Welcome to our dedicated page for Chesapeake Utils news (Ticker: CPK), a resource for investors and traders seeking the latest updates and insights on Chesapeake Utils stock.
Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy provider delivering natural gas, electricity, and propane services across regulated and unregulated markets. This page aggregates official news, press releases, and regulatory updates essential for tracking the company's strategic initiatives and market position.
Investors and stakeholders will find timely updates on earnings announcements, infrastructure expansions, and sustainability projects like renewable natural gas initiatives. Media professionals can access primary-source materials including rate case filings and operational milestones across CPK's service territories in Delaware, Florida, and Ohio.
The curated collection features updates on key business segments: regulated energy distribution under state oversight, propane and CNG operations, and emerging renewable energy solutions. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to Chesapeake Utilities' latest developments, including pipeline safety programs, customer growth metrics, and regulatory approvals. Check back regularly for comprehensive coverage of this energy provider's evolving service offerings and market strategies.
Chesapeake Utilities Corporation (NYSE: CPK) reported a net income of $34.5 million, or $1.96 per share, for Q1 2021, a rise from $29 million, or $1.77 per share, in Q1 2020. The growth is attributed to better weather conditions, pipeline expansion projects, and acquisitions of Elkton Gas and Western Natural Gas. The gross margin increased by 17.1% to $116.9 million, driven by higher retail propane margins and organic growth. Despite a rise in operating expenses and depreciation, operating income increased by 22.5% to $51.6 million, indicating solid financial performance during the pandemic.
Chesapeake Utilities Corporation (NYSE: CPK) will hold a conference call on May 5, 2021, at 4:00 p.m. ET to discuss its first quarter financial results for the period ended March 31, 2021. The earnings press release is set to be issued the day prior, after market close. Investors can participate by dialing 877.224.1468 and referencing the financial results call. Chesapeake Utilities operates in various energy sectors, including natural gas distribution and electricity generation.
Chesapeake Utilities Corporation (NYSE: CPK) announced that Beth W. Cooper, Executive Vice President & CFO, and Thomas E. Mahn, Vice President and Treasurer, will present at the Sidoti & Company LLC Virtual Investor Conference on March 24, 2021, at 8:30 am EDT. They will also hold individual investor meetings on the 24th and 25th. The presentation will cover current projects and strategic initiatives aimed at future growth. Chesapeake Utilities is involved in natural gas, electricity, and propane distribution, among other energy services.
Chesapeake Utilities Corporation (NYSE: CPK) has promoted Cheryl Martin to Senior Vice President of Regulatory and External Affairs as of March 17, 2021. In her new role, Martin will enhance regulatory, legislative, and communications efforts while leading the Equity, Diversity, & Inclusion initiatives. She's been pivotal in successful rate cases and expanding the company's external messaging. Her extensive experience includes a prior position as Vice President of Regulatory and External Affairs and a long tenure at Florida Public Utilities Company.
Chesapeake Utilities Corporation (NYSE: CPK) announced that key executives will present at the Siebert Williams Shank West Coast Virtual Conference on March 17, 2021, at 2:10 pm EDT. The presentation will cover ongoing projects and strategic initiatives for future growth. Participants can access the presentation via the Investors section of the company's website. Chesapeake Utilities is involved in natural gas and electricity distribution, propane gas distribution, and more.
Chesapeake Utilities Corporation (NYSE: CPK) reported a net income of $71.5 million for 2020, up from $65.2 million in 2019, translating to earnings of $4.26 per share. Despite a decline in fourth-quarter earnings to $22.4 million, the company noted significant growth in net income from continuing operations. Key growth drivers included regulatory settlements, acquisitions, and organic expansion, countered by $4.3 million in lower gross margin due to reduced customer consumption amid the COVID-19 pandemic. The company affirmed EPS guidance for 2022 of $4.70 to $4.90 and extended guidance through 2025 of $6.05 to $6.25.
Chesapeake Utilities Corporation (NYSE: CPK) announced a quarterly cash dividend of $0.44 per share, payable on April 5, 2021, for shareholders on record by March 15, 2021. The company has maintained an uninterrupted dividend payment for 60 years, consistently maintaining or increasing its annualized dividend. This reflects Chesapeake's commitment to providing income for its shareholders while being engaged in various energy services including natural gas and propane distribution.
Chesapeake Utilities Corporation (NYSE: CPK) will hold a conference call on February 25, 2021, at 4:00 p.m. ET to discuss its financial results for the fourth quarter and year ended December 31, 2020. The earnings press release will be available on February 24, 2021, after market close. Chesapeake Utilities is engaged in multiple energy sectors, including natural gas and electricity distribution and production. More details can be found on their website.
Chesapeake Utilities Corporation (NYSE: CPK) announced the completion of the Callahan Intrastate Pipeline, enhancing natural gas capacity in Nassau and Duval Counties, Florida. The project was developed in partnership with SeaCoast Gas Transmission and TECO Peoples Gas, facilitating expanded service for Chesapeake's subsidiary, Florida Public Utilities Company (FPUC). This 26.5-mile pipeline aims to support economic growth and provide affordable energy solutions to underserved communities in northeast Florida, improving access to clean natural gas.
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