Chesapeake Utilities (NYSE:CPK) Releases Earnings Results, Misses Estimates By $0.04 EPS

Chesapeake Utilities (NYSE:CPK) issued its quarterly earnings results on Thursday. The utilities provider reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.04), FiscalAI reports. Chesapeake Utilities had a return on equity of 9.29% and a net margin of 15.09%. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $193.31 million. During the same quarter last year, the firm earned $0.82 earnings per share. The firm’s quarterly revenue was up 9.0% compared to the same quarter last year.

Chesapeake Utilities Price Performance

Shares of CPK stock traded down $1.62 during mid-day trading on Friday, reaching $140.07. The company’s stock had a trading volume of 233,766 shares, compared to its average volume of 156,233. The firm’s 50-day moving average is $131.58 and its two-hundred day moving average is $129.60. The company has a market cap of $3.38 billion, a P/E ratio of 22.09 and a beta of 0.62. Chesapeake Utilities has a 1-year low of $118.88 and a 1-year high of $145.54. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32.

Chesapeake Utilities Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th will be paid a $0.7350 dividend. The ex-dividend date is Tuesday, December 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.1%. Chesapeake Utilities’s dividend payout ratio is currently 46.89%.

Analysts Set New Price Targets

CPK has been the topic of several research analyst reports. Wells Fargo & Company set a $136.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Wednesday, September 30th. Wall Street Zen lowered shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings upgraded shares of Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, October 21st. Barclays set a $134.00 target price on Chesapeake Utilities and gave the stock an “equal weight” rating in a research report on Monday, October 19th. Finally, Mizuho set a $150.00 price target on Chesapeake Utilities and gave the company an “outperform” rating in a research note on Friday, September 11th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Chesapeake Utilities has an average rating of “Moderate Buy” and a consensus price target of $142.50.

Key Headlines Impacting Chesapeake Utilities

Here are the key news stories impacting Chesapeake Utilities this week:

• Positive Sentiment: Chesapeake Utilities raised its FY 2026 EPS guidance to $7.75–$8.00, well above the $6.50 consensus estimate. The higher outlook may support investor expectations for earnings growth.
• Positive Sentiment: The company reported 8.4% year-to-date growth in adjusted EPS and 9.2% growth in adjusted gross margin, citing regulatory and infrastructure programs, transmission expansion, organic growth, and higher customer consumption. It also announced a joint venture with NextEra Energy Resources to finance and own 49% of the $1.2 billion Florida Energy Pathway project. Third-quarter results
• Neutral Sentiment: The board declared a quarterly dividend of $0.735 per share, unchanged, equivalent to $2.94 annually and a stated yield of about 2.1%. Quarterly dividend announcement
• Negative Sentiment: Third-quarter EPS was $0.89, below the $0.93 consensus estimate. Revenue was a brighter spot, reaching $195.8 million versus the $193.31 million estimate and rising 9% year over year. Quarterly earnings report

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.