Did Steady Q2 Results, Reaffirmed 2028 EPS and ESOP Cleanup Just Shift Chesapeake Utilities' (CPK) Investment Narrative?
Chesapeake Utilities (CPK) reported Q2 2026 sales of $209.5M and revenue of $201.9M, with modest EPS growth. The company reaffirmed its 2028 EPS guidance of $7.75-$8.00, maintained its $0.735 quarterly dividend, and closed an ESOP-related stock offering. Management emphasized steady growth, dividends, and employee ownership. The company projects $1.1B revenue and $203.4M earnings by 2029, requiring 4.5% annual revenue growth. A fair value estimate from Simply Wall St pegs CPK at $96.47, below it


