Chesapeake Utilities Corp. (CPK) news stock charts
Chesapeake Utilities Corp. (CPK) Investment Summary:
Chesapeake Utilities Corporation, through its subsidiaries, engages in the distribution, transmission, and marketing of natural gas. The company distributes natural gas to residential, commercial, and industrial customers in central and southern Delaware, the Salisbury and Cambridge areas on Maryland?s Eastern Shore, and parts of Florida. It also supplies natural gas and provides supply management services. In addition, Chesapeake Utilities Corporation engages in the distribution and wholesale marketing of propane to independent petrochemical companies, resellers, and retail propane companies in Delaware, the Eastern Shore of Maryland and Virginia, southeastern Pennsylvania, and parts of Florida. As of December 31, 2008, the company distributed natural gas to 65,190 customers and propane to 35,170 customers, as well as delivered approximately 27.9 million retail and wholesale gallons of propane. It also operated a 379-mile natural gas transmission pipeline system. Further, Chesapeake Utilities Corporation provides information-technology-related business services and solutions for enterprise and e-business applications in the United States and internationally. The company was founded in 1859 and is based in Dover, Delaware.www.chpk.com
Founded in 1859
CHESAPEAKE UTILITIES CORP (CPK:NYSE)
LAST $30.27 USD
CHANGE TODAY -0.31 -1.01%
VOLUME 52.0K
As of 8:04 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of CHESAPEAKE UTILITIES CORP (CPK)
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OPEN
$30.65
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PREVIOUS CLOSE
$30.58
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DAY HIGH
$30.65
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DAY LOW
$29.83
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52 WEEK HIGH
08/4/09 - $35.00
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52 WEEK LOW
04/21/09 - $27.62
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MARKET CAP
285.6M
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AVERAGE VOLUME 10 D
36.3K
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EPS TTM
$2.26
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SHARES OUTSTANDING
9.4M
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EX-DATE
03/11/10
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P/E TTM
13.4x
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DIVIDEND
$1.26
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DIVIDEND YIELD
4.17%
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| K = Thousands M = Millions B = Billions | ||
Key developments for CHESAPEAKE UTILITIES CORP (CPK)
Chesapeake Utilities Corporation Enters into New $29.1 Million Credit Facility with PNC Bank
03/18/2010
Chesapeake Utilities Corporation entered into a new $29.1 million credit facility with PNC Bank, N.A. The credit facility, which was structured in the form of a term note, increases the total loan capacity available from PNC Bank, N.A. from $50 million to $79.1 million. Advances made by the bank under the term note will bear interest at LIBOR for the applicable period plus 125 basis points or if LIBOR as an index is not available, the Banks Base Rate (as defined in the term note agreement) plus 225 basis points. The term note is being utilized to refinance Florida Public Utilities companys 6.85% and 4.90% First Mortgage Bonds that were acquired as part of the merger in October 2009 and then redeemed in January 2010. The company requested and received an advance of the full amount available under the term note under the LIBOR pricing option. The company has borrowed under the term note for a nine-month period, with the facility maturing in one year.
Chesapeake Utilities Corporation expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 16, 2010).
03/16/2010
Chesapeake Utilities Corporation expected to Report Q1 2010 Results on May 3, 2010. This event was calculated by Capital IQ (Created on March 16, 2010).
Chesapeake Utilities Partners with Mountaire Farms to Expand Natural Gas Service in Millsboro, Delaware
03/15/2010
Chesapeake Utilities Corporation announced the signing of an agreement with Mountaire Farms of Delaware Inc. to provide the poultry plant with natural gas service. Bringing natural gas to Mountaire Farms requires Chesapeake Utilities to extend its distribution main infrastructure by over 2.5 miles along with an extension of 1.7 miles in Sussex County of its transmission pipeline system. The anticipated annual margin from the consumption of natural gas at the Mountaire Farm's Millsboro facility equates to approximately 850 average residential heating customers. In addition, by replacing Mountaire Farms' current energy source with natural gas service, Mountaire will directly reduce their carbon emissions by over 25% which equates to taking more than 1,000 cars off the road that drive 12,000 miles a year at 20 miles per gallon.
