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) generates a steady flow of news as a diversified energy delivery company active in natural gas transmission and distribution, electricity generation and distribution, propane gas distribution and mobile compressed natural gas (CNG) utility services and solutions. News coverage on this page reflects the company’s announcements, financial updates and operational developments across its regulated and unregulated energy businesses.
Investors and observers can find updates on quarterly and year-to-date earnings results, where Chesapeake Utilities reports net income, earnings per share (EPS) and non-GAAP measures such as Adjusted Gross Margin, Adjusted Net Income and Adjusted EPS. These releases often discuss the impact of regulatory initiatives, infrastructure programs, pipeline expansion projects and increased CNG, renewable natural gas (RNG) and liquified natural gas (LNG) services on the company’s performance.
In addition to earnings, Chesapeake Utilities’ news includes dividend declarations, highlighting its long history of uninterrupted dividend payments and annualized dividend increases since 2004, as reported in its announcements. Corporate governance items, such as board appointments and director resignations disclosed in press releases and related SEC filings, also appear in the news flow.
Operational and community-focused stories feature prominently as well. The company issues updates on recognition for its natural gas and propane businesses, safety and training initiatives such as its Safety Town facilities in Delaware and Florida, and participation in industry events like Florida’s Women in Energy Leadership Forum. For readers tracking CPK, this news page offers a centralized view of financial results, capital plans, regulatory milestones, safety programs and community engagement activities. Users interested in Chesapeake Utilities’ ongoing developments can return regularly to review the latest company-issued news items and related market updates.
Chesapeake Utilities Corporation (NYSE: CPK) will hold a conference call on August 5, 2021, at 4:00 p.m. ET to discuss its financial results for the second quarter ending June 30, 2021. The earnings press release will be made available on August 4, 2021, after market close. This call will provide insights into the company's performance across its diversified energy services including natural gas and electricity distribution. Stakeholders can access the replay on the company's website.
On May 5, 2021, Chesapeake Utilities Corporation (NYSE: CPK) announced a quarterly cash dividend increase from $0.44 to $0.48 per share, marking a 9.1% annualized dividend boost from $1.76 to $1.92 per share for 2021. The new dividend will be payable on July 6, 2021 to shareholders of record as of June 15, 2021. The Company reported record-breaking earnings despite 2020 challenges and emphasized a solid growth strategy with a corresponding five-year earnings growth rate of 9.4%.
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.
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