Declared Dividend • May 20
First quarter dividend of US$0.73 announced Shareholders will receive a dividend of US$0.73. Ex-date: 15th June 2026 Payment date: 6th July 2026 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (44% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 3 highly experienced directors. Independent Director Lisa Eden was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. お知らせ • May 08
Chesapeake Utilities Corporation announces Quarterly dividend, payable on July 06, 2026 Chesapeake Utilities Corporation announced Quarterly dividend of USD 0.7350 per share payable on July 06, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. お知らせ • Apr 21
Chesapeake Utilities Corporation to Report Q1, 2026 Results on May 06, 2026 Chesapeake Utilities Corporation announced that they will report Q1, 2026 results at 4:00 PM, US Eastern Standard Time on May 06, 2026 お知らせ • Apr 02
Chesapeake Utilities Corporation Announces Executive Appointments, Effective April 1, 2026 Chesapeake Utilities Corporation announced two leadership appointments that reinforce the Company's commitment to operational excellence and long-term growth. Effective April 1, 2026 senior vice president and chief accounting officer Michael Galtman will assume the role of chief transformation officer to oversee the Company's enterprise resource plan (ERP) implementation in addition to managing financial planning, corporate development, tax and treasury operations. In conjunction with this transition, Melissa Barnes, who joined the Company on March 30, 2026, has been appointed vice president and chief accounting officer, and will be responsible for the Company's accounting and financial reporting functions. Galtman brings more than two decades of financial leadership across multiple publicly traded, regulated environments within the energy industry. Since joining Chesapeake Utilities in 2019, he has guided the Company through complex accounting, regulatory and governance matters, including multiple corporate transactions such as the Florida City Gas acquisition in late 2023. Prior to Chesapeake Utilities, Galtman served as chief accounting officer and vice president at Sunoco Logistics and MBNA, where he integrated nearly $3 billion in acquisitions, led an SAP implementation and managed financial reporting. Galtman began his career in public accounting; he holds a Bachelor of Science in Accounting from Rutgers University and is a Certified Public Accountant. Barnes is an accomplished accounting and finance leader with more than 20 years of experience in technical accounting, external reporting, largescale finance transformations- and internal controls. She most recently served as assistant controller at a global, publicly traded company, where she led accounting operations, including financial reporting, and provided oversight of Audit Committee communications. In prior roles, Barnes gained deep expertise in partnering with the business to execute complex transactions. Barnes holds a Bachelor of Science in Accounting from West Chester University of Pennsylvania and has completed executive education at the Yale School of Management. Barnes is a certified public accountant and a member of the American Institute of Certified Public Accountants. お知らせ • Mar 26
Chesapeake Utilities Corporation, Annual General Meeting, May 06, 2026 Chesapeake Utilities Corporation, Annual General Meeting, May 06, 2026. お知らせ • Feb 26
Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on April 6, 2026 The Board of Directors of Chesapeake Utilities Corporation declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on April 6, 2026, to all shareholders of record at the close of business on March 16, 2026. お知らせ • Feb 17
Chesapeake Utilities Corporation to Report Q4, 2025 Results on Feb 25, 2026 Chesapeake Utilities Corporation announced that they will report Q4, 2025 results After-Market on Feb 25, 2026 お知らせ • Jan 08
Chesapeake Utilities Corporation Promotes Michael Cassel to Senior Vice President, Strategic Development, Effective January 2, 2026 Chesapeake Utilities Corporation announced that Michael Cassel has been promoted to senior vice president, strategic development, effective January 2, 2026. In this role, Cassel leads the business development, external affairs and strategic planning groups to enhance the Company's ability to identify emerging opportunities, expand community partnerships and develop long-range strategies that support sustainable growth. Cassel joined Chesapeake Utilities Corporation in March 2008 as a regulatory analyst. Since then, he has spent nearly two decades advancing regulatory, legislative and public-affairs outcomes that strengthen system reliability and long-term value for ratepayers, serving in roles of increasing responsibility including vice president of strategic development, vice president of governmental and regulatory affairs, assistant vice president at Florida Public Utilities and director of Florida regulatory and governmental affairs. お知らせ • Nov 10
