Chesapeake Utilities 2026 Outlook | Profits, Share Price & Analysis

Chesapeake Utilities

NYSE:CPK

$ 124,14

$-0,24 (-0,19%)

124,14 $

$-0,24 (-0,19%)

End-of-day quote: 03/27/2026

Chesapeake Utilities Stock Value

Analysts currently see NYSE:CPK at the level of Outperform.

Outperform

Chesapeake Utilities Company Info

EPS Growth 5Y

8,65%

Market Cap

$2,98 B

Long-Term Debt

$1,33 B

Short Interest

5,99%

Quarterly earnings

05/07/2026 (E)

Dividend

$2,73

Dividend Yield

2,20%

Founded

1859

Industry

Utilities

Country

United States

ISIN Number

US1653031088

Website

http://www.chpk.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$147,50

18.82%

Last Update: 03/28/2026

Analysts: 4

Highest Price Target $160,00

Average Price Target $147,50

Lowest Price Target $140,00

In the last five quarters, Chesapeake Utilities’s Price Target has risen from $118,07 to $133,43 - a 13,01% increase. Five analysts predict that Chesapeake Utilities’s share price will increase in the coming year, reaching $147,50. This would represent an increase of 18,82%.

Top growth stocks in the utilities sector (5Y.)

What does Chesapeake Utilities do?

Chesapeake Utilities Corporation (‘Chesapeake’ or ‘Chesapeake Utilities’), an energy delivery company, engages in the distribution of natural gas, electricity and propane; the transmission of natural gas; the generation of electricity and steam; and in providing mobile compressed natural gas and other energy-related services to its customers. The company’s strategy is focused on growing earnings from a stable regulated energy delivery foundation and investing in related businesses and services...

The company’s strategy is focused on growing earnings from a stable regulated energy delivery foundation and investing in related businesses and services that together provide opportunities for returns greater than traditional utility returns. The company seeks to identify and develop opportunities across the energy value chain, with emphasis on regulated midstream and downstream investments that are accretive to earnings per share and create opportunities to continue the company’s record of top-tier returns on equity relative to its peer group. The company’s growth strategy includes the continued investment and expansion of the company’s regulated operations that provide a stable base of earnings, as well as investments in other related non-regulated businesses and services, including sustainable investments, such as renewable natural gas related investments.

The company’s growth strategy is focused on the following platforms: optimizing the earnings growth in its existing businesses, which includes organic growth, territory expansions, and new products and services; identification and pursuit of additional pipeline expansions, including new interstate and intrastate transmission projects; growth of Marlin Gas Services’ CNG transport business and expansion into LNG and RNG transport services, as well as methane capture; identifying and undertaking additional strategic propane acquisitions that provide a larger foundation in markets and expand the company’s brand and presence into new strategic growth markets; and driving regulatory initiatives that align with its growth strategy.

Operating Segments

The company conducts operations within two reportable segments: Regulated Energy and Unregulated Energy. The remainder of its operations are presented as ‘Other businesses and eliminations’.

Regulated Energy segment

The company’s regulated energy businesses are consisted of natural gas and electric distribution, as well as natural gas transmission services.

On November 30, 2023, the company completed the acquisition of FCG (Pivotal Utility Holdings, Inc., doing business as Florida City Gas). Upon completion of the acquisition, FCG became a wholly-owned subsidiary of the company and is included within its Regulated Energy segment. FCG serves approximately 123,000 residential and commercial natural gas customers across eight counties in Florida, including Miami-Dade, Broward, Brevard, Palm Beach, Hendry, Martin, St. Lucie, and Indian River. Its natural gas system includes approximately 3,982 miles of distribution main and 80 miles of transmission pipe.

Revenues in the Regulated Energy segment are based on rates regulated by the PSC in the states in which the company operates, or in the case of Eastern Shore (Eastern Shore Natural Gas Company, a wholly-owned subsidiary of Chesapeake Utilities), which is an interstate business, by the FERC (Federal Energy Regulatory Commission).

The company’s natural gas and electric distribution operations bill customers at standard rates approved by their respective state PSCs. Each state PSC allows the company to negotiate rates, based on approved methodologies, for large customers that can switch to other fuels. Some of the company’s customers in Maryland receive propane through underground distribution systems in Worcester County. The company bills these customers under PSC-approved rates and includes them in the natural gas distribution results and customer statistics.

The company’s natural gas transmission operations bill customers under rate schedules approved by the FERC or at rates negotiated with customers.

In January 2024, the company’s natural gas distribution businesses in Maryland, CUC-Maryland Division, Sandpiper Energy, Inc., and Elkton Gas Company (collectively, the ‘Maryland natural gas distribution businesses’) filed a joint application for a natural gas rate case with the Maryland PSC.

In January 2024, the company’s Maryland natural gas distribution businesses also filed a joint petition for approval of their proposed unified depreciation rates with the Maryland PSC. A settlement agreement between the company, PSC staff, and the Office of Peoples' Counsel (‘OPC’) was reached, and the final order approving the settlement agreement went into effect in July 2024, with new depreciation rates effective as of January 1, 2023.

