Every material Form 8-K Chesapeake Utilities filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Chesapeake Utilities reported third-quarter 2025 net income of $19.4 million, or $0.82 per diluted share, up from $17.5 million, or $0.78, a year earlier. For the nine months, net income was $94.2 million, or $4.03 per share, compared with $81.9 million, or $3.66. The company reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35 but raised its 2025 capital guidance to $425 million to $450 million.
Q3 adjusted gross margin rose $15.2 million, or 12.5%, to $137.2 million; operating income rose $4.1 million, or 10.0%, to $45.0 million.
Q3 adjusted EPS was $0.82 versus $0.80 a year earlier, including a $0.04 per share impact from $92.0 million of equity issued over the last twelve months.
2025 adjusted EPS guidance of $6.15 to $6.35 was reaffirmed, assuming a successful outcome on the FCG Depreciation Study.
The 2025 capital guidance range was increased to $425 million to $450 million, and the 2028 EPS guidance of $7.75 to $8.00 was affirmed.
Chesapeake Utilities expanded its board from seven to eight directors and appointed Elisabeth A. Eden as a Class II independent director, effective September 15, 2025. She also joined the Audit Committee and was named an audit committee financial expert, which adds to board oversight of financial reporting.
Board increased from seven to eight directors on September 12, 2025 to fill the new seat
Eden receives pro-rata non-employee cash retainer of $90,000, equity retainer valued at $120,000, and Audit Committee cash retainer of $8,500 for the September 2025 through May 2026 term
Eden is expected to stand for election at the 2026 Annual Meeting of Stockholders
Chesapeake Utilities reported second-quarter 2025 net income of $23.9 million, or $1.02 per diluted share, up from $0.82 a year earlier, and adjusted EPS of $1.04 versus $0.86. The company reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35 and raised its 2025 capital expenditure guidance to $375 million to $425 million. Shareholders get higher earnings and a larger 2025 spending plan, with the company's guidance assuming a successful outcome on the FCG Depreciation Study.
Q2 2025 net income $23.9 million ($1.02 per diluted share) vs. $18.2 million ($0.82) in Q2 2024
Q2 2025 adjusted EPS $1.04 vs. $0.86, growth of 20.9%; adjusted gross margin $142.8 million, up 12.8%
2025 adjusted EPS guidance of $6.15 to $6.35 reaffirmed; 2028 EPS guidance of $7.75 to $8.00 reaffirmed
2025 capital expenditure guidance raised to $375 million to $425 million; conference call set for August 8, 2025 at 8:30 a.m. Eastern
Chesapeake Utilities signed a Note Purchase Agreement dated August 1, 2025, authorizing up to $200 million of unsecured senior notes, with $150 million funded on August 1 and $50 million expected to fund on September 15, 2025. The company also exercised a one-year extension of its $250 million 364-day revolving credit facility, moving its maturity to August 4, 2026.
$150 million of senior notes closed and funded on August 1, 2025; $50 million expected to fund September 15, 2025
Notes carry fixed rates of 4.88% (Series 2025-A, due August 1, 2028), 5.16% (Series 2025-B, due August 1, 2031) and 5.02% (Series 2025-C, due September 15, 2030)
364-day revolver extended to August 4, 2026, with other terms unchanged
Chesapeake Utilities accepted the resignation of director Stephanie N. Gary, a Class I director and Audit Committee member, on July 25, 2025. The company said she resigned under its governance guidelines because of a change in her employment, not because of any disagreement with the company.
Stephanie N. Gary resigned as Class I director and as an Audit Committee member, accepted by the Board on July 25, 2025
Resignation was tied to a change in her employment under the Corporate Governance Guidelines
The filing states there was no disagreement with the company, its management, or its operations, policies or practices
Chesapeake Utilities reported first-quarter 2025 net income of $50.9 million, or $2.21 per diluted share, up from $46.2 million, or $2.07, a year earlier. The company said it continues to affirm its 2025 EPS guidance of $6.15 to $6.35 per share and its 2028 EPS guidance of $7.75 to $8.00 per share, which shareholders will weigh against the first-quarter gains.
Net income was $50.9 million ($2.21 per diluted share) for the first quarter of 2025, versus $46.2 million ($2.07) a year earlier.
Adjusted EPS, which excludes Florida City Gas transaction and transition costs, was $2.22 versus $2.10 in the first quarter of 2024.
Adjusted gross margin grew $17.9 million, or 10.9 percent, to $182.4 million, driven mainly by customer consumption and colder temperatures.
The company reaffirmed 2025 EPS guidance of $6.15 to $6.35 per share and 2025 capital expenditure guidance of $325 million to $375 million; a conference call is scheduled for May 8, 2025, at 8:00 a.m. Eastern Time.
Chesapeake Utilities reported full-year 2024 net income of $118.6 million, or $5.26 per diluted share, up from $87.2 million, or $4.73, in 2023. Adjusted EPS of $5.39 was in line with its previously announced guidance range, and the company reaffirmed its 2025 EPS guidance of $6.15 to $6.35 per share, which matters to shareholders because it signals the company expects to keep growing earnings. Growth was driven largely by the Florida City Gas acquisition, though higher interest expense and additional shares outstanding partly offset the gains.
Full-year 2024 net income was $118.6 million ($5.26 per diluted share), compared with $87.2 million ($4.73) in 2023.
Full-year 2024 adjusted EPS was $5.39, compared with $5.31 in 2023, excluding Florida City Gas transaction and transition-related expenses.
Fourth-quarter 2024 net income was $36.7 million ($1.60 per share), compared with $25.3 million ($1.26) a year earlier; adjusted EPS was $1.63 versus $1.64.
The company reaffirmed 2025 EPS guidance of $6.15 to $6.35 per share and 2024 capital expenditures totaled $356 million.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Chesapeake Utilities filing is on SEC EDGAR ↗. 8-K briefs of other companies →