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DOVER, Del. - Chesapeake Utilities Corporation (NYSE:CPK), a utility company with a market capitalization of $3 billion, has made available video recordings from its 2025 Investor Day on its Investor Relations website, following the event that took place on March 12-13 at the Kennedy Space Center. The utility company’s first investor-focused gathering in seven years was aimed at detailing its strategy and growth prospects, particularly in light of its recent acquisition of Florida City Gas. According to InvestingPro data, the company’s stock is currently trading near its 52-week high of $134.86, suggesting strong investor confidence in its growth strategy.
During the two-day event, Chesapeake Utilities showcased its growth opportunities and reaffirmed its 2025 adjusted earnings per share guidance of $6.15 - $6.35, which represents a 14-18% increase over the adjusted EPS for 2024. The company’s leadership team, including President and CEO Jeff Householder, highlighted the consistent track record of earnings and investment, as well as the company’s growth strategy for the years 2025 to 2028. This guidance aligns with the company’s impressive 17.39% revenue growth over the last twelve months. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with analysts maintaining a moderate buy consensus and setting price targets between $120 and $148.
The Investor Day also provided updates on projects supporting the company’s 5-year capital expenditure plan of $1.5 to $1.8 billion, driven by significant growth in its Florida and Delmarva service areas. The event took place within the service area of Florida City Gas, underscoring potential future growth opportunities, including growing interest from industries at the Cape and Port of Canaveral. InvestingPro subscribers can access detailed financial health metrics, which currently show a GOOD overall score of 2.68, suggesting strong operational execution. The platform offers 8 additional exclusive ProTips about CPK’s financial position and growth prospects.
Executive Vice President and CFO Beth Cooper expressed gratitude for the opportunity to reconnect with financial partners in person and emphasized the company’s commitment to delivering on its promises and maintaining financial discipline.
The web replay of the Investor Day includes the corporate presentation, a short video on the company’s history, and panel discussions, all of which are accessible on the company’s website.
Chesapeake Utilities Corporation, listed on the New York Stock Exchange, is a diversified energy delivery company that provides sustainable energy solutions through various services including natural gas, electricity, and propane distribution.
The information for this article is based on a press release statement from Chesapeake Utilities Corporation.
In other recent news, Chesapeake Utilities Corporation reported its fourth-quarter 2024 earnings, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $1.60, missing the forecasted $1.67, and generated revenue of $215 million, which was below the anticipated $231.35 million. Despite this quarterly miss, Chesapeake Utilities highlighted a strong full-year performance with a 25% increase in adjusted gross margin, reaching $567 million, and a 24% rise in adjusted net income to $122 million. The company remains committed to significant capital investments, with plans to spend between $325 million and $375 million in 2025, focusing on regulated businesses. Additionally, Chesapeake Utilities has set an ambitious earnings per share guidance for 2025, projecting growth to a range of $6.15 to $6.35. The company continues to pursue its aggressive investment strategy, planning a five-year capital investment of $1.5 billion to $1.8 billion. Analyst firms have not indicated any upgrades or downgrades in recent notes, though the company’s strategic initiatives and regulatory activities remain areas of focus. Chesapeake Utilities is also actively engaging in regulatory activities, having filed several rate cases and depreciation studies in various jurisdictions.
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