Chesapeake Utilities Corp. (CPK)

NYSEUtilitiesRegulated GasSnapshot 2026-10-23

$134.28+0.08%

Close 2026-10-23 · 1-day change

Investment OutlookAs of Oct 24, 2026

What could strengthen or challenge Chesapeake Utilities Corp.’s outlook?

The long-term thesis, the evidence coming in, and the environment around it. Thesis dated Jul 8, 2026.

Higher potential upsideImproving expectations

Next-FY EPS estimate change · 30 days

Comparable estimates unavailable

+10% or more+5%0%−5%−10% or less

A matching fiscal period and sufficient coverage are required.

Higher risk of downsideWeakening expectations

One observable signal. This measures changing earnings expectations, not the probability of a gain or loss.

How this is measured

The calculation requires same-period, same-provider snapshots, positive EPS, at least five analysts and a baseline within three days of the requested lookback.

Measure / period	Management expectations	Analyst expectations
FY 2026 · Q4
Revenue	—	277.21M
EPS	—	1.995
FY 2026 · Annual
Revenue	—	1.03B
EPS	—	6.446
Capital expenditure	$100M–$550M	—
FY 2027 · Annual
Revenue	—	1.08B
EPS	—	7.33

What the Thesis Depends On

Three published thesis conditions, with dated milestones shown separately.

Key Factor	Why It Matters	Current Status	Break Condition	Latest Evidence
Capital spending $450M to $500M annually	The company invests $450M to $500M in capital spending yearly.	Broken	CAPEX falls below $450M or exceeds $500M significantly in 2026	Capital expenditures: $125M FY2026-Q2; GAAP. Published target: $450M to $500M CAPEX per year. Target period is not explicitly aligned with this observation. Source published Aug 6, 2026125,000,000 USD · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: stock_quarterly_financials_fmp. Reference: 2026-Q2. Source status: unverified. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement.
EPS reaches $7.75 to $8.00 by 2028	A primary condition in Chesapeake Utilities Corp.'s published investment case. The stated target is >= $7.75 EPS by 2028.	Intact	EPS falls below $7.75 by 2028	Diluted EPS: $1.05 per share FY2026-Q2; GAAP. Published target: >= $7.75 EPS by 2028. Target period is not explicitly aligned with this observation. Source published Aug 6, 20261.05 USD/share · source valueSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a11210d3-ad17-4c92-94f0-1a82cc0b0de4. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Reaffirmed in 4 quarters from 2025-Q4 through 2026-Q3. The 2028 EPS guidance range remains $7.75 to $8.00 per share. Adjusted EPS grew from approximately $6.25 in 2025, supporting the confidence in this long-term target. Management is consistently maintaining this growth expectation. Delivery assessment Oct 24, 2026
Revenue grows at least 5.5% per year	A primary condition in Chesapeake Utilities Corp.'s published investment case. The stated target is >= 5.5% YoY revenue growth.	Intact	YoY revenue growth falls below 5.5% next year	Revenue growth: 4.72% FY2026-Q2; GAAP. Published target: >= 5.5% YoY revenue growth. Target period is not explicitly aligned with this observation. Source published Aug 6, 20264.719917 percent · calculatedSource reportLast status assessment Oct 24, 2026 Measurement source consolidated · GAAP FY2026-Q2 · Period ending Jun 30, 2026 Source: company_financial_results. Reference: a11210d3-ad17-4c92-94f0-1a82cc0b0de4. Source status: eligible. Compare required operating outcomes Compare scope, accounting basis and period before treating this evidence as progress against an annual requirement. Management context Reaffirmed in 4 quarters from 2025-Q4 through 2026-Q3. The 2028 EPS guidance range remains $7.75 to $8.00 per share. Adjusted EPS grew from approximately $6.25 in 2025, supporting the confidence in this long-term target. Management is consistently maintaining this growth expectation. Delivery assessment Oct 24, 2026

Stored thesis · Jul 8, 2026. Latest Evidence uses source-matched measurements where available, alongside the last thesis-monitor assessment. Source periods and assessment dates are shown separately. A new measurement does not automatically change the published status or verify an older target.

Incoming Evidence

Compare these dated observations with the operating requirements above

Expectations trend

Same fiscal period

FY2027 · fiscal year ending 2027-12-31 · fmp

FY2027 EPSUnavailable

$7.32 → Unavailable · observed estimates

FY2027 revenue$1.08B

$1.07B → $1.08B · observed estimates

Exact estimates & source dates

One fiscal period and provider throughout. At least five contributors are required for each plotted metric; missing coverage stays a gap. Axes show the observed range. Counts measure coverage, not revisions.

