---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-033905"
form_type: "8-K/A"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:50:08.565011+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Utilities closes FCG acquisition for $923M; pro forma EPS shows dilution

## Summary
- Acquired Pivotal Utility Holdings (Florida City Gas) for $923.4M cash, closed Nov 30, 2023.
- Financed with $550M senior notes at 6.54% avg rate, 4.44M new shares, and revolver draws.
- Pro forma net income for 9mo Sep 2023: $64.7M vs CPK standalone $61.9M; diluted EPS $2.91 vs $3.47 standalone.
- Pro forma net income for FY2022: $81.5M vs CPK standalone $89.8M; diluted EPS $3.66 vs $5.04 standalone.
- Goodwill of $463M recorded; total pro forma assets $3.24B as of Sep 30, 2023.

## SEC filing metadata
- accession: 0001193125-24-033905
- form_type: 8-K/A
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000119312524033905/0001193125-24-033905-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000119312524033905/d745966d8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-033905
- JSON: https://secwatch.observer/filing/0001193125-24-033905.json
- Plain text: https://secwatch.observer/filing/0001193125-24-033905.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.