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Chesapeake Utilities Corporation CPK Delaware natural gas distribution — Annual Rate Case Recovery

Other geography segments

Maryland natural gas distribution
$2.6M0.0%
Florida electric distribution
$1.8M0.0%

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Other financials

Income statement

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Revenue$201.9M+4.7%
Operating income$52.9M+5.2%
Net income$25.4M+6.3%
EPS (diluted)$1.05+2.9%

Balance sheet

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Cash & equivalents$400.0K-73.3%
Total debt$1.6B+3.9%
Total equity$1.7B+11.6%
Total assets$4.2B+11.7%

Cash flow

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Operating cash flow$95.6M+76.4%
CapEx$125.0M+24.9%
Free cash flow-$29.4M+35.9%

Valuation

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Market cap$3.21B+10.4%
Enterprise value$4.78B+8.2%
P/E21.4×-1.2×
P/S3.2×-0.1×

Profitability

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Operating margin27.3%-1.0pp
Net margin15.1%+0.2pp
FCF margin-19.5%-2.6pp

Returns & leverage

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Return on equity9.5%+0.2pp
Debt / equity0.9×-0.1×
Current ratio0.3×-0.1×

Where this comes from

Reported directly by Chesapeake Utilities Corporation in its filing.

Tagged under the XBRL concept cpk:AnnualRateCaseRecovery.

The source filing: Chesapeake Utilities Corporation’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 4:55 PM EDT
Fiscal quarter
Q4 FY2026
Calendar quarter
Q4 2026
Accession
0001628280-26-031397

Delaware Natural Gas Rate Case: In August 2024, our Delaware natural gas division filed an application for a natural gas rate case with the Delaware PSC. In connection with the application we sought approval of the following: (i) permanent rate relief of approximately $12.1 million with a ROE of 11.5 percent; (ii) proposed changes to depreciation rates which were part of a depreciation study also submitted with the filing; and (iii) authorization to make certain changes to tariffs. Annualized interim rates were approved by the Delaware PSC in the amount of $2.5 million and became effective in October 2024. A settlement among all interested parties was reached and approved by the Delaware PSC in June 2025 providing an annual revenue increase of $6.1 million, as well as dividing the rate case into two phases. Rates set to recover the approved components of the increase were effective in March 2025 and approved tariff-related changes including rate design were effective as of October 15, 2025.

Item 1. Financial Statements

FAQ

What is Chesapeake Utilities Corporation's delaware natural gas distribution — annual rate case recovery?
Chesapeake Utilities Corporation (CPK) reported delaware natural gas distribution — annual rate case recovery of $6.1M in Q1 2026.
How has Chesapeake Utilities Corporation's delaware natural gas distribution — annual rate case recovery changed year-over-year?
Chesapeake Utilities Corporation's delaware natural gas distribution — annual rate case recovery decreased by 0.0% year-over-year, from $6.1M to $6.1M.
What does delaware natural gas distribution — annual rate case recovery mean?
The total annual revenue collected by the Delaware natural gas division specifically attributed to approved rate case adjustments or surcharges. This metric tracks the effectiveness of the utility in recovering incremental costs associated with infrastructure modernization and regulatory compliance programs. It highlights the company's success in navigating the regulatory cycle to ensure timely cost recovery.

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