Short answer
CHESAPEAKE UTILITIES CORP (CPK) filed its fiscal 2025 10-K annual report with the SEC on Feb 25, 2026. It reported revenue of $930M (+18.1% year over year) and net income of $140M.
- Top risk flagged: Regulatory risk: Florida PSC approval variability on FCG depreciation rates and $6.8M reserve amortization effective Jan 1, 2025 impacting future expenses
FY2025 key financial metrics · XBRL
- Revenue
- $930M
- +18.1% YoY
- Net income
- $140M
- +18.3% YoY
- Operating margin
- 27.5%
- −1.5 pp YoY
- EPS (diluted)
- $5.97
- +13.5% YoY
- ROE
- 8.8%
- +0.2 pp YoY
- Operating cash flow
- $234M
- −2.4% YoY
Source: XBRL data from the CHESAPEAKE UTILITIES CORP (CPK) FY2025 10-K on SEC EDGAR. USD.
CHESAPEAKE UTILITIES CORP FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Risk Factors
- Regulatory risk: Florida PSC approval variability on FCG depreciation rates and $6.8M reserve amortization effective Jan 1, 2025 impacting future expenses
- Macroeconomic threat: Increased capital costs and skilled labor shortages for Worcester Resiliency Upgrade caused FERC to approve revised rates in July 2025
- Operational vulnerability: Integration and transition expenses related to $922.8M acquisition of FCG, with $0.8M costs in 2025 affecting earnings
- Market disruption: Competition from renewable natural gas projects and CNG/RNG/LNG services increasing, $10.9M margin added in 2025 from such projects
- Financial risk: Issuance of 4.4 million common shares in Nov 2023 for FCG acquisition diluted 2025 EPS by $0.22 per share
Generated from the filing text; verify against the original. How to read a 10-K
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