---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-027318"
form_type: "8-K"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:41:02.562590+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Utilities Q2 2023 EPS $0.90 vs $0.96; operating income up 7.1%

## Summary
- Q2 2023 EPS of $0.90 vs $0.96 in Q2 2022 which included a $0.08 non-recurring gain.
- Operating income grew 7.1% to $28.3M; adjusted gross margin rose $7.4M on regulatory initiatives and organic growth.
- Weather reduced EPS by ~$0.09 in Q2 and $0.38 year-to-date; customer growth at Delmarva 5.5%, Florida 4.0%.
- Reaffirmed 2023 capex guidance of $200M-230M; long-term EPS guidance for 2025 at $6.15-$6.35 per share.

## SEC filing metadata
- accession: 0001628280-23-027318
- form_type: 8-K
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/0001628280-23-027318-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/cpk-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-027318
- JSON: https://secwatch.observer/filing/0001628280-23-027318.json
- Plain text: https://secwatch.observer/filing/0001628280-23-027318.txt

## Key facts
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported second quarter of 2023 results: net income $16.1 million, EPS $0.90.
  - Period: second quarter of 2023
  - Net income: $16.1 million
  - EPS: $0.90
  - Result: reported results
  source text: In the second quarter of 2023, the Company's net income was $16.1 million, compared to $17.1 million reported in the same quarter of 2022. EPS in the quarter was $0.90 per share, compared to $0.96 per share reported in the same prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/0001628280-23-027318-index.htm
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported 2025 results: EPS $6.15 to $6.35 per share. Guidance reaffirmed.
  - Period: 2025
  - EPS: $6.15 to $6.35 per share
  - Guidance: reaffirmed
  - Result: guidance update
  source text: The Company's capital expenditures guidance ranges from $900 million to $1.1 billion for the five years ended 2025, while the EPS guidance range is $6.15 to $6.35 per share for 2025.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/0001628280-23-027318-index.htm
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported six months ended June 30, 2023 results: net income $52.5 million, EPS $2.94.
  - Period: six months ended June 30, 2023
  - Net income: $52.5 million
  - EPS: $2.94
  - Result: reported results
  source text: For the first half of 2023, net income was $52.5 million compared to $54.0 million for the same period in 2022. EPS for the first half of 2023 was $2.94 compared to $3.04 per share reported in the same prior-year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/0001628280-23-027318-index.htm
- Earnings Releases
  CHESAPEAKE UTILITIES CORP updated its 2023 guidance (reaffirmed).
  - Period: 2023
  - Guidance: reaffirmed
  - Result: guidance update
  source text: Capital expenditures for the six months ended June 30, 2023 were $91.9 million, and the full year estimate for 2023 continues to range from $200 million to $230 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828023027318/0001628280-23-027318-index.htm

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