Chesapeake Utilities

Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the following segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

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Chesapeake Utilities excels in Q4, boosts sustainable energy investments

Chesapeake Utilities demonstrated strong financial performance and strategic growth initiatives in Q4 2022, underpinned by margin expansion and significant customer growth. The company's focus on sustainable energy projects, increased guidance for 2023, and enhanced capital expenditure range for 2021-2025 signal a positive outlook for future growth. Despite challenges like capital expenditure delays and regulatory complexities, Chesapeake Utilities remains poised to leverage opportunities in the sustainable energy market.

Chesapeake Utilities reports solid Q1 performance amidst growth opportunities

Chesapeake Utilities demonstrated resilience in Q1 despite weather challenges, with a focus on operational efficiency and financial stability.
While facing temperature impacts and rising interest rates, the company leveraged organic growth and strategic investments to drive performance.
The emphasis on dividend growth, infrastructure projects, and safety initiatives positions CPK for sustained success and shareholder value creation.
Continued commitment to long-term guidance and earnings reaffirmation underscores management's confidence in future prospects.

Chesapeake Utilities reports resilient Q2 performance amidst weather challenges

Chesapeake Utilities delivered solid financial performance in Q2 2023, navigating weather challenges and emphasizing growth initiatives. The company's strategic focus on organic growth, renewable energy, and expansion projects positions it well for future opportunities. Despite weather-related volume impacts, Chesapeake Utilities remains committed to sustainable growth and strategic investments.

Chesapeake Utilities reports strong Q3 earnings and plans Florida expansion

Chesapeake Utilities' Q3 performance shows strong earnings and operational growth, despite weather impacts.
The acquisition of Florida City Gas presents significant growth opportunities and a focus on sustainable energy solutions.
The company faces challenges in managing costs and evaluating post-acquisition synergies amidst market dynamics.
Strategic investments in pipeline capacity expansion and infrastructure enhancements position Chesapeake Utilities for long-term growth.

Chesapeake Utilities (CPK) excels in Q4 2023 earnings, eyes hydrogen integration

Chesapeake Utilities (CPK) reported strong earnings growth in 2023, driven by acquisitions and strategic investments. While facing challenges in customer growth and seasonal demand fluctuations, the company remains focused on operational efficiency, regulatory compliance, and future growth opportunities.

Chesapeake Utilities (CPK) reports robust Q1 earnings and growth outlook

Chesapeake Utilities (CPK) delivered a strong Q1 2024 performance, driven by strategic growth drivers and effective execution of integration plans.
While challenges like weather impacts persist, CPK's focus on synergies and operational optimization positions it well for future growth.
Confidence in meeting 2024 adjusted EPS guidance and a positive outlook on growth opportunities underline CPK's commitment to shareholder value.

Chesapeake Utilities (CPK) reports robust Q2 earnings and growth opportunities

Chesapeake Utilities (CPK) delivered a strong Q2 performance, showcasing financial growth and stability with increased customer base and capital investments on track. While facing challenges with operating expenses and financing costs, the company's focus on regulatory support and sustainability initiatives presents growth opportunities in the energy sector. CPK's commitment to stakeholders and community impact reinforces its position for long-term success.

Chesapeake Utilities reports strong Q3 earnings and growth opportunities

Chesapeake Utilities delivered solid financial results in Q3, driven by strong EPS performance and capital investments, with a focus on customer growth and operational efficiency.
The company showcased resilience through adjusted gross margin improvement, strategic contributions from operations, and a robust capital structure.
While facing challenges such as storm impacts and regulatory actions, Chesapeake Utilities remains well-positioned to capitalize on growth opportunities and drive long-term value.
By balancing operational challenges with strategic investments and a commitment to sustainability, the company aims to navigate market dynamics and deliver sustainable performance.

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Chesapeake Utilities Corp. engages in the distribution and transmission of natural gas, propane and electricity, and the generation of electricity and steam. It operates through the Regulated Energy and Unregulated Energy segments. The Regulated Energy segment distributes and transmits gas, natural gas, and electricity. The Unregulated Energy segment markets and sells propane, crude oil, and natural gas. The company was founded in 1947 and is headquartered in Dover, DE.

