CHESAPEAKE UTILITIES CORP CPK
Chesapeake Utilities Corporation is a Delaware corporation formed in 1947 with operations primarily in the Mid-Atlantic region, North Carolina, South Carolina, Florida and Ohio. We are an energy delivery company engaged in the distribution of natural gas, electricity and propane, the transmission of natural gas, the generation of electricity and steam, and in providing mobile compressed natural gas and other energy-related services to our customers.
Our strategy is focused on growing earnings from a stable, regulated energy delivery foundation and investing in related businesses and services that together provide opportunities for returns greater than traditional utility returns. We seek to identify and develop opportunities across the energy value chain, with emphasis on regulated midstream and downstream investments that are accretive to earnings per share and create opportunities to continue our record of top tier returns on equity relative to our peer group. The Company's growth strategy includes the continued investment and expansion of the Company's regulated operations that provide a stable base of earnings, as well as investments in other related non-regulated businesses and services including sustainable investments, such as renewable natural gas related investments.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $930.0M | $787.2M | $670.6M | $680.7M | $570.0M | $488.2M | $479.6M | $490.3M | $449.6M | $498.9M |
| Total operating expenses | $674.1M | $559.0M | $519.8M | $537.8M | $438.9M | $375.5M | $373.3M | $395.5M | $359.9M | $412.9M |
| Operating income | $255.9M | $228.2M | $150.8M | $142.9M | $131.1M | $112.7M | $106.3M | $94.8M | $89.7M | $86.0M |
| Interest expense | $72.5M | $68.4M | $36.9M | $24.4M | $20.1M | $21.8M | $22.2M | $16.1M | $12.5M | $10.6M |
| Pre-tax income | $193.0M | $161.8M | $115.3M | $123.6M | $112.7M | $94.2M | $82.2M | $78.1M | $75.0M | $73.0M |
| Income tax | $52.7M | $43.2M | $28.1M | $33.8M | $29.2M | $23.5M | $21.1M | $21.1M | $14.7M | $28.3M |
| Net income | $140.3M | $118.6M | $87.2M | $89.8M | $83.5M | $71.5M | $65.2M | $56.6M | $58.1M | $44.7M |
| EPS, basic | 6.00 | 5.28 | 4.75 | 5.07 | 4.75 | 4.28 | 3.97 | 3.46 | 3.56 | 2.87 |
| EPS, diluted | 5.97 | 5.26 | 4.73 | 5.04 | 4.73 | 4.26 | 3.96 | 3.45 | 3.55 | 2.86 |
| Shares, diluted (wtd. avg.) | 23.5M | 22.5M | 18.4M | 17.8M | 17.6M | 16.8M | 16.4M | 16.4M | 16.4M | 15.6M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.8M | $7.9M | $4.9M | $6.2M | $5.0M | $3.5M | $7.0M | $6.1M | $5.6M | $4.2M |
| Receivables | $101.5M | $76.7M | $71.8M | $62.9M | $58.5M | $56.9M | $49.6M | $53.8M | $77.2M | $62.8M |
| Total current assets | $237.0M | $204.3M | $185.7M | $194.0M | $170.3M | $136.4M | $134.8M | $191.5M | $178.6M | $141.2M |
| Property, plant and equipment | $3.12B | $2.74B | $2.46B | $1.81B | $1.74B | $1.60B | $1.46B | $1.35B | $1.13B | $986.7M |
| Goodwill | $507.5M | $507.7M | $508.2M | $46.2M | $44.7M | $38.7M | $32.7M | $21.6M | $19.6M | $15.1M |
| Other intangibles | $13.2M | $15.0M | $16.9M | $17.9M | $13.2M | $8.3M | $8.1M | $3.9M | $4.7M | $1.8M |
| Total assets | $3.99B | $3.58B | $3.30B | $2.22B | $2.11B | $1.93B | $1.78B | $1.69B | $1.41B | $1.23B |
| Accounts payable | $115.2M | $78.3M | $77.5M | $61.5M | $52.6M | $60.3M | $54.1M | $98.7M | $74.7M | $56.9M |
| Short-term debt | $134.6M | $25.5M | $18.5M | $21.5M | $18.0M | $13.6M | $45.6M | $11.9M | $9.4M | $12.1M |
| Total current liabilities | $529.9M | $419.4M | $386.4M | $369.0M | $376.4M | $329.0M | $423.3M | $528.2M | $413.0M | $334.1M |
| Long-term debt | $1.33B | $1.26B | $1.19B | $578.4M | $549.9M | $508.5M | $440.2M | $316.0M | $197.4M | $137.0M |
| Retained earnings | $626.8M | $550.3M | $488.7M | $445.5M | $393.1M | $343.0M | $300.6M | $261.5M | $229.1M | $192.1M |
| Total equity | $1.60B | $1.39B | $1.25B | $832.7M | $774.2M | $697.1M | $561.6M | $518.4M | $486.3M | $446.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $233.7M | $239.4M | $203.5M | $158.9M | $150.5M | $158.9M | $103.0M | $117.4M | $110.1M | $104.1M |
| Depreciation and amortisation | $91.7M | $65.7M | $65.5M | $69.0M | $62.7M | $58.1M | $45.4M | $40.2M | $36.4M | $32.2M |
| Stock-based compensation | $8.5M | $8.4M | $7.6M | $6.4M | $5.9M | $4.8M | $4.3M | $2.8M | $2.5M | $2.4M |
| Capital expenditure | $448.6M | $355.3M | $188.6M | $128.3M | $186.9M | $165.5M | $184.7M | $240.4M | $175.3M | $169.9M |
| Investing cash flow | -$435.7M | -$349.9M | -$1.11B | -$136.5M | -$223.0M | -$181.6M | -$186.6M | -$256.8M | -$186.9M | -$170.0M |
| Financing cash flow | $195.9M | $113.5M | $906.6M | -$21.2M | $74.0M | $19.2M | $84.5M | $140.0M | $78.2M | $67.2M |
| Dividends paid | $60.7M | $54.2M | $40.0M | $35.2M | $31.5M | $27.2M | $24.7M | $22.0M | $19.9M | $17.5M |
| Buybacks | — | — | — | $4.5M | $15.9M | $22.6M | $721.0K | $706.0K | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-011753.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $498.9M | $449.6M | $490.3M | $479.6M | $488.2M | $570.0M | $680.7M | $670.6M | $787.2M | $930.0M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $44.7M | $58.1M | $56.6M | $65.2M | $71.5M | $83.5M | $89.8M | $87.2M | $118.6M | $140.3M |
Recent filings and events
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event Item 8.01
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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