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.
Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on May 4, 2023, at 8:30 a.m. ET, to discuss its financial results for the first quarter ending March 31, 2023. The earnings press release will be issued on May 3, 2023, after market close. Investors can access the call via live webcast on the company's website or by phone using the provided dial-in details. This call will include a question and answer session. Chesapeake Utilities is a diversified energy delivery company offering various sustainable energy solutions.
Chesapeake Utilities Corporation (NYSE: CPK) has completed an 11.3-mile natural gas pipeline expansion in Vero Beach, Florida, through its subsidiary, Peninsula Pipeline Company Inc. The $10.5 million project enhances natural gas capacity by interconnecting existing infrastructure and adding five new delivery points, including Wabasso and Indian River Shores. Expected annual adjusted gross margin is estimated at $1.8 million in 2023 and $2.5 million in subsequent years. This expansion aligns with the growing demand for energy in the region. Construction began in Q2 2022 and was completed on schedule and within budget.
Chesapeake Utilities reported a full year 2022 EPS of $5.04, up 6.6% from $4.73 in 2021, driven by net income growth of 7.6% to $89.8 million. The fourth quarter EPS was $1.47, a 14.8% increase year over year. Average ROE was 11.1% for 2022, marking the 18th consecutive year above 11%. Chesapeake received Florida natural gas rate case approval with an expected order in March 2023. The company updated its capital expenditure guidance for 2023 to $200 million to $230 million and long-term guidance to $900 million to $1.1 billion for capital expenditures through 2025.
Chesapeake Utilities Corporation (CPK) announced a quarterly cash dividend of
