Chesapeake Utilities to Host its Fourth Quarter and Full-Year 2025 Earnings Conference Call and Webcast on February 26, 2026 [Accessibility Statement] Skip NavigationDOVER, Del., Feb. 17, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 26, 2026 at 8:30 a.m. ET to discuss the Company's financial results for the fourth quarter and full year ended December 31, 2025. The earnings press release will be issued on Wednesday, February 25, 2026, aft ...

Core Viewpoint - Chesapeake Utilities Corporation is set to provide natural gas service for the new Sussex Technical High School campus, which is the largest school construction project in Delaware's history, with an estimated cost of approximately $249 million [1]. Group 1: Project Overview - The new Sussex Technical High School campus will feature a 400,000+ square foot, three-story academic facility, increasing student capacity from approximately 1,375 to 1,800 high school students and over 3,500 adult education students [1]. - Construction began in October 2024, with a planned opening date in September 2027 [1]. Group 2: Infrastructure Development - Chesapeake Utilities is constructing a nearly four-mile natural gas main extension to supply energy service to the new school [1]. - The natural gas infrastructure will support key building systems and ensure long-term reliability for the facility [1]. Group 3: Strategic Importance - The transition to natural gas reflects the Sussex County Vocational Technical School District's focus on performance, modernization, and reliability, aiming to reduce reliance on fuel oil and propane [1]. - The project is viewed as an investment in the region's future, emphasizing modern infrastructure and dependable energy solutions [1].

Core Viewpoint - Chesapeake Utilities Corporation has been awarded a natural gas expansion project by the Accomack County Board of Supervisors, aimed at enhancing energy reliability on Virginia's Eastern Shore [1]. Group 1: Project Details - Accomack County will contribute $6.5 million through a state grant to extend natural gas pipeline infrastructure from outside Princess Anne, Maryland, to Temperanceville, Virginia [2]. - The new pipeline will serve homes and major employers, including the NASA Wallops Flight Facility and regional poultry facilities, providing a lower-cost, reliable energy alternative to electricity and heating oil [2]. Group 2: Economic Impact - Access to natural gas is identified as a key driver for economic growth, with a 2022 state-commissioned study highlighting its importance for future development in Accomack County, which currently lacks piped natural gas [3]. - The project aims to expand access to affordable energy, support economic development, and ensure long-term availability of reliable and sustainable natural gas services [3]. Group 3: Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, offering sustainable energy solutions through various services including natural gas transmission and distribution [4].

Core Insights - Chesapeake Utilities Corporation's subsidiaries, Florida City Gas and Florida Public Utilities, have been recognized as 2025 Utility Customer Champions by Escalent, highlighting their exceptional service and commitment to customer satisfaction [1][3]. Group 1: Recognition and Achievements - The Utility Customer Champion designation is awarded based on Escalent's research and analysis of customer experiences, indicating a strong dedication to customer trust and support [3][4]. - Florida Public Utilities received the Customer Champion designation for the first time, while Florida City Gas has been recognized for the fourth time, previously earning accolades in 2024, 2023, and 2022 [5]. Group 2: Company Commitment - The leadership of Chesapeake Utilities emphasizes a commitment to customer-centric service, aiming to be a customer champion daily [2][4]. - Both subsidiaries scored 769 on Escalent's Engaged Customer Relationship Index, placing them in the top decile of utility providers [4]. Group 3: Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, providing sustainable energy solutions through various services including natural gas and electricity distribution [6]. - Florida City Gas serves over 122,500 customers across multiple counties in Florida and operates approximately 3,980 miles of distribution pipeline [7]. - Florida Public Utilities serves more than 153,000 customers in Florida, distributing natural gas, propane, and providing electric services [8].

This diversified energy company provides regulated and unregulated services to customers across the Mid-Atlantic and Southeast regions.Tufton Capital Management disclosed a purchase of 23,304 shares of Chesapeake Utilities (CPK +0.76%) in a January 28 SEC filing, with the estimated transaction value at $3.07 million based on the quarter’s average pricing.What happenedAccording to a January 28 SEC filing, Tufton Capital Management increased its position in Chesapeake Utilities (CPK +0.76%) by 23,304 shares. ...

Core Insights - Chesapeake Utilities Corporation has promoted Michael Cassel to senior vice president of strategic development, effective January 2, 2026, to enhance business development and strategic planning efforts [1][2] Group 1: Leadership and Role - Michael Cassel will lead business development, external affairs, and strategic planning to identify emerging opportunities and support sustainable growth [1] - Cassel has been with Chesapeake Utilities since March 2008, advancing through various roles, including vice president of strategic development and vice president of governmental and regulatory affairs [2] Group 2: Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the New York Stock Exchange, providing sustainable energy solutions through natural gas transmission, electricity generation, propane distribution, and other services [3]