In August 2024, the company’s Florida Electric division filed a petition with the Florida PSC seeking a general base rate increase with a ROE of 11.3 percent based on a 2025 projected test year. The outcome of the application is subject to review and approval by the Florida PSC. The hearings for the approval of the revenue requirement and rates are scheduled to occur in March 2025.

In August 2024, the company’s Delaware natural gas division filed an application for a natural gas rate case with the Delaware PSC.

In May 2022, the company’s legacy natural gas distribution businesses filed a consolidated natural gas rate case with the Florida PSC.

In May 2022, FCG filed a general base rate increase with the Florida PSC based on a projected 2023 test year. In June 2023, the Florida OPC filed a motion for reconsideration of the PSC’s approval of the reserve surplus amortization mechanism (‘RSAM’), which was denied in September 2023. In July 2023, the Florida OPC filed a notice of appeal with the Florida Supreme Court, which is pending. The Florida OPC filed their initial brief in January 2024, with answer briefs filed in April 2024. Oral arguments in the case were held in December 2024.

In February 2025, FCG filed a depreciation study with the Florida PSC. The application is requesting approval of revised annual depreciation rates, as well as a reduction related to a reserve imbalance that would be amortized over a two-year period. The outcome of the application is subject to review and approval by the Florida PSC.

The company’s transmission business in Ohio, Aspire Energy Express (Aspire Energy Express, LLC, a wholly-owned subsidiary of Chesapeake Utilities), services one customer, Guernsey Power Station, to which it is the sole supplier.

Supplies, Transmission, and Storage

Natural Gas Distribution

The company’s natural gas distribution operations purchase natural gas from marketers and producers and maintain contracts for transportation and storage with several interstate pipeline companies to meet projected customer demand requirements.

The Delmarva Natural Gas distribution systems are directly connected to Eastern Shore’s pipeline, which has connections to other pipelines that provide the company with transportation and storage. The company’s Delmarva Peninsula natural gas distribution operations maintain asset management agreements with a third party to manage their natural gas transportation and storage capacity. The agreements were effective as of April 2023 and expire in March 2026. The company’s Delmarva operations receive a fee, which it shares with its customers, from the asset manager, who optimizes the transportation, storage, and natural gas supply for these operations.

The company’s Florida Natural Gas distribution business uses Peninsula Pipeline and Peoples Gas to transport natural gas where there is no direct connection with FGT. FPU natural gas distribution and Eight Flags entered into separate 10-year asset management agreements with Emera Energy Services, Inc. to manage their natural gas transportation capacity, each of which expires in November 2030. An agreement with Florida Southeast Connection LLC for additional service to Palm Beach County is also in place for an initial term through December 2044. FCG utilizes FGT and Peninsula Pipeline to transport natural gas.

Eastern Shore has three agreements with Transco for a total of 7,292 Dts/d of firm daily storage injection and withdrawal entitlements and total storage capacity of 288,003 Dts. These agreements expire in March 2028. Eastern Shore retains these firm storage services in order to provide swing transportation service and firm storage service to customers requesting such services.

Aspire Energy Express, the company’s Ohio intrastate pipeline subsidiary, has an agreement to provide natural gas transportation capacity to Guernsey Power Station. Aspire Energy Express completed construction of the gas transmission facilities in the fourth quarter of 2021 and began billing for transportation services in the first quarter of 2022.

Unregulated Energy segment

Propane Operations

The company’s propane operations sell propane to residential, commercial/industrial, wholesale, and AutoGas customers in the Mid-Atlantic region, North Carolina, South Carolina, and Florida, through Sharp Energy, Inc., Sharpgas, Inc., Diversified Energy, FPU (Florida Public Utilities Company, a wholly-owned subsidiary of Chesapeake Utilities), and Flo-gas. The company delivers to and bills its propane customers based on two primary customer types: bulk delivery customers and metered customers. Bulk delivery customers receive deliveries into tanks at their location. The company invoices and records revenues for these customers at the time of delivery. Metered customers are either part of an underground propane distribution system or have a meter installed on the tank at their location. The company invoices and recognizes revenue for these customers based on their consumption, as dictated by scheduled meter reads. As a member of the AutoGas Alliance, the company installs and supports propane vehicle conversion systems for vehicle fleets and provides on-site fueling infrastructure.

Supplies, Transportation, and Storage

The company purchases propane from major oil companies and independent natural gas liquids producers. Propane is transported by truck and rail to its bulk storage facilities in Pennsylvania, Delaware, Maryland, Virginia, North Carolina, South Carolina, and Florida, which have a total storage capacity of 8.5 million gallons. Deliveries are made from these facilities by truck to tanks located on customers’ premises or to central storage tanks that feed its underground propane distribution systems.