Chesapeake Utilities Corporation Reaffirms Earnings Guidance for the Full Year 2025 Chesapeake Utilities Corporation reaffirmed earnings guidance for the full year 2025. The company reaffirming full year 2025 EPS guidance of $6.15 to $6.35 per share. お知らせ • Nov 06
Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on January 5, 2026 At their meeting held on November 6, 2025, The Board of Directors of Chesapeake Utilities Corporation declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on January 5, 2026 to all shareholders of record at the close of business on December 15, 2025. お知らせ • Oct 21
Chesapeake Utilities Corporation to Report Q3, 2025 Results on Nov 06, 2025 Chesapeake Utilities Corporation announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 お知らせ • Sep 16
Chesapeake Utilities Corporation Appoints Lisa Eden as to Board of Directors as Class II Director and Member of the Audit Committee , Effective September 15, 2025 Chesapeake Utilities Corporation announced that Lisa Eden was appointed to serve as a member of the Company's Board of Directors as a Class II director, effective September 15, 2025. Ms. Eden was also appointed to serve as a member of the Audit Committee and the Board has determined that Ms. Eden qualifies as an “audit committee financial expert” as defined by the SEC based on her experience and knowledge. Ms. Eden joins the Board with extensive energy industry experience, having recently retired as senior vice president and chief financial officer after more than two decades of service at TXNM Energy Inc. Ms. Eden brings wide-ranging leadership experience across finance, information technology, human resources, and the energy sector. During her tenure with TXNM Energy, the parent company of Public Service Company of New Mexico and also of Texas-New Mexico Power Company, she held several key executive positions including vice president and treasurer, vice president of human resources, and vice president and chief information officer, in addition to other senior-level director roles. In these positions, she has developed comprehensive expertise in corporate finance, capital markets, strategic planning, employee and labor relations, succession planning and talent management, as well as information technology and cybersecurity. She has also held the Chartered Financial Analyst (CFA) designation for twenty years, underscoring her commitment to the highest standards of financial analysis and ethical practice. In addition to her corporate career, Ms. Eden contributes her leadership to the community as a board member of Presbyterian Healthcare Services, a not-for-profit organization dedicated to improving the health of its patients, members, and communities in New Mexico. お知らせ • Aug 08
Chesapeake Utilities Corporation Reaffirms Earnings Guidance for Year 2025 and 2028 Chesapeake Utilities Corporation reaffirmed earnings guidance for year 2025 and 2028. For the year 2025, the company continues to re-affirm its 2025 EPS guidance range of $6.15 to $6.35 per share, which includes approval of the pending FCG excess depreciation filing.
For the year 2028, the company re-affirmed the 2028 EPS guidance range of $7.75 to $8.00 per share. お知らせ • Aug 07
Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on October 6, 2025 At their meeting held August 7, 2025, the Board of Directors of Chesapeake Utilities Corporation declared a quarterly cash dividend of $0.685 per share on the Company's common stock. The $0.685 per share dividend will be paid on October 6, 2025 to all shareholders of record at the close of business on September 15, 2025. お知らせ • Jul 17
Chesapeake Utilities Corporation to Report Q2, 2025 Results on Aug 07, 2025 Chesapeake Utilities Corporation announced that they will report Q2, 2025 results After-Market on Aug 07, 2025 お知らせ • May 28