FY2027 estimate observations · fmp
Snapshot	EPS	Revenue	EPS / revenue analysts
2026-07-24	$7.32	$1,072,397,400	6 / 5
2026-07-25	$7.32	$1,072,397,400	6 / 5
2026-07-26	Unavailable	$1,070,446,655	3 / 5
2026-07-27	$7.32	$1,072,397,400	6 / 5
2026-07-28	$7.32	$1,072,397,400	6 / 5
2026-07-29	Unavailable	$1,070,446,831	3 / 5
2026-07-30	Unavailable	$1,070,446,831	3 / 5
2026-07-31	$7.32	$1,072,397,400	6 / 5
2026-08-01	Unavailable	$1,070,446,831	3 / 5
2026-08-02	$7.32	$1,072,397,400	6 / 5
2026-08-03	$7.32	$1,072,397,400	6 / 5
2026-08-04	$7.32	$1,072,397,400	6 / 5
2026-08-05	Unavailable	$1,070,446,831	3 / 5
2026-08-06	Unavailable	$1,070,446,831	3 / 5
2026-08-07	Unavailable	$1,070,446,831	3 / 5
2026-08-08	$7.32	$1,069,197,400	6 / 5
2026-08-09	$7.32	$1,069,197,400	6 / 5
2026-08-10	Unavailable	$1,070,446,831	3 / 5
2026-08-11	Unavailable	$1,070,446,831	3 / 5
2026-08-12	Unavailable	$1,070,446,831	3 / 5
2026-08-13	$7.33	$1,072,416,600	6 / 5
2026-08-14	Unavailable	$1,070,446,831	3 / 5
2026-08-15	Unavailable	$1,070,446,831	3 / 5
2026-08-16	Unavailable	$1,070,446,831	3 / 5
2026-08-17	Unavailable	$1,070,446,831	3 / 5
2026-08-18	Unavailable	$1,070,446,831	3 / 5
2026-08-19	Unavailable	$1,070,446,831	3 / 5
2026-08-20	Unavailable	$1,070,470,750	3 / 5
2026-08-21	Unavailable	$1,070,470,750	3 / 5
2026-08-22	Unavailable	$1,070,470,750	3 / 5
2026-08-23	Unavailable	$1,070,470,750	3 / 5
2026-08-24	Unavailable	$1,070,470,750	3 / 5
2026-08-25	Unavailable	$1,070,470,750	3 / 5
2026-08-26	Unavailable	$1,070,470,750	3 / 5
2026-08-27	Unavailable	$1,070,470,750	3 / 5
2026-08-28	Unavailable	$1,070,470,750	3 / 5
2026-08-29	Unavailable	$1,070,470,750	3 / 5
2026-08-30	Unavailable	$1,070,470,750	3 / 5
2026-08-31	Unavailable	$1,070,470,750	3 / 5
2026-09-01	Unavailable	$1,070,470,750	3 / 5
2026-09-02	Unavailable	$1,070,470,750	3 / 5
2026-09-03	Unavailable	$1,070,470,750	3 / 5
2026-09-04	Unavailable	$1,070,470,750	3 / 5
2026-09-05	Unavailable	$1,070,470,750	3 / 5
2026-09-06	Unavailable	$1,070,470,750	3 / 5
2026-09-07	Unavailable	$1,070,470,750	3 / 5
2026-09-08	Unavailable	$1,070,470,750	3 / 5
2026-09-09	Unavailable	$1,070,470,750	3 / 5
2026-09-10	Unavailable	$1,070,470,750	3 / 5
2026-09-11	Unavailable	$1,070,470,750	3 / 5
2026-09-12	Unavailable	$1,064,956,600	3 / 5
2026-09-13	Unavailable	$1,064,956,600	3 / 5
2026-09-14	Unavailable	$1,064,956,600	3 / 6
2026-09-15	Unavailable	$1,064,956,600	3 / 6
2026-09-16	Unavailable	$1,064,956,600	3 / 6
2026-09-17	Unavailable	$1,069,140,167	4 / 6
2026-09-18	Unavailable	$1,069,140,167	4 / 6
2026-09-19	Unavailable	$1,069,140,167	4 / 6
2026-09-20	Unavailable	$1,069,140,167	4 / 6
2026-09-21	Unavailable	$1,069,140,167	4 / 6
2026-09-22	Unavailable	$1,069,140,167	4 / 6
2026-09-23	Unavailable	$1,069,140,167	4 / 6
2026-09-24	Unavailable	$1,069,140,167	4 / 6
2026-09-25	Unavailable	$1,069,140,167	4 / 6
2026-09-26	Unavailable	$1,069,140,167	4 / 6
2026-09-27	Unavailable	$1,069,140,167	4 / 6
2026-09-28	Unavailable	$1,069,140,167	4 / 6
2026-09-29	Unavailable	$1,069,140,167	4 / 6
2026-09-30	Unavailable	$1,069,140,167	4 / 6
2026-10-01	Unavailable	$1,075,580,667	4 / 6
2026-10-02	Unavailable	$1,075,580,667	3 / 6
2026-10-03	Unavailable	$1,075,580,667	3 / 6
2026-10-04	Unavailable	$1,075,580,667	3 / 6
2026-10-05	Unavailable	$1,075,580,667	3 / 6
2026-10-06	Unavailable	$1,075,580,667	3 / 6
2026-10-07	Unavailable	$1,075,580,667	3 / 6
2026-10-08	Unavailable	$1,075,580,667	3 / 6
2026-10-09	Unavailable	$1,076,764,000	3 / 6
2026-10-10	Unavailable	$1,076,764,000	3 / 6
2026-10-11	Unavailable	$1,076,764,000	3 / 6
2026-10-12	Unavailable	$1,076,764,000	3 / 6
2026-10-13	Unavailable	$1,076,764,000	3 / 6
2026-10-14	Unavailable	$1,076,764,000	3 / 6
2026-10-15	Unavailable	$1,076,764,000	3 / 6
2026-10-16	Unavailable	$1,076,764,000	3 / 6
2026-10-17	Unavailable	$1,076,764,000	3 / 6
2026-10-18	Unavailable	$1,079,597,333	3 / 6
2026-10-19	Unavailable	$1,079,597,333	3 / 6
2026-10-20	Unavailable	$1,079,597,333	3 / 6
2026-10-21	Unavailable	$1,079,597,333	3 / 6
2026-10-22	Unavailable	$1,079,596,900	3 / 6
2026-10-23	Unavailable	$1,079,596,900	3 / 6
2026-10-24	Unavailable	$1,079,596,900	3 / 6

