Chesapeake Utilities (CPK) Company Overview

Chesapeake Utilities is a diversified energy company with stable regulated operations and growth in unregulated areas like propane distribution and renewable natural gas (RNG) production. Recent acquisitions and infrastructure investments, particularly in Florida, are driving growth, but the stock's valuation appears elevated compared to peers. Despite industry tailwinds, I rate Chesapeake a Hold due to limited near-term share price upside and more attractive opportunities in larger peers like Atmos Energy and UGI Corporation.

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").

COSTA MESA, Calif.--(BUSINESS WIRE)--California Pizza Kitchen (CPK) in partnership with Fandango, is excited to offer guests the ultimate “dinner and a movie” experience this holiday season. As CPK invites fans to enjoy a special reward—spend $50 or more at participating locations nationwide and receive a $10 Fandango Movie Reward towards Disney's highly anticipated film, “Moana 2,” opening exclusively in theaters November 27. The promotion runs from November 20 through December 31, 2024 (or wh.

Chesapeake Utilities Corporation (NYSE:CPK ) Q3 2024 Earnings Call November 8, 2024 8:30 AM ET Company Participants Lucia Dempsey - Head, Investor Relations Jeff Householder - Chair, President and Chief Executive Officer Beth Cooper - Executive Vice President, Chief Financial Officer, Treasurer and Assistant Corporate Secretary Jim Moriarty - Executive Vice President, General Counsel and Corporate Secretary and Chief Policy and Risk Officer Conference Call Participants Tate Sullivan - Maxim Group Paul Fremont - Ladenburg Chris Ellinghaus - Siebert Williams Shank Operator Welcome to Chesapeake Utilities Corporation's Third Quarter 2024 Earnings Conference Call. [Operator Instructions] I'd like to turn the call over to Lucia Dempsey, Head of Investor Relations.

Net income and earnings per share ("EPS")* were $17.5 million and $0.78, respectively, for the third quarter of 2024, and $81.9 million and $3.66, respectively, for the nine months ended September 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $18.1 million and $0.80, respectively, for the third quarter of 2024 and $84.2 million and $3.76, respectively, for the nine months ended September 30, 2024 Adjusted gross margin** growth of $89.3 million during the first nine months of 2024 driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued pipeline expansion projects, and additional customer consumption Results continue to track in line with Management's expectations, and the Company continues to affirm 2024 EPS and capital guidance DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and nine months ended September 30, 2024.

DOVER, Del. , Nov. 7, 2024 /PRNewswire/ -- At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company's common stock.

The innovative RNG production facility showcases Chesapeake Utilities' strategic execution across the entire energy delivery value chain LEE, Fla. , Oct. 30, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) held a ribbon-cutting ceremony on Monday, Oct. 28, to mark the official completion of its renewable natural gas (RNG) facility at Full Circle Dairy (FCD) in Lee, Florida.

Chesapeake Utilities (CPK) came out with quarterly earnings of $0.86 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.90 per share a year ago.

Net income and earnings per share ("EPS")* were $18.3 million and $0.82, respectively, for the second quarter of 2024, and $64.4 million and $2.89, respectively, for the six months ended June 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $19.3 million and $0.86, respectively, for the second quarter of 2024 and $66.1 million and $2.96, respectively, for the six months ended June 30, 2024 Adjusted gross margin** growth of $61.8 million during the first half of 2024 driven by contributions from FCG, natural gas organic growth and continued pipeline expansion projects, regulatory initiatives and additional customer consumption Multiple pipeline projects received approval to proceed, supporting continued natural gas demand in Delaware and Florida and driving incremental margins for 2025 and beyond Results continue to track in line with Management's expectations, and the Company continues to affirm 2024 EPS and capital guidance DOVER, Del. , Aug. 8, 2024 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and six months ended June 30, 2024.