Chesapeake Utilities Corporation (CPK)

In the past six months, Chesapeake Utilities Corp. reported its second-quarter 2025 results with net income of $23.9 million ($1.02 per share) and adjusted net income of $24.3 million ($1.04 per share). CPK announced its third-quarter 2025 results, reporting net income and adjusted earnings per share of $19.4 million and $0.82, respectively, and declared a quarterly cash dividend of $0.685 per share. In December 2025, CPK's shares declined by 9.1%, but the stock price as of December 19, 2025, was $125.11 per share, representing a 4.32% increase from December 23, 2024. The stock closed at $122.90 on January 9, 2026.

Demand for Chesapeake Utilities Corp.'s products and services is subject to seasonality, with warmer weather leading to decreased demand for heating. This impact was evident in Q3 2025, where warmer weather resulted in a $9.8 million impact on earnings. Electricity consumption exhibits less seasonality due to its use for both heating and cooling. Despite seasonal fluctuations, the company experiences consistent and growing customer demand for energy services, especially natural gas, in its service areas. To mitigate the effects of seasonality, CPK aims to expand its operations and pursue growth through acquisitions.

Chesapeake Utilities Corp. is an energy delivery company involved in the distribution of natural gas, electricity, and propane, as well as natural gas transmission. The company generates electricity and steam and offers mobile compressed natural gas (CNG) solutions, liquefied natural gas (LNG), and renewable natural gas (RNG) transportation and pipeline solutions. Additionally, CPK provides unregulated energy services, including energy-related merchandise sales, HVAC, and plumbing and electrical services.

Chesapeake Utilities Corp. operates primarily in the Mid-Atlantic, Southeast, and Midwest regions of the United States. Its natural gas distribution operations serve central and southern Delaware, Maryland's eastern shore, and Florida. Natural gas transmission services are provided in the Delmarva Peninsula, Ohio, and Florida, as well as from Pennsylvania to customers in Delaware, Maryland, and Pennsylvania. Electric distribution is concentrated in northeast and northwest Florida. Propane operations are present in the Mid-Atlantic region, North Carolina, South Carolina, and Florida, including Worcester County, Maryland.

Chesapeake Utilities Corp. was named "Best for Corporate Governance in the United States" by World Finance for the third time. The Delaware Department of Labor's Division of Vocational Rehabilitation and State Rehabilitation Council honored Chesapeake Utilities Corp. as the "Employer Champion of the Year" for Kent County. In May 2025, the company published its third sustainability micro-report, demonstrating its commitment to employees, communities, and customers, and received an inaugural investment grade credit rating from Fitch Ratings in the first quarter of 2025.

Chesapeake Utilities Corp. has significant institutional ownership, ranging from 77.04% to 90.30% of the company. Major institutional shareholders include BlackRock, Inc., T. Rowe Price Investment Management, Inc., Vanguard Group Inc, State Street Corp, Neuberger Berman Group LLC, and Wellington Management Group Llp. Individual investors hold approximately 1.53% of the company's shares, with the largest individual shareholder being P. Mcmasters Michael, who owns 0.92% of the company. Insider ownership stands at 5.71%, though insiders have been net selling.