Company Performance - Chesapeake Utilities (CPK) has gained approximately 6% year-to-date, outperforming the average return of 4.3% for the Utilities sector [4] - The Zacks Consensus Estimate for CPK's full-year earnings has increased by 0.2% over the past quarter, indicating improving analyst sentiment [4] - Chesapeake Utilities holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook for the stock [3] Industry Comparison - Chesapeake Utilities is part of the Utility - Gas Distribution industry, which consists of 13 companies and currently ranks 24 in the Zacks Industry Rank [6] - Stocks in the Utility - Gas Distribution industry have experienced an average loss of about 4.7% year-to-date, highlighting CPK's relative strength within this group [6] - Centrica PLC (CPYYY), another stock in the Utilities sector, has returned 11.1% year-to-date and also holds a Zacks Rank of 2 (Buy) [5]

Financial Data and Key Metrics Changes - Adjusted diluted earnings per share (EPS) for Q4 2024 was $1.63, bringing the full year EPS to $5.39, which is a significant accomplishment given various challenges faced during the year [12][34] - Full year adjusted gross margin was $567 million, up 25% from 2023, driven by the addition of Florida City Gas and infrastructure expansions [33] - Adjusted net income increased by 24% to approximately $122 million for full year 2024 [34] Business Line Data and Key Metrics Changes - Florida City Gas contributed nearly $89 million in adjusted gross margin for 2024 [16] - Adjusted gross margin for the Regulated Energy segment was approximately $439 million, up 32% from 2023 [37] - Unregulated Energy segment saw adjusted gross margin increase by 6% to approximately $128 million [38] Market Data and Key Metrics Changes - In Delmarva, over 4,000 new customers were added, driving residential growth by 4% and commercial growth by 1.6% [19] - In Florida, 6,700 new customers were added, resulting in residential and commercial growth of 3.9% and 1.2%, respectively [21] - Florida was the leading state for net in-migration and new resident net income growth in 2024 [21] Company Strategy and Development Direction - The company aims to prudently allocate capital, proactively manage regulatory strategies, and continually transform business operations [18] - A five-year capital investment plan of $1.5 billion to $1.8 billion is reaffirmed, with 2025 capital expenditure guidance set at $325 million to $375 million [27][25] - The company is focusing on integrating Florida City Gas and enhancing operational efficiencies through initiatives like the OneCX customer billing system [29] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the regulatory environment and its favorable impact on the industry, particularly for natural gas [63] - The company is positioned for significant growth in 2025, with a target of at least 14% adjusted EPS growth [55] - Management highlighted the importance of community engagement and maintaining a strong balance sheet to support future growth [53][39] Other Important Information - The company maintained a strong liquidity position with total available liquidity of $505 million at the end of 2024 [40] - A consistent dividend growth of approximately 9% was reported, with an annual dividend growth of 8.5% in 2024 [43][44] - The company is preparing for a credit rating pursuit and has made substantial progress in this area [42] Q&A Session Summary Question: Thoughts on executive orders and energy policy - Management indicated that executive orders have not changed their strategic thinking and are generally favorable for the industry [60][66] Question: Insights on Florida Supreme Court oral argument - Management believes the outcome will not significantly impact their operations and has moved to a more traditional depreciation study [68][72] Question: Weather impact on results, particularly for propane - Management noted that while the quarter started mild, favorable weather towards the end positively impacted results [78][80]

Fourth Quarter & Full-Year 2024 Earnings Call Presentation February 27, 2025 1 scan here for an electronic copy Safe Harbor for Forward-Looking Statements Safe Harbor Statement Some of the statements in this presentation are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other applicable law. Such forward-looking statements may be identified by the use of words, such as "project," "believe," "expect," "anticipate," "intend," "plan," "estimate," "c ...

Core Points - Chesapeake Utilities Corporation opened its second Safety Town training facility in DeBary, Florida, emphasizing its commitment to safety for employees and the community [1][3] - The facility is modeled after the original Safety Town in Dover, Delaware, and includes specialized training environments for various safety scenarios [2][3] - A $10,000 donation was made to the Florida Fire Chiefs' Association Foundation during the opening ceremony to support education and scholarships for fire and emergency services professionals [5] Facility Details - The one-acre center features simulations for hit line and gas leaks, service hook-ups, utility locating, leak detection, and corrosion monitoring [2] - It includes technology-equipped training rooms, equipment storage areas, and multiple training houses for real-life safety scenarios [2] - The curriculum aims to enhance technical expertise and emergency preparedness through comprehensive training programs [3][4] Community Engagement - The facility serves as a valuable training resource for Florida's first responders and community partners [5][6] - Tours and safety demonstrations were offered to attendees, showcasing the training opportunities available [5] - The mayor of DeBary highlighted the importance of hands-on training for community safety [6]

Chesapeake Utilities (CPK) came out with quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.67 per share. This compares to earnings of $1.64 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.40%. A quarter ago, it was expected that this energy and utility company would post earnings of $0.69 per share when it actually produced earnings of $0.80, delivering a surprise of 15.94%.Over the last four ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended: December 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-11590 CHESAPEAKE UTILITIES CORPORATION (Exact name of registrant as specified in its charter) State of Delaware 51-0064146 (State or other jurisdictio ...

FOR IMMEDIATE RELEASE February 26, 2025 NYSE Symbol: CPK CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2024 RESULTS Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the year and the fourth quarter ended December 31, 2024. For 2024, net income was $118.6 million ($5.26 per share) compared to $87.2 million ($4.73 per share) in 2023. Excluding transaction and transition-related expenses related to the acquisiti ...

DOVER, Del., Feb. 20, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC). The Company was honored in the Over 50 Employees category. The award, which recognizes the efforts of employers to support service members, veterans and their family members through workplace initiatives, was presented on Feb. 20 at the JMAC's annual State of the Guard Address.Chesapea ...

DOVER, Del., Feb. 3, 2025 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 27, 2025 at 8:30 a.m. ET to discuss the Company's financial results for the fourth quarter and full year ended December 31, 2024. The earnings press release will be issued on Wednesday, February 26, 2025, after market close. To listen to the Company's conference call via live webcast, please register here prior to the call. The accompanying presentation will also be availa ...

About Florida City Gas "It is a tremendous honor to be recognized for our strong customer relationships," said Kim Estrada, director of customer care operations. "This award reflects our commitment to meaningful connections with the people and communities we serve as we support their evolving energy needs." FCG's achievement underscores its role as a trusted leader in the utility sector, setting a benchmark for customer engagement and innovation. The Company was previously honored by Escalent in 2022 as a " ...