Chesapeake Utilities (CPK)
NYSE:CPK
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Chesapeake Utilities
(NYSE:CPK)
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Rating:64Neutral
Price Target:
$135.00
â–²(6.69% Upside)
Action:ReiteratedDate:04/01/26
The score is driven mainly by solid underlying operating performance and constructive, target-reaffirming earnings-call guidance, offset by weaker cash-flow quality and leverage/data-reliability concerns in the financial statements. Near-term technicals are mildly bearish, and valuation looks fair rather than meaningfully discounted.
Positive Factors
Regulated Revenue & Margins
Chesapeake’s core regulated distribution business shows durable top-line expansion and steady utility-like margins. Compounded revenue and rising net income reflect expanding customer volumes, rate-base additions and regulatory cost recovery that support predictable, long-term earnings power.
Negative Factors
Leverage & Data Inconsistency
Historically elevated leverage is typical for utilities but increases sensitivity to rate outcomes and financing costs. The 2025 balance-sheet inconsistencies reduce transparency into true leverage and could mask refinancing needs or covenant pressures, complicating long-term capital planning and stakeholder assessment.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Revenue & Margins
Chesapeake’s core regulated distribution business shows durable top-line expansion and steady utility-like margins. Compounded revenue and rising net income reflect expanding customer volumes, rate-base additions and regulatory cost recovery that support predictable, long-term earnings power.
Read all positive factors
Chesapeake Utilities (CPK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$3.04B
Dividend Yield2.15%
Average Volume (3M)140.54K
Price to Earnings (P/E)20.8
Beta (1Y)0.03
Revenue Growth17.15%
EPS Growth15.00%
CountryUS
Employees1,200
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)1.94
Shares Outstanding23,989,243
10 Day Avg. Volume154,570
30 Day Avg. Volume140,545
Financial Highlights & Ratios
PEG Ratio1.53
Price to Book (P/B)1.83
Price to Sales (P/S)3.14
P/FCF Ratio-13.58
Enterprise Value/Market Cap1.52
Enterprise Value/Revenue5.23
Enterprise Value/Gross Profit10.70
Enterprise Value/Ebitda13.66
Forecast
1Y Price Target
$151.00Price Target Upside19.34% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)6.51
Revenue Forecast (FY)$1.01B
Chesapeake Utilities Business Overview & Revenue Model
Company Description
Chesapeake Utilities Corporation operates as an energy delivery company. The company operates through two segments, Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central...
How the Company Makes Money
Chesapeake Utilities makes money primarily through (1) regulated utility operations and (2) non-regulated/energy services activities. In its regulated natural gas distribution utilities, the company earns revenue by delivering natural gas to resid...
Chesapeake Utilities Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
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.Positive Updates
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.
Negative Updates
Adverse Outcome on Florida City Gas Depreciation Study
Florida PSC denied requested 2-year amortization of $19 million excess depreciation reserve and adopted only $6.8 million recovery, reducing expected annual depreciation savings to ~$0.5 million; as a result, the company plans to file a general rate case for FCG in mid-April 2026 with interim rates expected by early July 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Chesapeake reiterated a capital- and growth-focused 2026 plan with full-year CapEx guidance of $450–$500 million (including roughly $75 million of ERP/1CORE spend), noting ~20–30% of 2026 CapEx will drive margin in 2027+, and reaffirmed a 5‑year CapEx range of $1.5–$1.8 billion through 2028 (with $1.6 billion already invested/identified); 2025 CapEx was a record $470 million (up 32% vs. 2024 and $20 million above guidance). Financial targets were reiterated as well: 2025 adjusted EPS $6.01 and adjusted gross margin $639 million / adjusted net income $141 million (2025 incremental adjusted gross margin +$71 million, including $19 