Chesapeake Utilities (CPK) reported second-quarter 2026 net income of $25.4 million, or $1.05 per diluted share, for the three months ended June 30. Total operating revenues were $201.9 million, compared with $192.8 million a year earlier.
The company increased its 2026 capital expenditure guidance to $550 million to $600 million and reported $139.7 million of capital investment during the quarter. It also announced the Florida Energy Pathway project, a $1.2 billion natural gas pipeline project in south Florida with about 250,000 Dts/d of committed capacity.
- Year-to-date net income was $84.7 million, or $3.51 per diluted share.
- Year-to-date total operating revenues were $555.0 million, compared with $491.5 million in 2025.
- Capital investment totaled $261.6 million year to date.
- The Florida Energy Pathway project has a targeted in-service date in 2030.
- The company increased capacity under its revolving credit facility to $650 million.
- Interim rates of $16.2 million on an annualized basis were approved by the Florida Public Service Commission, effective in July 2026.
$CPK Insider Trading Activity
$CPK insiders have traded $CPK stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.
Here’s a breakdown of recent trading of $CPK stock by insiders over the last 6 months:
- JEFFRY M HOUSEHOLDER (President & CEO) has made 0 purchases and 3 sales selling 10,000 shares for an estimated $1,261,220.
- KEVIN J WEBBER (Sr VP & Chief Dev Officer) sold 2,000 shares for an estimated $254,740
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$CPK Hedge Fund Activity
We have seen 158 institutional investors add shares of $CPK stock to their portfolio, and 136 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 156,953 shares (-4.2%) from their portfolio in Q1 2026, for an estimated $19,834,150
- QUBE RESEARCH & TECHNOLOGIES LTD added 146,822 shares (+inf%) to their portfolio in Q1 2026, for an estimated $18,553,896
- GOLDMAN SACHS GROUP INC added 99,877 shares (+62.8%) to their portfolio in Q1 2026, for an estimated $12,621,456
- MORGAN STANLEY added 70,468 shares (+20.2%) to their portfolio in Q1 2026, for an estimated $8,905,041
- ALLIANCEBERNSTEIN L.P. removed 58,387 shares (-7.1%) from their portfolio in Q1 2026, for an estimated $7,378,365
- JANE STREET GROUP, LLC added 54,727 shares (+inf%) to their portfolio in Q1 2026, for an estimated $6,915,850
- VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. removed 54,718 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $6,914,713
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