Chesapeake Utilities Corporation Appoints Abhijit Bhatwadekar as Chief Information Officer, Effective June 13, 2025 Chesapeake Utilities Corporation announced the appointment of Abhijit ("Abhi") Bhatwadekar as vice president and chief information officer (CIO), effective June 13, 2025. In his new role, Bhatwadekar will lead Chesapeake Utilities' technology strategy and operations, with responsibility for IT infrastructure, enterprise applications, cybersecurity, data management, and vendor partnerships. As CIO, he will play a critical role in aligning technology initiatives with business objectives, supporting the Company's growth strategy, and driving continued digital transformation across the organization. Bhatwadekar joins Chesapeake Utilities from PPL Corporation, where he served as vice president of data analytics and customer experience, leading critical initiatives focused on improving customer service and operational performance through data-driven strategies. His previous leadership roles include vice president of data and analytics for the benefits services division at Gallagher and senior technology positions at Nielsen, where he served as vice president for global data platforms and North America technology. Throughout his career, Bhatwadekar has led global teams, delivered large-scale technology programs, launched several global analytics platforms, and leveraged AI and automation to drive operational savings. At Chesapeake Utilities, Bhatwadekar will serve on the Company's senior leadership team and be a key advisor to the Board on major technology initiatives and cybersecurity risk management. He will guide the execution of the Company's IT roadmap, oversee the IT project portfolio and budget, and implement best practices and policies to support secure, efficient, and innovative service delivery. お知らせ • Apr 23
Chesapeake Utilities Corporation to Report Q1, 2025 Results on May 07, 2025 Chesapeake Utilities Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 お知らせ • Mar 18
Chesapeake Utilities Corporation, Annual General Meeting, May 07, 2025 Chesapeake Utilities Corporation, Annual General Meeting, May 07, 2025. お知らせ • Feb 04
Chesapeake Utilities Corporation to Report Q4, 2024 Results on Feb 26, 2025 Chesapeake Utilities Corporation announced that they will report Q4, 2024 results After-Market on Feb 26, 2025 お知らせ • Nov 23
Chesapeake Utilities Corporation has filed a Follow-on Equity Offering in the amount of $100 million. Chesapeake Utilities Corporation has filed a Follow-on Equity Offering in the amount of $100 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Declared Dividend • Nov 11
Third quarter dividend of US$0.64 announced Shareholders will receive a dividend of US$0.64. Ex-date: 16th December 2024 Payment date: 6th January 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$0.78 (vs US$0.53 in 3Q 2023) Third quarter 2024 results: EPS: US$0.78 (up from US$0.53 in 3Q 2023). Revenue: US$160.1m (up 22% from 3Q 2023). Net income: US$17.5m (up 86% from 3Q 2023). Profit margin: 11% (up from 7.2% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. お知らせ • Oct 24
Chesapeake Utilities Corporation to Report Q3, 2024 Results on Nov 07, 2024 Chesapeake Utilities Corporation announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 Upcoming Dividend • Sep 09
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 16 September 2024. Payment date: 07 October 2024. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (6.7%). Recent Insider Transactions • Aug 16
Independent Director recently sold €1.9m worth of stock On the 13th of August, Paul Maddock sold around 18k shares on-market at roughly €104 per share. This transaction amounted to 34% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.9m more than they bought in the last 12 months. Declared Dividend • Aug 12
Second quarter dividend of US$0.64 announced Shareholders will receive a dividend of US$0.64. Ex-date: 16th September 2024 Payment date: 7th October 2024 Dividend yield will be 2.3%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 9.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: US$0.82 (vs US$0.91 in 2Q 2023) Second quarter 2024 results: EPS: US$0.82. Revenue: US$166.3m (up 23% from 2Q 2023). Net income: US$18.3m (up 13% from 2Q 2023). Profit margin: 11% (in line with 2Q 2023). Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Gas Utilities industry in Europe. お知らせ • Aug 09
Chesapeake Utilities Corporation Announces Quarterly Dividend, Payable on October 7, 2024 Chesapeake Utilities Corporation declared a quarterly cash dividend of $0.64 per share on the Company's common stock. The $0.64 per share dividend will be paid on October 7, 2024 to all shareholders of record at the close of business on September 16, 2024. お知らせ • Jul 23
