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Chesapeake Utils Corp - CPK STOCK NEWS

Welcome to our dedicated page for Chesapeake Utils news (Ticker: CPK), a resource for investors and traders seeking the latest updates and insights on Chesapeake Utils stock.

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy provider delivering natural gas, electricity, and propane services across regulated and unregulated markets. This page aggregates official news, press releases, and regulatory updates essential for tracking the company's strategic initiatives and market position.

Investors and stakeholders will find timely updates on earnings announcements, infrastructure expansions, and sustainability projects like renewable natural gas initiatives. Media professionals can access primary-source materials including rate case filings and operational milestones across CPK's service territories in Delaware, Florida, and Ohio.

The curated collection features updates on key business segments: regulated energy distribution under state oversight, propane and CNG operations, and emerging renewable energy solutions. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.

Bookmark this page for direct access to Chesapeake Utilities' latest developments, including pipeline safety programs, customer growth metrics, and regulatory approvals. Check back regularly for comprehensive coverage of this energy provider's evolving service offerings and market strategies.

Rhea-AI Summary
Chesapeake Utilities Corporation (CPK) will host a conference call on February 22, 2024, to discuss its financial results for the fourth quarter and full year ended December 31, 2023. The company offers sustainable energy solutions through natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. The earnings press release will be issued on February 21, 2024, after market close. Investors and analysts can participate via phone or live webcast. Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
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Chesapeake Utilities Corporation (CPK) broke ground for its second safety training facility in DeBary, Florida, to serve its Florida subsidiaries Florida Public Utilities (FPU) and Florida City Gas (FCG). The facility will provide immersive safety training experiences for employees and first responders, with a focus on natural gas, propane, and electric workers. The company's commitment to safety and community care is reflected in the initiative, with the facility set to be completed in Q4 2024.
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Chesapeake Utilities Corporation (CPK) Acquires Propane Operating Assets of J.T. Lee and Son's in North Carolina
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Chesapeake Utilities Corporation (NYSE: CPK) completes acquisition of Florida City Gas, doubling operations in high-growth Florida and expanding regulated utility business mix.
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Chesapeake Utilities Corporation (NYSE: CPK) to present at Sidoti December Virtual Investor Conference
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Chesapeake Utilities Corporation (NYSE: CPK) announced the pricing of an underwritten public offering of 3,859,649 shares of its common stock at an offering price of $85.50 per share. The underwriters have a 30-day option to purchase up to 578,947 additional shares. The net proceeds from the offering, after deducting underwriting discounts and commissions, are expected to be $319.2 million. The funds will be used to partially fund the acquisition of Florida City Gas and to pay related fees and expenses.
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Chesapeake Utilities Corporation (NYSE: CPK) announces a $330,000,000 public offering of common stock to fund the acquisition of Florida City Gas. The offering includes a 30-day option for underwriters to purchase an additional $49,500,000 of shares. Barclays Capital Inc., RBC Capital Markets, LLC, and Wells Fargo Securities, LLC are the joint lead book-running managers for the offering.
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Chesapeake Utilities Corporation announced its financial results for Q3 2023, reporting an EPS of $0.53 compared to $0.54 in Q3 2022. Adjusted EPS, excluding transaction-related expenses, increased by 28% to $0.69. Year-to-date EPS was $3.47 compared to $3.58 in the prior year. Adjusted EPS for the nine months ended September 30, 2023, was $3.63. The company entered into an agreement to acquire Florida City Gas for approximately $923 million.
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Chesapeake Utilities Corporation (NYSE: CPK) has declared a quarterly cash dividend of $0.59 per share on the Company's common stock. The dividend will be paid on January 5, 2024, to all shareholders of record at the close of business on December 15, 2023. Chesapeake has been paying dividends without interruption for 63 years and has increased its annualized dividend every year since 2004.
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Chesapeake Utilities Corporation partners with the Mid-Atlantic Clean Hydrogen Hub (MACH2™) to advance the lower-carbon economy transition. MACH2™ receives $750 million in funding from the DOE's Office of Clean Energy Demonstrations. Chesapeake Utilities will focus on hydrogen production, transportation, safety, and workforce training. The Mid-Atlantic region's existing infrastructure and feedstock resources provide cost advantages and growth potential for hydrogen.
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Chesapeake Utils Corp

NYSE:CPK

CPK Rankings

CPK Stock Data

3.12B
22.59M
2.07%
87.22%
1.47%
Utilities - Regulated Gas
Natural Gas Transmission & Distribution
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United States
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