Chesapeake Utilities (NYSE:CPK) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Chesapeake Utilities (NYSE:CPK) released its earnings results on Thursday. The utilities provider reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02), FiscalAI reports. The business had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. Chesapeake Utilities had a return on equity of 9.46% and a net margin of 15.12%.The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the business earned $1.04 earnings per share. Chesapeake Utilities updated its FY 2026 guidance to 7.750-8.000 EPS.

Chesapeake Utilities Stock Performance

NYSE:CPK traded up $0.68 during mid-day trading on Friday, reaching $134.18. 170,276 shares of the stock were exchanged, compared to its average volume of 224,199. The stock has a market capitalization of $3.22 billion, a P/E ratio of 21.40 and a beta of 0.68. Chesapeake Utilities has a 1 year low of $118.88 and a 1 year high of $140.83. The company has a 50 day simple moving average of $127.35 and a 200-day simple moving average of $128.23. The company has a quick ratio of 0.39, a current ratio of 0.43 and a debt-to-equity ratio of 0.80.

Chesapeake Utilities Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 5th. Investors of record on Monday, September 14th will be paid a dividend of $0.735 per share. This represents a $2.94 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Monday, September 14th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 47.12%.

Wall Street Analysts Forecast Growth

CPK has been the subject of a number of recent analyst reports. Wells Fargo & Company began coverage on shares of Chesapeake Utilities in a report on Tuesday, May 12th. They set an “equal weight” rating and a $132.00 price target for the company. Barclays set a $142.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings raised Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Chesapeake Utilities currently has a consensus rating of “Hold” and an average target price of $137.00.

Chesapeake Utilities News Summary

Here are the key news stories impacting Chesapeake Utilities this week:

• Positive Sentiment: Raised 2026 earnings guidance: Chesapeake Utilities now expects 2026 EPS of $7.75–$8.00, well above the analyst consensus of $6.48. The updated outlook is a key positive catalyst. Chesapeake Utilities Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Revenue and operating performance improved: Second-quarter revenue rose 4.7% year over year to $201.9 million, while adjusted gross margin increased $7.4 million. Year-to-date adjusted EPS growth was 8%, supported by transmission expansion, regulatory initiatives, natural-gas customer growth and stronger unregulated operations. Chesapeake Utilities Boosts Capex, Highlights Strong Earnings Growth
• Positive Sentiment: Growth projects expanded: The company raised 2026 capital expenditure guidance to $550 million–$600 million and announced the $1.2 billion Florida Energy Pathway natural-gas pipeline, which has approximately 250,000 Dts/d of committed capacity and is targeted for service in 2030. Florida interim rates also add $16.2 million in annualized revenue, effective July 2026. Chesapeake Utilities Reports $25.4 Million Q2 Net Income
• Positive Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.735 per share, equivalent to $2.94 annually and an indicated yield of about 2.2%. Chesapeake Utilities Announces Quarterly Dividend
• Negative Sentiment: Quarterly EPS slightly missed expectations: Second-quarter EPS was $1.05 versus the $1.07 consensus, although it exceeded the $1.04 reported in the year-ago quarter. The higher capital program could also increase financing needs despite the revolving credit facility being expanded to $650 million.
• Negative Sentiment: Insider selling: Company insiders reported four sales and no purchases over the past six months, including sales by CEO Jeffry M. Householder and Chief Development Officer Kevin J. Webber. This may weigh modestly on investor sentiment.

Insider Activity at Chesapeake Utilities

In other news, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the transaction, the chief executive officer directly owned 63,001 shares in the company, valued at approximately $7,945,686.12. This trade represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Kevin J. Webber sold 2,000 shares of Chesapeake Utilities stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total transaction of $254,740.00. Following the completion of the transaction, the senior vice president directly owned 12,652 shares in the company, valued at $1,611,485.24. The trade was a 13.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of Chesapeake Utilities by 8.0% in the first quarter. Royal Bank of Canada now owns 28,886 shares of the utilities provider’s stock valued at $3,710,000 after buying an additional 2,139 shares during the last quarter. AQR Capital Management LLC increased its position in Chesapeake Utilities by 69.6% in the 1st quarter. AQR Capital Management LLC now owns 6,283 shares of the utilities provider’s stock valued at $807,000 after acquiring an additional 2,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Chesapeake Utilities by 6.9% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,452 shares of the utilities provider’s stock valued at $1,728,000 after acquiring an additional 870 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Chesapeake Utilities by 3.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 79,096 shares of the utilities provider’s stock valued at $10,158,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in Chesapeake Utilities by 1,714.7% during the 1st quarter. Jane Street Group LLC now owns 47,328 shares of the utilities provider’s stock valued at $6,078,000 after acquiring an additional 44,720 shares during the last quarter. 83.11% of the stock is owned by hedge funds and other institutional investors.

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.