---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-005941"
form_type: "8-K"
ticker: "CPK"
cik: "0000019745"
company_name: "CHESAPEAKE UTILITIES CORP"
filed_at: "2024-02-21T23:59:59+00:00"
generated_at: "2026-06-05T22:25:45.932681+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Chesapeake Utilities FY 2023 adj EPS $5.31, up 5.4%; guides 2024 EPS $5.33-$5.45

## Summary
- Adjusted EPS for FY 2023 was $5.31 (up 5.4% vs $5.04); GAAP EPS $4.73 includes $0.58 FCG acquisition costs.
- Q4 2023 adjusted EPS $1.64 (+12% YoY); GAAP EPS $1.26.
- Completed FCG acquisition for $923.4M cash on Nov 30, 2023; adds ~120K customers in Florida.
- Introduced 2024 EPS guidance $5.33-$5.45; reaffirmed 2025 $6.15-$6.35 and 2028 $7.75-$8.00.
- Adjusted gross margin increased $33.9M in 2023; warmer weather reduced EPS by ~$0.54 for the year.

## SEC filing metadata
- accession: 0001628280-24-005941
- form_type: 8-K
- ticker: CPK
- cik: 0000019745
- company_name: CHESAPEAKE UTILITIES CORP
- filed_at: 2024-02-21T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/0001628280-24-005941-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/cpk-20240221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-005941
- JSON: https://secwatch.observer/filing/0001628280-24-005941.json
- Plain text: https://secwatch.observer/filing/0001628280-24-005941.txt

## Key facts
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported year and the fourth quarter ended December 31, 2023 results: net income adjusted net income** ... was $97.8 million, EPS Adjusted EPS** for the year ended December 31, 2023 was $5.31. Guidance reaffirmed.
  - Period: year and the fourth quarter ended December 31, 2023
  - Net income: adjusted net income** ... was $97.8 million
  - EPS: Adjusted EPS** for the year ended December 31, 2023 was $5.31
  - Guidance: reaffirmed
  - Result: reported results
  source text: For 2023, adjusted net income**, which excludes transaction-related expenses related to the acquisition of FCG, was $97.8 million compared to $89.8 million in 2022, representing approximately 9 percent growth. Adjusted EPS** for the year ended December 31, 2023 was $5.31 compared to $5.04 per share reported in the prior-year, representing growth of more than 5 percent.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/0001628280-24-005941-index.htm
- Earnings Releases
  CHESAPEAKE UTILITIES CORP reported twelve months ended December 31, 2023 results: EPS $4.73.
  - Period: twelve months ended December 31, 2023
  - EPS: $4.73
  - Result: reported results
  source text: On February 21, 2024 , Chesapeake Utilities Corporation issued a press release announcing its financial results for the twelve months ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/19745/000162828024005941/0001628280-24-005941-index.htm

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