Chesapeake Utilities Corporation (CPK) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$1.07	$1.05	-1.9%	—	$201.9M	—
Q1 26	$2.38	$2.47	+3.8%	—	$353.1M	—
Q4 25	$1.97	$1.94	-1.5%	—	$258.9M	—
Q3 25	$0.94	$0.82	-12.8%	—	$179.6M	—
Q2 25	$1.02	$1.04	+2.0%	—	$192.8M	—
Q1 25	$2.25	$2.22	-1.3%	—	$298.7M	—
Q4 24	$1.64	$1.63	-0.6%	—	$215M	—
Q3 24	$0.67	$0.8	+19.4%	—	$160.1M	—
Q2 24	$0.81	$0.86	+6.2%	—	$166.3M	—
Q1 24	$2.14	$2.1	-1.9%	—	$245.7M	—
Q4 23	$1.56	$1.64	+5.1%	—	$185.3M	—
Q3 23	$0.63	$0.53	-15.9%	—	$131.5M	—
Q2 23	$0.96	$0.9	-6.2%	—	$135.6M	—
Q1 23	$2.11	$2.04	-3.3%	—	$218.1M	—
Q4 22	$1.44	$1.47	+2.1%	—	$187.3M	—
Q3 22	$0.74	$0.54	-27.0%	—	$131.1M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6	—	—	$930M	—
FY24	—	$5.28	—	—	$787.2M	—
FY23	—	$4.75	—	—	$670.6M	—
FY22	—	$5.07	—	—	$680.7M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$498.9M	$449.6M	$490.3M	$479.6M	$488.2M	$570M	$680.7M	$670.6M	$787.2M	$930M
YoY change	+8.63%	-9.87%	+9.04%	-2.18%	+1.79%	+16.7%	+19.4%	-1.48%	+17.4%	+18.1%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	498.9M	449.6M	490.3M	479.6M	488.2M	570M	680.7M	670.6M	787.2M	930M
Cost of revenue	366.1M	306.8M	337.1M	308M	295.6M	352M	443.2M	415.3M	452.4M	544.7M
Gross profit	132.7M	142.8M	153.2M	171.6M	192.6M	217.9M	237.5M	255.3M	334.8M	385.3M
Gross margin	26.6%	31.8%	31.3%	35.8%	39.5%	38.2%	34.9%	38.1%	42.5%	41.4%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	-130K	-130K	-130K	—	—	—	—	—	—
Operating income	85.9M	89.6M	94.7M	106.2M	112.6M	131.1M	142.9M	161.2M	232.2M	257.1M
Operating margin	17.2%	19.9%	19.3%	22.1%	23.1%	23%	21%	24%	29.5%	27.6%
Non-operating income, net	-2.2M	-2.1M	-477K	-1.7M	3.4M	1.7M	5.1M	-8.9M	-2M	8.4M
Pretax income	73M	75M	78.1M	82.2M	94.2M	112.7M	123.6M	115.3M	161.8M	193M
Income tax	28.3M	14.7M	21.1M	21.1M	23.5M	29.2M	33.8M	28.1M	43.2M	52.7M
Net income	44.7M	58.1M	56.6M	65.2M	71.5M	83.5M	89.8M	87.2M	118.6M	140.3M
Net margin	8.96%	12.9%	11.5%	13.6%	14.6%	14.6%	13.2%	13%	15.1%	15.1%
EBITDA	123M	132.2M	143.6M	159M	183.5M	205.7M	228M	240M	315.7M	374.3M
EPS	2.87	3.56	3.46	3.97	4.28	4.75	5.07	4.75	5.28	6
Diluted EPS	2.86	3.55	3.45	3.96	4.26	4.73	5.04	4.73	5.26	5.97

