Chesapeake Utilities (CPK)

NYSE:CPK

CPK

Chesapeake Utilities

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Chesapeake Utilities (CPK) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Aug 05, 2026

Before Open (Confirmed)

Period Ending

2026 (Q2)

Consensus EPS Forecast

1.08

Last Year’s EPS

1.04

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 3 Analysts Ratings

Earnings Call Summary

Q1 2026

Earnings Call Date:May 06, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call was positive: the company reported solid year-over-year revenue and earnings growth, demonstrated strong segment-level performance, maintained liquidity and capital plans, increased the dividend, and reaffirmed long-term EPS guidance. Notable execution risks include a schedule delay on the WRU LNG project that reduces 2026 EPS by ~ $0.10, higher operating and financing costs, and pending regulatory timing for Florida City Gas rates. Despite these headwinds, management presented clear mitigation actions, ongoing capital deployment, and expected future margin contributions from projects.

Company Guidance

Chesapeake reaffirmed 2026 capital spending of $450–$500 million (with $122 million invested through Q1) and said major projects are forecast to add about $31 million of gross margin in 2026 and another $20 million in 2027, though WRU schedule changes will materially reduce 2026 margin (and lower full‑year EPS by roughly $0.10) while still targeting $17 million of WRU margin in 2027; the company plans to issue about $60 million of equity in 2026, reported equity capitalization of 50% with 107,000 shares issued in Q1, and has liquidity/capacity representing ~74% of total debt capital of $793 million. Management reaffirmed a long‑term EPS CAGR target of 8% through 2028 and 2028 EPS guidance of $7.75–$8.00, will revisit capital guidance by Feb 2027, and the Board approved a $0.20 (7.3%) dividend increase to $2.94 annualized (66th consecutive year of dividends, 23rd consecutive increase) with a payout target of 45–50% (retaining ~50–55% of earnings). Q1 results supporting this outlook included adjusted gross margin of ~$206 million (up 13%), adjusted net income of ~$59 million (up 16%), adjusted EPS of $2.47 (up 11%), regulated gross margin of ~$148 million (up 15%) and unregulated gross margin of ~$59 million (up 8%); quarter‑to‑quarter EPS drivers cited were ~$0.27 from demand ($0.21 transmission, $0.06 distribution), $0.17 from infrastructure, $0.13 from permanent rate cases, $0.14 from cold weather and $0.07 from off‑system sales, partially offset by ~$0.20 higher payroll/benefits, ~$0.29 higher operating expenses, ~$0.04 higher credit/customer costs, ~$0.05 higher depreciation & amortization and ~$0.05 financing drag.

Strong Quarter Financial Performance

Adjusted net income increased 16% year-over-year to approximately $59 million; adjusted earnings per share rose 11% to $2.47. Adjusted gross margin was ~$206 million, up 13% versus Q1 2025.

Regulated and Unregulated Segment Growth

Regulated adjusted gross margin grew 15% to about $148 million and regulated operating income rose 18% to ~$71 million. Unregulated Energy adjusted gross margin increased 8% to ~$59 million and unregulated operating income grew 8% to $28 million.

Incremental Margin Drivers

Company generated incremental margin contributions including $12 million from transmission/infrastructure projects and $11 million from distribution growth, updated rates and higher customer usage; cold weather added ~$0.14 EPS and infrastructure/transmission added ~$0.21 EPS to results.

Customer Growth

Above-average residential customer growth across core service areas: Delmarva +3.3%, Florida Public Utilities +2.2%, Florida City Gas +2.0%, supporting long-term demand and capital deployment opportunities.

Capital Program Progress and Guidance

Invested $122 million in Q1, consistent with full-year 2026 capital guidance of $450–$500 million. Major projects forecasted to contribute ~$31 million gross margin in 2026 and an additional ~$20 million in 2027.

Dividend Increase and Long-Term EPS Guidance

Board approved a $0.20 annualized dividend increase (7.3%) to $2.94 per share. Company reaffirmed long-term EPS CAGR of 8% through 2028 and 2028 EPS guidance of $7.75–$8.00.

Capital Structure and Liquidity

Equity capitalization at 50% with strong liquidity (74% capacity of total debt capital of $793 million). Company expects to issue approximately $60 million of equity in 2026 via ATM/waiver programs and plans to refinance acquisition debt to lower interest expense.

Chesapeake Utilities (CPK) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CPK Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 05, 2026	2026 (Q2)	1.08 / -	1.04	―	―	―
May 06, 2026	2026 (Q1)	2.38 / 2.47	2.22	11.26% (+0.25)
Feb 25, 2026	2025 (Q4)	1.94 / 1.94	1.63	19.02% (+0.31)
Sep 30, 2025	2025 (Q3)	0.91 / 0.82	0.8	2.50% (+0.02)	―	―
Aug 07, 2025	2025 (Q2)	1.02 / 1.04	0.86	20.93% (+0.18)
May 07, 2025	2025 (Q1)	2.25 / 2.22	2.1	5.71% (+0.12)
Feb 26, 2025	2024 (Q4)	1.64 / 1.63	1.64	-0.61% (-0.01)
Nov 07, 2024	2024 (Q3)	0.67 / 0.80	0.69	15.94% (+0.11)
Aug 08, 2024	2024 (Q2)	0.81 / 0.86	0.9	-4.44% (-0.04)
May 08, 2024	2024 (Q1)	2.08 / 2.10	2.04	2.94% (+0.06)

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 06, 2026	$125.83	$127.23	+1.11%
Feb 25, 2026	$133.54	$133.91	+0.28%
Sep 30, 2025	$133.26	$133.29	+0.02%
Aug 07, 2025	$119.37	$121.48	+1.77%

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 Aug 05, 2026, Before Open (Confirmed).

What is Chesapeake Utilities (CPK) earnings time?

Chesapeake Utilities (CPK) earnings time is at Aug 05, 2026, Before Open (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 2026 (Q2) is 1.08.