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Chesapeake Utilities (CPK)
NYSE:CPK
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.35Last Year’s EPS
2.1Same Quarter Last Year
Moderate Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: -0.72%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
Chesapeake Utilities experienced a year of significant growth with record capital investment, successful acquisition integration, and strong customer growth. Despite challenges such as higher operating and interest expenses, and rate case delays, the company demonstrated robust financial performance and favorable regulatory outcomes.Company Guidance
During Chesapeake Utilities Corporation's Fourth Quarter and Full Year 2024 Earnings Conference Call, the company provided several key metrics and guidance for 2025. Adjusted diluted earnings per share for 2024 reached $5.39, aligning with the midpoint of their guidance range. The company invested a record $356 million in capital throughout the year, targeting a five-year capital investment plan of $1.5 to $1.8 billion through 2028. For 2025, capital expenditure guidance was set between $325 and $375 million. Chesapeake Utilities reaffirmed its 2025 earnings per share guidance range of $6.15 to $6.35, indicating a 16% growth rate at the midpoint. The company also highlighted a strong balance sheet with an equity to total capitalization ratio of 48.4% and emphasized its commitment to increasing this ratio to 50% by the end of the year. Additionally, they discussed regulatory advancements, such as receiving FERC approval for an $80 million LNG storage project and active rate case filings, which are expected to support future growth and performance.Record Capital Investment
Chesapeake Utilities invested $356 million in capital in 2024, a record amount, and at the upper end of their annual guidance range of $300 million to $360 million.
Florida City Gas Acquisition Success
The acquisition of Florida City Gas contributed nearly $89 million in 2024 adjusted gross margin and led to significant operational and cultural integration success.
Strong Customer Growth
In Delmarva, over 4,000 new customers were added, driving residential growth by 4% and commercial growth by 1.6%. In Florida, 6,700 new customers were added, with residential and commercial growth of 3.9% and 1.2%, respectively.
Positive Financial Performance
Adjusted gross margin was $567 million, up 25% from 2023, and adjusted net income increased by 24% to approximately $122 million.
Favorable Regulatory Developments
Approval for $80 million Worcester Resiliency upgrade LNG storage project and Miami Interloop projects totaling $40 million.
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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
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CPK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $126.58 | $126.38 | -0.16% |
| Nov 07, 2024 | $120.92 | $124.00 | +2.55% |
| Aug 08, 2024 | $114.02 | $112.74 | -1.12% |
| May 08, 2024 | $108.74 | $109.60 | +0.79% |
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.
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FAQ
When does Chesapeake Utilities (CPK) report earnings?
Chesapeake Utilities (CPK) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Chesapeake Utilities (CPK) earnings time?
Chesapeake Utilities (CPK) earnings time is at Apr 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 (Q1) is 2.35.
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