Chesapeake Utilities (NYSE:CPK) Announces FY 2026 Earnings Guidance

Chesapeake Utilities (NYSE:CPK) issued an update on its FY 2026 earnings guidance on Friday morning. The company provided EPS guidance of 7.750-8.000 for the period, compared to the consensus earnings per share estimate of 6.500.

Chesapeake Utilities Stock Down 1.1%

NYSE CPK opened at $140.07 on Friday. The business has a fifty day moving average price of $131.58 and a 200 day moving average price of $129.60. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.28 and a current ratio of 0.32. Chesapeake Utilities has a one year low of $118.88 and a one year high of $145.54. The company has a market cap of $3.38 billion, a P/E ratio of 22.09 and a beta of 0.62.

Chesapeake Utilities (NYSE:CPK) last announced its quarterly earnings results on Thursday, November 5th. The utilities provider reported $0.89 EPS for the quarter, missing the consensus estimate of $0.93 by ($0.04). Chesapeake Utilities had a return on equity of 9.34% and a net margin of 15.12%. The firm had revenue of $195.80 million for the quarter, compared to analysts’ expectations of $193.31 million. During the same period last year, the firm earned $0.82 EPS. Chesapeake Utilities’s revenue was up 9.0% compared to the same quarter last year. Research analysts anticipate that Chesapeake Utilities will post 6.40 EPS for the current fiscal year.

Chesapeake Utilities Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 5th. Shareholders of record on Tuesday, December 15th will be issued a $0.7350 dividend. This represents a $2.94 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, December 15th. Chesapeake Utilities’s dividend payout ratio is currently 46.89%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Wall Street Zen downgraded Chesapeake Utilities from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Mizuho set a $150.00 target price on shares of Chesapeake Utilities and gave the company an “outperform” rating in a research report on Friday, September 11th. Weiss Ratings upgraded Chesapeake Utilities from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, October 21st. Huntington started coverage on Chesapeake Utilities in a research note on Monday, September 14th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Barclays set a $134.00 price target on shares of Chesapeake Utilities and gave the stock an “equal weight” rating in a research note on Monday, October 19th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Chesapeake Utilities currently has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Key Stories Impacting Chesapeake Utilities

Here are the key news stories impacting Chesapeake Utilities this week:

• Positive Sentiment: Chesapeake Utilities raised its FY 2026 EPS guidance to $7.75–$8.00, well above the $6.50 consensus estimate. The higher outlook may support investor expectations for earnings growth.
• Positive Sentiment: The company reported 8.4% year-to-date growth in adjusted EPS and 9.2% growth in adjusted gross margin, citing regulatory and infrastructure programs, transmission expansion, organic growth, and higher customer consumption. It also announced a joint venture with NextEra Energy Resources to finance and own 49% of the $1.2 billion Florida Energy Pathway project. Third-quarter results
• Neutral Sentiment: The board declared a quarterly dividend of $0.735 per share, unchanged, equivalent to $2.94 annually and a stated yield of about 2.1%. Quarterly dividend announcement
• Negative Sentiment: Third-quarter EPS was $0.89, below the $0.93 consensus estimate. Revenue was a brighter spot, reaching $195.8 million versus the $193.31 million estimate and rising 9% year over year. Quarterly earnings report

Chesapeake Utilities Company Profile

Chesapeake Utilities Corporation is an energy delivery company that provides natural gas, propane, electricity and related services to residential, commercial, industrial and institutional customers. Its operations include regulated utility businesses as well as unregulated energy and infrastructure activities.

The company distributes natural gas and electricity, transports natural gas through pipeline systems, and supplies propane and other fuels. It also develops and operates energy infrastructure and provides renewable natural gas and other energy solutions through its portfolio of operating subsidiaries.

Founded in 1859, Chesapeake Utilities serves customers primarily in Delaware, Maryland, Pennsylvania, Virginia, Florida and Ohio.