Chesapeake Utilities (CPK) Investor presentation summary

Strategic vision and growth pillars

• Mission centers on delivering energy to improve lives and communities, with a vision for sustainability and leadership in the energy sector.

• Growth strategy is built on three pillars: prudent capital deployment, proactive regulatory management, and continual business transformation.

• Focus on operational excellence, technology transformation, and a highly engaged workforce to drive long-term value.

Financial performance and guidance

• Achieved Q1 2025 adjusted EPS of $2.22, up 6% year-over-year; adjusted net income rose 9% and adjusted gross margin increased 11%.

• 2025 adjusted EPS guidance is $6.15–$6.35, with 2028 guidance of $7.75–$8.00, reflecting a 14–18% growth rate.

• Dividend per share increased for 22 consecutive years, with a 10-year CAGR of 9% and annual shareholder return of 12%+ over the past decade.

Capital investment and project pipeline

• Five-year capital expenditure guidance is $1.5–$1.8 billion, with $1.4 billion of identified projects supporting organic and infrastructure growth.

• Major projects include the $100M Worcester Resiliency Upgrade, Miami Inner Loop, and multiple renewable natural gas (RNG) initiatives.

• Transmission and infrastructure investments are expected to drive significant margin growth, with 14+ new projects coming online in 2024–2025.