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	131.5M	185.3M	245.7M	166.3M	160.1M	215M	298.7M	192.8M	179.6M	258.9M	353.1M	201.9M
Cost of revenue	83.4M	110.2M	138.7M	97.5M	92.8M	123.4M	179.7M	110.9M	102.1M	152M	222.2M	116.4M
Gross profit	48.1M	75.1M	107.1M	68.7M	67.4M	91.6M	119M	81.9M	77.5M	106.9M	130.9M	85.5M
Gross margin	36.6%	40.5%	43.6%	41.3%	42.1%	42.6%	39.8%	42.5%	43.2%	41.3%	37.1%	42.3%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	—	—	—	—	—	—	—	—	—	—	—	—
Operating expenses	—	—	—	—	—	—	—	—	—	—	—	—
Operating income	24.1M	53.8M	80.5M	42.2M	41.7M	67.8M	87.1M	50.8M	45.2M	74M	99.4M	52.9M
Operating margin	18.3%	29%	32.8%	25.4%	26.1%	31.5%	29.2%	26.3%	25.2%	28.6%	28.2%	26.2%
Non-operating income, net	-4M	-6.1M	-726K	-264K	-419K	-591K	300K	-100K	—	8.2M	—	500K
Pretax income	13.1M	32M	62.8M	25.1M	24.3M	49.7M	69.3M	32.9M	27M	63.8M	80.7M	35M
Income tax	3.7M	6.7M	16.6M	6.8M	6.8M	13M	18.4M	9M	7.6M	17.7M	21.4M	9.6M
Net income	9.4M	25.3M	46.2M	18.3M	17.5M	36.7M	50.9M	23.9M	19.4M	46.1M	59.3M	25.4M
Net margin	7.15%	13.7%	18.8%	11%	10.9%	17%	17%	12.4%	10.8%	17.8%	16.8%	12.6%
EBITDA	44.5M	71M	101.6M	65.3M	62.3M	86.3M	114.2M	77.1M	72.4M	110.6M	125.2M	80.6M
EPS	0.53	—	2.07	0.82	0.78	1.6	2.22	1.03	0.82	1.94	2.48	1.06
Diluted EPS	0.53	—	2.07	0.82	0.78	1.6	2.21	1.02	0.82	1.93	2.47	1.05

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1B	1.3B	1.3B	1.6B	1.8B	2.6B	2.1B	1.9B	—	2.9B	3.1B
Enterprise value	1.4B	1.7B	1.9B	2.3B	2.5B	3.4B	2.9B	3.3B	—	4.5B	4.8B
Shares outstanding	15.6M	16.3M	16.4M	16.4M	16.7M	17.6M	17.7M	18.4M	22.5M	23.4M	23.4M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	23.3	22.1	23.5	24.1	25.3	30.7	23.3	22.3	—	20.8	20.2
P/S	2.09	2.85	2.71	3.28	3.7	4.49	3.08	2.89	—	3.14	3.07
P/B	2.34	2.64	2.57	2.8	2.59	3.31	2.51	1.56	—	1.83	1.82
EV/EBITDA	11.4	13.1	13.6	14.5	13.7	16.3	12.7	13.9	—	12.1	12.6
EV/Sales	2.8	3.86	3.97	4.81	5.15	5.88	4.26	4.97	—	4.89	4.83
Earnings yield	4.29%	4.53%	4.25%	4.15%	3.95%	3.26%	4.29%	4.49%	—	4.81%	4.95%
FCF yield	-6.3%	-5.08%	-9.24%	-5.2%	-0.36%	-1.42%	1.46%	0.77%	—	-7.36%	-7.19%
PEG	—	—	—	—	—	—	—	—	—	—	6.94

