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CHESAPEAKE UTILITIES CORPORATION REPORTS FISCAL YEAR 2025 RESULTS
Prnewswire· 2026-02-25 21:37
Industrial2,393,88912,020,09684,9402,971,38211,862,86494,706Other70,5691,307,859—73,2551,548,856—Total3,730,18014,341,493150,3414,048,18414,450,939162 CustomersResidential106,917213,12526,008103,308208,09025,781Commercial and reflected increased capital costs associated with unanticipated changes in global markets and supply chains, including the availability of skilled laborers with the requisite certifications to work on this project. Eastern Shore requested expedited action by the FERC in relation to thi ...
Chesapeake Utilities to Host its Fourth Quarter and Full-Year 2025 Earnings Conference Call and Webcast on February 26, 2026
Prnewswire· 2026-02-17 13:00
Core Viewpoint - Chesapeake Utilities Corporation will host a conference call on February 26, 2026, to discuss its financial results for Q4 and the full year of 2025 [1] Group 1: Conference Call Details - The conference call is scheduled for 8:30 a.m. ET on February 26, 2026 [1] - An earnings press release will be issued on February 25, 2026, after market close [1] - Investors can participate via a live webcast and must register beforehand [1] Group 2: Participation Information - Dial-in information for the Q&A portion includes a toll-free number: 800-245-3047 and an international number: 203-518-9765 [1] - The conference ID for the call is CPKQ425 [1] - A replay of the call will be available on the company's website after the conclusion of the call [1] Group 3: Company Overview - Chesapeake Utilities Corporation is a diversified energy delivery company listed on the NYSE under the ticker CPK [1] - The company provides sustainable energy solutions through various services, including natural gas transmission and distribution, electricity generation and distribution, and propane gas distribution [1]
Chesapeake Utilities Corporation Selected to Explore Natural Gas Pipeline Expansion to Virginia's Eastern Shore
Prnewswire· 2026-02-05 21:15
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].
UGI Corporation Appoints Sidd Manjeshwar as Chief Strategy Officer
Businesswire· 2026-02-04 22:15
Manjeshwar holds a B.E. in Electronics from the University of Mumbai, a M.S. in Computer Science from James Madison University, and an M.B.A. from Georgetown University's McDonough School of Business. About UGI Corporation UGI Corporation (NYSE: UGI) is a distributor and marketer of energy products and services in the U.S. and Europe. UGI offers safe, reliable, affordable, and sustainable energy solutions to customers through its subsidiaries, which provide natural gas transmission and distribution, electri ...
UGI Corporation to Hold Fiscal 2026 First Quarter Earnings Conference Call on Thursday, February 5
Businesswire· 2026-01-06 21:30
Group 1 - UGI Corporation will announce its Fiscal 2026 first quarter results after the market closes on February 4, 2026 [1] - A live audio webcast of the conference call to discuss these results will be held at 9:00 AM ET on February 5, 2026 [1] - Interested parties can access the webcast live and in replay through the company's investor relations website [1] Group 2 - UGI Corporation is a distributor and marketer of energy products and services in the U.S. and Europe [2] - The company provides a range of energy solutions including natural gas transmission and distribution, electric generation and distribution, midstream services, propane distribution, and renewable natural gas generation [2] - UGI focuses on delivering safe, reliable, affordable, and sustainable energy solutions to its customers [2]
Chesapeake Utilities Corporation Named Best in the United States for Corporate Governance for the Third Time
Prnewswire· 2025-07-14 12:30
Core Points - Chesapeake Utilities Corporation has been recognized as the Best for Corporate Governance in the United States by World News Media Ltd.'s World Finance, marking the third time the company has received this accolade and the second consecutive year [1] - The recognition highlights the company's commitment to a values-driven culture, accountability, safety, operational excellence, and long-term stakeholder value [1][2] - Other notable companies recognized for their corporate governance include Adidas, TotalEnergies, and ASML Holding [2] 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 transmission and distribution, electricity generation and distribution, and propane gas distribution [4]
CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-07 20:30
Core Viewpoint - Chesapeake Utilities Corporation reported strong financial results for the first quarter of 2025, with net income increasing to $50.9 million, reflecting a year-over-year growth driven by higher customer consumption and regulatory initiatives [2][11]. Financial Performance - Net income for Q1 2025 was $50.9 million ($2.21 per share), up from $46.2 million ($2.07 per share) in Q1 2024 [2][11]. - Adjusted net income, excluding acquisition-related expenses, was $51.1 million ($2.22 per share) compared to $46.8 million ($2.10 per share) in the prior year [2][11]. - Adjusted gross margin increased by $17.9 million, or 10.9%, driven by customer consumption, regulatory initiatives, and infrastructure programs [14][11]. Growth Drivers - The increase in adjusted earnings was largely attributed to colder temperatures in the Mid-Atlantic and Ohio service territories, which led to increased customer consumption [3][11]. - The company invested nearly $113 million in new transmission and reliability infrastructure projects during the first quarter [4][11]. - Chesapeake Utilities expects continued growth in adjusted EPS, reaffirming its guidance for 2025 EPS in the range of $6.15 to $6.35 per share and 2028 EPS in the range of $7.75 to $8.00 per share [5][6]. Capital Expenditures - The company maintains a five-year capital expenditure guidance of $1.5 billion to $1.8 billion, with projected capital expenditures for 2025 between $325 million and $375 million [6][44]. - Capital expenditures for Q1 2025 were reported at $112.9 million [43]. Regulatory Initiatives - Significant regulatory activities are underway, including rate cases in Maryland and Delaware, which are expected to enhance earnings in the future [11][34][36]. - The company is actively managing its regulatory agenda to drive value and support growth initiatives [4][11]. Customer Growth - The average number of residential customers served increased by approximately 4.0% in the Delmarva Peninsula and 3.0% in Florida for Q1 2025 [41][42]. - Increased demand for virtual pipeline services and organic growth in natural gas distribution contributed to the overall performance [3][11].