CHESAPEAKE UTILITIES CORP reported the three months ended March 31, 2026 results: net income $59.3 million ($2.47 per share), EPS $2.47. Guidance reaffirmed.
“--- FOR IMMEDIATE RELEASE May 6, 2026 NYSE Symbol: CPK CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2026 RESULTS • Net income and earnings per share ("EPS")* were $59.3 million and $2.47, respectively, representing an EPS growth rate of 11.8 percent compared to the prior year • Adjusted gross margin** growth of $23.8 million during the first quarter of”
Debt Financings
CHESAPEAKE UTILITIES CORP amended revolving credit of $250 million with PNC Bank National Association, Citizens Bank N.A., Manufacturers and Traders Trust Company, Royal Bank of Canada, CoBank, ACB, and Barclays Bank PLC at unchanged maturing August 4, 2026.
“Pursuant to the terms of the Credit Agreement the Company and the participating lenders which included PNC Bank National Association, Citizens Bank N.A., Manufacturers and Traders Trust Company, Royal Bank of Canada, CoBank, ACB, and Barclays Bank PLC have exercised one of the three one-year extension options for the $250 million 364-Day Revolver. The new maturity date for the 364-Day Revolver is August 4, 2026, with all other terms and conditions remaining unchanged.”
Debt Financings
CHESAPEAKE UTILITIES CORP incurred senior notes of $200 million aggregate principal amount (Series 2025-A $60M, Series 2025-B $90M, Series 2025-C $50M) with the Purchasers named therein at 4.88% Series 2025-A, 5.16% Series 2025-B, 5.02% Series 2025-C maturing Series 2025-A due August 1, 2028; Series 2025-B due August 1, 2031; Series 2025-C due September 15, 2030.
“On August 1, 2025, the Company and the Purchasers executed the Note Purchase Agreement which authorized the sale and purchase of $200 million of aggregate principal amount of unsecured senior notes (the “Senior Notes”). $150 million of the Senior Notes closed and funded on August 1, 2025 and $50 million is expected to close and fund on September 15, 2025. The Senior Notes consist of (a) $60 million aggregate principal amount of 4.88% Series 2025-A Senior Notes due August 1, 2028 (the "Series 2025-A Notes"), (b) $90 million aggregate principal amount of 5.16% Series 2025-B Senior Notes due August 1, 2031 (the "Series 2025-B Notes"), and $50 million aggregate principal amount of 5.02% Series 2025-C Senior Notes due September 15, 2030 (the "Series 2025-C Notes").”
Shareholder Votes
CHESAPEAKE UTILITIES CORP shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-08 meeting.
“The stockholders voted to ratify, on the advisory non-binding proposal, the appointment of Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.”
Shareholder Votes
CHESAPEAKE UTILITIES CORP shareholders approved Advisory approval of named executive officer compensation (Say-on-Pay Proposal) at the 2024-05-08 meeting.
“The stockholders voted to approve, on an advisory non-binding basis, the compensation of our named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission (the “Say-on-Pay Proposal”).”
Shareholder Votes
CHESAPEAKE UTILITIES CORP shareholders approved Election of three Class I director nominees at the 2024-05-08 meeting.
“The stockholders voted on the election of three Class I director nominees, each of whom was elected to the Company’s Board to serve a three-year term ending in 2027 and until their successors are elected and qualified.”
Earnings Releases
CHESAPEAKE UTILITIES CORP updated its the quarter ended March 31, 2024 guidance (reaffirmed).
“The Company continues to support its 2024 EPS guidance of $5.33 to $5.45 in adjusted earnings per share”
Earnings Releases
CHESAPEAKE UTILITIES CORP reported the quarter ended March 31, 2024 results: net income $46.2 million, EPS $2.07.
“Net income for the first quarter of 2024 was $46.2 million compared to $36.3 million in the first quarter of 2023.”
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.
“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.”
“On February 21, 2024 , Chesapeake Utilities Corporation issued a press release announcing its financial results for the twelve months ended December 31, 2023.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.