Chesapeake Utilities Corporation (CPK) Stock

Chesapeake Utilities Corporation (CPK) is a Utilities stock trading at $134.14 (as of 2026-08-21), with a market capitalization of $3.23B and a trailing P/E of 21.5. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Insufficient information: the SEC 10‑K “Business” (Item 1) text for Chesapeake Utilities Corporation was not provided. Please paste the Item 1 “Business” section (or the relevant excerpts), and I will produce a 1–2 sentence, ~45-word, JSON-formatted description based only on that text.

Understand Chesapeake Utilities Corporation: how it makes money

Chesapeake Utilities delivers natural gas and electric services through its Regulated Energy business, and sells propane through its Unregulated Energy business, earning money from operating revenues generated by these utility and propane operations.

Profit is primarily built on operating revenues from the Regulated Energy utility businesses across its service territories (natural gas distribution and transmission, plus electric distribution), with additional contribution from Unregulated Energy propane operations in selected states.

Revenue by segment (latest quarter)
Regulated	$0.3B
Unregulated	$0.1B

Business quality (Strong): The company has a straightforward two-segment structure (Regulated Energy and Unregulated Energy) with a reported operating margin, and the provided operating metrics focus on operating revenues rather than more detailed operational drivers.

Valuation: At 20× earnings, CPK trades 10% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Two complementary energy delivery businesses: The company operates Regulated Energy (natural gas distribution and transmission, plus regulated electric distribution) and Unregulated Energy (propane operations), which helps define where earnings come from.
Regulated Energy is the larger revenue contributor: Based on the latest segment revenue candidates, Regulated Energy is larger than Unregulated Energy (about 0.25B vs 0.11B).
Strong reported operating profitability: For the latest period shown, the company reports an operating margin of 28.2%.

Bear case

Smaller Unregulated share: Unregulated Energy is the smaller segment by the provided revenue candidates, so it provides less overall cushioning if that segment underperforms relative to Regulated Energy.
Geographic and service concentration: The segment activities are focused in specific states and regions (for example, Delaware, Maryland's eastern shore, and Florida for regulated activities, and Mid-Atlantic through parts of the Southeast for propane), which can limit exposure diversity.

Valuation — source: SEC EDGAR (first-party)
Price	$134.14
Market Cap	$3.23B
P/E Ratio	21.5
EV / EBITDA	13.2
Price / Book	1.93
Price / Sales	3.25
FCF Yield	-6.0%
DCF Value (model)	$55.64
DCF Upside vs Price	-58.5%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$930.00M
Net Margin	15.1%
Revenue Growth (YoY)	4.7%
EPS Growth (YoY)	2.9%
FCF Growth (YoY)	-35.7%

Financial Health — source: SEC EDGAR
Altman Z-Score	1.38 (distress)

Valuation vs Sector & Industry
Stock P/E	21.5
Sector P/E (Utilities)	20.8
Industry P/E (Utilities)	20.1
vs Sector	3.3%
vs Industry	7.2%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($452.57M)
Institutional Holders Tracked	10

Company
Sector	Utilities
Industry	Utilities
CEO	Jeffry Householder
Employees	1,200
Country	US
IPO Date	1980-03-17

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.