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Chesapeake Utilities (CPK)
NYSE:CPK
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.03Last Year’s EPS
0.86Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: -8.76%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Positive
The earnings call demonstrated strong financial and operational performance with significant growth in customer base, capital investments, and regulatory successes. However, the delay and increased costs of the WRU project, alongside heightened operating and depreciation expenses, present challenges. Overall, the positive aspects outweigh the negatives, indicating a healthy outlook.Company Guidance
In the first quarter of 2025, Chesapeake Utilities Corporation reported impressive financial growth, with adjusted earnings per share (EPS) of $2.22, marking a 6% increase from the prior year's first quarter. The company reaffirmed its full-year 2025 adjusted EPS guidance of $6.15 to $6.35, highlighting strong momentum. Capital investments are progressing well, with $113 million invested in the first three months, contributing to a capital growth plan of $325 million to $375 million for the year. Key drivers of performance include a 4% customer growth in Delmarva and a 3% increase in Florida, underpinned by population migration, new residential construction, and expansion projects. Gross margin from infrastructure investments and gas transmission businesses further supported growth, with reliability infrastructure generating $5.8 million in the first quarter and expected to yield $27 million for the year. Despite a $20 million cost increase and delay in the Worcester Resiliency Upgrade project, overall strategic initiatives in regulatory management and business transformation continue to drive sustainable earnings and shareholder value.Strong Earnings Growth
Chesapeake Utilities reported adjusted earnings per share of $2.22 for Q1 2025, a 6% increase from Q1 2024.
Robust Capital Investment
The company invested $113 million in the first quarter of 2025 towards its capital growth plan, part of a $325 million to $375 million annual goal.
Record Customer Growth
Delmarva region saw nearly 4% customer growth, and Florida experienced a 3% increase, driven by population migration and new residential communities.
Successful Regulatory Outcomes
A base rate increase of $3.5 million was approved in Maryland, and a settlement for an $8.6 million revenue increase in Florida was reached.
Unregulated Segment Expansion
The Unregulated Energy segment grew adjusted gross margin by 18% to approximately $54 million, with strong performance from propane operations and Marlin Gas Services.
Dividend Increase
The company announced a 7% increase in its annualized dividend, raising it from $2.56 to $2.74 per share.
CPK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $134.05 | $130.16 | -2.90% |
Feb 26, 2025 | $125.94 | $125.74 | -0.16% |
Nov 07, 2024 | $120.30 | $123.37 | +2.55% |
Aug 08, 2024 | $113.44 | $112.16 | -1.13% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Chesapeake Utilities (CPK) report earnings?
Chesapeake Utilities (CPK) is schdueled to report earning on Jul 30, 2025, TBA Not Confirmed.
What is Chesapeake Utilities (CPK) earnings time?
Chesapeake Utilities (CPK) earnings time is at Jul 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPK EPS forecast?
CPK EPS forecast for the fiscal quarter 2025 (Q2) is 1.03.