Chesapeake Utilities (NYSE:CPK) Posts Quarterly Earnings Results, Misses Expectations 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 the consensus estimate 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 firm had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $193.31 million. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year.

Chesapeake Utilities Price Performance

Shares of NYSE:CPK traded down $1.62 during midday trading on Friday, hitting $140.07. The company had a trading volume of 233,766 shares, compared to its average volume of 156,233. Chesapeake Utilities has a twelve month low of $118.88 and a twelve month high of $145.54. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 22.09 and a beta of 0.62. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.32 and a quick ratio of 0.28. The business’s 50-day simple moving average is $131.58 and its 200-day simple moving average is $129.60.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Investors of record on Tuesday, December 15th will be issued a $0.7350 dividend. This represents a $2.94 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Chesapeake Utilities’s dividend payout ratio (DPR) is currently 46.89%.

Analyst Ratings Changes

CPK has been the topic of several recent research reports. Mizuho set a $150.00 target price on shares of Chesapeake Utilities and gave the stock an “outperform” rating in a research note on Friday, September 11th. Weiss Ratings upgraded shares of Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, October 21st. Wall Street Zen cut shares of Chesapeake Utilities from a “hold” rating to a “sell” rating in a research report on Saturday, August 1st. Barclays set a $134.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Monday, October 19th. Finally, Huntington assumed coverage on shares of Chesapeake Utilities in a research report on Monday, September 14th. They set an “outperform” rating and a $150.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chesapeake Utilities presently has an average rating of “Moderate Buy” and an average price target of $142.50.

Key Chesapeake Utilities News

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

About Chesapeake Utilities

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.