Chesapeake Utilities Corporation (CPK) Earnings: Q3 2026 Results

The quarter ended September 30, 2026 and Chesapeake Utilities published the results on November 5, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Chesapeake Utilities reports EPS two ways: GAAP, under the accounting rules every US filer follows, and Adjusted EPS, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Chesapeake Utilities' earnings are seasonal: the first and fourth quarters carry most of the heating load, so the third quarter is its smallest. Compare Q3 with the year-ago Q3, not with the prior quarter.
• Adjusted EPS excludes Florida City Gas (FCG) transaction and transition-related expenses. There were none in Q3 2026, so GAAP and adjusted EPS were both $0.89.

Source: Chesapeake Utilities Q3 2026 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Chesapeake Utilities splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.

• Chesapeake Utilities's Regulated Energy revenue was $165 million in Q3 2026, up 13% from $146 million in Q3 2025, 84% of total revenue.
• Chesapeake Utilities's Unregulated Energy revenue was $37.8 million in Q3 2026, down 7% from $40.7 million in Q3 2025, 19% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q3 2026 release, Chesapeake Utilities said:

“The Company affirms its 2026 capital expenditure guidance of $550-$600 million, driven primarily by increases in its regulated transmission (including initial investments in FEP), distribution and infrastructure investments.”

“For the five-year period ended 2028, the Company expects total capital investment to exceed $2.2 billion.”

“The Company also continues to reaffirm its 2028 earnings guidance of $7.75-$8.00 per share.”

Source: Chesapeake Utilities Q3 2026 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the CPK forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP operating revenues and diluted EPS, each as first reported in that quarter's release. The pattern is seasonal: heating demand makes the first and fourth quarters the largest.

We do not hold a confirmed date for Chesapeake Utilities's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q3 2026 (this page), reported Nov 5, 2026

Chesapeake Utilities reported total operating revenues of $195.8 million in Q3 2026, against $179.6 million a year earlier. Regulated Energy brought in $165.0 million and Unregulated Energy $37.8 million, with $7.0 million of other businesses and eliminations netted off the total. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

Regulated Energy covers natural gas distribution (FPU and FCG in Florida, Delmarva Natural Gas in Delaware and Maryland), natural gas transmission (Eastern Shore, Peninsula Pipeline and Aspire Energy Express) and FPU's electric distribution in Florida. Its rates are set by state regulators, or by FERC for the interstate Eastern Shore pipeline, and the cost of the gas and electricity it delivers is passed through to customers under fuel cost recovery mechanisms. FCG, bought from Florida Power & Light, serves approximately 125,000 residential and commercial customers in eight Florida counties. (Chesapeake Utilities Form 10-K, 2025, Feb 25, 2026)

Chesapeake Utilities manages the business on adjusted gross margin, which takes out the purchased cost of gas, propane and electricity. Adjusted gross margin rose to $148.7 million from $137.2 million. The company's bridge credits rate case activity ($3.1 million pre-tax), transmission service expansions ($2.9 million), regulated infrastructure programs ($2.8 million) and natural gas growth ($1.9 million), partly offset by the absence of $1.8 million of recovered Hurricane Michael costs. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

Unregulated Energy revenue fell to $37.8 million from $40.7 million. The 10-Q puts the lower Unregulated Energy gross margin of $5.6 million, against $7.8 million, down to lower volumes in its CNG, RNG and LNG transportation and hold services and lower overall propane margins. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026; Chesapeake Utilities Form 10-Q, Q3 2026, Nov 5, 2026)

Regulatory decisions drive much of the growth. A Florida City Gas interim rate increase of $16.2 million on an annualized basis took effect in July 2026, and Chesapeake Utilities expects a final decision on the FCG rate case in December 2026. It also agreed a joint venture with NextEra Energy Resources, which will finance and own 49 percent of the Florida Energy Pathway, a $1.2 billion, 97-mile intrastate gas transmission project in South Florida. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

Chesapeake Utilities earned GAAP diluted EPS of $0.89 in Q3 2026, against $0.82 a year earlier, on net income of $21.6 million. Its Adjusted EPS excludes FCG transaction and transition-related expenses; there were none this quarter, so the two measures match. A year earlier those costs were $0.1 million after tax, too small to change EPS. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

The share count is rising because Chesapeake Utilities funds its capital plan partly with equity. Diluted weighted average shares were 24,300 thousand, against 23,629 thousand a year earlier, and the release counts a $0.03 EPS drag from shares issued under the dividend reinvestment plan and the at-the-market program. In September 2026 it set up a new ATM program of up to $225 million, which can use forward sale agreements. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026; Chesapeake Utilities Form 10-Q, Q3 2026, Nov 5, 2026)

Higher costs absorbed part of the margin gain. Payroll and benefits cut pre-tax income by $3.9 million, facilities, maintenance and outside services by $3.1 million, and interest charges by $0.8 million. The effective income tax rate was 28.0 percent, against 28.1 percent. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026; Chesapeake Utilities Form 10-Q, Q3 2026, Nov 5, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Chesapeake Utilities guides on capital spending and on a 2028 EPS target, not on quarterly results. In the Q3 2026 release it affirmed 2026 capital expenditure guidance of $550 to $600 million, said capital investment for the five years ending 2028 should exceed $2.2 billion, and reaffirmed 2028 EPS guidance of $7.75 to $8.00. It invested $412.8 million through the first nine months. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

Chesapeake Utilities said it expects to update its long-term guidance on the full-year 2026 call in February 2027, with a capital range and EPS growth rate for 2027 to 2031 and 2027 capital expenditure guidance. (Chesapeake Utilities Q3 2026 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Chesapeake Utilities, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Chesapeake Utilities's own release and filings put weight on for Q3 2026, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning CPK is on is CPK a buy or a sell?, what analysts expect next is on the CPK forecast, and what the company does is on the Chesapeake Utilities Corporation (CPK) stock page.

Every number on this page can be traced to a document Chesapeake Utilities published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.