Chesapeake Utilities Corporation to Report Q2, 2024 Results on Aug 08, 2024 Chesapeake Utilities Corporation announced that they will report Q2, 2024 results After-Market on Aug 08, 2024 お知らせ • Jun 27
Chesapeake Utilities Corporation Announces the First Injections of Renewable Natural Gas At Its Radio Avenue Injection Point in Yulee, Florida Chesapeake Utilities Corporation announced the first injections of renewable natural gas (RNG) at its Radio Avenue injection point in Yulee, Florida, from the Company's RNG facility at Full Circle Dairy in Madison County. FPU Renewables, which constructed and operates the RNG facility, and its parent company, Florida Public Utilities Company, are subsidiaries of Chesapeake Utilities Corporation (Chesapeake Utilities). The injections are part of the commissioning phase of the Company's first RNG development project, which included the construction and operation of a dairy manure-to-biogas RNG facility at Full Circle dairy. The facility is now producing RNG, with the first deliveries and injections of captured RNG taking place earlier this month. The RNG is transported from the facility to the injection site by Chesapeake Utilities' subsidiary Marlin Gas Services, a provider of virtual pipeline solutions. To date, during the facility's first month of production, approximately 4,700 dekatherms of RNG have been captured and transported to the injection site. The RNG facility at Full Circleairy, which began construction in February 2023, captures and cleans methane from manure generated by dairy cows. The facility is expected to produce an average of 100,000 dekatherms annually and represents a capital investment of $22 million. The facility is projected to capture and redirect approximately 1,116 metric tons (mt) of methane per year, equivalent to 27,900 mt of carbon dioxide. Using the EPA greenhouse gas equivalencies calculator, this methane reduction equates to over 6,000 gasoline-powered passenger vehicles driven for one year and a CO2 emissions reduction equivalent to the annual energy consumption of more than 3,500 homes. The fuel injection point in Yulee was constructed in 2023, and has been adapted to enable alternative fuels, such as RNG, to be delivered into the existing pipeline delivery system and support the growing demand for energy in Nassau County. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 05 July 2024. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (4.5%). Lower than average of industry peers (6.4%). Declared Dividend • May 13
First quarter dividend of US$0.64 announced Shareholders will receive a dividend of US$0.64. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (47% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 8.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 09
First quarter 2024 earnings released: EPS: US$2.08 (vs US$2.05 in 1Q 2023) First quarter 2024 results: EPS: US$2.08 (up from US$2.05 in 1Q 2023). Revenue: US$245.7m (up 13% from 1Q 2023). Net income: US$46.2m (up 27% from 1Q 2023). Profit margin: 19% (up from 17% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. お知らせ • May 09
Chesapeake Utilities Corporation Raises Quarterly Cash Dividend, Payable on July 5, 2024 At their meeting held on May 8, 2024, the Board of Directors of Chesapeake Utilities Corporation voted to increase the quarterly cash dividend on the Company's common stock from $0.59 per share to $0.64 per share. The $0.64 per share dividend will be payable July 5, 2024 to all shareholders of record at the close of business on June 14, 2024. お知らせ • Apr 19
Chesapeake Utilities Corporation Names Lucia Dempsey as Head of Investor Relations Chesapeake Utilities Corporation announced that Lucia Dempsey has joined the Company as head of investor relations, effective April 15. Dempsey will be responsible for communicating to the investment community Chesapeake Utilities' strategy and commitment to being a leader in delivering energy that ensures a more sustainable future for our service territories. Dempsey will serve as a key contact with the financial community, helping communicate the Company's unique value proposition, investment opportunities and sustainability initiatives. Dempsey has significant investor relations and investment banking experience in the finance and energy industries. Most recently, she was head of investor relations at Sunlight Financial, where she managed a SPAC acquisition and de-SPAC IPO on the New York Stock Exchange, among other accomplishments. Other previous roles include investment banking for Goldman Sachs & Co. and for Barclays Capital, and investor relations and rates and regulatory affairs roles for Portland General Electric. Dempsey has an MBA from the University of Virginia and a bachelor's degree in administration and finance from the University of Portland. She serves as a board member for Trail Blazers, a nonprofit organization that equips and empowers youth to build values for life through outdoor programs financially accessible to all. お知らせ • Mar 27
