Chesapeake Utilities (NYSE:CPK) Posts Earnings Results, Misses Expectations By $0.04 EPS

Chesapeake Utilities (NYSE:CPK) released its earnings results on Thursday. The utilities provider reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.04), FiscalAI reports. Chesapeake Utilities had a return on equity of 9.29% and a net margin of 15.09%. The firm had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $193.31 million. During the same quarter in the previous year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 9.0% on a year-over-year basis.

Chesapeake Utilities Stock Performance

CPK stock traded down $1.62 on Friday, hitting $140.07. The company’s stock had a trading volume of 233,766 shares, compared to its average volume of 156,233. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 22.09 and a beta of 0.62. The firm has a 50 day moving average of $131.58 and a two-hundred day moving average of $129.60. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. Chesapeake Utilities has a 1 year low of $118.88 and a 1 year high of $145.54.

Chesapeake Utilities Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th will be issued a $0.7350 dividend. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Chesapeake Utilities’s payout ratio is presently 46.89%.

Analyst Ratings Changes

CPK has been the topic of several research analyst reports. Weiss Ratings raised Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Mizuho set a $150.00 price target on Chesapeake Utilities and gave the company an “outperform” rating in a report on Friday, September 11th. Huntington started coverage on shares of Chesapeake Utilities in a report on Monday, September 14th. They set an “outperform” rating and a $150.00 price objective on the stock. Wells Fargo & Company set a $136.00 price objective on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Wednesday, September 30th. Finally, Barclays set a $134.00 target price on shares of Chesapeake Utilities and gave the company an “equal weight” rating in a report on Monday, October 19th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $142.50.

Key Chesapeake Utilities News

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

• Positive Sentiment: Chesapeake Utilities raised its FY 2026 EPS guidance to $7.75–$8.00, well above the $6.50 consensus estimate. The higher outlook may support investor expectations for earnings growth.
• Positive Sentiment: The company reported 8.4% year-to-date growth in adjusted EPS and 9.2% growth in adjusted gross margin, citing regulatory and infrastructure programs, transmission expansion, organic growth, and higher customer consumption. It also announced a joint venture with NextEra Energy Resources to finance and own 49% of the $1.2 billion Florida Energy Pathway project. Third-quarter results
• Neutral Sentiment: The board declared a quarterly dividend of $0.735 per share, unchanged, equivalent to $2.94 annually and a stated yield of about 2.1%. Quarterly dividend announcement
• Negative Sentiment: Third-quarter EPS was $0.89, below the $0.93 consensus estimate. Revenue was a brighter spot, reaching $195.8 million versus the $193.31 million estimate and rising 9% year over year. Quarterly earnings report

About Chesapeake Utilities

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.