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Last $49.94 USD
Change Today -0.33 / -0.66%
Volume 33.6K
CPK On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

chesapeake utilities corp (CPK) Snapshot

Open
$50.50
Previous Close
$50.27
Day High
$50.50
Day Low
$48.83
52 Week High
04/6/15 - $52.99
52 Week Low
09/25/14 - $39.28
Market Cap
730.5M
Average Volume 10 Days
28.1K
EPS TTM
$2.54
Shares Outstanding
14.6M
EX-Date
03/13/15
P/E TM
19.7x
Dividend
$1.08
Dividend Yield
2.16%
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 Corp. Reports Groundbreaking for New Eight Flags Energy Combined Heat and Power Plants

Chesapeake Utilities Corp. reported the groundbreaking for the new Eight Flags Energy Combined Heat and Power plant. In a release, the company noted that the groundbreaking ceremony was held March 24 in Fernandina Beach on Amelia Island in Nassau County, Florida. The event was hosted by Chesapeake, its subsidiary, Florida Public Utilities Company, and Rayonier Advanced Materials, and was attended by many state, local and company officials. Chesapeake said that Eight Flags' CHP plant, fueled by natural gas, will be built on a site leased from Rayonier Performance Fibers, a subsidiary of Rayonier Advanced Materials. The site is adjacent to a Rayonier Performance Fibers cellulose specialties plant. The company reported that the CHP plant will generate steam for sale to Rayonier Performance Fibers for use in the operation of its cellulose specialties production facility. The CHP plant is expected to be operational in mid-2016. The projected investment to be made by Chesapeake and its subsidiaries in constructing the CHP project and associated facilities is approximately $40.0 million. The company noted that the CHP plant will produce approximately 20 MW of base load power, which FPU will purchase for distribution to its electric retail customers. The Florida Public Service Commission has approved a Purchased Power Agreement for a 20-year term, which is expected to generate approximately $28.0 million in savings to FPU's electric customers over the life of the PPA. The FPSC also approved the extension of an existing energy purchased power contract between FPU and Rayonier Performance Fibers. The approved extension will extend the term of the original contract for an additional 14 years, from October 2022 to September 2036, and will generate an estimated savings of $8.2 million for FPU customers over the amended contract term and align the term of this contract with that of the PPA.

Chesapeake Utilities Corporation Appoints James Moriarty as Vice President, General Counsel and Corporate Secretary

Chesapeake Utilities Corporation announced that James Moriarty has joined the company as Vice President, General Counsel and Corporate Secretary. As Vice President, General Counsel and Corporate Secretary, Mr. Moriarty will oversee the company's legal affairs by managing the company's internal legal function, and managing outside counsel. He will provide counsel on legal matters to senior management and the business units to ensure compliance with applicable laws and regulations, and advise senior management and the Board on corporate governance matters. In addition, he will provide legal advice on all major business transactions and assist management on governmental relations, including lobbying and other legislative activities. Mr. Moriarty will oversee the preparation, review and negotiation of contracts and other legal documents and provide legal and contractual support for project development and transactions. Mr. Moriarty has over 25 years of experience representing leading companies on diverse energy projects. Previously, Mr. Moriarty was a Partner at Locke Lord LLP and Fulbright & Jaworski, LLP.

Chesapeake Utilities Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Changes for the Fourth Quarter Ended December 31, 2014

Chesapeake Utilities Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net income of $10,097,000 or $0.69 per basic and diluted share against $9,683,000 or $0.67 per basic and diluted share a year ago. Total operating income was $12,408,000 compared to $18,312,000 a year ago. Total operating revenue was $120,380,000 compared to $122,887,000 a year ago. Income before income taxes was $16,739,000 compared to $16,151,000 a year ago. For the full year, the company reported net income of $36,092,000 or $2.47 per diluted share on total operating revenue was $498,834,000 against net income of $32,787,000 or $2.26 per diluted share on total operating revenue was $444,306,000 a year ago. Total operating income was $62,279,000 compared to $62,734,000 a year ago. Income before income tax was $60,037,000 compared to $54,872,000 a year ago. For the quarter, the company reported asset impairment charges of $6,881,000.

 

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Industry Analysis

CPK

Industry Average

Valuation CPK Industry Range
Price/Earnings 20.3x
Price/Sales 1.5x
Price/Book 2.4x
Price/Cash Flow 11.8x
TEV/Sales 1.0x
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