million transmission, $14 million infrastructure and $13 million from rate cases); major projects produced $22.8 million of margin in 2025 and are forecast to add ~$47 million in 2026 and $9 million in 2027. Capital structure and timing metrics include achieving a 50% equity capitalization (goal to maintain a 50/50 mix), $123 million equity issued (961k shares) and $76 million retained earnings in 2025, 78% availability on $755 million capacity, a dividend of $2.74/share (up 7%; long‑term dividend CAGR 9%) with a 45–50% payout target (retained 54% of earnings in 2025), targeted ERP go‑live in Q2 2027, and FCG actions (mid‑April 2026 general rate case filing, interim rates expected early July 2026) intended to restore FCG’s earnings contribution in 2027; management reaffirmed a 2028 adjusted EPS range of $7.75–$8.00 and a long‑term adjusted EPS CAGR goal of ~8%.Chesapeake Utilities Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
52
Neutral
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 930.00M | 787.20M | 670.60M | 680.70M | 569.97M |
| Gross Profit | 294.10M | 334.80M | 255.30M | 237.50M | 217.93M |
| EBITDA | 373.40M | 311.70M | 229.60M | 228.00M | 205.72M |
| Net Income | 140.30M | 118.60M | 87.20M | 89.80M | 83.47M |
Balance Sheet | |||||
| Total Assets | 4.04B | 3.58B | 3.30B | 2.22B | 2.11B |
| Cash, Cash Equivalents and Short-Term Investments | 1.80M | 7.90M | 4.90M | 6.20M | 4.98M |
| Total Debt | 1.64B | 1.49B | 1.40B | 814.42M | 798.07M |
| Total Liabilities | 2.44B | 2.19B | 2.06B | 1.38B | 1.34B |
| Stockholders Equity | 1.60B | 1.39B | 1.25B | 832.80M | 774.13M |
Cash Flow | |||||
| Free Cash Flow | -214.90M | -115.90M | 14.86M | 30.61M | -36.42M |
| Operating Cash Flow | 233.70M | 239.40M | 203.48M | 158.88M | 150.50M |
| Investing Cash Flow | -435.70M | -349.90M | -1.11B | -136.45M | -223.02M |
| Financing Cash Flow | 195.90M | 113.50M | 906.61M | -21.21M | 74.00M |
Chesapeake Utilities Technical Analysis
Negative
126.53
Price Trends
130.04
Negative
128.41
Negative
127.23
Negative
Market Momentum
-0.16
Positive
43.84
Neutral
15.41
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPK, the sentiment is Negative. The current price of 126.53 is below the 20-day moving average (MA) of 127.50, below the 50-day MA of 130.04, and below the 200-day MA of 127.23, indicating a bearish trend. The MACD of -0.16 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 15.41 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CPK.
Chesapeake Utilities Risk Analysis
Chesapeake Utilities disclosed 36 risk factors in its most recent earnings report. Chesapeake Utilities reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Chesapeake Utilities Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $5.57B | 17.59 | 8.13% | 3.45% | 15.06% | 12.27% | |
70 Outperform | $6.50B | 21.17 | 11.62% | 3.07% | -23.15% | 157.45% | |
68 Neutral | $2.22B | 16.85 | 7.78% | 4.18% | 11.27% | 20.04% | |
66 Neutral | $5.41B | 12.84 | 8.27% | 3.82% | -4.50% | 2.49% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | $7.90B | 6.77 | 12.21% | 3.92% | 1.10% | 140.04% | |
64 Neutral | $3.04B | 20.80 | 8.31% | 2.15% | 17.15% | 15.00% |
* Utilities Sector Average
CPK
Chesapeake Utilities
124.44
-7.80
-5.90%
SR
Spire
89.45
14.63
19.56%
NWN
Northwest Gas
52.21
10.03
23.77%
SWX
Southwest Gas
88.71
17.90
25.28%
UGI
UGI
36.52
5.02
15.93%
OGS
ONE Gas
87.04
11.18
14.73%
Chesapeake Utilities Corporate Events
Business Operations and StrategyExecutive/Board Changes
Chesapeake Utilities Announces CFO Retirement and Successor
Positive
Mar 24, 2026
Chesapeake Utilities Corporation announced on March 24, 2026, that longtime chief financial officer, executive vice president, treasurer and assistant secretary Beth W. Cooper will retire on June 30, 2026, after a 36-year career in which she helpe...
Business Operations and StrategyFinancial Disclosures
Chesapeake Utilities Posts Strong 2025 Results, Reaffirms Outlook
Positive
Feb 25, 2026
Chesapeake Utilities Corporation reported strong fiscal 2025 results on February 25, 2026, with net income rising to $140.3 million, or $5.97 per share, from $118.6 million, or $5.26 per share, in 2024. Adjusted EPS reached $6.01, up 11.5 percent ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.