---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-015264"
form_type: "8-K"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:46:42.398527+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Utilities Q1 EPS $2.04 vs $2.08 YoY; net income $36.3M; guidance reaffirmed

## Summary
- Net income of $36.3M ($2.04 diluted EPS) vs $36.9M ($2.08) in Q1 2022; weather cut EPS by $0.29.
- Florida natural gas base rate case finalized; new permanent rates effective March 1, 2023.
- Organic residential customer growth of 5.8% (Delmarva) and 4.4% (Florida) driven by demand.
- 2025 EPS guidance reaffirmed at $6.15–$6.35; 2023 capital expenditure guidance $200M–$230M.
- Higher interest costs and warmer weather offset by propane margins, CNG/RNG/LNG services and pipeline expansions.

## SEC filing metadata
- accession: 0001628280-23-015264
- form_type: 8-K
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000162828023015264/0001628280-23-015264-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000162828023015264/cpk-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-015264
- JSON: https://secwatch.observer/filing/0001628280-23-015264.json
- Plain text: https://secwatch.observer/filing/0001628280-23-015264.txt

## Key facts
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported the quarter ended March 31, 2023 results: net income $36.3 million, EPS $2.04 per share. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Net income: $36.3 million
  - EPS: $2.04 per share
  - Guidance: reaffirmed
  - Result: reported results
  source text: The Company's net income for the quarter ended March 31, 2023 was $36.3 million, compared to $36.9 million reported in the same quarter of 2022. Diluted EPS in the quarter was $2.04 per share, compared to $2.08 per share reported in the same prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828023015264/0001628280-23-015264-index.htm

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