Revenue and EPS estimates track expectations. They are not delivered results or like-for-like proof of a required annual path.

Compare required revenue and earnings

Analyst view

Monthly observations

Buy / Strong BuyHoldSell / Strong Sell

Exact monthly counts

Monthly rating snapshots · fmp. Missing snapshots are not zero.
Date	Buy*	Hold
2026-05-01	3	3
2026-06-01	3	3
2026-07-01	3	3
2026-08-01	3	3
2026-09-01	4	3
2026-10-01	4	3

*Buy includes Strong Buy; Sell includes Strong Sell. Monthly counts describe the analyst mix, not the firms behind each recent action.

Latest: 4 Buy / Strong Buy · 3 Hold · 0 Sell / Strong Sell

0 upgrades0 downgrades2 maintains

Recent actions · Sep 25–Oct 24 · 2 recorded

Price-target changes

30 days

○ Previous · ● Latest · common dollar scale

BarclaysOct 19

$134.00New observation · no comparable prior

Wells FargoSep 30

$136.00New observation · no comparable prior

$0$74.80$149.60

0 raises · 0 cuts · 0 unchanged · 2 without a comparable prior

How this is measured

Sep 25, 2026–Oct 24, 2026. Each firm's latest positive target is paired only with its immediately prior positive target from the same provider, at most 180 days earlier. Unmatched observations have one dot; conflicting observations are not compared.

Outlook in Brief

The evidence, the remaining questions, and what comes next

What's improving

No recovery evidence is reported in the available driver assessments.

Still unresolved / key risks

Capital spending $450M to $500M annuallyPublished status: Broken
EPS reaches $7.75 to $8.00 by 2028Diluted EPS: $1.05 per share
Revenue grows at least 5.5% per yearRevenue growth: 4.72%

Next proof point

Nov 5, 2026

Look for updated results and guidance against the published targets, plus direct evidence for unresolved drivers.

Review earnings

Bottom line

3 of 3 published conditions remain under pressure or need verification. The next results need to address those conditions.

The dated weekly assessment and its assumptions are available in Read detailed Outlook.

Historical risk context

Observed price history; separate from operating scenarios

Price sensitivity

0.8%Typical daily move · historical

Downside history

-13.5%Maximum drawdown · trailing year

Read detailed Outlook Company context, assumptions & risks

Chesapeake Utilities Corp. outlook in detail

The weekly editorial context below is a separate assessment from the dated monitor evidence above. Recovery observations do not automatically change the published thesis. Unverified outside influences are hypotheses, not measured driver evidence.

Updated Oct 24, 2026

What kind of bet this is

CPK is a regulated-utility and infrastructure growth story, with its multi-year view tied to investment and delivery rather than rapid change. The thesis is intact, though confidence has eased from high to medium and recent quarters have included earnings misses.

What's priced into Chesapeake Utilities Corp.

The evidence describes CPK as expensive, while also labeling its valuation expectations as justified and the risk of fragile pricing as low. The expectations gap is modest, but the valuation evidence is mixed, so the case depends on continued delivery rather than a clear peer discount.

What the fundamentals likely do

Near term, recent financial performance is strong relative to the industry, and management is on track with higher 2026 capital spending, the Florida Energy Pathway project, and its 2028 earnings guidance. A run of recent earnings misses remains a watch point, and a guidance cut would be a meaningful negative; the broader utility-sector backdrop is a headwind.

What Chesapeake Utilities Corp. hinges on

Over the multi-year view, the central question is whether CPK can keep executing its capital program and support its reaffirmed 2028 earnings range. Near term, a guidance cut would weaken the thesis, while rate cuts or continued strong results from utility peers could improve the sector backdrop.