Filing Flows › Chesapeake Utilities (CPK) › Q1 2026
Chesapeake Utilities (CPK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Chesapeake Utilities (CPK) reported revenue of $353M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +36% from the quarter before. Operating margin was 28.2%, net earnings $59.3M (16.8% of revenue).
Chesapeake Utilities, Q1 2026: revenue $353M (+18% year over year), operating margin 28.2%, net earnings $59.3M, operating cash flow $118M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $353M | +36% | +18% |
| Operating profit | $99.4M | +35% | +15% |
| Net earnings | $59.3M | +29% | +17% |
| Operating cash flow | $118M | +233% | +39% |
What changed
Revenue was $353.1M in Q1 2026, up 18% year over year and up 36% from the previous quarter.
Operating profit was $99.4M, a 28.2% margin (down 0.9 points year over year). Of the extra revenue versus Q1 2025, 23% reached operating profit, below the 29% margin then. Total costs grew 20% against revenue growth of 18%. Net earnings were $59.3M, up 17% year over year. The effective tax rate was 26.5%.
Operating cash flow was $118.0M (up 39% year over year), 199% of net earnings. Non-cash charges added back $21.5M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $33.7M. Capital expenditures of $141.9M exceeded it, leaving free cash flow of −$23.9M.
Questions
What was Chesapeake Utilities' revenue in the first quarter 2026?
Chesapeake Utilities (CPK) reported revenue of $353M for the first quarter 2026 (Q1 2026), +18% from a year earlier and +36% from the quarter before.
Was Chesapeake Utilities profitable in the first quarter 2026?
Operating profit was $99.4M (28.2% of revenue) and net earnings $59.3M.