$113.1M-20.4% -$93.9M-15.8% -$81.1M-8.6% -$74.7M+92.3% -$975.7M-1986.9% -$46.8M
Financing Cash Flow $46.7M+1.1% $46.2M+121.1% $20.9M-73.4% $78.5M+400.0% $15.7M+160.9% -$25.8M-102.7% $958.6M+9474.7% $10.0M
Dividends Paid $16.3M+0.6% $16.2M+11.7% $14.5M+1.4% $14.3M-0.7% $14.4M+11.6% $12.9M+23.0% $10.5M-1.0% $10.6M
Share Buybacks N/A N/A N/A N/A N/A N/A N/A N/A

CPK Financial Ratios

Metric Q3'25 Q2'25 Q1'25 Q3'24 Q2'24 Q1'24 Q4'23 Q3'23
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin 25.1%-1.0pp 26.1%-3.0pp 29.1%-2.1pp 31.1%+6.6pp 24.5%-7.9pp 32.4%+6.9pp 25.5%+10.2pp 15.4%
Net Margin 10.8%-1.6pp 12.4%-4.6pp 17.0%-0.0pp 17.1%+6.1pp 10.9%-7.9pp 18.8%+5.1pp 13.7%+6.5pp 7.1%
Return on Equity 1.3%-0.3pp 1.6%-1.9pp 3.5%+0.9pp 2.6%+1.2pp 1.4%-2.2pp 3.6%+1.6pp 2.0%+0.9pp 1.1%
Return on Assets 0.5%-0.1pp 0.6%-0.7pp 1.4%+0.4pp 1.0%+0.5pp 0.5%-0.8pp 1.4%+0.6pp 0.8%+0.4pp 0.4%
Current Ratio 0.62+0.2 0.42-0.0 0.46-0.0 0.49+0.1 0.38-0.1 0.46-0.0 0.480.0 0.48
Debt-to-Equity 0.95+0.1 0.83-0.0 0.87-0.0 0.910.0 0.91-0.0 0.93-0.0 0.95+0.2 0.74
FCF Margin -35.5%-11.8pp -23.7%-14.1pp -9.6%+24.8pp -34.4%-23.1pp -11.3%-20.2pp 8.9%+25.5pp -16.6%-6.7pp -9.9%

Note: The current ratio is below 1.0 (0.49), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Chesapeake Utils Corp's annual revenue?

Chesapeake Utils Corp (CPK) reported $787.2M in total revenue for fiscal year 2024. This represents a 17.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Chesapeake Utils Corp's revenue growing?

Chesapeake Utils Corp (CPK) revenue grew by 17.4% year-over-year, from $670.6M to $787.2M in fiscal year 2024.

Is Chesapeake Utils Corp profitable?

Yes, Chesapeake Utils Corp (CPK) reported a net income of $118.6M in fiscal year 2024, with a net profit margin of 15.1%.

What is Chesapeake Utils Corp's earnings per share (EPS)?

Chesapeake Utils Corp (CPK) reported diluted earnings per share of $5.26 for fiscal year 2024. This represents a 11.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

What is Chesapeake Utils Corp's EBITDA?

Chesapeake Utils Corp (CPK) had EBITDA of $293.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Chesapeake Utils Corp have?

As of fiscal year 2024, Chesapeake Utils Corp (CPK) had $7.9M in cash and equivalents against $1.3B in long-term debt.

What is Chesapeake Utils Corp's operating margin?

Chesapeake Utils Corp (CPK) had an operating margin of 29.0% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.

What is Chesapeake Utils Corp's net profit margin?

Chesapeake Utils Corp (CPK) had a net profit margin of 15.1% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does Chesapeake Utils Corp pay dividends?

Yes, Chesapeake Utils Corp (CPK) paid $2.51 per share in dividends during fiscal year 2024.

What is Chesapeake Utils Corp's return on equity (ROE)?

Chesapeake Utils Corp (CPK) has a return on equity of 8.5% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is Chesapeake Utils Corp's free cash flow?

Chesapeake Utils Corp (CPK) generated -$115.9M in free cash flow during fiscal year 2024. This represents a -877.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Chesapeake Utils Corp's operating cash flow?

Chesapeake Utils Corp (CPK) generated $239.4M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are Chesapeake Utils Corp's total assets?

Chesapeake Utils Corp (CPK) had $3.6B in total assets as of fiscal year 2024, including both current and long-term assets.

What are Chesapeake Utils Corp's capital expenditures?

Chesapeake Utils Corp (CPK) invested $355.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.

What is Chesapeake Utils Corp's current ratio?

Chesapeake Utils Corp (CPK) had a current ratio of 0.49 as of fiscal year 2024, which is below 1.0, which may suggest potential liquidity concerns.

What is Chesapeake Utils Corp's debt-to-equity ratio?

Chesapeake Utils Corp (CPK) had a debt-to-equity ratio of 0.91 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Chesapeake Utils Corp's return on assets (ROA)?

Chesapeake Utils Corp (CPK) had a return on assets of 3.3% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is Chesapeake Utils Corp's Altman Z-Score?

Chesapeake Utils Corp (CPK) has an Altman Z-Score of 1.45, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Chesapeake Utils Corp's Piotroski F-Score?

Chesapeake Utils Corp (CPK) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Chesapeake Utils Corp's earnings high quality?

Chesapeake Utils Corp (CPK) has an earnings quality ratio of 2.02x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Chesapeake Utils Corp cover its interest payments?

Chesapeake Utils Corp (CPK) has an interest coverage ratio of 3.3x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Chesapeake Utils Corp?

Chesapeake Utils Corp (CPK) scores 48 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.