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	26.6%	31.8%	31.3%	35.8%	39.5%	38.2%	34.9%	38.1%	42.5%	41.4%	42.3%
Operating margin	17.2%	19.9%	19.3%	22.1%	23.1%	23%	21%	24%	29.5%	27.6%	26.2%
Net margin	8.96%	12.9%	11.5%	13.6%	14.6%	14.6%	13.2%	13%	15.1%	15.1%	15.1%
ROE	10%	12%	10.9%	11.6%	10.3%	10.8%	10.8%	7%	8.53%	8.78%	9.47%
ROA	3.63%	4.11%	3.34%	3.65%	3.7%	3.95%	4.05%	2.64%	3.32%	3.51%	4.29%
ROIC	6.56%	7.68%	6.09%	6.08%	6.03%	6.2%	6.33%	4.62%	5.92%	5.8%	5.86%
Return on tangible assets	3.74%	4.25%	3.44%	3.83%	3.89%	4.18%	4.3%	3.87%	4.68%	4.75%	4.79%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	0.42	0.43	0.36	0.32	0.41	0.45	0.53	0.48	0.49	0.45	0.32
Quick ratio	0.39	0.38	0.33	0.29	0.38	0.4	0.45	0.4	0.42	0.4	0.28
Debt / equity	0.8	0.94	1.2	1.32	1.02	1.03	0.98	1.12	1.07	1.02	1.01
Debt / assets	0.29	0.32	0.37	0.42	0.37	0.38	0.37	0.42	0.42	0.41	0.41
Net debt / EBITDA	2.88	3.42	4.29	4.63	3.84	3.86	3.54	5.8	4.7	4.34	4.36
Interest coverage	7.86	6.99	5.84	4.7	5.33	6.6	6.08	4.12	3.37	3.66	3.8
Effective tax rate	38.8%	19.6%	27%	25.7%	25%	25.9%	27.4%	24.4%	26.7%	27.3%	27.3%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	32	27.5	30	29.2	29.2	32.5	38.4	36.5	35	39.8	41.7
EPS (basic)	2.87	3.56	3.46	3.97	4.28	4.75	5.07	4.75	5.28	6	6
EPS (diluted)	2.86	3.55	3.45	3.96	4.26	4.73	5.04	4.73	5.26	5.97	6.26
Book value per share	28.6	29.8	31.7	34.2	41.7	44.1	47	67.8	61.9	68.3	69.4
FCF per share	-4.22	-3.99	-7.51	-4.99	-0.39	-2.07	1.73	0.81	-5.16	-9.19	-8
Cash per share	0.27	0.34	0.37	0.43	0.21	0.28	0.35	0.27	0.35	0.08	0.02
Capex per share	10.9	10.7	14.7	11.3	9.9	—	—	—	—	19.2	20.7

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	34%	39%	49%	38.5%	33.9%	—	—	—	—	48.2%	50.5%
Capex / operating cash flow	165%	158.2%	204.9%	197.6%	99.4%	—	—	—	—	192%	162.8%
Payout ratio	39.1%	34.3%	39%	37.9%	38%	37.8%	39.1%	45.9%	45.7%	43.3%	44.6%
Dividend yield	1.68%	1.55%	1.66%	1.57%	1.5%	1.23%	1.68%	2.06%	—	2.08%	2.31%

Yield

2.31%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.735

ex-dividend Sep 14, 2026

Payout ratio

45%

of earnings

Dividend growth

8 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 14, 2026	$0.735
Jun 15, 2026	$0.735
Mar 16, 2026	$0.685

