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 (NYSE: CPK) has declared a quarterly cash dividend of $0.64 per share on its common stock. The dividend will be paid on April 7, 2025 to shareholders of record at the close of business on March 14, 2025.
The company maintains a remarkable dividend track record, having paid dividends without interruption for 64 years and consistently increased its annualized dividend every year since 2004.
Chesapeake Utilities (NYSE:CPK) has been named a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC) in the Over 50 Employees category. The recognition was awarded on February 20, 2025, acknowledging the company's support for service members, veterans, and their families through workplace initiatives.
In 2024, the company collaborated with over 130 veteran service organizations across their service territories, successfully hiring 12 veterans as of November. The company maintains a Veterans Employee Resource Group (ERG) that focuses on raising awareness of veterans' skills and challenges, while fostering mentorship and camaraderie. Their initiatives include an annual Veterans Day Leadership Symposium and community service activities supporting Honor Flights and Wreaths Across America.
Chesapeake Utilities (NYSE: CPK) has announced it will host a conference call on February 27, 2025 at 8:30 a.m. ET to discuss its financial results for the fourth quarter and full year 2024. The earnings press release will be issued after market close on February 26, 2025.
The company will provide a live webcast of the conference call, with presentation materials available for participants to follow along. For the Q&A portion, investors and analysts can dial in using the toll-free number 800-579-2543 or international number 785-424-1789 with Conference ID: CPKQ424.
Chesapeake Utilities is a diversified energy delivery company offering sustainable energy solutions through natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, and mobile compressed natural gas utility services.
Florida City Gas (FCG), a Chesapeake Utilities (NYSE: CPK) subsidiary, has been named a 2024 Customer Champion by Escalent in their Cogent Syndicated report. FCG achieved the highest ranking among utilities in the South region and placed second among natural gas companies nationwide. The recognition came after evaluation of 142 major U.S. utilities, with FCG being among the top 47 companies recognized for strong customer relationships.
The assessment focused on key areas including safety, reliability, environmental stewardship, and community engagement. This achievement follows FCG's previous recognitions as a 'Most Trusted Utility Brand' in 2022 and 'Easiest to do Business With' in 2023.
Chesapeake Utilities (NYSE: CPK) has established an at-the-market equity offering program to sell up to $100 million worth of common stock shares. The company has partnered with multiple sales agents, including RBC Capital Markets, Barclays Capital, and others, to facilitate the offerings through the New York Stock Exchange. The proceeds will be used for general corporate purposes, including capital expenditures, debt repayment, acquisitions, subsidiary investments, and working capital. The shares will be offered under the company's existing shelf registration statement filed with the SEC.
Chesapeake Utilities (NYSE: CPK) reported Q3 2024 net income of $17.5 million ($0.78 per share), compared to $9.4 million ($0.53 per share) in Q3 2023. Excluding FCG acquisition-related expenses, adjusted net income was $18.1 million ($0.80 per share). For the first nine months of 2024, net income reached $81.9 million ($3.66 per share). The company affirmed its 2024 EPS guidance of $5.33-$5.45 and capital expenditure guidance of $300-360 million. Growth was driven by FCG contributions, infrastructure programs, pipeline expansions, and natural gas distribution growth. The company projects 2025 EPS of $6.15-$6.35 and 2028 EPS of $7.75-$8.00.
Chesapeake Utilities (NYSE: CPK) has announced a quarterly cash dividend of $0.64 per share on its common stock. The dividend will be paid on January 6, 2025, to shareholders of record at the close of business on December 16, 2024. The company has maintained an impressive track record of 64 years of uninterrupted dividend payments and has consistently increased its annualized dividend every year since 2004.
Chesapeake Utilities (NYSE: CPK) has completed its renewable natural gas (RNG) facility at Full Circle Dairy in Lee, Florida. The $22 million facility, which began operations in June 2024, is expected to produce 100,000 dekatherms annually. The project will capture over 1,100 metric tons of methane yearly, equivalent to powering 3,500 homes. Since June, the facility has already produced and injected over 18,000 dekatherms of RNG. The RNG is transported by Marlin Gas Services via virtual pipeline to Yulee, Florida, for distribution in Nassau County.
Chesapeake Utilities (NYSE: CPK) has announced its upcoming third quarter 2024 earnings conference call and webcast, scheduled for November 8, 2024, at 8:30 a.m. ET. The company will release its financial results for the quarter ended September 30, 2024, after market close on November 7, 2024. Investors can participate via webcast through pre-registration or join the Q&A session by phone using the provided dial-in numbers. Chesapeake Utilities is a diversified energy delivery company offering natural gas transmission and distribution, electricity services, propane distribution, and mobile compressed natural gas solutions.
Chesapeake Utilities (NYSE: CPK) has released its 2023 Environmental Stewardship Report, highlighting the company's progress in reducing emissions and contributing to a more sustainable future. Key achievements include:
- A 25% reduction in Scope 1 and Scope 2 emissions since 2019, with a 10% year-over-year reduction in 2023
- Support for the renewable natural gas (RNG) value chain, including the company's first waste-to-RNG facility
- Investments in renewable infrastructure through the MACH2™ hydrogen hub
- Promotion of conservation and energy efficiency, including a proposed natural gas energy efficiency portfolio in Delaware
- Extension of pipelines to provide natural gas to underserved areas
The report is part of a series of micro-reports focusing on sustainability, with the next report on community impact and DEI initiatives planned for early 2025.