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Chesapeake Utilities Corporation

CPK

Utilities · 131.22 +0.6% today

Participation confirmed · construction unavailableMarket checked 11 Sept, 12:25 GMT-4

Market read

Chesapeake Utilities Corporation's move is spreading beyond its market group.

The latest filing is mixed. 6 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

What changed
  • Revenue increased 4.7% versus the comparable filing period.
Company+0.6% todayVolume comparison unavailable
Market group6 of 12 activeRegulated Water Utilities · inactive
Disclosed network0 of 3 confirmingNo filing-linked name is confirming now
What would change this read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • NFG remains aligned with the group in the next market snapshot.

Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.

Watch this read

Research brief

The story so far

Utilities · Utilities - Regulated Gas

The latest filing is mixed. 6 of 12 group members are active now; 1 filing-linked outsider is moving with the group, and 0 of 3 directly disclosed connections are confirming.

Evidence that supports
  • Revenue increased 4.7% versus the comparable filing period.
Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • At least 8 of 12 durable members become active together.
  • Capital-flow agreement rises above 55%.
  • NFG remains aligned with the group in the next market snapshot.

Company research

Understand the business, not just the ticker

As of Sep 11, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations327
Usable filing statements148
Verified relationships3
Evidence supporting the case
  • Latest annual revenue changed +18.1% year over year.
  • Energy and commodity prices has repeated favorable evidence across 5 filings.
  • Demand and volume has repeated favorable evidence across 4 filings.
Evidence challenging the case
  • Operating margin changed -1.5 percentage points in the latest annual period.
  • Diluted shares increased 4.2% in the latest annual period.
Questions before a position

No credible peer-relative valuation comparison is available yet.

Longer-term price context

Price as of Sep 10, 2026

129.57
6m+0.8%12m+4.3%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2021-12-31$570.0M+16.7%$4.73+5.1%
2022-12-31$680.7M+19.4%$5.04+1.0%
2023-12-31$670.6M-1.5%$4.73+3.5%
2024-12-31$787.2M+17.4%$5.26+22.2%
2025-12-31$930.0M+18.1%$5.97+4.2%

What management says matters

Persistent and emerging business drivers

Credit and interest ratesmixed · 5 filings
Cash Flows Provided by Financing Activities Net cash provided by financing activities totaled $49.9 million during the six months ended June 30, 2026 and was largely impacted by the following: • Net borrowings under the Revolver of $81.0 million; • Proceeds f…
10-Q · Aug 6, 2026
Energy and commodity pricespositive · 5 filings
We normally generate a large portion of our annual net income and subsequent increases in our accounts receivable in the first and fourth quarters of each year due to significant volumes of natural gas, electricity, and propane delivered by our distribution o…
10-Q · Aug 6, 2026
Demand and volumepositive · 4 filings
The decrease in gross margin was primarily attributable to lower volumes associated with our CNG, RNG and LNG transportation and hold services partially offset by improved margins from our propane distribution business.
10-Q · Aug 6, 2026
Legal and regulatory exposurepositive · 4 filings
The increase in adjusted gross margin in the first quarter of 2026 was primarily driven by incremental margin from regulatory initiatives and infrastructure programs, pipeline expansion projects and natural gas organic growth, increased customer consumption r…
10-Q · May 6, 2026

Valuation discipline

Peer-relative valuation withheld

Jodie found no industry-matched filing peers suitable for a valuation comparison. It will not substitute broader financial-sector names.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

131.22+0.6% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 12:25 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CPK. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Latest filing assessment

The latest filing presents a mixed picture

10-Q filed 2026-08-06 against the comparable filing from 2025-08-07.

mixed
OperationsmixedEvidence score +1
liquidityneutralEvidence score 0
valuationmixed

Capital and cash conversion

Reported investment and cash context

Capital spending YoY
+24.8%
Capital spending / revenue
+48.1%
Free-cash-flow margin
-9.6%
FCF margin change
+5.6 pts

Capex, revenue, and operating cash flow are matched to the same reported duration. Reported accounting context, not a forecast or trading recommendation.

What improved

  • Revenue increased 4.7% versus the comparable filing period.

What weakened

No thresholded deterioration was identified.

Filing receipts

The increase was partially offset by lower interest expense resulting from reduced average outstanding Revolver borrowings, scheduled debt repayments, and higher capitalized interest compared to the prior-year period.

Propane Operations • Propane margins and service fees - Adjusted gross margin increased by $1.8 million due primarily to increased margins which are impacted by market pricing, competition and the availability and price of alternative energy sources.

Propane Operations • Propane margins and service fees - Adjusted gross margin increased by $1.5 million due to increased margins which are impacted by market pricing, competition and the availability and price of alternative energy sources.

Historical filing backfill generated after the original filing window. It is not part of Jodie's live track record.

Business ecosystem

The relationships behind CPK

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depends on

CHCOCity Holding CompanypartnerAug 7, 2025

43 Table of Contents Central Florida Reinforcement Projects (Plant City and Lake Mattie) In February 2024, Peninsula Pipeline filed a petition with the Florida PSC for approval of its Transportation Service Agreements with FPU for projects that will support a…

PUKPrudential plclenderMay 6, 2026

46 Table of Contents Shelf Agreements We have entered into Shelf Agreements with Prudential and MetLife with terms that extend through February 2026 and June 2030, respectively, however neither of such lenders have any obligation to purchase debt thereunder.

METMetLife, Inc.lenderMay 6, 2026

46 Table of Contents Shelf Agreements We have entered into Shelf Agreements with Prudential and MetLife with terms that extend through February 2026 and June 2030, respectively, however neither of such lenders have any obligation to purchase debt thereunder.

Filing peers

No filing peers are available for this name yet.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CPK is currently a Participant in the organic co-movement group Regulated Water Utilities. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.