Credit RatingCPK received a BBB+ rating from Fitch, indicating a stable credit outlook.
Dividend IncreaseCPK raised the dividend by 7.0%, representing an annualized yield of 2.2%.
Future DemandFuture rocket launches by Blue Origin, NASA, and SpaceX may require more natural gas, which could increase demand for CPK's pipeline services.
Revenue Growth1Q25 revenue was $298.7M, up 21.6% y/y, above estimates due to colder weather, leading to more consumption of natural gas.