Chesapeake Utilities Corporation, Annual General Meeting, May 08, 2024 Chesapeake Utilities Corporation, Annual General Meeting, May 08, 2024, at 09:00 US Eastern Standard Time. Agenda: To consider election of three Class I directors named in the Proxy Statement; to consider non-binding advisory vote to approve the compensation of the Company's Named Executive Officers; and to consider non-binding advisory vote to ratify the appointment of the Company’s independent registered public accounting firm. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 05 April 2024. Payout ratio is a comfortable 49% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.9%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.59 announced Shareholders will receive a dividend of US$0.59. Ex-date: 14th March 2024 Payment date: 5th April 2024 Dividend yield will be 2.4%, which is lower than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (353% cash payout ratio). The dividend has increased by an average of 9.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. お知らせ • Feb 22
Chesapeake Utilities Corporation Provides Earnings Guidance for the Year 2024 and 2025 Chesapeake Utilities Corporation provided earnings guidance for the year 2024 and 2025. For 2024, Company expects to generate EPS of $5.33 to $5.45 per share. For 2025, Company reaffirms EPS guidance range of $6.15 to $6.35. Reported Earnings • Feb 22
Full year 2023 earnings released: EPS: US$4.75 (vs US$5.07 in FY 2022) Full year 2023 results: EPS: US$4.75 (down from US$5.07 in FY 2022). Revenue: US$670.6m (down 1.5% from FY 2022). Net income: US$87.2m (down 2.9% from FY 2022). Profit margin: 13% (in line with FY 2022). Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year and the company’s share price has also increased by 4% per year. お知らせ • Feb 21
Chesapeake Utilities Corporation Declares Quarterly Cash Dividend, Payable on April 5, 2024 At their meeting held on February 20, 2024, the Board of Directors of Chesapeake Utilities Corporation declared a quarterly cash dividend of $0.59 per share on the Company's common stock. The $0.59 per share dividend will be paid on April 5, 2024 to all shareholders of record at the close of business on March 15, 2024. お知らせ • Feb 07
Chesapeake Utilities Corporation to Report Q4, 2023 Results on Feb 21, 2024 Chesapeake Utilities Corporation announced that they will report Q4, 2023 results After-Market on Feb 21, 2024 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.59 per share at 2.3% yield Eligible shareholders must have bought the stock before 14 December 2023. Payment date: 05 January 2024. Payout ratio is a comfortable 45% but the company is paying out more than the cash it is generating. Trailing yield: 2.3%. Lower than top quartile of German dividend payers (5.2%). Lower than average of industry peers (5.2%). お知らせ • Dec 02
Chesapeake Utilities Corporation completed the acquisition of Florida City Gas from NextEra Energy, Inc. for approximately $920 million. Chesapeake Utilities Corporation entered into a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for approximately $920 million on September 26, 2023. Upon closing of the transaction, which is expected to occur by the end of the fourth quarter of 2023, FCG will become a wholly owned subsidiary of Chesapeake Utilities. Chesapeake Utilities plans to finance the transaction with a mix of equity and long-term debt and it has obtained committed financing to fund the purchase price pursuant to a commitment letter entered into on September 26, 2023, with Barclays Bank PLC, which provides commitments for a 364-day bridge loan facility in an aggregate initial principal amount of $965 million. For year 2022, Florida City Gas had net income of $40 million. The transaction is expected to close by the end of the fourth quarter of 2023, subject to expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and regulatory approval. Barclays served as financial advisor to Chesapeake Utilities. Sebastian de la Puente, Drew Elphick, and Jake Shaughnessy of Shearman & Sterling and Baker Hostetler served as legal advisors to Chesapeake Utilities. Norton Rose Fulbright US LLP served as legal advisor to Florida Power & Light Company.