Advancements in environmental stewardship, engagement and governance DOVER, Del. , May 16, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) today released its 2022 Sustainability Report, which highlights the Company's progress on environmental sustainability goals; investment in employee and community engagement; and excellence in corporate governance.

Chesapeake Utilities Corporation Publishes 2022 Sustainability Report

DOVER, Del. , May 15, 2023 /PRNewswire/ -- The Company announced today that Jeff Householder, Chairman of the Board, president and CEO, Beth Cooper, executive vice president, CFO, treasurer and assistant corporate secretary and Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 12:50 pm EST (Eastern Standard Time) on Sunday, May 21 st during the 2023 AGA Financial Forum.

Chesapeake Utilities Corporation to Host Live Webcast During 2023 AGA Financial Forum

Chesapeake Utilities Corporation (NYSE:CPK ) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants Alex Whitelam - Head, IR Jeff Householder - President, CEO Beth Cooper - EVP, CFO, Treasurer & Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary & Chief Policy and Risk Officer Conference Call Participants Brian Russo - Sidoti Tate Sullivan - Maxim Group Operator Welcome to the Chesapeake Utilities First Quarter 2023 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and the floor will be open for your questions following the presentation.

Chesapeake Utilities Corporation (CPK) Q1 2023 Earnings Call Transcript

Retiring Directors John R. Schimkaitis, Calvert A.

Chesapeake Utilities Corporation Board of Directors Appoints Jeffry M. Householder as Chair of the Board and Thomas J.

Chesapeake Utilities (CPK) came out with quarterly earnings of $2.04 per share, beating the Zacks Consensus Estimate of $1.98 per share. This compares to earnings of $2.08 per share a year ago.

Chesapeake Utilities (CPK) Q1 Earnings Beat Estimates

Earnings per share ("EPS")* was $2.04 for the first quarter of 2023, compared to $2.08 for the first quarter of 2022 Customer consumption was significantly impacted by historically warmer temperatures during the first quarter of 2023, generating a $0.29 reduction in EPS Offsetting lower consumption, adjusted gross margin growth was driven by regulatory initiatives, natural gas organic growth, increased demand for CNG, RNG and LNG services and continued pipeline expansion projects Obtained Final Rate Order for the Florida natural gas base rate case with new permanent rates effective in March 2023 Reiteration of long-term earnings and capital expenditures guidance, including continued capital expenditure guidance of $200 million to $230 million for 2023 DOVER, Del. , May 3, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the first quarter of 2023.

CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2023 RESULTS

DOVER, Del. , May 3, 2023 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company's common stock from $0.535 per share to $0.59 per share.

Chesapeake Utilities Corporation Raises Dividend by 10.3 Percent

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DOVER, Del. , April 13, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 4, 2023, at 8:30 a.m.

Chesapeake Utilities to Host its First Quarter 2023 Earnings Conference Call and Webcast on May 4, 2023

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A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends.

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With operations centered in the Mid-Atlantic region as well as North and South Carolina, Florida, and Ohio, Chesapeake Utilities is an energy sales and distribution company. I believe that management will successfully optimize its operations, and expand its territorial offer and product offering.

Chesapeake Utilities: Energy Distribution, Small Competition, And Cheap

Chesapeake Utilities Corporation (NYSE:CPK ) Q4 2022 Results Conference Call February 23, 2022 8:30 AM ET Company Participants Alex Whitelam - Head, IR Jeff Householder - President, CEO Beth Cooper - EVP, CFO, Treasurer & Assistant Corporate Secretary Jim Moriarty - EVP, General Counsel, Corporate Secretary & Chief Policy and Risk Officer Conference Call Participants Brian Russo - Sidoti & Company Chris Ellinghaus - Siebert Williams Shank Tate Sullivan - Maxim Group Operator Good day, everyone, and welcome to the Chesapeake Utilities Fourth Quarter and Full Year 2022 Earnings Conference Call. [Operator Instructions].

