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Chesapeake Utilities Corporation CPK Eastern Shore — Regulatory liabilities

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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$3.2B+14.0%
Enterprise value$4.77B+10.5%
P/E21.3×-0.5×
P/S3.2×0.0×

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 us-gaap:RegulatoryLiabilities.

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

Filed
Aug 6, 2026, 5:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001628280-26-054477

In connection with the TCJA, which was signed into law in December 2017, customer rates for our regulated businesses were adjusted as approved by the regulators. Regulatory liabilities related to accumulated deferred income taxes (“ADIT”) associated with the TCJA amounted to $82.8 million and $83.4 million at June 30, 2026 and December 31, 2025, respectively. With the exception of the ADIT balance of $34.2 million attributable to Eastern Shore, such amounts are being amortized in accordance with approvals received from the Delaware, Maryland, and Florida PSCs in 2018 and 2019. The ADIT balance attributable to Eastern Shore will be addressed in its next rate case filing.

Item 1. Financial Statements

FAQ

What is Chesapeake Utilities Corporation's eastern shore — regulatory liabilities?
Chesapeake Utilities Corporation (CPK) reported eastern shore — regulatory liabilities of $34.2M in Q2 2026.
What does eastern shore — regulatory liabilities mean?
This metric represents the balance of regulatory liabilities specifically associated with the Eastern Shore natural gas transmission operations. These liabilities arise when the utility collects amounts from customers in advance of incurring related costs or when regulatory commissions mandate the deferral of specific financial obligations to be settled in future periods. Monitoring this balance is essential for understanding the timing of cash flows and the potential impact of future rate adjustments on the segment's financial position.

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