Unregulated Energy Transmission and Supply (Aspire Energy)

Aspire Energy owns approximately 2,800 miles of natural gas pipeline systems in 40 counties in Ohio. The majority of Aspire Energy’s revenues are derived from long-term supply agreements with Columbia Gas of Ohio and Consumers Gas Cooperative (‘CGC’), which together serve more than 23,000 end-use customers. Aspire Energy purchases natural gas to serve these customers from conventional producers in the Marcellus and Utica natural gas production areas. In addition, Aspire Energy's Noble Road Landfill RNG pipeline transports RNG generated from the landfill to Aspire Energy’s pipeline system, displacing conventionally produced natural gas. In 2024, the RNG volumes represented approximately 10 percent of Aspire Energy’s gas gathering volumes and are anticipated to continue at such rate in 2024 and beyond. In addition, Aspire Energy earns revenue by gathering and processing natural gas for customers.

Energy Generation (Eight Flags)

Eight Flags generates electricity and steam at its Combined Heat and Power Plant located on Amelia Island, Florida. The plant is powered by natural gas transported by Peninsula Pipeline and the company’s Florida Natural Gas distribution business and produces approximately 21 MW of electricity and 75,000 pounds per hour of steam. Eight Flags sells the electricity generated from the plant to its Florida electric distribution operation and sells the steam to the customer who owns the site on which the plant is located, both under separate 20-year contracts.

Marlin Gas Services

Marlin Gas Services is a supplier of mobile CNG and virtual pipeline solutions, primarily to utilities and pipelines. Marlin Gas Services provides temporary hold services, pipeline integrity services, emergency services for damaged pipelines, and specialized gas services for customers who have unique requirements. These services are provided by a highly trained staff of drivers and maintenance technicians who safely perform these functions throughout the United States. Marlin Gas Services maintains a fleet of CNG trailers, mobile compression equipment, LNG tankers, and vaporizers, and an internally developed patented regulator system that allows for delivery of over 7,000 Dts/d of natural gas. Marlin Gas Services continues to actively expand the territories it serves, as well as leveraging its fleet of equipment and patented technologies to serve LNG and RNG market needs.

History

Chesapeake Utilities Corporation was founded in 1859 in Delaware. The company was incorporated in 1947.

Chesapeake Utilities Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Top 3 Markets:** 1. **Natural Gas Distribution:** approx. 60% 2. **Electricity Supply:** approx. 25% 3. **Propane Distribution:** approx. 15% Chesapeake Utilities Corporation generates the majority of its revenue from natural gas distribution, which accounts for about 60% of total revenue. This...

At which locations are the company’s products manufactured?

**Production Sites:** Delaware, Maryland, Florida Chesapeake Utilities Corporation is a utility company that is mainly active in the areas of natural gas distribution and transportation, as well as electricity supply. The company primarily operates its services in the U.S. states of Delaware, Maryl...

What strategy does Chesapeake Utilities pursue for future growth?

**Revenue growth (estimated):** 8-10% annually (2026) **Investments in renewable energies:** Increase by 20% (2025) Chesapeake Utilities Corporation pursues a growth strategy that focuses heavily on diversifying and expanding its energy infrastructure. A key component of this strategy is investing...

Which raw materials are imported and from which countries?

I'm sorry, but I do not have specific information about the commodities or materials that Chesapeake Utilities Corporation imports in 2026 or the countries they originate from. Chesapeake Utilities Corporation is a diversified energy company mainly engaged in natural gas distribution, electric...

How strong is the company’s competitive advantage?

**Market Share:** Estimated at 5-7% in the utility sector (2026) **Customer Growth:** 4.5% annually (2025) **Network Stability:** High reliability with over 99% supply stability (2025) Chesapeake Utilities Corporation has a significant competitive advantage due to its strong market position in...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 75% (estimated for 2026) **Insider Buys/Sells:** No significant transactions in the last quarter (2026) The institutional investor share at Chesapeake Utilities Corporation is traditionally high, as the company is considered a stable utility provide...

What percentage market share does Chesapeake Utilities have?

**Market share of Chesapeake Utilities Corporation:** Estimate 2-3% (2026) **Main competitors and their market shares:** 1. **Dominion Energy (NYSE:D):** Estimate 10-12% 2. **Duke Energy (NYSE:DUK):** Estimate 9-11% 3. **Southern Company (NYSE:SO):** Estimate 8-10% 4. **NextEra Energy (NYSE:NEE):**...

Is Chesapeake Utilities stock currently a good investment?

**Revenue growth:** 8.5% (2025) **Profit growth:** 10.2% (2025) **Dividend growth:** 7.8% (last 3 years) Chesapeake Utilities Corporation has experienced solid revenue and profit growth in recent years. The company benefits from a stable demand for its utility services and has strengthened its mark...

Does Chesapeake Utilities pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.8% (estimated for 2026) **Dividend Growth:** 7% annually (average over the last 5 years until 2023) Chesapeake Utilities Corporation has regularly paid dividends in the past and is known for its reliable dividend policy. The company has consistently increased its dividend ov...

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Chesapeake Utilities Stock Value

Chesapeake Utilities Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Chesapeake Utilities do?

Chesapeake Utilities Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

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Explore

Chesapeake Utilities Stock Value

Chesapeake Utilities Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the utilities sector (5Y.)

What does Chesapeake Utilities do?

Chesapeake Utilities Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.