Chesapeake Utilities (NYSE:CPK) Releases Earnings Results, Misses Expectations By $0.04 EPS

Key Points

• Chesapeake Utilities reported quarterly EPS of $0.89, missing the $0.93 consensus estimate by $0.04. Revenue beat expectations at $195.8 million and rose 9% year over year.
• The company raised its FY 2026 EPS guidance to $7.75–$8.00, above the $6.50 consensus, and reported year-to-date growth in adjusted EPS and gross margin.
• Chesapeake declared a quarterly dividend of $0.735 per share, or $2.94 annualized, representing a stated yield of about 2.1%.

Chesapeake Utilities (NYSE:CPK - Get Free Report) issued its earnings results on Thursday. The utilities provider reported $0.89 EPS for the quarter, missing analysts' consensus estimates of $0.93 by ($0.04), FiscalAI reports. The business had revenue of $195.80 million during the quarter, compared to analyst estimates of $193.31 million. Chesapeake Utilities had a net margin of 15.09% and a return on equity of 9.29%. Chesapeake Utilities's quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.82 earnings per share.

Chesapeake Utilities Trading Down 1.1%

CPK traded down $1.62 on Friday, hitting $140.07. The company had a trading volume of 233,766 shares, compared to its average volume of 156,233. The company has a current ratio of 0.32, a quick ratio of 0.28 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.38 billion, a P/E ratio of 22.09 and a beta of 0.62. The company's fifty day moving average price is $131.58 and its 200 day moving average price is $129.60. Chesapeake Utilities has a 1 year low of $118.88 and a 1 year high of $145.54.

Chesapeake Utilities Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Stockholders of record on Tuesday, December 15th will be issued a dividend of $0.7350 per share. The ex-dividend date is Tuesday, December 15th. This represents a $2.94 dividend on an annualized basis and a dividend yield of 2.1%. Chesapeake Utilities's dividend payout ratio is currently 46.89%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CPK. Weiss Ratings upgraded Chesapeake Utilities from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, October 21st. Huntington initiated coverage on Chesapeake Utilities in a research note on Monday, September 14th. They set an "outperform" rating and a $150.00 price objective on the stock. Wall Street Zen cut Chesapeake Utilities from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Barclays set a $134.00 target price on Chesapeake Utilities and gave the stock an "equal weight" rating in a research note on Monday, October 19th. Finally, Wells Fargo & Company set a $136.00 price target on shares of Chesapeake Utilities and gave the company an "equal weight" rating in a research report on Wednesday, September 30th. One equities research 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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

Chesapeake Utilities Company Profile

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.

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