Chesapeake Utilities Corporation completed the acquisition of Florida City Gas from NextEra Energy, Inc. on November 30, 2023. New Risk • Nov 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (90% net debt to equity). Dividend is not well covered by cash flows (133% cash payout ratio). Shareholders have been diluted in the past year (22% increase in shares outstanding). Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$0.53 (vs US$0.55 in 3Q 2022) Third quarter 2023 results: EPS: US$0.53 (down from US$0.55 in 3Q 2022). Revenue: US$131.5m (flat on 3Q 2022). Net income: US$9.41m (down 2.6% from 3Q 2022). Profit margin: 7.2% (down from 7.4% in 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 1% per year. お知らせ • Oct 13
Chesapeake Utilities Corporation to Report Q3, 2023 Results on Nov 02, 2023 Chesapeake Utilities Corporation announced that they will report Q3, 2023 results After-Market on Nov 02, 2023 お知らせ • Sep 28
Chesapeake Utilities Corporation entered into a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for approximately $920 million. Chesapeake Utilities Corporation entered into a definitive agreement to acquire Florida City Gas from NextEra Energy, Inc. for approximately $920 million on September 26, 2023. Upon closing of the transaction, which is expected to occur by the end of the fourth quarter of 2023, FCG will become a wholly owned subsidiary of Chesapeake Utilities. Chesapeake Utilities plans to finance the transaction with a mix of equity and long-term debt and it has obtained committed financing to fund the purchase price pursuant to a commitment letter entered into on September 26, 2023, with Barclays Bank PLC, which provides commitments for a 364-day bridge loan facility in an aggregate initial principal amount of $965 million The transaction is expected to close by the end of the fourth quarter of 2023, subject to expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and regulatory approval. Barclays served as financial advisor to Chesapeake Utilities. Shearman & Sterling and Baker Hostetler served as legal advisors to Chesapeake Utilities. Norton Rose Fulbright US LLP served as legal advisor to Florida Power & Light Company Upcoming Dividend • Sep 07
Upcoming dividend of US$0.59 per share at 2.2% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 05 October 2023. Payout ratio is a comfortable 44% but the company is paying out more than the cash it is generating. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.2%). Reported Earnings • Aug 06
Second quarter 2023 earnings released: EPS: US$0.91 (vs US$0.96 in 2Q 2022) Second quarter 2023 results: EPS: US$0.91 (down from US$0.96 in 2Q 2022). Revenue: US$135.6m (down 2.8% from 2Q 2022). Net income: US$16.1m (down 5.4% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 8% per year whereas the company’s share price has increased by 12% per year. Recent Insider Transactions • Jun 30
Senior VP & COO recently sold €212k worth of stock On the 26th of June, Jeffrey Sylvester sold around 2k shares on-market at roughly €112 per share. This transaction amounted to 48% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jeffrey's only on-market trade for the last 12 months. お知らせ • Jun 29
Chesapeake Utilities Corporation to Report Q2, 2023 Results on Aug 03, 2023 Chesapeake Utilities Corporation announced that they will report Q2, 2023 results After-Market on Aug 03, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.59 per share at 1.8% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 05 July 2023. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.6%). お知らせ • May 05
Chesapeake Utilities Corporation Announces Board Appointments Chesapeake Utilities Corporation announces that the Board of Directors appointed Jeffry M. Householder, the Company's president and chief executive officer, as chair of the Board and Thomas J. Bresnan as the independent lead director of the Board, effective May 3, 2023. Bresnan has served as an independent director of the Company since 2001, chair of the audit committee since 2004, and a member of the investment committee since 2016. Householder succeeds John R. Schimkaitis, who has served as a director since 1996 and the chair of the Board since 2015. Calvert Morgan has served as chair of the corporate governance committee since 2006 and as a director of the Company for 23 years. Dennis S. Hudson, III succeeds Morgan as chair of the corporate governance committee effective May 3. Hudson has served as a director since 2009 and has extensive public company, leadership, governance and banking experience. Dianna Morgan has served as chair of the compensation committee since 2016 and as a director of the Company for more than 14 years. Lisa G. Bisaccia succeeds Morgan as chair of the compensation committee effective May 3. Bisaccia has served as a Director since 2021 and has extensive expertise in compensation, benefits, human capital management, and organizational diversity and inclusion. Reported Earnings • May 05
