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's subsidiary, Sharp Energy, opened its first propane autogas fueling station in North Carolina on September 14, 2022. Located in Dunn, this station will serve as a cleaner fuel option for local truck fleets, contributing to reduced greenhouse gas emissions. This opening follows Sharp Energy's expansion into the Carolinas through acquisitions earlier this year. Additionally, Chesapeake Utilities made a $5,000 donation to the Beacon Rescue Mission in Dunn during the ceremony, emphasizing their commitment to community support.
On August 4, 2022, Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.535 per share, to be paid on October 5, 2022, to shareholders of record as of September 15, 2022. This marks 61 consecutive years of uninterrupted dividend payments, with annual increases since 2004. The company provides sustainable energy solutions through various services, including natural gas and electricity distribution. This consistent dividend payment reflects Chesapeake's commitment to shareholder value.
Chesapeake Utilities (NYSE: CPK) announced solid financial results for the second quarter and first half of 2022, with year-to-date earnings per share (EPS) rising to $3.04, a 10.5% increase year-over-year. Second-quarter EPS was $0.96, up 23.1% from $0.78 in the previous year, bolstered by a one-time $1.9 million gain. Growth stemmed from pipeline expansions, acquisitions, and increased customer consumption, despite challenges such as higher interest expenses and supply chain disruptions. The company reduced its 2022 capital expenditure guidance to $140-$175 million, but maintains long-term growth plans.
Chesapeake Utilities Corporation (NYSE: CPK) has appointed Sheree M. Petrone and Stephanie N. Gary to its Board of Directors, effective July 22, 2022. Petrone brings extensive energy sector experience from Dynegy Inc. and Exelon Corporation, while Gary serves as vice president of finance at TidalHealth. The Board emphasizes that their expertise will enhance strategic planning and support the company's growth in the evolving energy landscape. Both appointees express excitement about contributing to Chesapeake's sustainable growth and leadership in energy transition.
Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on August 4, 2022, at 4:00 p.m. ET to discuss its second quarter financial results for the period ending June 30, 2022. An earnings press release will be issued on August 3, 2022, after market close. The call can be accessed by dialing 877.224.1468, with details available on the company's website. Chesapeake Utilities provides diverse energy solutions, including natural gas, electricity, and propane services.
Chesapeake Utilities Corporation (NYSE: CPK) will host a live webcast on May 17, 2022, at 12:50 pm EST during the 2022 AGA Financial Forum. Presenters include CEO Jeff Householder, CFO Beth Cooper, and General Counsel Jim Moriarty. Participants will gain insights into the current projects and strategic initiatives aimed at driving future growth. To join the webcast, visit the Investors page on www.chpk.com or listen here. Chesapeake Utilities offers diverse energy solutions, focusing on sustainability.
Chesapeake Utilities Corporation (NYSE: CPK) announced the promotions of Andrena Burd and Puru Buddha to assistant vice president roles. Burd will lead the risk management department, enhancing the company's enterprise risk management culture, while Buddha will oversee enterprise applications and IT project management. Burd's experience includes serving as the director of internal audit since 2019, and Buddha has been with the company since 2016. Both appointments aim to strengthen risk management and technology initiatives as Chesapeake Utilities continues to transform its business.
Chesapeake Utilities Corporation (NYSE: CPK) has announced an increase in its quarterly cash dividend from $0.48 to $0.535 per share. This marks an 11.5% increase in the annualized dividend, raising it from $1.92 to $2.14 per share. The new dividend will be payable on July 5, 2022, to shareholders of record by June 15, 2022. The company has maintained consistent dividend payments for 61 years, reflecting strong financial performance and a commitment to return capital to shareholders.
Chesapeake Utilities (NYSE: CPK) reported a net income of $36.9 million for the first quarter of 2022, a 7.2% increase from $34.5 million in Q1 2021. The earnings per share (EPS) rose to $2.08, a 6.1% rise from $1.96 in the prior year. Growth was driven by the acquisition of Diversified Energy, infrastructure expansions, and higher profitability in unregulated businesses. The company also invested in low-carbon energy initiatives, including a CNG fueling station and hydrogen blending tests. Capital expenditure guidance remains at $750 million to $1 billion through 2025.
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