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Last $48.86 USD
Change Today -0.40 / -0.81%
Volume 9.1K
CPK On Other Exchanges
Symbol
Exchange
Frankfurt
As of 11:43 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

chesapeake utilities corp (CPK) Snapshot

Open
$49.07
Previous Close
$49.26
Day High
$49.22
Day Low
$48.86
52 Week High
07/9/15 - $56.15
52 Week Low
09/25/14 - $39.28
Market Cap
745.6M
Average Volume 10 Days
66.5K
EPS TTM
$2.79
Shares Outstanding
15.3M
EX-Date
09/11/15
P/E TM
17.5x
Dividend
$1.15
Dividend Yield
2.24%
Current Stock Chart for CHESAPEAKE UTILITIES CORP (CPK)

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chesapeake utilities corp (CPK) Details

Chesapeake Utilities Corporation operates as a diversified energy company. The company operates in three segments: Regulated Energy, Unregulated Energy, and Other. The Regulated Energy segment distributes natural gas in Delaware, Maryland and Florida; distributes electricity in Florida; and transmits natural gas on the Delmarva Peninsula and in Florida. The Unregulated Energy segment wholesales and distributes propane; and markets natural gas. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation and air conditioning; plumbing; and electrical services. The Other segment owns and leases office buildings in Delaware and Maryland. The company serves residential, commercial, industrial, and wholesale customers. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.

753 Employees
Last Reported Date: 03/5/15
Founded in 1859

chesapeake utilities corp (CPK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $466.3K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $293.6K
Senior Vice President and President of Easter...
Total Annual Compensation: $327.5K
President of Florida Public Utilities Company
Total Annual Compensation: $309.7K
Senior Vice President of Strategic Developmen...
Total Annual Compensation: $253.8K
Compensation as of Fiscal Year 2014.

chesapeake utilities corp (CPK) Key Developments

Chesapeake Utilities Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capex Guidance for 2015

Chesapeake Utilities Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. The company's net income for the three months ended June 30, 2015 was $6.3 million, or $0.41 per diluted share compared to $5.134 million or $0.35 per diluted share a year ago period. This represents an increase of $1.2 million, or $0.06 per share, over the same quarter in 2014. The company's operating income for the three months ended June 30, 2015 was $13.2 million, an increase of $2.7 million over the same quarter in 2014, compared to $10.457 million a year ago. A gain from a settlement with a vendor regarding the implementation of a customer billing system contributed $1.5 million to operating income in the current quarter. The increase in operating income was also driven by a $3.9 million increase in gross margin, which was partially offset by an increase of $2.7 million in other operating expenses to support growth. Total operating revenues were $92.682 million against $100.497 million a year ago. Income before income taxes was $10.514 million against $8.559 million a year ago. For the six months ended June 30, 2015, the company reported net income of $27.4 million or $1.83 per diluted share compared to $22.815 million or $1.57 per diluted share a year ago. This represents an increase of $4.6 million or $0.26 per share, compared to the same period in 2014. The company's operating income for the six months ended June 30, 2015 was $50.7 million, an increase of $8.6 million over the same period in 2014, compared to $42.079 million a year ago. A gain from the billing system settlement contributed $1.5 million to operating income in the year-to-date results. The remainder of the increase in 2015 operating income was driven by an increase in gross margin of $10.9 million, which was offset by an increase of $3.8 million in other operating expenses necessary to support growth. Total operating revenues were $262.763 million against $286.834 million a year ago. Income before income taxes was $45.707 million against $38.033 million a year ago. The company forecasts its capital expenditures in 2015, excluding amounts expended to acquire Gatherco, to be in the range of $160.0 million to $190.0 million, a significant increase over the average level of capital expenditures during the past three years, which equaled $94.8 million. The change from the original budget of $223.4 million, which also excluded amounts expended to acquire Gatherco, primarily reflects a shift in the timing of certain capital expenditures from 2015 to 2016.

Chesapeake Mulls Acquisitions

Chesapeake Utilities Corporation (NYSE:CPK) is seeking acquisitions. Actual capital requirements may vary from the above estimates due to a number of factors, including changing economic conditions, changes in customer expectations or service needs, customer growth in existing areas, regulation, new growth or acquisition opportunities and availability of capital, Chesapeake Utilities Corporation reported in its second quarter financial results.

Chesapeake Utilities Corporation Announces Quarterly Dividend

The Board of Directors of Chesapeake Utilities Corporation has declared a quarterly cash dividend of $0.2875 per share on the Company's common stock. The $0.2875 per share dividend will be paid on October 5, 2015 to all shareholders of record at the close of business on September 15, 2015.

 

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Industry Analysis

CPK

Industry Average

Valuation CPK Industry Range
Price/Earnings 18.2x
Price/Sales 1.6x
Price/Book 2.2x
Price/Cash Flow 11.2x
TEV/Sales 1.1x
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