First quarter 2023 earnings released: EPS: US$2.05 (vs US$2.09 in 1Q 2022) First quarter 2023 results: EPS: US$2.05 (down from US$2.09 in 1Q 2022). Revenue: US$218.1m (down 2.1% from 1Q 2022). Net income: US$36.3m (down 1.6% from 1Q 2022). Profit margin: 17% (in line with 1Q 2022). Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 12% per year. お知らせ • May 04
Chesapeake Utilities Corporation Approves Quarterly Cash Dividend, Payable on July 5, 2023 Chesapeake Utilities Corporation at its meeting held on May 3, 2023, the Board of Directors voted to increase the quarterly cash dividend on the Company's common stock from $0.535 per share to $0.59 per share. The Board's action raises the 2023 annualized dividend by $0.22 from $2.14 to $2.36 per share, a 10.3% increase. The $0.59 per share dividend will be payable July 5, 2023 to all shareholders of record at the close of business on June 15, 2023. Recent Insider Transactions • Mar 18
Senior VP & Chief Development Officer recently sold €252k worth of stock On the 15th of March, Kevin Webber sold around 2k shares on-market at roughly €122 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €204k more than they bought in the last 12 months. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.54 per share at 1.7% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 05 April 2023. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 24
Full year 2022 earnings released: EPS: US$5.07 (vs US$4.75 in FY 2021) Full year 2022 results: EPS: US$5.07 (up from US$4.75 in FY 2021). Revenue: US$680.7m (up 19% from FY 2021). Net income: US$89.8m (up 7.6% from FY 2021). Profit margin: 13% (down from 15% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 16% per year. お知らせ • Feb 09
Chesapeake Utilities Corporation to Report Q4, 2022 Results on Feb 22, 2023 Chesapeake Utilities Corporation announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 22, 2023 Upcoming Dividend • Dec 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 December 2022. Payment date: 05 January 2023. Payout ratio is a comfortable 42% but the company is not cash flow positive. Trailing yield: 1.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.5%). Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €106, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 13x in the Gas Utilities industry in Europe. Total returns to shareholders of 38% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €57.40 per share. Reported Earnings • Nov 05
Third quarter 2022 earnings released: EPS: US$0.55 (vs US$0.71 in 3Q 2021) Third quarter 2022 results: EPS: US$0.55 (down from US$0.71 in 3Q 2021). Revenue: US$131.1m (up 22% from 3Q 2021). Net income: US$9.66m (down 23% from 3Q 2021). Profit margin: 7.4% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 September 2022. Payment date: 05 October 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.7%). Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.96 (vs US$0.79 in 2Q 2021) Second quarter 2022 results: EPS: US$0.96 (up from US$0.79 in 2Q 2021). Revenue: US$139.5m (up 26% from 2Q 2021). Net income: US$17.1m (up 23% from 2Q 2021). Profit margin: 12% (in line with 2Q 2021). Over the next year, revenue is forecast to grow 13% compared to a 11% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 07
Upcoming dividend of US$0.54 per share Eligible shareholders must have bought the stock before 14 June 2022. Payment date: 05 July 2022. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.9%). Reported Earnings • May 05
First quarter 2022 earnings released: EPS: US$2.09 (vs US$1.97 in 1Q 2021) First quarter 2022 results: EPS: US$2.09 (up from US$1.97 in 1Q 2021). Revenue: US$222.9m (up 17% from 1Q 2021). Net income: US$36.9m (up 7.1% from 1Q 2021). Profit margin: 17% (down from 18% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.4% compared to a 6.3% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 14 March 2022. Payment date: 05 April 2022. Payout ratio is a comfortable 40% but the company is not cash flow positive. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.5%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 25
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$4.75 (up from US$4.23 in FY 2020). Revenue: US$570.0m (up 17% from FY 2020). Net income: US$83.5m (up 18% from FY 2020). Profit margin: 15% (in line with FY 2020). Revenue missed analyst estimates by 7.7%. Over the next year, revenue is forecast to grow 19% compared to a 6.1% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 13% per year. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.48 per share Eligible shareholders must have bought the stock before 14 December 2021. Payment date: 05 January 2022. Payout ratio is a comfortable 39% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (5.4%).