Financial Tear Sheet
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange (NYSE:CPK) headquartered in Dover, Delaware. Chesapeake Utilities Corporation engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution, mobile Compressed Natural Gas services, and other businesses. Chesapeake Utilities also recently announced plans for its latest investment into Renewable Natural Gas.
We are focused on delivering outstanding service and generating sustainable growth that delivers long-term value for our employees, customers, investors, and other stakeholders.
Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy Corporation, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
Our Financial Discipline – A tried and true test of growth and shareholder value
Financial discipline requires us to plan with clear, realistic economic objectives and to deal with the real facts - even taking corrective actions when needed. We examine new opportunities with strict financial measures while looking at near-term earnings and long-term growth. We will not undertake projects that do not meet the required hurdle rates. We are committed to maintaining steady growth and considering strategic investments (including acquisitions) that will further strengthen and diversify our businesses. Practicing this discipline is not just the focus of our financial team, it’s a trait shared across the entire Company. When our business unit managers look at opportunities, one of the first things they do is probe the economics. Understanding our customers’ needs and staying disciplined enables us to cultivate projects that can deliver the required economic benefits for our investors.
The chart below depicts how CPK compares to its peers in ROE vs. Capital Expenditures. As you see, CPK is investing in high quality investments while still maintaining a high return. As shown in the chart below, we are exceeding the 75th percentile in terms of performance (both investment and ROE) compared to our peers.
Shareholder and Broker Contact
Heidi W. Watkins
Shareholder Services Manager
Phone: 888.742.5275 (Toll Free)
Analyst and Portfolio Manager Contacts
Thomas E. Mahn
Vice President and Treasurer
Beth W. Cooper
Executive Vice President and Chief Financial Officer
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Data as of 10/28/20 3:27 PM EDT
Data Provided by Refinitiv. Minimum 15 minutes delayed.