分组1 - A number of natural gas utility companies have experienced a decline in their stock prices over the past few weeks [1] - ONE Gas, Inc. (OGS) is highlighted as a company operating in this sector, which has been analyzed recently [1] - The article emphasizes that the best investment opportunities often arise from stocks that are less followed by average investors or those that do not accurately reflect current market opportunities [1]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $0.82 for Q3 2025, and $4.06 year-to-date, representing an 8% increase compared to the same period last year [7] - Year-to-date, the company achieved double-digit growth in adjusted gross margin, operating income, and adjusted net income relative to the same period in 2024 [8] - Adjusted gross margin for Q3 2025 was approximately $137 million, up 12%, while adjusted net income was approximately $20 million, up 8% from Q3 2024 [25][28] Business Line Data and Key Metrics Changes - The regulated segment's adjusted gross margin was approximately $115 million in Q3 2025, up 12% from the same quarter last year, driven by organic natural gas transmission expansions and increased rates [27] - The unregulated energy segment saw adjusted gross margin increase by 13% to approximately $22.5 million, supported by growth in the Marlin Gas Services business [28] Market Data and Key Metrics Changes - Both core service areas experienced above-average residential customer growth: 4.3% in Delmarva, 3.9% for Florida Public Utilities, and 2.1% for Florida City Gas [10] - The company is expanding natural gas distribution in southern Delaware, targeting 2,000 new homes, and has become the natural gas provider for a new community development in Port St. Lucie, Florida [10][11] Company Strategy and Development Direction - The company is focused on three pillars of growth: prudently deploying capital, proactively managing regulatory agendas, and transforming business operations to enhance safety and customer service [12] - The capital investment program is on track, with over 400 gas distribution projects placed in service in the first nine months of the year, generating significant gross margin [12][13] Management's Comments on Operating Environment and Future Outlook - Management reaffirmed full-year 2025 EPS guidance of $6.15-$6.35 per share, contingent on a successful outcome from the Florida City Gas depreciation study [9] - The company is committed to increasing shareholder value and maintaining top quartile growth and total shareholder return [12][33] Other Important Information - The company has increased its 2025 full-year capital expenditure guidance to $425-$450 million, reflecting a $25 million increase over the previous range [10][13] - The company has received several recognitions, including being named a champion of board diversity and employer champion of the year for Kent County [22][23] Q&A Session Summary Question: Clarification on the outcome of the depreciation study - Management indicated that achieving the guidance range assumes a successful outcome from the depreciation study, with the timing of the decision impacting the final results [35][36] Question: Inquiry about the number of distribution projects - Management confirmed that 400 new distribution projects were completed in the last nine months, reflecting significant growth in both residential and transmission projects [46][47] Question: Discussion on Ohio data center growth - Management elaborated on a project with American Electric Power to build a pipeline for a data center, highlighting the favorable regulatory climate and in-state gas supplies [50][51] Question: Clarification on retroactive treatment of depreciation reserve - Management confirmed that an order received by early February could allow for retroactive treatment of the depreciation reserve, impacting 2025 earnings [54][55] Question: Future capital expenditure plans - Management stated that the long-term capital expenditure target of $1.5 billion-$1.8 billion through 2028 is expected to be maintained, with updates provided in February [58][59] Question: Growth trajectory in Delmarva vs. Florida - Management expressed optimism about continued strong growth in Delmarva, noting it is currently outpacing Florida, while also acknowledging robust growth in Florida [60][62]

Financial Performance - Adjusted Gross Margin increased to $137.2 million, up 12% from $122 million in Q3 2024[13, 20] - Adjusted Net Income rose to $19.5 million, an 8% increase compared to $18.1 million in Q3 2024[20, 69] - Adjusted EPS reached $0.82, a 3% increase from $0.80 in Q3 2024[20, 69] - Year-to-date Adjusted Gross Margin was $462.4 million, up 12% from YTD 2024[21] - Year-to-date Adjusted EPS was $4.06, up 8% from YTD 2024[16, 21] Capital Investment and Guidance - Capital investment increased by 27% to $123 million, from $97 million in Q3 2024[13] - The company is increasing its 2025 capital expenditure guidance to $425 - $450 million[14, 25] - The company reaffirmed its 2025 EPS guidance of $6.15 - $6.35, representing growth of 14% - 18%[14, 23, 26] Growth and Expansion - Customer growth increased by 3.2% in average natural gas residential customers[13] - The company has identified approximately $1.4 billion of capital projects supporting its 5-year CapEx guidance of $1.5 - $1.8 billion[49] - $200 million of long-term debt was issued in Q3 2025 to maintain balance sheet strength and flexibility[14, 91]

Core Insights - Chesapeake Utilities reported quarterly earnings of $0.82 per share, missing the Zacks Consensus Estimate of $0.90 per share, but showing an increase from $0.80 per share a year ago, resulting in an earnings surprise of -8.89% [1] - The company achieved revenues of $179.6 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 4.48% and up from $160.14 million year-over-year [2] - Chesapeake Utilities has surpassed consensus revenue estimates four times over the last four quarters, although it has only exceeded EPS estimates once in the same period [2] Future Outlook - The immediate price movement of Chesapeake Utilities' stock will largely depend on management's commentary during the earnings call and the sustainability of earnings expectations [3][4] - The current consensus EPS estimate for the upcoming quarter is $2.09 on revenues of $245.3 million, and for the current fiscal year, it is $6.14 on revenues of $915.6 million [7] - The Zacks Rank for Chesapeake Utilities is currently 4 (Sell), indicating expectations of underperformance in the near future [6] Industry Context - The Utility - Gas Distribution industry, to which Chesapeake Utilities belongs, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]