Live nieuws • May 08
Chesapeake Utilities Q1 Profit and Revenue Outlook Supported by Florida Rate Case Filing Chesapeake Utilities reported Q1 2026 net income of $59.3 million and earnings per share of $2.47, with EPS 11.8% above the prior period.
The company reaffirmed 2026 capital expenditure guidance of $450 to $500 million and a five-year capex range of $1.5 to $1.8 billion, along with 2028 EPS guidance of $7.75 to $8.00.
Florida City Gas filed a general rate case with the Florida Public Service Commission seeking a $47 million revenue increase and $16.2 million in interim relief.
For investors, the combination of higher Q1 earnings, reaffirmed spending plans and longer-term EPS guidance indicates that management is maintaining its current growth and investment framework. The contribution from both regulated and unregulated segments, together with the impact of transmission expansions, infrastructure programs and regulatory initiatives, shows that the business is relying on multiple drivers rather than a single line of activity.
The Florida City Gas rate case is also important to watch. If approved as filed, the proposed $47 million revenue increase and interim relief request of $16.2 million would support higher allowed revenues from the Florida operations, which are already benefiting from colder weather and higher customer consumption. Investors may next focus on the pace and outcome of the regulatory process and how that aligns with Chesapeake Utilities’ capex plans and 2028 EPS objectives. Aankondiging • 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. Reported Earnings • May 07
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$2.48 (up from US$2.22 in 1Q 2025). Revenue: US$353.1m (up 18% from 1Q 2025). Net income: US$59.3m (up 17% from 1Q 2025). Profit margin: 17% (in line with 1Q 2025). Revenue exceeded analyst estimates by 9.6%. Earnings per share (EPS) also surpassed analyst estimates by 9.8%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Aankondiging • 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 Aankondiging • 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. Aankondiging • Mar 26
Chesapeake Utilities Corporation, Annual General Meeting, May 06, 2026 Chesapeake Utilities Corporation, Annual General Meeting, May 06, 2026. Declared Dividend • Mar 01
Fourth quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 16th March 2026 Payment date: 6th April 2026 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. 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 9.8% 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 • Feb 26
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: US$6.00 (up from US$5.28 in FY 2024). Revenue: US$930.0m (up 18% from FY 2024). Net income: US$140.3m (up 18% from FY 2024). Profit margin: 15% (in line with FY 2024). Revenue exceeded analyst estimates by 6.4%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Gas Utilities industry in the US. 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 2% per year. Aankondiging • 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. Aankondiging • 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 Aankondiging • 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. Recent Insider Transactions • Dec 21
President recently sold US$1.6m worth of stock On the 17th of December, Jeffry Householder sold around 13k shares on-market at roughly US$127 per share. This transaction amounted to 27% 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 Jeffry's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Dec 16
President notifies of intention to sell stock Jeffry Householder intends to sell 25k shares in the next 90 days after lodging an Intent To Sell Form on the 15th of December. If the sale is conducted around the recent share price of US$125, it would amount to US$3.1m. For the year to December 2018, Jeffry's total compensation was 20% salary and 80% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Jeffry's direct individual holding has increased from 43.69k shares to 53.71k. Company insiders have collectively sold US$798k more than they bought, via options and on-market transactions in the last 12 months. Upcoming Dividend • Dec 08
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 15 December 2025. Payment date: 05 January 2026. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.1%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.1%). Price Target Changed • Nov 19
Price target increased by 7.0% to US$148 Up from US$138, the current price target is an average from 5 analysts. New target price is 8.8% above last closing price of US$136. Stock is up 5.1% over the past year. The company is forecast to post earnings per share of US$6.16 for next year compared to US$5.28 last year. Aankondiging • 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. Declared Dividend • Nov 10
Third quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 15th December 2025 Payment date: 5th January 2026 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. 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 9.8% 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 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 07
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.82 (up from US$0.78 in 3Q 2024). Revenue: US$179.6m (up 12% from 3Q 2024). Net income: US$19.4m (up 11% from 3Q 2024). Profit margin: 11% (in line with 3Q 2024). Revenue exceeded analyst estimates by 36%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Aankondiging • 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. Aankondiging • 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 Recent Insider Transactions • Sep 30
Executive VP recently sold US$661k worth of stock On the 25th of September, Beth Cooper sold around 5k shares on-market at roughly US$132 per share. This transaction amounted to 6.2% 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 Beth's only on-market trade for the last 12 months. Recent Insider Transactions Derivative • Sep 25
Executive VP notifies of intention to sell stock Beth Cooper intends to sell 5k shares in the next 90 days after lodging an Intent To Sell Form on the 24th of September. If the sale is conducted around the recent share price of US$129, it would amount to US$645k. Since December 2024, Beth's direct individual holding has increased from 79.05k shares to 83.16k. There have been no trades via on-market transactions or options from company insiders in the last 12 months. Aankondiging • 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. Upcoming Dividend • Sep 08
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 15 September 2025. Payment date: 06 October 2025. Payout ratio is a comfortable 46% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of American dividend payers (4.4%). Lower than average of industry peers (3.1%). Declared Dividend • Aug 11
Second quarter dividend of US$0.69 announced Shareholders will receive a dividend of US$0.69. Ex-date: 15th September 2025 Payment date: 6th October 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (46% 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 9.8% 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 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 10