Chesapeake Utilities Corp. financial resources
CPK Competitors
| Company | Last | Change |
| Corning Natural Gas Corp | $20.50 USD | 0.00 |
| Delta Natural Gas Co Inc | $29.52 USD | -0.43 |
| Energy Inc/MT | $10.04 USD | -0.09 |
| RGC Resources Inc | $31.00 USD | -0.15 |
| South Jersey Industries Inc | $42.06 USD | +0.11 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CPK | Industry Range |
| Price/Earnings | 14.2x |
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| Price/Sales | 1.0x |
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| Price/Book | 1.2x |
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| Price/Cash Flow | 10.4x |
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| TEV/Sales | 0.4x |
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CPK |
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CPK transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Chesapeake Utilities Corp.
CHESAPEAKE UTILITIES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
2010-03-19 06:45:28
Quote: Entry into a Material Definitive Agreement.
On March 16, 2010, Chesapeake Utilities Corporation ("Chesapeake" or "the
Company") entered into a new $29.1 million credit facility with PNC Bank, N.A.
The credit facility, which was structured in the form of a term note, increases
the total loan capacity available from PNC Bank, N.A. from $50 million to
$79.1 million. Advances made by the bank under the term note will bear interest
at LIBOR for the applicable period plus 125 basi...Read article
Chesapeake Utilities Partners With Mountaire Farms to Expand Natural Gas Service in Millsboro, Delaware
2010-03-18 02:17:54
Quote: DOVER, Del., March 15 /PRNewswire-FirstCall/ -- Chesapeake Utilities today announced the signing of an agreement with Mountaire Farms of Delaware, Inc. of Millsboro, Delaware to provide the poultry plant with natural gas service. "We're very excited about the opportunity to bring efficient, clean-burning natural gas to Mountaire Farms and the surrounding community in Eastern Sussex County," said Jeffrey TietbohlNYSECPKNews). "The demand for natural gas is growing as we continue to see an interes...Read article
BravePoint Adds SQL Server Support to Managed DBA Services
2010-03-16 07:25:21
Quote: Â "If I have something I don't understand, or I have a problem that needs immediate attention, I can call BravePoint and it's taken care of any time, day or night."Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake's businesses is available at www.chpk.com.A...Read article
Chesapeake Utilities Partners With Mountaire Farms to Expand Natural Gas Service in Millsboro, Delaware
2010-03-16 07:25:20
Quote: DOVER, Del., March 15 /PRNewswire-FirstCall/ -- Chesapeake Utilities today announced the signing of an agreement with Mountaire Farms of Delaware, Inc. of Millsboro, Delaware to provide the poultry plant with natural gas service. "We're very excited about the opportunity to bring efficient, clean-burning natural gas to Mountaire Farms and the surrounding community in Eastern Sussex County," said Jeffrey TietbohlNYSECPKNews). "The demand for natural gas is growing as we continue to see an interes...Read article
BravePoint Adds SQL Server Support to Managed DBA Services
2010-03-12 01:07:36
Quote: Â "If I have something I don't understand, or I have a problem that needs immediate attention, I can call BravePoint and it's taken care of any time, day or night."Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing, electric distribution, propane gas distribution and wholesale marketing, advanced information services and other related services. Information about Chesapeake's businesses is available at www.chpk.com.A...Read article
Chesapeake Utilities Corporation Announces Increased Financial Results For 2009
2010-03-10 07:04:54
Quote: Read article
Chesapeake Utilities 4Q profit rises 41 percent
2010-03-10 07:04:53
Quote: (AP) -- Chesapeake Utilities Corp. said Friday that its fourth-quarter profit rose, helped partly by improved gross margin and increased natural gas marketing spot sales.The utility company's earnings climbed 41 percent to $6.2 million, or 71 cents per share, from $4.4 million, or 64 cents per share, a year earlier.Removing costs related to the acquisition of Florida Public Utilities Co., profit was 73 cents per share.The performance surpassed the 65 cents-per-share estimate of analysts surveyed...Read article
Chesapeake Utilities Corporation Announces Increased Financial Results For 2009
2010-03-08 01:27:45
Quote: Read article
Chesapeake Utilities Sees 4Q Net Rise 40%
2010-03-08 01:27:44
Keywords: earnings, Chesapeake Utilities, chesapeake utilities earnings
