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

Key Points

• Chesapeake Utilities issued FY 2026 EPS guidance of $7.75–$8.00, well above the consensus estimate of $6.48. The company did not provide revenue guidance.
• The utilities provider reported quarterly EPS of $2.47, topping expectations of $2.38, while revenue rose 18.2% year over year to $353.1 million.
• Shares recently traded at $133.59, while analysts maintain an average “Hold” rating and a $137 price target. Insider selling included transactions by the CEO and a senior vice president.

Chesapeake Utilities (NYSE:CPK - Get Free Report) issued an update on 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 EPS estimate of 6.480. The company issued revenue guidance of -.

Chesapeake Utilities Stock Performance

Shares of Chesapeake Utilities stock traded down $0.25 during trading on Thursday, hitting $133.59. 166,232 shares of the company's stock were exchanged, compared to its average volume of 159,126. The stock has a market capitalization of $3.21 billion, a price-to-earnings ratio of 21.41 and a beta of 0.68. The business has a 50-day simple moving average of $126.92 and a 200-day simple moving average of $128.12. Chesapeake Utilities has a 52-week low of $118.88 and a 52-week high of $140.83. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.39 and a current ratio of 0.43.

Chesapeake Utilities (NYSE:CPK - Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The utilities provider reported $2.47 earnings per share for the quarter, topping the consensus estimate of $2.38 by $0.09. The company had revenue of $353.10 million for the quarter, compared to the consensus estimate of $339.86 million. Chesapeake Utilities had a return on equity of 9.53% and a net margin of 15.11%.The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period last year, the firm earned $2.22 EPS. On average, research analysts forecast that Chesapeake Utilities will post 6.46 EPS for the current year.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, SVP Kevin J. Webber sold 2,000 shares of the business's stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $127.37, for a total transaction of $254,740.00. Following the transaction, 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 legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Jeffry M. Householder sold 10,000 shares of the company's stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $126.12, for a total transaction of $1,261,200.00. Following the sale, the chief executive officer directly owned 63,001 shares of the company's stock, valued at approximately $7,945,686.12. This represents a 13.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in Chesapeake Utilities by 94.7% during the second quarter. EverSource Wealth Advisors LLC now owns 222 shares of the utilities provider's stock worth $27,000 after buying an additional 108 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Chesapeake Utilities by 292.9% during the first quarter. Geneos Wealth Management Inc. now owns 220 shares of the utilities provider's stock worth $28,000 after buying an additional 164 shares during the last quarter. CIBC Private Wealth Group LLC grew its holdings in Chesapeake Utilities by 66.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 274 shares of the utilities provider's stock valued at $37,000 after buying an additional 109 shares in the last quarter. Johnson Financial Group Inc. purchased a new stake in Chesapeake Utilities in the 3rd quarter valued at $62,000. Finally, Federated Hermes Inc. increased its stake 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 acquiring an additional 479 shares during the last quarter. 83.11% of the stock is currently owned by institutional investors and hedge funds.

Chesapeake Utilities Company Profile

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.

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