Second quarter 2025 earnings: EPS in line with analyst expectations despite revenue beat Second quarter 2025 results: EPS: US$1.03 (up from US$0.82 in 2Q 2024). Revenue: US$192.8m (up 16% from 2Q 2024). Net income: US$23.9m (up 31% from 2Q 2024). Profit margin: 12% (up from 11% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.7%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • 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. Aankondiging • 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. Board Change • Aug 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Sheree Petrone was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • 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 Upcoming Dividend • Jun 09
Upcoming dividend of US$0.69 per share Eligible shareholders must have bought the stock before 16 June 2025. Payment date: 07 July 2025. Payout ratio is a comfortable 47% but the company is not cash flow positive. Trailing yield: 2.3%. Lower than top quartile of American dividend payers (4.8%). Lower than average of industry peers (3.2%). Aankondiging • 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. Declared Dividend • May 11
First quarter dividend increased to US$0.69 Dividend of US$0.69 is 7.0% higher than last year. Ex-date: 16th June 2025 Payment date: 7th July 2025 Dividend yield will be 2.1%, which is lower than the industry average of 4.0%. 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 9.0% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 08
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$2.22 (up from US$2.08 in 1Q 2024). Revenue: US$298.7m (up 22% from 1Q 2024). Net income: US$50.9m (up 10% from 1Q 2024). Profit margin: 17% (down from 19% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 20%. Earnings per share (EPS) also surpassed analyst estimates by 1.8%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 1% per year. Aankondiging • 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 Aankondiging • Mar 18
Chesapeake Utilities Corporation, Annual General Meeting, May 07, 2025 Chesapeake Utilities Corporation, Annual General Meeting, May 07, 2025. Declared Dividend • Mar 02
Fourth quarter dividend of US$0.64 announced Shareholders will receive a dividend of US$0.64. Ex-date: 14th March 2025 Payment date: 7th April 2025 Dividend yield will be 2.0%, which is lower than the industry average of 4.0%. Sustainability & Growth Dividend is covered by earnings (48% 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 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: US$5.28 (up from US$4.75 in FY 2023). Revenue: US$787.2m (up 17% from FY 2023). Net income: US$118.6m (up 36% from FY 2023). Profit margin: 15% (up from 13% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) exceeded analyst estimates by 1.4%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Aankondiging • 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 Upcoming Dividend • Dec 09
Upcoming dividend of US$0.64 per share Eligible shareholders must have bought the stock before 16 December 2024. Payment date: 06 January 2025. Payout ratio is a comfortable 50% but the company is not cash flow positive. Trailing yield: 2.0%. Lower than top quartile of American dividend payers (4.3%). Lower than average of industry peers (3.3%). Aankondiging • 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 4.0%. 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: EPS exceeds analyst expectations while revenues lag behind 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 missed analyst estimates by 6.8%. Earnings per share (EPS) exceeded analyst estimates by 23%. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has remained flat whereas the company’s share price has fallen by 2% per year. Aankondiging • 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 American dividend payers (4.4%). Lower than average of industry peers (3.6%). Recent Insider Transactions • Aug 16
Independent Director recently sold US$2.0m worth of stock On the 13th of August, Paul Maddock sold around 18k shares on-market at roughly US$114 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 US$2.0m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Aug 14
Independent Director notifies of intention to sell stock Paul Maddock intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 12th of August. If the sale is conducted around the recent share price of US$114, it would amount to US$1.1m. Since December 2023, Paul's direct individual holding has increased from 52.04k shares to 52.94k. Company insiders have collectively sold US$1.7k more than they bought, via options and on-market transactions 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 2.2%, which is lower than the industry average of 4.0%. 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: EPS in line with expectations, revenues disappoint 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 missed analyst estimates by 15%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Gas Utilities industry in the US. Aankondiging • 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. Aankondiging • 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 Aankondiging • 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 American dividend payers (4.7%). Lower than average of industry peers (3.9%). Declared Dividend • May 12
First quarter dividend increased to US$0.64 Dividend of US$0.64 is 8.5% higher than last year. Ex-date: 14th June 2024 Payment date: 5th July 2024 Dividend yield will be 2.2%, which is lower than the industry average of 4.0%. 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: EPS and revenues miss analyst expectations 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 missed analyst estimates by 12%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Aankondiging • 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. Aankondiging • 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. Aankondiging • 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 American dividend payers (4.7%). Lower than average of industry peers (3.9%). Declared Dividend • Feb 23
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 4.0%. Sustainability & Growth Dividend is covered by earnings (49% earnings payout ratio) but not covered by cash flows (137% 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 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Feb 22
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 15% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (15% operating cash flow to total debt). Minor Risks Dividend is not well covered by cash flows (137% cash payout ratio). Shareholders have been diluted in the past year (25% increase in shares outstanding). Reported Earnings • Feb 22
Full year 2023 earnings: EPS and revenues miss analyst expectations 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 missed analyst estimates by 4.0%. Earnings per share (EPS) also missed analyst estimates by 7.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Gas Utilities industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has fallen by 1% per year. 