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$131.5M	$185.3M	$245.7M	$166.3M	$160.1M	$215M	$298.7M	$192.8M	$179.6M	$258.9M	$353.1M	$201.9M
YoY change	+0.38%	-1.05%	+12.7%	+22.6%	+21.7%	+16%	+21.5%	+16%	+12.2%	+20.4%	+18.2%	+4.72%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	4.2M	5.6M	6.1M	7M	3.5M	5M	6.2M	4.9M	7.9M	1.8M
Receivables	62.8M	77.2M	53.8M	49.6M	56.9M	58.5M	62.9M	71.8M	76.7M	101.5M
Inventory	11M	20.3M	16.9M	11.9M	11.4M	21M	26.3M	29.2M	26.9M	26.7M
Total current assets	141.2M	178.6M	191.5M	134.8M	136.4M	170.3M	194M	185.7M	204.3M	237M
Property, plant & equipment	-167.8M	-158.4M	-180.3M	-231.3M	-265.9M	-322.5M	-371.3M	-360.5M	-379.1M	-305.7M
Goodwill & intangibles	33.8M	48.6M	50.8M	81.6M	94M	115.8M	128.1M	1.1B	1B	1B
Total assets	1.2B	1.4B	1.7B	1.8B	1.9B	2.1B	2.2B	3.3B	3.6B	4B
Accounts payable	56.9M	74.7M	98.7M	54.1M	60.3M	52.6M	61.5M	77.5M	78.3M	115.2M
Short-term debt	222M	260.4M	306.4M	293M	189.2M	239.6M	223.6M	198.4M	222M	292.6M
Total current liabilities	334.1M	413M	528.2M	423.3M	329M	376.4M	369M	386.4M	419.4M	529.9M
Long-term debt	137M	197.4M	316M	450.1M	518.4M	558.5M	590.8M	1.2B	1.3B	1.3B
Total liabilities	783.1M	928.6M	1.2B	1.2B	1.2B	1.3B	1.4B	2.1B	2.2B	2.4B
Shareholders' equity	446.1M	486.3M	518.4M	561.6M	697.1M	774.1M	832.8M	1.2B	1.4B	1.6B
Total debt	358.9M	457.8M	622.4M	743M	707.6M	798.1M	814.4M	1.4B	1.5B	1.6B
Net debt	354.7M	452.2M	616.3M	736M	704.1M	793.1M	808.2M	1.4B	1.5B	1.6B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.8M	4.9M	1.7M	6.4M	1.6M	7.9M	700K	1.5M	1.8M	1.8M	4.7M	400K
Receivables	45M	71.8M	68.3M	54.2M	54.4M	76.7M	97M	84.1M	78.1M	101.5M	113.9M	92.3M
Inventory	24.6M	29.2M	28M	26.2M	27.9M	26.9M	28.1M	25.1M	24.9M	26.7M	25.3M	23.7M
Total current assets	137.5M	185.7M	169.7M	156.3M	166.5M	204.3M	199.6M	192.3M	218.8M	237M	239.1M	188M
Property, plant & equipment	-400.4M	-360.5M	-364.2M	-345.4M	-357.2M	-379.1M	-371.3M	-353.8M	-315.3M	-305.7M	-282.9M	-229M
Goodwill & intangibles	125.5M	1.1B	1B	1B	1B	1B	1B	1B	1B	1B	1B	1B
Total assets	2.2B	3.3B	3.3B	3.4B	3.5B	3.6B	3.7B	3.7B	3.9B	4B	4.1B	4.2B
Accounts payable	53.7M	77.5M	63.1M	69M	70.1M	78.3M	76.6M	69.1M	89.2M	115.2M	101.1M	93.6M
Short-term debt	138.6M	198.4M	188.9M	225.7M	233.3M	222M	240.9M	270.8M	130.3M	292.6M	334.2M	369.8M
Total current liabilities	288.4M	386.4M	371.7M	410.2M	434.8M	419.4M	433.7M	459.8M	351.2M	529.9M	553.7M	594.7M
Long-term debt	654.8M	1.2B	1.2B	1.2B	1.2B	1.3B	1.3B	1.3B	1.4B	1.3B	1.3B	1.3B
