Chesapeake Utilities (CPK) financial statements
Chesapeake Utilities reported revenue of $930M in fiscal 2025, up 7.2% a year over 9 years.
Net income was $140M and the operating margin 27.5%, against 17.2% in 2016.
Free cash flow was -$215M, and the company returned $61M in dividends.
The diluted share count rose 50% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Chesapeake Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $499M | $450M | $490M | $480M | $488M | $570M | $681M | $671M | $787M | $930M |
| Operating income | $86M | $90M | $95M | $106M | $113M | $131M | $143M | $151M | $228M | $256M |
| Interest expense | $11M | $13M | $16M | $22M | $22M | $20M | $24M | $37M | $68M | $72M |
| Pre-tax income | $73M | $75M | $78M | $82M | $94M | $113M | $124M | $115M | $162M | $193M |
| Income tax | $28M | $15M | $21M | $21M | $24M | $29M | $34M | $28M | $43M | $53M |
| Net income | $45M | $58M | $57M | $65M | $71M | $83M | $90M | $87M | $119M | $140M |
| EPS (diluted) | $2.86 | $3.55 | $3.45 | $3.96 | $4.26 | $4.73 | $5.04 | $4.73 | $5.26 | $5.97 |
| Diluted shares | 16M | 16M | 16M | 16M | 17M | 18M | 18M | 18M | 23M | 23M |
| Operating margin | 17.2% | 20.0% | 19.3% | 22.2% | 23.1% | 23.0% | 21.0% | 22.5% | 29.0% | 27.5% |
| Net margin | 9.0% | 12.9% | 11.5% | 13.6% | 14.6% | 14.6% | 13.2% | 13.0% | 15.1% | 15.1% |
Balance sheet
Fiscal years, from Chesapeake Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $4M | $6M | $6M | $7M | $3M | $5M | $6M | $5M | $8M | $2M |
| Receivables | $63M | $77M | $54M | $50M | $57M | $58M | $63M | $72M | $77M | $102M |
| Total current assets | $141M | $179M | $192M | $135M | $136M | $170M | $194M | $186M | $204M | $237M |
| Property, plant and equipment | $987M | $1.1B | $1.4B | $1.5B | $1.6B | $1.7B | $1.8B | $2.5B | $2.7B | $3.1B |
| Goodwill | $15M | $20M | $22M | $33M | $39M | $45M | $46M | $508M | $508M | $508M |
| Total assets | $1.2B | $1.4B | $1.7B | $1.8B | $1.9B | $2.1B | $2.2B | $3.3B | $3.6B | $4.0B |
| Total current liabilities | $334M | $413M | $528M | $423M | $329M | $376M | $369M | $386M | $419M | $530M |
| Long-term debt | $137M | $197M | $316M | $440M | $508M | $550M | $578M | $1.2B | $1.3B | $1.3B |
| Total liabilities | $783M | $929M | $1.2B | $1.2B | $1.2B | $1.3B | $1.4B | $2.1B | $2.2B | $2.4B |
| Shareholders' equity | $446M | $486M | $518M | $562M | $697M | $774M | $833M | $1.2B | $1.4B | $1.6B |
| Net debt | $145M | $201M | $322M | $479M | $519M | $563M | $594M | $1.2B | $1.3B | $1.5B |
Cash flow
Fiscal years, from Chesapeake Utilities's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $104M | $110M | $117M | $103M | $159M | $151M | $159M | $204M | $239M | $234M |
| Capital spending | $170M | $175M | $240M | $185M | $166M | $187M | $128M | $189M | $355M | $449M |
| Free cash flow | -$66M | -$65M | -$123M | -$82M | -$7M | -$36M | $31M | $15M | -$116M | -$215M |
| Stock-based compensation | $2M | $2M | $3M | $4M | $5M | $6M | $6M | $8M | $8M | $8M |
| Dividends paid | $17M | $20M | $22M | $25M | $27M | $32M | $35M | $40M | $54M | $61M |
| Share buybacks (net) | — | — | -$706,000 | -$721,000 | $23M | $16M | $5M | — | — | — |
| Net borrowing | -$9M | $58M | $120M | $158M | $36M | $46M | $32M | $606M | $81M | $174M |
| Free cash flow margin | -13.2% | -14.5% | -25.1% | -17.0% | -1.4% | -6.4% | 4.5% | 2.2% | -14.7% | -23.1% |
| Dividends per share | $1.12 | $1.22 | $1.34 | $1.50 | $1.62 | $1.79 | $1.98 | $2.17 | $2.41 | $2.58 |
Questions
What was Chesapeake Utilities's revenue in 2025?
$930M in fiscal 2025, from its 10-K filing.
How much free cash flow does Chesapeake Utilities generate?
-$215M in fiscal 2025 (operating cash flow minus capital spending).
From Chesapeake Utilities's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.