Core Viewpoint - Chesapeake Utilities reported quarterly earnings of $1.63 per share, missing the Zacks Consensus Estimate of $1.67 per share, representing an earnings surprise of -2.40% [1] - The company posted revenues of $215 million for the quarter, surpassing the Zacks Consensus Estimate by 0.42% and showing an increase from $185.34 million year-over-year [2] Financial Performance - Over the last four quarters, Chesapeake Utilities has surpassed consensus EPS estimates only once [2] - The company has topped consensus revenue estimates two times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $2.38 on revenues of $267.4 million, and for the current fiscal year, it is $6.25 on revenues of $849.2 million [7] Market Position - Chesapeake Utilities shares have increased by approximately 4.3% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The Zacks Industry Rank for Utility - Gas Distribution is currently in the top 14% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] Future Outlook - The sustainability of the stock's price movement will depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current estimate revisions trend for Chesapeake Utilities is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6]

Financial Performance and Risks - The company's financial results may fluctuate significantly, and past performance should not be relied upon as an indicator of future results[87]. - The company faces risks from fluctuations in propane gas prices, which could negatively affect operations if sales prices cannot be adjusted accordingly[89]. - Slowdowns in customer growth could adversely affect the company's financial condition, results of operations, and cash flows[120]. - Increased costs and delays in capital projects may negatively impact future earnings due to the capital-intensive nature of the business[117]. - Higher commodity prices for natural gas and propane may increase operating costs and reduce competitiveness, impacting financial condition and cash flows[123]. - The company faces potential adverse effects on financial condition from unanticipated changes in tax provisions and liabilities[138]. - The company’s financial condition may be adversely affected by interruptions in information technology or network systems, which could lead to legal claims and regulatory proceedings[110][111]. - Changes in tax provisions or exposure to additional tax liabilities could adversely affect the company's profitability and cash flow[138]. Regulatory and Compliance Issues - The company is subject to regulatory oversight, and failure to obtain timely rate increases could adversely affect financial results[132]. - Compliance with environmental laws may require significant expenditures, potentially affecting financial condition and results of operations[136]. - Non-compliance with PHMSA regulations could result in significant penalties and fines, adversely affecting financial condition and cash flows[134]. - The company is required to develop integrity management programs for pipeline safety, which may incur increased capital and operating costs due to evolving regulations[134]. - The company may face increased compliance costs due to revised environmental laws, which may not be fully recoverable[137]. Operational Risks - Severe weather events and natural disasters could adversely impact the company's earnings and access to insurance coverage, affecting financial condition and results[103]. - The company operates in a competitive environment, particularly in natural gas and propane operations, where failure to retain customers could adversely affect financial performance[100]. - The company is subject to operational risks related to the construction of new facilities, which may limit future growth[96]. - The company faces risks related to the implementation of new software, which may lead to delays, cost overruns, and security risks[119]. - The company’s ability to grow revenues in natural gas, propane, and electric distribution is dependent on the residential construction market and customer conversions, with slowdowns potentially impacting financial results[120]. - The company is exposed to risks associated with the use of derivative instruments for hedging price risk, which may affect financial results due to market fluctuations[126]. Market and Economic Factors - Continuing inflationary pressures and supply chain issues may impact the availability of necessary resources, adversely affecting financial condition and operations[92]. - Increases in interest rates could raise the cost of future debt issuances, potentially adversely affecting earnings if higher costs cannot be recovered[91]. - Increased costs of natural gas, propane, and electricity may lead to customer conservation, adversely affecting the company’s financial condition and cash flows[122]. - The company faces potential regulatory and financial risks associated with climate change, which could lead to increased operating costs and reduced demand for energy delivery services[139]. - Climate change may impact customer energy demand due to variations in weather conditions, potentially affecting revenues and cash flows[140]. Strategic Initiatives and Acquisitions - Chesapeake Utilities Corporation completed the acquisition of FCG, a regulated natural gas distribution utility serving approximately 123,000 customers, for $922.8 million in cash[129]. - The company relies on timely construction of new facilities to support future growth, which is subject to various regulatory and developmental risks[96]. - The company’s business strategy requires capital investment exceeding cash flow from operations, making access to equity and debt at reasonable costs critical for future growth[88]. - The company is at risk if franchise agreements are not renewed, which could negatively impact future earnings and cash flows[118]. - The company’s operations may be impacted by higher commodity prices, which can increase operating costs and affect competitiveness[123][124]. Insurance and Liability - The company maintains insurance coverage for general liabilities amounting to $52 million, but there is no assurance it will be adequate for all future claims[135]. - The company maintains insurance coverage for general liabilities amounting to $52 million, which may not fully cover future claims for personal injury and property damage[135]. - The potential for investigations and lawsuits related to greenhouse gas emissions could adversely impact the company's business and financial results[140].

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 " ...

Company Overview - Chesapeake Utilities (NYSE: CPK) is a diversified energy delivery company operating in both regulated and unregulated markets, primarily serving the Delmarva Peninsula and Florida [1] - The company has notably increased its customer base and infrastructure assets in recent years through a series of strategic initiatives [1] Industry Perspective - Joseph Jones, a professor at The University of Southern Mississippi, has over fifteen years of experience studying the market, focusing on portfolio construction from a dividend growth investor's perspective [1] - The insights expressed in his research are solely his own and do not represent the views or financial interests of his employer [1]

DOVER, Del., Nov. 22, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced that it has established an at-the-market equity offering program (the "ATM Program") under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the "Shares"). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney ...

DOVER, Del., Nov. 14, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a Champion of Board Diversity for a second consecutive year by The Forum of Executive Women (The Forum). This award annually honors the top public companies in the Philadelphia region with boards comprised of at least 30% women. A record-breaking 46 Champions of Board Diversity were recognized at the Tuesday, Nov. 12, Forum Leadership Breakfast, which highlights the status of women's pro ...

Third Quarter 2024 Earnings Call Presentation scan here for an electronic copy November 8, 2024 1 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," "continue," "pot ...