CPK CHESAPEAKE UTILITIES CORP

Overview and Growth

In fiscal 2025, CHESAPEAKE UTILITIES CORP recorded $930.00M of revenue, net income of $140.30M, and an operating cash inflow of $233.70M. The $930.00M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 18.1% from $787.20M in fiscal 2024, increasing the company’s operating scale. The company reported diluted EPS of $5.97, adding a shareholder-level measure to the absolute income figures considered below. Against diluted EPS of $5.26 in fiscal 2024, the current result was 13.5% higher. Revenue equaled 0.23x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operations produced $255.90M of income after the reported operating expense base, before the remaining non-operating and tax effects. Operating margin measured 27.5%, showing the portion of revenue preserved after the full set of operating costs. The bottom-line result was net income of $140.30M, after the operating, financing, tax, and other items recognized for the period. The final earnings result represented 15.1% of revenue, connecting the absolute net income figure with the company’s top-line scale. The earnings statement records $193.00M of pretax income, the profit base against which the reported tax provision can be assessed. Pretax income represented 20.8% of revenue, placing earnings before tax in the context of the company’s operating scale. The company recognized $52.70M of income tax for the period, completing the transition from pretax income to net income. Relative to pretax income, the tax provision measured 27.3%, quantifying the portion of pre-tax earnings paid in income tax. The relationship between net income and period-end equity was 8.8%, indicating the profitability achieved on book capital. Net income represented 3.5% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

The near-term balance sheet paired $237.00M of current assets with $529.90M of current liabilities at the reporting date. At 0.45x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Reported cash and equivalents were $1.80M, separating immediately recognizable cash resources from the rest of the current-asset base. Cash and equivalents represented 0.3% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Total debt was $1.46B, establishing the amount of borrowing carried within the company’s capital structure. Debt equaled 0.91x of book equity, describing the relative scale of borrowing and shareholder capital. Debt represented 36.6% of total assets, placing borrowing in the context of the company’s full resource base. The cash-to-assets relationship was 0.0%, comparing reported cash and equivalents with the full positive asset balance. Compared with $3.58B in fiscal 2024, the current asset base moved 11.7% and finished higher. Book equity was 15.0% higher than fiscal 2024 equity of $1.39B, showing how shareholder capital changed year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $233.70M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Against net income, operating cash flow measured 1.67x, showing the relationship between accrual earnings and operating cash. Capital spending was $448.60M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 192.0%, connecting investment intensity with the company’s cash-generation base. Operating cash flow and capital spending combined to leave a $214.90M cash deficit after capital spending. The free-cash-flow deficit equaled 23.1% of revenue, showing the post-investment cash shortfall relative to sales. The cash deficit after capital spending represented 5.4% of the period-end asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.