NYSE : CPK
Chesapeake Utilities Corporation — Financial statements
Utilities · Utilities - Regulated Gas · United States
Last price 135.56 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.27B
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Financial statements
Chesapeake Utilities Corporation (CPK) reported revenue of 993.50M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 1.03B | 959.70M | 811.80M | 696.70M | 710.20M | 590.79M |
| Other Revenue | -32.70M | -29.70M | -24.60M | -26.10M | -29.50M | -20.82M |
| Revenue | 993.50M | 930.00M | 787.20M | 670.60M | 680.70M | 569.97M |
| Operations & Maintenance | 268.90M | 253.20M | 232.60M | 198.80M | 179.80M | 165.09M |
| Selling, General & Admin | 2.90M | |||||
| Depreciation & Amortization | 91.70M | 91.70M | 65.70M | 65.50M | 69.00M | 62.66M |
| Other Operating Expenses | 361.40M | 328.00M | 256.60M | 245.40M | 285.10M | 210.20M |
| Total Operating Expenses | 722.00M | 672.90M | 554.90M | 509.70M | 536.80M | 437.95M |
| Operating Income | 271.50M | 257.10M | 232.30M | 160.90M | 143.90M | 132.02M |
| Interest Expense | -73.70M | -72.50M | -68.40M | -36.90M | -24.40M | -20.14M |
| Net Interest Expense | -73.70M | -72.50M | -68.40M | -36.90M | -24.40M | -20.14M |
| Other Non-Operating Income (Expenses) | -1.50M | -1.00M | -2.50M | 900.00K | -3.40M | -8.21M |
| EBT Excluding Unusual Items | 196.30M | 183.60M | 161.40M | 124.90M | 116.10M | 103.67M |
| Total Merger & Restructuring Charges | -400.00K | -1.20M | -4.00M | -10.40M | ||
| Gain (Loss) on Sale of Assets | 10.60M | 10.60M | 4.40M | 800.00K | 7.50M | 9.03M |
| Pretax Income | 206.50M | 193.00M | 161.80M | 115.30M | 123.60M | 112.70M |
| Income Tax Expense | 56.30M | 52.70M | 43.20M | 28.10M | 33.80M | 29.23M |
| Earnings From Continuing Ops. | 150.20M | 140.30M | 118.60M | 87.20M | 89.80M | 83.47M |
| Net Income | 150.20M | 140.30M | 118.60M | 87.20M | 89.80M | 83.47M |
| Net Income to Common | 150.20M | 140.30M | 118.60M | 87.20M | 89.80M | 83.47M |
| Shares Outstanding (Basic) | 23.82M | 23.39M | 22.47M | 18.37M | 17.72M | 17.56M |
| Shares Outstanding (Diluted) | 23.93M | 23.49M | 22.53M | 18.43M | 17.80M | 17.63M |
| EPS (Basic) | 6.31 | 6.00 | 5.28 | 4.75 | 5.07 | 4.75 |
| EPS (Diluted) | 6.27 | 5.97 | 5.26 | 4.73 | 5.04 | 4.73 |
| Free Cash Flow | -193.50M | -214.90M | -115.90M | 14.90M | 30.60M | -36.42M |
| Free Cash Flow Per Share | -8.09 | -9.15 | -5.14 | 0.81 | 1.72 | -2.06 |
| Dividend Per Share | 2.79 | 2.69 | 2.51 | 2.31 | 2.08 | 1.88 |
| Profit Margin | 15.12% | 15.09% | 15.07% | 13.00% | 13.19% | 14.64% |
| Free Cash Flow Margin | -19.48% | -23.11% | -14.72% | 2.22% | 4.50% | -6.39% |
| EBITDA | 379.70M | 364.70M | 313.80M | 238.30M | 223.90M | 204.91M |
| EBITDA Margin | 38.22% | 39.22% | 39.86% | 35.53% | 32.89% | 35.95% |
| D&A For EBITDA | 108.20M | 107.60M | 81.50M | 77.40M | 80.00M | 72.89M |
| EBIT | 271.50M | 257.10M | 232.30M | 160.90M | 143.90M | 132.02M |
