Chesapeake Utilities (CPK)
NYSE:CPK
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Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.37Last Year’s EPS
2.22Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented strong operational and financial results — record adjusted EPS, double-digit margin growth, substantial customer additions, heavy capital deployment, and a return to target equity capitalization — while also acknowledging specific regulatory setbacks (notably the Florida City Gas depreciation outcome), near-term expense and financing headwinds, and execution risks associated with a major ERP roll-out. Management emphasized confidence in the multi-year growth plan, reaffirmed 2028 EPS targets, and outlined proactive regulatory and financing actions to mitigate impacts.Company Guidance
Record Earnings and Long-Term Growth
Adjusted earnings per share of $6.01 for full year 2025, representing 12% growth vs. 2024; adjusted net income increased 16% to approximately $141 million. This marks the company's 19th consecutive year of earnings growth and a 9.1% CAGR in EPS over 19 years.
Strong Adjusted Gross Margin and Segment Performance
Total adjusted gross margin of ~$639 million in 2025 with record incremental adjusted gross margin growth of $71 million. Regulated segment margin was $494 million (up 12% year-over-year) and unregulated segment margin was $145 million (up 13% year-over-year).
Material Capital Deployment and Forward-Looking Investment Plan
Invested $470 million in 2025, a 32% increase over 2024 and $20 million above 2025 guidance (record non-acquisition capital). 2026 capital guidance of $450–$500 million and 5-year guidance of $1.5–$1.8 billion (through 2028); company has invested/identified $1.6 billion toward the 5-year range.
Customer Growth and Market Expansion
Added nearly 11,000 residential, commercial and industrial customers in 2025. Residential growth: Delmarva 4.1%, Florida Public Utilities 3.6%, Florida City Gas 2.2%. Incremental customer-driven adjusted gross margin added $7.4 million in 2025.
Florida City Gas Integration and Progress
Since late-2023 acquisition, ~ $250 million of CapEx invested (~50% of the 5-year FCG-related investment goal). Fully integrated FCG onto the 1CX SAP billing platform and consolidated regulated customer service operations—demonstrating execution on integration and investment targets.
Unregulated Business Momentum (Marlin and RNG)
Marlin virtual pipeline transportation drove $11 million of additional gross margin in 2025; Propane and Aspire Energy added $5.7 million. Additional RNG/transport projects (landfill transport, Full Circle, Noble) contribute to pipeline of margin growth.
Capital Structure, Liquidity and Financing Achievements
Returned to target equity capitalization of 50% at year-end (goal met). Issued $123 million equity and $200 million debt tranches in 2025; maintained strong liquidity with ~78% of $755 million total capacity available. Secured inaugural Fitch investment-grade issuer and instrument ratings.
Shareholder Returns and Dividend Growth
Annualized dividend per share of $2.74, up 7% year-over-year, with a long-term dividend CAGR of 9%. Board target payout range 45%–50% allowed retention of ~54% of earnings to support capital investment.
Reaffirmed Long-Term EPS Target
Reaffirmed 2028 adjusted EPS range of $7.75–$8.00 and long-term adjusted EPS CAGR target of 8%, indicating management confidence in continued top-quartile growth.
Major Projects Producing Margin
Nearly all major capital projects generated interim or full service margin, contributing $22.8 million of adjusted gross margin in 2025 and forecasted to contribute ~$47 million in 2026 (and an additional ~$9 million in 2027).
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 |
|---|---|---|---|
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% |
May 07, 2025 | $131.15 | $127.34 | -2.90% |
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 May 06, 2026, Before Open (Confirmed).
What is Chesapeake Utilities (CPK) earnings time?
Chesapeake Utilities (CPK) earnings time is at May 06, 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 (Q1) is 2.37.