Q2-25 results: Operating revenue grew 16% YoY to $192.8 mn, paced by Regulated Energy (+16%) and Unregulated Energy (+16%). Operating income rose 23% to $50.3 mn, expanding margin to 26.1%. Net income increased 31% to $23.9 mn; diluted EPS gained 25% to $1.02. First-half revenue reached $491.5 mn (+19%) and EPS climbed to $3.22 (+12%).
Cash & capital: Operating cash flow slipped 17% to $139.2 mn while capex accelerated to $213.9 mn. Funding came from $46.6 mn net revolver draws and $61.2 mn ATM equity, lifting short-term debt to $245.3 mn. Long-term debt held near $1.25 bn; equity improved to $1.50 bn. Cash ended at $1.5 mn.
Regulatory & growth drivers: New rate settlements add ~$18 mn of annual revenue (Delaware $6.1 mn, Maryland $3.5 mn, Florida electric $8.6 mn). Eastern Shore won FERC approval for revised rates on the Worcester Resiliency Upgrade. Multiple pipeline/extensions (Wildlight, Newberry, East/Central FL, Pioneer Header) and GUARD/SAFE infrastructure programs support long-term growth. Dividend increased to $0.685/sh; 23.54 mn shares outstanding (4-Aug-25).
This Form 4/A is an amendment to an insider trading report for Michael D. Galtman, Senior VP & CAO of Chesapeake Utilities (CPK), originally filed on February 28, 2025, for transactions occurring on February 26, 2025.
Key transaction details:
- Galtman earned 1,642 shares of common stock through a performance share agreement
- 1,166 shares were directly issued to Galtman
- 476 shares were withheld at $126.58 per share to cover tax liabilities
- Following the transaction, Galtman beneficially owns 2,473 shares directly and 200 shares indirectly through a 401k plan
The amendment was filed through Beth W. Cooper via Power of Attorney on June 23, 2025, clarifying the details of the performance share award and associated tax withholding.
This Form 4/A amends a previously filed insider trading report for Kevin J. Webber, Senior VP & Chief Development Officer of Chesapeake Utilities (CPK), correcting information about transactions that occurred on February 26, 2025.
Key transaction details:
- A performance share agreement resulted in 1,911 total shares being earned
- 1,866 deferred stock units were granted
- 45 shares were used to cover tax liability at $126.58 per share
- Following the transaction, Webber owns 11,217 shares directly (including 6,004 deferred stock units) and 492 shares indirectly through a 401k plan
The amendment was filed by Beth W. Cooper through power of attorney on June 23, 2025, clarifying that no actual shares were issued directly to Webber as part of this performance award.
This Form 4/A filing amends a previous insider trading report for Jeffery S. Sylvester, Senior VP & COO of Chesapeake Utilities (CPK), originally filed on February 28, 2025. The amendment provides clarification on transactions that occurred on February 26, 2025.
Key transaction details:
- 2,112 shares were earned through a performance share agreement
- Distribution breakdown: 359 shares issued directly, 1,584 deferred stock units granted, and 169 shares used for tax liability
- Current holdings include 12,717 shares held directly (including 9,918 deferred stock units) and 179 shares in 401k plan
- Previously unreported: 66 shares acquired through dividend reinvestment from October 2023 through January 2025
The amendment was signed by Beth W. Cooper via Power of Attorney on June 23, 2025, providing additional transparency on the executive's equity compensation and ownership structure.
This Form 4/A filing amends a previously filed Form 4 for James F. Moriarty, Executive VP & General Counsel of Chesapeake Utilities (CPK), regarding transactions on February 26, 2025.
Key transaction details:
- 4,330 shares were earned through a performance share agreement
- 2,696 shares were directly issued to Moriarty
- 1,634 shares were used to satisfy tax liability at $126.58 per share
Following these transactions, Moriarty's beneficial ownership consists of:
- 32,890 shares held directly (including 12,197 deferred stock units)
- 542 shares held indirectly through 401k Plan
This amendment was filed on June 28, 2025, correcting the original Form 4 filed on February 28, 2025. The filing was executed by Beth W. Cooper through Power of Attorney.
This Form 4/A is an amendment to a previously filed insider trading report for Jeffry M. Householder, President, CEO, and Chair of the Board of Chesapeake Utilities (CPK). The amendment clarifies transactions from February 26, 2025.
Key transaction details:
- A total of 11,088 shares were earned through a performance share agreement
- 1,468 shares were directly issued to Householder
- 8,316 deferred stock units were granted
- 1,304 shares were used to cover tax liability at $126.58 per share
Following these transactions, Householder beneficially owns 75,729 shares directly (including 30,845 deferred stock units) and 506 shares indirectly through a 401k plan. The amendment was filed by Beth W. Cooper via power of attorney on June 23, 2025.
This Form 4/A filing reports an amended insider trading activity for Beth W. Cooper, Executive VP, CFO & Treasurer of Chesapeake Utilities (CPK). The amendment clarifies a transaction from February 26, 2025, originally filed on February 28, 2025.
Key transaction details:
- Cooper earned 4,330 shares through a performance share agreement
- 1,080 shares were directly issued to Cooper
- 2,165 deferred stock units were granted
- 1,085 shares were used to cover tax liability at $126.58 per share
Following the transaction, Cooper beneficially owns 95,396 shares directly (including 28,304 deferred stock units) and 13,906 shares indirectly through the 401k Plan. This amendment provides additional clarity on the distribution of the performance shares and tax settlement details.