Chesapeake Utilities (NYSE:CPK) Issues FY 2026 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) updated its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 7.750-8.000 for the period, compared to the consensus earnings per share estimate of 6.480. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

CPK has been the subject of several recent analyst reports. Wall Street Zen lowered Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Barclays set a $142.00 target price on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings raised shares of Chesapeake Utilities from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, July 10th. Finally, Wells Fargo & Company assumed coverage on Chesapeake Utilities in a research report on Tuesday, May 12th. They issued an “equal weight” rating and a $132.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $137.00.

Chesapeake Utilities Stock Performance

Shares of CPK traded up $0.68 during trading hours on Friday, hitting $134.18. The stock had a trading volume of 170,276 shares, compared to its average volume of 224,199. The firm has a market capitalization of $3.22 billion, a PE ratio of 21.40 and a beta of 0.68. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.43 and a quick ratio of 0.39. Chesapeake Utilities has a 12 month low of $118.88 and a 12 month high of $140.83. The stock has a fifty day moving average price of $127.35 and a 200 day moving average price of $128.23.

Chesapeake Utilities (NYSE:CPK) last announced its earnings results on Thursday, August 6th. The utilities provider reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.02). Chesapeake Utilities had a return on equity of 9.46% and a net margin of 15.12%.The firm had revenue of $201.90 million during the quarter, compared to analysts’ expectations of $198.91 million. During the same period in the previous year, the business posted $1.04 earnings per share. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. Chesapeake Utilities has set its FY 2026 guidance at 7.750-8.000 EPS. Analysts anticipate that Chesapeake Utilities will post 6.42 EPS for the current year.

Chesapeake Utilities Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, September 14th will be issued a $0.735 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Monday, September 14th. Chesapeake Utilities’s payout ratio is 47.12%.

Insider Transactions at Chesapeake Utilities

In related news, SVP Kevin J. Webber sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $127.37, for a total value of $254,740.00. Following the sale, the senior vice president directly owned 12,652 shares in the company, valued at approximately $1,611,485.24. The trade was a 13.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffry M. Householder sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $126.12, for a total value of $1,261,200.00. Following the transaction, the chief executive officer owned 63,001 shares of the company’s stock, valued at $7,945,686.12. This represents a 13.70% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.36% of the company’s stock.

Key Headlines Impacting Chesapeake Utilities

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

• Positive Sentiment: Raised 2026 earnings guidance: Chesapeake Utilities now expects 2026 EPS of $7.75–$8.00, well above the analyst consensus of $6.48. The updated outlook is a key positive catalyst. Chesapeake Utilities Corporation Reports Second Quarter 2026 Results
• Positive Sentiment: Revenue and operating performance improved: Second-quarter revenue rose 4.7% year over year to $201.9 million, while adjusted gross margin increased $7.4 million. Year-to-date adjusted EPS growth was 8%, supported by transmission expansion, regulatory initiatives, natural-gas customer growth and stronger unregulated operations. Chesapeake Utilities Boosts Capex, Highlights Strong Earnings Growth
• Positive Sentiment: Growth projects expanded: The company raised 2026 capital expenditure guidance to $550 million–$600 million and announced the $1.2 billion Florida Energy Pathway natural-gas pipeline, which has approximately 250,000 Dts/d of committed capacity and is targeted for service in 2030. Florida interim rates also add $16.2 million in annualized revenue, effective July 2026. Chesapeake Utilities Reports $25.4 Million Q2 Net Income
• Positive Sentiment: Dividend maintained: The board declared a quarterly dividend of $0.735 per share, equivalent to $2.94 annually and an indicated yield of about 2.2%. Chesapeake Utilities Announces Quarterly Dividend
• Negative Sentiment: Quarterly EPS slightly missed expectations: Second-quarter EPS was $1.05 versus the $1.07 consensus, although it exceeded the $1.04 reported in the year-ago quarter. The higher capital program could also increase financing needs despite the revolving credit facility being expanded to $650 million.
• Negative Sentiment: Insider selling: Company insiders reported four sales and no purchases over the past six months, including sales by CEO Jeffry M. Householder and Chief Development Officer Kevin J. Webber. This may weigh modestly on investor sentiment.

Institutional Trading of Chesapeake Utilities

A number of large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its holdings in shares of Chesapeake Utilities by 94.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider’s stock valued at $27,000 after acquiring an additional 108 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider’s stock valued at $28,000 after purchasing an additional 164 shares during the period. CIBC Private Wealth Group LLC raised its position in Chesapeake Utilities by 66.1% during the third quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider’s stock valued at $37,000 after purchasing an additional 109 shares during the period. Johnson Financial Group Inc. bought a new stake in shares of Chesapeake Utilities in the 3rd quarter valued at approximately $62,000. Finally, Federated Hermes Inc. boosted its holdings in shares of Chesapeake Utilities by 332.6% in the 4th quarter. Federated Hermes Inc. now owns 623 shares of the utilities provider’s stock worth $78,000 after purchasing an additional 479 shares during the period. 83.11% of the stock is currently owned by institutional investors.

About Chesapeake Utilities

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy services holding company headquartered in Dover, Delaware. Through its operating subsidiaries, the company engages in natural gas distribution, transmission and storage; propane distribution; wholesale propane supply; and contract compression and natural gas liquids processing. Its core mission is to provide safe, reliable and cost-effective energy solutions to residential, commercial and industrial customers across multiple U.S.