Chesapeake Utilities Corporation (CPK)

In the past six months, Fitch Ratings issued an inaugural investment grade credit rating of BBB+ with a Stable outlook for Chesapeake Utilities Corp. The company scheduled its Second Quarter 2025 earnings conference call for August 8, 2025, following the release of financial results on August 7, 2025. Chesapeake Utilities is set to host its Third Quarter 2025 earnings conference call on November 7, 2025, with results to be released on November 6, 2025.

Demand for Chesapeake Utilities Corp.'s products and services exhibits seasonality. Natural gas and propane demand are generally more seasonal, peaking during colder months due to heating needs. Electricity consumption is typically less seasonal as it is used for both heating and cooling in the company's service areas.

Chesapeake Utilities Corp. operates in the Utilities sector, distributing natural gas, electricity, and propane. The company transmits natural gas, generates electricity and steam, provides mobile CNG solutions, and invests in sustainable energy, including RNG. Its unregulated energy segment offers energy-related merchandise sales, HVAC, plumbing, and electrical solutions.

Chesapeake Utilities Corp. serves customers primarily in the Mid-Atlantic region, including Delaware, Maryland, and Pennsylvania, and extends its operations to North Carolina, South Carolina, Florida, Ohio, Virginia, and Georgia. The company has a significant presence in Florida, particularly in natural gas distribution, and its natural gas distribution system spans over 2,100 miles, serving more than 110,000 customers across Delaware and Maryland.

Chesapeake Utilities Corp. has maintained a positive brand reputation over the past year. The company was named "Best for Corporate Governance in the United States" by World Finance for the third time. Its businesses were also honored as "Stars of Delaware" for the sixth consecutive year. The company released its third sustainability micro-report, marked 10 years of supporting Florida's Women in Energy Leadership Forum, and celebrated five years of industry-leading training at Safety Town.

Chesapeake Utilities Corp. has strong institutional backing, with institutional investors owning between 86% and 88.13% of the company. Major institutional shareholders include BlackRock, Inc., T. Rowe Price Group, Inc., and The Vanguard Group, Inc. Individual investors hold approximately 1.68% to 12% of the shares, and insiders own about 5.89% of the stock.