| EBIT Margin | 27.33% | 27.64% | 29.51% | 23.99% | 21.14% | 23.16% |
| Effective Tax Rate | 27.26% | 27.31% | 26.70% | 24.37% | 27.35% | 25.94% |
| Revenue as Reported | 993.50M | 930.00M | 787.20M | 670.60M | 680.70M | 569.97M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 400.00K | 1.80M | 7.90M | 4.90M | 6.20M | 4.98M |
| Accounts Receivable | 122.80M | 151.60M | 114.50M | 104.40M | 92.11M | 81.01M |
| Other Receivables | 6.80M | 3.80M | 2.54M | 17.46M | ||
| Inventory | 26.60M | 31.20M | 30.70M | 33.90M | 32.62M | 20.99M |
| Prepaid Expenses | 15.50M | 19.70M | 17.30M | 15.40M | 15.87M | 17.12M |
| Other Current Assets | 22.70M | 32.70M | 27.10M | 23.30M | 44.64M | 28.78M |
| Total Current Assets | 188.00M | 237.00M | 204.30M | 185.70M | 193.98M | 170.34M |
| Property, Plant & Equipment | 3.36B | 3.13B | 2.75B | 2.47B | 1.82B | 1.76B |
| Regulatory Assets | 72.90M | 74.30M | 77.40M | 96.40M | 108.21M | 104.17M |
| Goodwill | 507.50M | 507.50M | 507.70M | 508.20M | 46.21M | 44.71M |
| Other Intangible Assets | 12.50M | 13.20M | 15.00M | 16.90M | 17.86M | 13.19M |
| Long-Term Accounts Receivable | 2.80M | 2.90M | 3.00M | 3.50M | 4.32M | 4.81M |
| Other Long-Term Assets | 28.70M | 31.60M | 23.20M | 25.20M | 19.56M | 22.64M |
| Total Assets | 4.17B | 3.99B | 3.58B | 3.30B | 2.22B | 2.11B |
| Accounts Payable | 93.60M | 115.20M | 78.30M | 77.50M | 61.50M | 52.63M |
| Accrued Expenses | 45.90M | 41.90M | 39.10M | 33.50M | 28.09M | 33.46M |
| Short-Term Debt | 238.10M | 158.00M | 196.50M | 179.90M | 202.16M | 221.63M |
| Current Portion of Long-Term Debt | 131.70M | 134.60M | 25.50M | 18.50M | 21.48M | 17.96M |
| Current Unearned Revenue | 900.00K | 1.30M | 1.20M | 1.00M | 983.00K | 747.00K |
| Current Portion of Leases | 2.10M | 2.30M | 2.40M | 2.55M | 2.00M | |
| Other Current Liabilities | 84.50M | 76.80M | 76.50M | 73.60M | 52.26M | 47.97M |
| Total Current Liabilities | 594.70M | 529.90M | 419.40M | 386.40M | 369.02M | 376.39M |
| Long-Term Debt | 1.32B | 1.33B | 1.26B | 1.19B | 578.39M | 549.90M |
| Long-Term Leases | 7.00M | 7.90M | 8.70M | 10.60M | 12.39M | 8.57M |
| Pension & Post-Retirement Benefits | 15.20M | 14.00M | 13.20M | 15.30M | 16.96M | 24.12M |
| Long-Term Deferred Tax Liabilities | 359.00M | 325.80M | 297.50M | 260.40M | 257.58M | 235.69M |
| Other Long-Term Liabilities | 206.60M | 191.60M | 186.30M | 198.80M | 147.89M | 146.06M |
| Total Liabilities | 2.50B | 2.40B | 2.19B | 2.06B | 1.38B | 1.34B |
| Common Stock | 11.70M | 11.60M | 11.10M | 10.80M | 8.63M | 8.59M |
| Additional Paid-In Capital | 986.70M | 962.80M | 830.50M | 749.40M | 380.04M | 371.16M |
| Retained Earnings | 676.70M | 626.80M | 550.30M | 488.70M | 445.51M | 393.07M |
| Treasury Stock | -17.50M | -12.60M | -9.80M | -9.10M | -7.06M | -7.24M |
| Comprehensive Income & Other | 15.80M | 9.90M | 8.10M | 6.30M | 5.68M | 8.54M |
| Shareholders' Equity | 1.67B | 1.60B | 1.39B | 1.25B | 832.80M | 774.13M |