Quote: Chesapeake Utilities (CPK) posted a stronger-than-expected40% jump in net income on Friday as the company benefited from the integration of Florida Public Utilities.The Delaware-based company said it earned $6.2 million, or 71 cents a share, last quarter, compared with a profit of $4.4million, or 64 cents a share, in the year-earlier period. Excluding merger-related charges, it would have earned 73 centsa share, easily beating the Street’s view of 65 cents.Operating revenue rose to $...Read article
CHESAPEAKE UTILITIES CORP Files SEC form 8-K, Results of Operations and Financial Condition
2010-03-08 01:27:44
Quote: CHESAPEAKE UTILITIES CORPRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
CHESAPEAKE UTILITIES CORP
5-Mar-2010Results of Operations and Financial ConditionPrivacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC
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(1-800-416-6651). All information provided "as is"
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Neither Yahoo! nor any of
independent providers is liable for any informat...Read article
Chesapeake Utilities 4Q profit rises 41 percent
2010-03-08 01:27:44
Quote: (AP) -- Chesapeake Utilities Corp. said Friday that its fourth-quarter profit rose, helped partly by improved gross margin and increased natural gas marketing spot sales.The utility company's earnings climbed 41 percent to $6.2 million, or 71 cents per share, from $4.4 million, or 64 cents per share, a year earlier.Removing costs related to the acquisition of Florida Public Utilities Co., profit was 73 cents per share.The performance surpassed the 65 cents-per-share estimate of analysts surveyed...Read article
Chesapeake Utilities Corporation Announces Executive and Board Appointments
2010-02-26 02:55:58
Quote: Read article
Chesapeake Utilities Corporation Announces Executive and Board Appointments
2010-02-25 08:35:07
Quote: Read article
Chesapeake Utilities Corporation's Board of Directors Names Joseph Cummiskey to Vice President
2010-02-18 07:23:37
Quote: Schimkaitis, President and Chief Executive Officer of Chesapeake Utilities Corporation (NYSE: CPK), today announced that the Board of Directors promoted Joseph Cummiskey to Vice President of the Company at their meeting on December 15, 2009. In this position, Mr. Cummiskey will oversee Chesapeake unregulated energy operations including Sharp Energy, Inc., Xeron, Inc. and Peninsula Energy Services Company, Inc. (PESCO).Additionally, Mr. Cummiskey was named President of PESCO, the Company's natura...Read article
Natural Gas Prices Will Remain In $5/Mcf To $6/Mcf Range For 2010 Due To Inventory Of Drilled Wells And Current Supply Levels
2010-02-18 07:23:37
Quote: Read article
Sharp Energy Acquires the Operating Assets of Virginia LP Gas, Inc.
2010-02-18 07:23:36
Quote: 4 /PRNewswire-FirstCall/ -- Sharp Energy, Inc., a subsidiary of Chesapeake Utilities Corporation, announced today its purchase of the operating assets of Virginia LP Gas, Inc., a propane distributor serving Northampton and Accomack Counties in Virginia. The transaction is part of Sharp Energy's overall strategy to acquire complementary retail operations that will increase the value of the overall Sharp Energy operations.Locally owned and operated since 1976, Sharp Energy has enjoyed a long-stand...Read article
Sharp Energy Acquires the Operating Assets of Virginia LP Gas, Inc.
2010-02-05 08:33:40
Quote: 4 /PRNewswire-FirstCall/ -- Sharp Energy, Inc., a subsidiary of Chesapeake Utilities Corporation, announced today its purchase of the operating assets of Virginia LP Gas, Inc., a propane distributor serving Northampton and Accomack Counties in Virginia. The transaction is part of Sharp Energy's overall strategy to acquire complementary retail operations that will increase the value of the overall Sharp Energy operations.Locally owned and operated since 1976, Sharp Energy has enjoyed a long-stand...Read article
CHESAPEAKE UTILITIES CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
2010-01-21 02:22:13
Quote: Entry into a Material Definitive Agreement.
Chesapeake Utilities Corporation ("Chesapeake" or "the Company") announced today
that it has entered into agreements with one of its commercial lenders regarding
the short-term lines of credit available from that financial institution. These
agreements increase the maximum principal amount available for borrowing under
the committed short-term loan facility, and the uncommitted loan facility. The
total loan capacity available from...Read article
CHESAPEAKE UTILITIES CORP Files SEC form 8-K, Other Events
2010-01-15 03:24:16
Quote: Item 8.01 Other Events.
On January 8, 2010, Chesapeake Utilities Corporation ("Chesapeake" or "the
Company") learned that the Hearing Examiner for the Delaware Public Service
Commission ("DPSC") filed his official report on the pricing practices of the
Company's Delaware Division relating to temporary releases of pipeline
transportation capacity and whether those practices are in compliance with the
terms and conditions of prior orders issued by the DPSC with resp...Read article
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