Total liabilities	1.4B	2.1B	2.1B	2.1B	2.1B	2.2B	2.2B	2.2B	2.3B	2.4B	2.4B	2.5B
Shareholders' equity	866.7M	1.2B	1.3B	1.3B	1.3B	1.4B	1.4B	1.5B	1.5B	1.6B	1.7B	1.7B
Total debt	793.4M	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B
Net debt	791.6M	1.4B	1.4B	1.4B	1.4B	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	44.7M	58.1M	56.6M	65.2M	71.5M	83.5M	89.8M	87.2M	118.6M	140.3M
Depreciation & amortization	39.5M	44.7M	49.3M	54.7M	67.7M	72.9M	80M	77.4M	81.5M	107.6M
Stock-based compensation	2.4M	2.5M	2.8M	4.3M	4.8M	5.9M	6.4M	7.6M	8.4M	8.5M
Change in working capital	-14.7M	-4.8M	-12.7M	-47.7M	-2.1M	-27.6M	-42.1M	9.9M	-4.3M	-39.1M
Operating cash flow	103M	110.8M	117.3M	93.5M	166.5M	161.4M	157.8M	185.7M	240.4M	233.7M
Capital expenditure	-169.9M	-175.3M	-240.4M	-184.7M	-165.5M	—	—	—	—	-448.6M
Investing cash flow	-170M	-186.9M	-256.8M	-209.5M	-181.8M	-36.1M	-8.2M	-922.8M	5.4M	-435.7M
Dividends paid	-17.5M	-19.9M	-22M	-24.7M	-27.2M	-31.5M	-35.1M	-40M	-54.2M	-60.7M
Share repurchases	—	—	-706K	-721K	—	—	—	-28K	—	—
Financing cash flow	67.2M	78.2M	134M	84.5M	19.2M	74M	-21.2M	906.6M	113.5M	195.9M
Net change in cash	155K	2.2M	-5.5M	-31.5M	3.9M	199.3M	128.4M	169.6M	359.3M	-6.1M
Free cash flow	-65.7M	-65.2M	-123M	-81.8M	-6.6M	-36.4M	30.6M	14.9M	-115.9M	-214.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	9.4M	25.3M	46.2M	18.2M	17.5M	36.7M	50.9M	23.9M	19.4M	46.1M	59.3M	25.4M
Depreciation & amortization	20.5M	16.8M	20.9M	22M	20.2M	18.2M	26.5M	25.9M	27M	28.2M	25.8M	27.2M
Stock-based compensation	1.9M	2.8M	2.1M	2.4M	1.9M	2M	2.3M	2.3M	1.4M	2.5M	3.5M	700K
Change in working capital	3.6M	-47M	15.6M	23.7M	-1.9M	-41.4M	-8.9M	8.5M	-17.8M	-20.9M	10.2M	36.4M
Operating cash flow	38M	-7M	96.7M	78.3M	44.6M	21.2M	87.3M	54.2M	59.1M	35.4M	118M	95.6M
Capital expenditure	—	—	—	—	—	—	—	-100.1M	-108.3M	-126.4M	-141.9M	-125M
Investing cash flow	667K	-924.7M	801K	1.4M	1.4M	1.8M	700K	-99.6M	-105.5M	-117.5M	-141.7M	-123.2M
Dividends paid	-10.5M	-10.5M	-12.9M	-12.9M	-14.1M	-14.3M	-14.5M	-14.5M	-15.8M	-15.9M	-16.2M	-16.2M
Share repurchases	-14K	0	—	—	—	—	—	—	—	—	—	—
Financing cash flow	34.7M	673.9M	-36M	15.7M	72.3M	62.9M	20.9M	46.2M	-152.4M	82.1M	26.6M	22.4M
Net change in cash	73.3M	-257.9M	61.5M	95.4M	118.4M	85.9M	108.9M	800K	-198.8M	0	2.9M	-5.2M
Free cash flow	-13.1M	-30.8M	21.8M	-12.4M	-51.3M	-74M	-28.8M	-45.9M	-49.2M	-91M	-23.9M	-29.4M

Date	Ratio
Sep 9, 2014	3:2
Apr 5, 1989	3:2
Oct 6, 1986	3:2
Jun 7, 1984	2:1

Chesapeake Utilities Corporation Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history