| Total Liabilities & Equity | 4.17B | 3.99B | 3.58B | 3.30B | 2.22B | 2.11B |
| Total Debt | 1.69B | 1.63B | 1.49B | 1.40B | 816.97M | 800.07M |
| Net Cash (Debt) | -1.69B | -1.63B | -1.49B | -1.39B | -810.77M | -795.09M |
| Net Cash Per Share | -70.79 | -69.31 | -65.99 | -75.60 | -45.54 | -45.09 |
| Filing Date Shares Outstanding | 24.11M | 23.94M | 22.98M | 22.24M | 17.74M | 17.66M |
| Total Common Shares Outstanding | 24.11M | 23.90M | 22.90M | 22.24M | 17.74M | 17.66M |
| Working Capital | -406.70M | -292.90M | -215.10M | -200.70M | -175.05M | -206.06M |
| Book Value Per Share | 69.42 | 66.89 | 60.71 | 56.04 | 46.94 | 43.85 |
| Tangible Book Value | 1.15B | 1.08B | 867.50M | 721.00M | 768.73M | 716.23M |
| Tangible Book Value Per Share | 47.85 | 45.10 | 37.88 | 32.43 | 43.33 | 40.57 |
| Machinery | 3.33B | 3.04B | 2.78B | 2.15B | 2.05B | |
| Construction In Progress | 376.60M | 283.70M | 148.10M | 113.20M | 47.30M | 49.39M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 150.20M | 140.30M | 118.60M | 87.20M | 89.80M | 83.47M |
| Depreciation & Amortization | 108.20M | 107.60M | 81.50M | 77.40M | 80.00M | 72.89M |
| Loss (Gain) on Sale of Assets | -10.60M | -10.60M | -4.40M | -800.00K | -7.50M | -9.03M |
| Loss (Gain) on Sale of Investments | -2.80M | -2.10M | -1.80M | -1.90M | 1.80M | -1.46M |
| Stock-Based Compensation | 8.10M | 8.50M | 8.40M | 7.60M | 6.40M | 5.95M |
| Change in Accounts Receivable | -11.80M | -37.10M | -10.30M | 2.30M | -11.20M | -1.63M |
| Change in Inventory | 2.00M | -600.00K | 3.30M | 300.00K | -7.80M | -9.52M |
| Change in Accounts Payable | 6.00M | 13.30M | 400.00K | -16.80M | 2.70M | 8.29M |
| Change in Income Taxes | 11.90M | 7.90M | -2.90M | -1.30M | 14.90M | -4.58M |
| Change in Other Net Operating Assets | 4.50M | -23.00M | 10.40M | 45.60M | -32.80M | -20.47M |
| Other Operating Activities | 42.40M | 29.50M | 36.20M | 3.90M | 22.60M | 26.61M |
| Operating Cash Flow | 308.10M | 233.70M | 239.40M | 203.50M | 158.90M | 150.50M |
| Capital Expenditures | -501.60M | -448.60M | -355.30M | -188.60M | -128.30M | -186.92M |
| Sale of Property, Plant & Equipment | 13.40M | 12.90M | 5.20M | 2.90M | 3.90M | 1.03M |
| Cash Acquisitions | 600.00K | -925.00M | -11.80M | -36.37M | ||
| Other Investing Activities | 300.00K | -400.00K | -700.00K | -300.00K | -761.00K | |
| Investing Cash Flow | -487.90M | -435.70M | -349.90M | -1.11B | -136.50M | -223.02M |
| Short-Term Debt Issued | 400.00K | 1.50M | 1.00M | 46.65M | ||
| Long-Term Debt Issued | 199.10M | 113.60M | 627.00M | 49.90M | 59.48M | |
| Total Debt Issued | 232.00M | 199.50M | 115.10M | 627.00M | 50.90M | 106.12M |
| Short-Term Debt Repaid | -300.00K | -1.15M | ||||
| Long-Term Debt Repaid | -64.90M | -18.50M | -44.00M | -38.60M | -13.81M | |
| Total Debt Repaid | -65.80M | -64.90M | -18.50M | -44.30M | -38.60M | -14.96M |
| Net Debt Issued (Repaid) | 166.20M | 134.60M | 96.60M | 582.70M | 12.30M | 91.16M |
