Chesapeake Utils Corp Stock Price, News & Analysis

Chesapeake Utilities Corporation (NYSE: CPK) celebrated the five-year anniversary of its Safety Town training facility in Dover, Delaware. Since its 2020 launch, the facility has trained over 1,200 emergency response personnel and hosted more than 200 employee training events, reaching over 50 fire departments and organizations across Maryland and Delaware.

The facility provides hands-on training in natural gas safety, including certifications in excavation, leak investigation, confined space, and various safety protocols. During the anniversary event, CPK donated $10,000 to the Delaware Volunteer Firefighter Association's scholarship fund. The company also operates a similar facility in DeBary, Florida, reinforcing its commitment to safety leadership in the utility industry.

Chesapeake Utilities (NYSE:CPK) reported strong Q2 2025 financial results with net income of $23.9 million ($1.02 per share) and adjusted EPS of $1.04, representing a 20.9% increase from Q2 2024. The company's adjusted gross margin grew by $16.2 million, driven by natural gas organic growth, transmission projects, and increased compressed natural gas services.

CPK has re-affirmed its 2025 Adjusted EPS guidance of $6.15-$6.35 and increased its 2025 capital guidance range to $375-$425 million. The company successfully executed its financing plan with a $200 million long-term debt agreement in August 2025 and reached its target equity capitalization of 50%.

Chesapeake Utilities (NYSE:CPK) has declared a quarterly cash dividend of $0.685 per share on its common stock. The dividend will be paid on October 6, 2025 to shareholders of record as of September 15, 2025.

The company has maintained an impressive track record of uninterrupted dividend payments for 64 years and has consistently increased its annualized dividend every year since 2004, demonstrating its commitment to delivering shareholder value.

Chesapeake Utilities (NYSE:CPK), a diversified energy delivery company, has scheduled its Q2 2025 earnings conference call for August 8, 2025, at 8:30 a.m. ET. The company will release its financial results for the quarter ended June 30, 2025, after market close on August 7, 2025.

The conference call will be accessible via webcast through pre-registration, and a presentation will be available for participants to follow along. For those participating in the Q&A session by phone, toll-free and international dial-in numbers are provided with conference ID CPKQ225. A replay will be available in the Events & Presentations section of the company's website after the call.

Chesapeake Utilities Corporation (NYSE: CPK) has been named Best for Corporate Governance in the United States by World Finance for the third time, marking its second consecutive year receiving this recognition. The award acknowledges CPK's commitment to maintaining a values-driven culture and strategic approach focused on safety, operational excellence, and stakeholder value.

The company joins other global leaders receiving similar recognition, including Adidas in Germany, TotalEnergies in France, and ASML Holding in the Netherlands. CEO Jeff Householder emphasized that this achievement reflects the company's leadership values across all levels, while Executive VP Jim Moriarty highlighted how governance fosters organizational unity.

Chesapeake Utilities Corporation (NYSE:CPK) has announced a strategic infrastructure expansion through its Ohio subsidiary, Aspire Energy Express, LLC. The company has partnered with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in central Ohio.

The project, representing a $10 million capital investment, will serve a new fuel-cell facility providing on-site electric power to a data center. The infrastructure is expected to be operational in the first half of 2027, supporting the growing demand for distributed data infrastructure and AEP's commitment to providing power solutions for customers.

Chesapeake Utilities Corporation (NYSE: CPK) has appointed Abhijit Bhatwadekar as Vice President and Chief Information Officer, effective June 13, 2025. Bhatwadekar will lead the company's technology strategy and operations, overseeing IT infrastructure, enterprise applications, cybersecurity, and data management. He joins from PPL Corporation where he served as VP of data analytics and customer experience. His prior roles include leadership positions at Gallagher and Nielsen, where he demonstrated expertise in global analytics platforms, AI implementation, and operational efficiency. In his new role, Bhatwadekar will serve on CPK's senior leadership team and advise the Board on technology initiatives and cybersecurity risk management.

Chesapeake Utilities Corporation (NYSE: CPK) has released its third sustainability micro-report, highlighting the company's commitment to corporate responsibility and sustainable growth. The report emphasizes three key areas: employee development, community engagement, and customer service excellence. Key achievements include maintaining a 93% employee retention rate at Florida City Gas post-acquisition, recording a 9.1% voluntary turnover rate, and donating $1.25 million to charitable causes with 12,060 volunteer hours contributed in 2023-2024. The company has set an ambitious goal to achieve top-quartile customer service performance by 2027 and has more than doubled its annual spend on diverse vendors over the past two years.

Chesapeake Utilities (NYSE: CPK) reported strong Q1 2025 financial results with net income of $50.9 million ($2.21 per share), up from $46.2 million ($2.07 per share) in Q1 2024. Excluding FCG acquisition-related expenses, adjusted net income reached $51.1 million ($2.22 per share). The company saw an 11% growth in adjusted gross margin to $182.4 million, driven by increased customer consumption, regulatory initiatives, and infrastructure programs. Key highlights include: $113 million invested in transmission and infrastructure projects, advancement of three rate cases, and continued progress on business transformation. The company reaffirmed its 2025 EPS guidance of $6.15-$6.35 and 2028 EPS guidance of $7.75-$8.00, implying an 8% annual growth rate. Capital expenditure guidance for 2025 remains at $325-375 million, with a five-year (through 2028) projection of $1.5-1.8 billion.