Highest-materiality recent filing
Chesapeake sells 49% stake in Florida Energy Pathway to NextEra; project ~$1.2B
Peninsula retains 51% of Florida Energy Pathway JV; NextEra Energy Resources acquires 49% minority interest.
Chesapeake Utilities Q2 EPS $1.05, raises 2026 capex to $550-600M, unveils $1.2B FEP project
Q2 net income $25.4M ($1.05 diluted EPS); YTD net income $84.7M ($3.51 diluted EPS).
Chesapeake Utilities announces $1.2B Florida Energy Pathway natural gas pipeline project
24-inch intrastate pipeline from Palm Beach to Miami-Dade County; in-service target 2030.
Chesapeake Utilities Q1 net income $59.3M, EPS $2.47, up 11.8% YoY
Net income $59.3M ($2.47 EPS) vs $50.9M ($2.21 EPS) in Q1 2025; adjusted EPS also $2.47.
Chesapeake Utilities reports FY2025 adjusted EPS $6.01, up 11.5% YoY; record capex $470M
Adjusted EPS $6.01 for FY2025, up 11.5% YoY vs $5.39; GAAP EPS $5.97.
Chesapeake Utilities Q3 net income $19.4M, EPS $0.82; reaffirms FY25 EPS $6.15-$6.35
Q3 2025 adjusted net income $19.5M ($0.82 EPS) vs $18.1M ($0.80) in Q3 2024; net income $19.4M ($0.82).
Chesapeake Utilities Q2 EPS $1.04 adj, up 21% YoY; raises 2025 capex guide
Q2 net income $23.9M ($1.02 EPS); adj. net income $24.3M ($1.04 EPS) vs $0.86 adj. EPS in Q2 2024, growth of 20.9%.
Chesapeake Utilities Q1 net income rises to $50.9M; reaffirms 2025 EPS guidance
Net income $50.9M ($2.21 EPS) vs $46.2M ($2.07) in Q1 2024; adjusted EPS $2.22 vs $2.10.
Chesapeake Utilities FY2024 adj EPS $5.39, reaffirms 2025 guidance $6.15-$6.35
FY2024 net income $118.6M ($5.26 EPS); adjusted net income $121.5M ($5.39 adj EPS), vs $97.8M ($5.31) in 2023.
Chesapeake Utilities launches $100M at-the-market equity offering program
Up to $100M in common stock may be sold via ATM program; 10 sales agents appointed including RBC and Barclays.
Chesapeake Utilities Q3 adj EPS $0.80 (+16% YoY); FY2024 adj EPS guidance reaffirmed $5.33-$5.45
Q3 2024 net income $17.5M ($0.78 diluted EPS); adjusted net income $18.1M ($0.80 adj EPS).
Chesapeake Utilities Q2 adjusted net income $19.3M ($0.86 EPS), affirms FY2024 guidance
Q2 2024 net income $18.3M ($0.82 EPS); adjusted net income $19.3M ($0.86 EPS) vs $16.1M ($0.90) prior year.
Chesapeake Utilities Q1 adjusted EPS $2.10, up 3% YoY; reaffirms 2024 guidance $5.33-$5.45
Q1 adjusted EPS $2.10 (up from $2.04); GAAP EPS $2.07; net income $46.2M vs $36.3M.
Chesapeake Utilities FY 2023 adj EPS $5.31, up 5.4%; guides 2024 EPS $5.33-$5.45
Adjusted EPS for FY 2023 was $5.31 (up 5.4% vs $5.04); GAAP EPS $4.73 includes $0.58 FCG acquisition costs.
Chesapeake Utilities closes FCG acquisition for $923M; pro forma EPS shows dilution
Acquired Pivotal Utility Holdings (Florida City Gas) for $923.4M cash, closed Nov 30, 2023.
Chesapeake Utilities completes $923.4M acquisition of Florida City Gas from FPL
Purchase price ~$923.4M cash; funded via $550M senior notes, equity offering, and revolving credit facility.
Chesapeake Utilities enters $550M note purchase agreement to fund Florida City Gas acquisition
$550M principal of senior notes issued in six series with maturities 2026-2038 and interest rates 6.39%-6.73%.
Chesapeake Utilities raises $367M in public offering of 4.44M shares at $85.50/share
Company sold 3,859,649 shares directly to underwriters at $82.72125/share; 30-day option for 578,947 additional shares exercised in full.
Chesapeake Utilities gets HSR clearance, expects FCG acquisition close in Q4 2023
Hart-Scott-Rodino waiting period expired Nov 6, 2023; regulatory financing approvals received.
Chesapeake Utilities Q3 adjusted EPS up 28% to $0.69; FCG acquisition on track for Q4 close
Q3 GAAP EPS $0.53 (vs $0.54 prior year); adjusted EPS $0.69 (up 28%).
Chesapeake Utilities to acquire Florida City Gas for $923.4M cash, expanding FL footprint
Acquisition of ~120,000-customer FCG from NextEra Energy (NEE) for $923.4M cash; close expected Q4 2023.
Chesapeake Utilities amends credit agreement, adds $175M short-term capacity
Second Amendment provides $175M short-term debt capacity under 364-day facility expiring Aug 8, 2024.
Chesapeake Utilities Q1 EPS $2.04 vs $2.08 YoY; net income $36.3M; guidance reaffirmed
Net income of $36.3M ($2.04 diluted EPS) vs $36.9M ($2.08) in Q1 2022; weather cut EPS by $0.29.
Chesapeake Utilities reports record FY2022 EPS $5.04, raises 2025 EPS guidance to $6.15-$6.35
Full year 2022 EPS $5.04, up 6.6% from $4.73; net income $89.8M, up 7.6%.
Chesapeake Utilities Q3 EPS falls to $0.54; YTD EPS rises 3.8% to $3.58
YTD net income $63.6M, EPS $3.58 (up 3.8% YoY); Q3 net income $9.7M, EPS $0.54 vs $0.71 prior-year.
On July 21, 2022, the Board of Directors (the "Board") of Chesapeake Utilities Corporation (the "Company") increased the size of the Board from eleven to thirteen directors and appointed Sheree M. Petrone and Stephanie N. Gary to serve on the Board, effective July 22, 2022.
On July 21, 2022, the Board of Directors (the "Board") of Chesapeake Utilities Corporation (the "Company") increased the size of the Board from eleven to thirteen directors and appointed Sheree M. Petrone and Stephanie N. Gary to serve on the Board, effective July 22, 2022.
On December 20, 2021, Chesapeake Utilities Corporation (the “Company”) announced that Jeffrey S. Sylvester was appointed as Chief Operating Officer, effective January 1, 2022.
appointed Lisa G. Bisaccia to fill the resulting vacancy, effective October 15, 2021.
Max materiality 0.90 · Median 0.57 · Most common event earnings