| Issuance of Common Stock | 78.60M | 123.00M | 72.60M | 366.40M | 4.50M | 15.85M |
| Repurchase of Common Stock | -2.00M | -1.00M | -1.50M | -2.50M | -2.80M | -1.48M |
| Common Dividends Paid | -64.10M | -60.70M | -54.20M | -40.00M | -35.20M | -31.54M |
| Financing Cash Flow | 178.70M | 195.90M | 113.50M | 906.60M | -21.20M | 74.00M |
| Net Cash Flow | -1.10M | -6.10M | 3.00M | -1.30M | 1.20M | 1.48M |
| Free Cash Flow | -193.50M | -214.90M | -115.90M | 14.90M | 30.60M | -36.42M |
| Free Cash Flow Margin | -19.48% | -23.11% | -14.72% | 2.22% | 4.50% | -6.39% |
| Free Cash Flow Per Share | -8.09 | -9.15 | -5.14 | 0.81 | 1.72 | -2.06 |
| Levered Free Cash Flow | -220.78M | -215.82M | -169.06M | 23.64M | 18.50M | -73.79M |
| Unlevered Free Cash Flow | -174.71M | -170.51M | -126.31M | 46.70M | 33.75M | -61.21M |
| Cash Interest Paid | 73.20M | 73.20M | 73.00M | 30.50M | 24.30M | 20.81M |
| Cash Income Tax Paid | 16.00M | 16.00M | 9.40M | 21.90M | -5.00M | 8.39M |
| Change in Working Capital | 12.60M | -39.50M | 900.00K | 30.10M | -34.20M | -27.91M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.36B | 2.95B | 2.78B | 2.29B | 2.10B | 2.57B |
| Enterprise Value | 5.05B | 4.53B | 4.19B | 3.08B | 2.88B | 3.28B |
| PE Ratio | 22.21 | 21.03 | 23.40 | 26.23 | 23.35 | 30.75 |
| PS Ratio | 3.36 | 3.17 | 3.52 | 3.41 | 3.08 | 4.50 |
| PB Ratio | 1.96 | 1.85 | 2.00 | 1.84 | 2.52 | 3.32 |
| P/FCF Ratio | 153.53 | 68.52 | ||||
| P/OCF Ratio | 10.85 | 12.63 | 11.59 | 11.24 | 13.20 | 17.05 |
| EV/Sales Ratio | 5.07 | 4.87 | 5.32 | 4.59 | 4.23 | 5.76 |
| EV/EBITDA Ratio | 13.26 | 12.41 | 13.36 | 12.93 | 12.87 | 16.03 |
| EV/EBIT Ratio | 18.55 | 17.61 | 18.04 | 19.15 | 20.03 | 24.88 |
| EV/FCF Ratio | 206.81 | 94.19 | ||||
| Debt / Equity Ratio | 1.01 | 1.02 | 1.07 | 1.12 | 0.98 | 1.03 |
| Debt / EBITDA Ratio | 4.46 | 4.43 | 4.72 | 5.80 | 3.60 | 3.87 |
| Debt / FCF Ratio | 93.86 | 26.70 | ||||
| Net Debt / Equity Ratio | 1.01 | 1.02 | 1.07 | 1.12 | 0.97 | 1.03 |
| Net Debt / EBITDA Ratio | 4.46 | 4.46 | 4.74 | 5.85 | 3.62 | 3.88 |
| Net Debt / FCF Ratio | -8.76 | -7.58 | -12.83 | 93.53 | 26.50 | -21.83 |
| Quick Ratio | 0.21 | 0.29 | 0.31 | 0.29 | 0.27 | 0.28 |
| Current Ratio | 0.32 | 0.45 | 0.49 | 0.48 | 0.53 | 0.45 |
| Asset Turnover | 0.25 | 0.25 | 0.23 | 0.24 | 0.31 | 0.28 |
| Return on Equity (ROE) | 9.47% | 9.39% | 9.00% | 8.39% | 11.18% | 11.35% |
| Return on Assets (ROA) | 4.29% | 4.24% | 4.22% | 3.64% | 4.15% | 4.08% |
| Return on Capital Employed (ROCE) | 7.60% | 7.40% | 7.40% | 5.50% | 7.80% | 7.60% |
| Earnings Yield | 4.50% | 4.75% | 4.27% | 3.81% | 4.28% | 3.25% |
| FCF Yield | -5.79% | -7.28% | -4.18% | 0.65% | 1.46% | -1.42% |
| Dividend Yield | 2.11% | 2.18% | 2.07% | 2.24% | 1.76% | 1.29% |
| Payout Ratio | 46.88% | 43.26% | 45.70% | 45.87% | 39.20% | 37.78% |
| Buyback Yield / Dilution | -4.14% | -4.25% | -22.22% | -3.54% | -0.97% | -5.14% |
| Total Shareholder Return | -2.02% | -2.06% | -20.15% | -1.30% | 0.79% | -3.85% |