Chesapeake Utilities Corporation (CPK) Q4 2022 Earnings Call Transcript

Chesapeake Utilities (CPK) delivered earnings and revenue surprises of 8.09% and 10.18%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Chesapeake Utilities (CPK) Q4 Earnings and Revenues Beat Estimates

Full year 2022 earnings per share ("EPS")* of $5.04, an increase of $0.31 or 6.6 percent, compared to $4.73 for the prior year EPS of $1.47 in the fourth quarter, an increase of $0.19 or 14.8 percent compared to $1.28 for the same period in the prior year Average Return on Equity ("ROE") in 2022 of 11.1 percent - marks 18th consecutive year with ROE at or above 11 percent Year-over-year growth driven by pipeline expansions, regulatory initiatives, natural gas organic growth, acquisition contributions, and higher earnings in the Company's unregulated businesses Received approval for the Florida natural gas rate case with the final order expected to be issued in March 2023 Long-term earnings and capital expenditures guidance have been updated, with newly announced capital expenditure guidance of $200 million to $230 million for 2023 DOVER, Del. , Feb. 22, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the year and the fourth quarter ended December 31, 2022.

CHESAPEAKE UTILITIES CORPORATION REPORTS RECORD EARNINGS FOR FISCAL YEAR 2022

FPU Renewables LLC will construct, own and operate facility at Full Circle Dairy DOVER, Del. , Feb. 21, 2023 /PRNewswire/ -- FPU Renewables LLC today announced plans to construct, own and operate a dairy manure renewable natural gas (RNG) facility at Full Circle Dairy in Madison County, Florida.

Chesapeake Utilities Corporation to Develop its First RNG Facility in Florida

DOVER, Del., Feb. 13, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced that it is a 2023 Top Workplaces USA award recipient for mid-sized companies for the third consecutive year.

Chesapeake Utilities Corporation Named to Top Workplaces USA for Third Consecutive Year

DOVER, Del. , Feb. 8, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 23, 2023, at 8:30 a.m.

Chesapeake Utilities to Host its Fourth Quarter and Full Year 2022 Earnings Conference Call and Webcast on Feb. 23, 2023

Gate system enhancement enables alternative fuels into pipeline delivery system DOVER, Del. , Feb. 6, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announces the establishment of a fuel injection point in Yulee, Florida, that enables the receipt of renewable natural gas (RNG) and supports the growing demand for energy from increased residential and commercial needs in Nassau County.

Chesapeake Utilities Corporation Establishes RNG Injection Point in Florida

Project Supports Continued Expansion of Wildlight Development DOVER, Del. , Jan. 30, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it received approval from the Florida Public Service Commission to provide natural gas service to approximately 4,000 new residences and businesses in the Nassau County, Florida, Wildlight development.

Chesapeake Utilities Corporation Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida

New Infrastructure Supports Peak Service Demands on Delmarva Peninsula DOVER, Del. , Jan. 23, 2023 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Eastern Shore Natural Gas (ESNG), has received approval from the Federal Energy Regulatory Commission (FERC) to construct a new compressor unit at its existing facility in Sussex County, Delaware.

Chesapeake Utilities Corporation Receives FERC Approval to Construct Additional Compression Facilities in Sussex County, Delaware

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DOVER, Del. , Dec. 16, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Florida Public Utilities (FPU), has acquired the propane operating assets of Hernando Gas, based in Hernando, Florida.

Chesapeake Utilities Corporation Expands Propane Services in Florida with Acquisition of Hernando Gas

Jim Moriarty named Top Attorney; Stacie Roberts named Top Woman in Business DOVER, Del. , Dec. 12, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer, was selected as one of Attorney Intel's Top 50 Attorneys of Washington, D.C.

Chesapeake Utilities Corporation Team Earns Legal, Corporate Governance Accolades

Proprietary poultry waste technology expands the Company's waste-to-energy capabilities DOVER, Del. , Nov. 7, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that it purchased 100% of the membership interest of Planet Found Energy Development, LLC (PFED) for $9.4 million.

Chesapeake Utilities Corporation Announces Acquisition of Planet Found

Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2022 Earnings Conference Call November 3, 2022 4:00 PM ET Company Participants Alex Whitelam - Investor Relations Jeff Householder - President and Chief Executive Officer Beth Cooper - Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary Jim Moriarty - Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Brian Russo - Sidoti John Bartlett - Reaves Asset Management Operator Greetings and thank you for standing by. Welcome to the Chesapeake Utilities Corporation 2022 Third Quarter Financial Results Conference Call.

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