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Chesapeake Utilities (CPK)

Chesapeake Utilities Corporation is a diversified energy delivery compan which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses.

Company profile

Ticker
CPK
Exchange
Website
CEO
Jeffry Householder
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Eastern Shore Natural Gas Company • Sharp Energy, Inc. • Chesapeake Service Company • Chesapeake OnSight Services, LLC • Peninsula Energy Services Company, Inc. • Peninsula Pipeline Company, Inc. • Florida Public Utilities Company • Sandpiper Energy, Inc. • Aspire Energy • Marlin Gas Services, LLC ...
IRS number
510064146

CPK stock data

Calendar

3 Aug 22
16 Aug 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 4.19M 4.19M 4.19M 4.19M 4.19M 4.19M
Cash burn (monthly) 340.67K 68.75K (no burn) (no burn) (no burn) (no burn)
Cash used (since last report) 535.35K 108.04K n/a n/a n/a n/a
Cash remaining 3.65M 4.08M n/a n/a n/a n/a
Runway (months of cash) 10.7 59.3 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 22 John R Schimkaitis Common Stock Sell Dispose S No No 130.547 700 91.38K 85,516
1 Jul 22 John R Schimkaitis Common Stock Sell Dispose S No No 129.779 1,160 150.54K 86,216
1 Jul 22 John R Schimkaitis Common Stock Sell Dispose S No No 128.81 640 82.44K 87,376
1 Jun 22 Forsythe Ronald G Jr Common Stock Payment of exercise Dispose F No No 134.2151 120 16.11K 7,716
4 May 22 Dennis S Hudson Iii Common Stock Grant Acquire A No No 130.36 652 84.99K 15,820
9.2% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 248 243 +2.1%
Opened positions 27 47 -42.6%
Closed positions 22 12 +83.3%
Increased positions 88 78 +12.8%
Reduced positions 81 74 +9.5%
13F shares Current Prev Q Change
Total value 1.82B 1.91B -5.0%
Total shares 13.2M 13.14M +0.5%
Total puts 0 6.2K EXIT
Total calls 0 5.2K EXIT
Total put/call ratio 1.2
Largest owners Shares Value Change
BLK Blackrock 2.65M $365.17M -0.5%
TROW T. Rowe Price 2.21M $304.57M -4.9%
Vanguard 1.32M $181.77M +1.9%
STT State Street 612.6K $84.68M +5.0%
First Trust Advisors 458.9K $63.22M +2.7%
Dimensional Fund Advisors 437.74K $60.3M -0.6%
BK Bank Of New York Mellon 400.55K $55.18M +1.5%
GS Goldman Sachs 377.34K $51.98M -2.5%
Geode Capital Management 304.78K $41.99M +2.1%
Copeland Capital Management 262.32K $36.14M +1.8%
Largest transactions Shares Bought/sold Change
TROW T. Rowe Price 2.21M -114.56K -4.9%
Victory Capital Management 7.76K -71.45K -90.2%
Moody Aldrich Partners 63.42K +63.42K NEW
Clark Capital Management 123.25K +45.88K +59.3%
STT State Street 612.6K +28.96K +5.0%
Vanguard 1.32M +24.49K +1.9%
JPM JPMorgan Chase & Co. 111.07K +20.42K +22.5%
HBCYF HSBC 84K +16.02K +23.6%
Cubist Systematic Strategies 21.83K +15.67K +254.2%
BCS Barclays 16.08K -14.76K -47.9%

Financial report summary

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Competition
RayonierWRKCoWestRock
Management Discussion
  • Chesapeake Utilities is a Delaware corporation formed in 1947. We are a diversified energy company engaged, through our operating divisions and subsidiaries, in regulated energy, unregulated energy and other businesses. We operate primarily on the east coast of the United States and provide natural gas distribution and transmission; electric distribution and generation; propane gas distribution; mobile compressed natural gas services; steam generation; and other energy-related services.
  • In March 2020, the CDC declared a national emergency due to the rapidly growing outbreak of COVID-19. In response to this declaration and the rapid spread of COVID-19 within the United States, federal, state and local governments throughout the country imposed varying degrees of restrictions on social and commercial activity to promote social distancing in an effort to slow the spread of the illness. These restrictions significantly impacted economic conditions in the United States beginning in 2020 and persisted throughout 2021, though to a lesser extent. Chesapeake Utilities is considered an “essential business,” which allowed us to continue operational activities and construction projects while social distancing restrictions were in place.
  • As of June 30, 2022, these restrictions have predominantly been lifted as vaccines have become widely available in the United States. Previously existing states of emergency in all of our service territories expired during the second and third quarters of 2021, eliminating a majority of restrictions initially implemented to slow the spread of the virus. The expiration of the states of emergency along with the settlement of our limited proceeding in Florida, has concluded our ability to defer incremental pandemic related costs for consideration through the applicable regulatory process. We have adjusted our operating practices accordingly to ensure the safety of our operations and will take the necessary actions to comply with the CDC, and the Occupational Safety and Health Administration, as new developments occur.

Content analysis

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Positive
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8th grade Avg
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