| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 38 | 20.7x | 17.8x | Bottom tier | |
Growth | 66 | 14.6% | 7.1% | Top tier | |
Quality | 41 | 7.0% | 4.5% | Around median | |
Safety | 41 | 4.5x | 2.6x | Around median | |
Capital Return | 45 | 2.15% | 2.12% | Around median | |
Momentum | 59 | 7.9% | 2.9% | Around median | |
Sentiment | 68 | 4 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Chesapeake Utilities Corporation operates in natural gas transmission and distribution and the construction of energy-related infrastructure through regulated businesses concentrated in Delmarva and Florida, alongside unregulated energy activities that include propane, Aspire services, and CNG, RNG, and LNG services. Earnings growth depends primarily on capital investment in transmission and distribution networks, followed by cost recovery and earning a return through regulatory frameworks, with additional benefits from customer growth and natural gas demand in its service areas.
In fiscal 2026 Q2, revenue was $201.9 million, net income was $25.4 million, and earnings per share were $1.05. On an adjusted basis, gross margin was approximately $150 million, up 5% from fiscal 2025 Q2, while adjusted net income rose 5% to approximately $25 million. Adjusted earnings per share increased only 1% to $1.05 because of shares the company issued during the previous twelve months to support its target capital structure.
The regulated segment accounted for most of the earnings mix in fiscal 2026 Q2, generating an adjusted gross margin of approximately $125 million, or nearly 83% of the company total, while regulated operating income increased 7% to approximately $55 million. The unregulated energy segment generated an adjusted margin of approximately $25 million, up 2%, while operating expenses during the first half of fiscal 2026 represented 45% of gross margin, the lowest ratio the company has recorded according to the call.
Automated analysis for informational purposes only — not investment advice.
The average analyst target is $142, identical to both the highest and lowest targets and accompanied by a Buy consensus, but it does not provide a diverse range of views because all consensus boundaries are equal. This target is slightly above the top of the 52-week range of $140.83, compared with a low of $118.88, while the data does not include a valid earnings multiple for assessing the share price relative to earnings. Therefore, the consensus valuation depends heavily on execution of the investment program and fiscal 2028 earnings-per-share guidance of $7.75–8.00, while financing and regulatory risks remain.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The biggest driver is the Florida Energy Pathway, a 97-mile intrastate natural gas transmission project in Florida with a total investment of approximately $1.2 billion. The pipeline runs from Palm Beach County to Miami-Dade County and is supported by commitments of approximately 250 thousand dekatherms per day from several investment-grade shippers. Peninsula Pipeline Company plans to own and finance at least 51% of it, with a partner potentially owning up to 49%. The company targets placing the project into service in 2030.
Revenue was $201.9 million, net income was $25.4 million, and earnings per share were $1.05 in fiscal 2026 Q2. On an adjusted basis, gross margin was approximately $150 million, up 5% from fiscal 2025 Q2. Adjusted net income rose 5% to approximately $25 million, but adjusted earnings per share increased only 1% to $1.05. The regulated segment generated an adjusted margin of approximately $125 million, compared with approximately $25 million for the unregulated energy segment.
The company reaffirmed fiscal 2028 earnings-per-share guidance of $7.75 to $8.00, compared with $5.97 in fiscal 2025. It raised fiscal 2026 capital expenditure guidance by $100 million to a range of $550–600 million. It also expects investment to exceed $2.2 billion during the period from 2024 to 2028. It set February 2027 as the date for providing capital expenditure and earnings growth rate guidance for the period from 2027 to 2031.
Florida City Gas requested a base rate adjustment of approximately $47 million and a return on equity of 11.25%. In late July 2026, the Florida Commission approved an annual interim adjustment of $16 million, which the company expects to generate more than $6 million in revenue in fiscal 2026. However, the Office of Public Counsel took a position opposing the company's request, and management did not confirm that a settlement could be reached. Management stated on the August 7, 2026 call that it was prepared for full litigation if necessary.
The equity capitalization ratio was 50% on June 30, 2026, and 70% of total debt capacity of $798 million was available on that date. The company also increased the capacity of its revolving credit agreement by $200 million to $650 million, divided between a $250 million 364-day tranche and a $400 million five-year tranche expiring in August 2031. In contrast, debt and equity issuances reduced adjusted earnings per share by $0.05 in fiscal 2026 Q2. The company intends to retain 50% to 55% of earnings to support investment and reduce the need for external financing.
Higher depreciation, amortization, and property taxes reduced adjusted earnings per share by $0.11 as a result of increased capital investment. Utility, vehicle, and insurance expenses reduced it by $0.05, while collection and customer service costs reduced it by $0.04 and wages and benefits by $0.03. Lower CNG, RNG, and LNG services also had a negative impact of $0.04 per share. Alongside these pressures, management acknowledged on August 7, 2026 that customer growth had slowed from previous peak levels, although it did not consider this concerning in its service areas at that time.
