Company Reports Q4 Revenue of $258.9 Million
Reports Q4 revenue $258.9M vs. $215M last year. "We started the year with a simple mission: deliver with purpose and reach new heights, so I'm proud that our full-year performance and results demonstrate exactly that: we provided safe and reliable energy to over 450 thousand customers, were active members of our communities, invested a record-breaking $470M of capital and achieved nearly 12 percent year-over-year Adjusted EPS growth," said CEO Jeff Householder. "Looking forward to 2026, I am excited about the opportunities ahead as we build on the blueprint we've established and leverage the capabilities of our team to continually transform the Company for future growth. As we tackle larger-scale capital projects, improve FCG's return profile and implement significant technology upgrades across our enterprise, we are positioning the company for a new level of service, efficiency and growth, which will drive sustained value for all our stakeholders for years to come."
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- Leadership Changes: Chesapeake Utilities Corporation appoints Michael Galtman as Chief Transformation Officer to oversee ERP implementation, reinforcing the company's commitment to operational efficiency and long-term growth strategy.
- Strengthened Financial Management: Melissa Barnes is appointed Chief Accounting Officer, responsible for accounting and financial reporting, ensuring continued strength in financial controls and risk management.
- Experienced Team: Galtman brings over 20 years of financial leadership experience in the energy sector, having successfully guided the company through complex accounting and regulatory matters, enhancing governance capabilities.
- Clear Strategic Goals: The appointments reflect the company's focus on transformative growth, aiming to support efficient and affordable operations through the implementation of technology systems, driving future business development.
- Executive Retirement: Chesapeake Utilities Corp. announced that CFO Beth Cooper will retire on June 30, concluding a 36-year career with the company, marking a significant change in the management team.
- New CFO Appointment: The company appointed COO Jeff Sylvester as the new CFO, effective July 1, bringing extensive experience in finance, operations, and business development since joining in 2004.
- Historical Transition: Beth Cooper has served as CFO since 2008, succeeding John McMasters, who transitioned to President and COO, indicating ongoing changes in the company's executive leadership.
- Market Performance: Chesapeake Utilities' stock was trading at $126.61 in pre-market on the New York Stock Exchange, reflecting market attention to the management changes within the company.
- Executive Retirement Announcement: Chesapeake Utilities announced that CFO Beth Cooper will retire on June 30, 2026, after a 36-year career with the company, reflecting a planned and stable transition in executive leadership.
- Successor Named: Jeff Sylvester, the current Senior Vice President and COO, will take over as CFO effective July 1, 2026, bringing extensive experience from his roles in finance and business development since joining in 2004, ensuring continuity in leadership.
- Cooper's Contributions: Since joining Chesapeake Utilities in 1990, Cooper has held various key positions in financial and strategic planning, being appointed CFO in September 2008, which has significantly contributed to the company's financial health and strategic direction.
- Future Outlook: Chesapeake Utilities reaffirmed its EPS target of $7.75 to $8 for 2028 while launching a $75 million ERP transformation, indicating a commitment to long-term growth and financial objectives during the executive transition.
- Executive Retirement: Chesapeake Utilities Corporation announced that CFO Beth Cooper will retire on June 30, 2026, concluding a 36-year career with the company, marking a significant leadership transition.
- Successor Appointment: Senior Vice President and COO Jeff Sylvester will succeed Cooper effective July 1, 2026, bringing extensive experience from his roles in finance and business development since joining the company in 2004.
- Impact of Leadership Change: Cooper's retirement may affect the company's financial strategy and operational model, while Sylvester's succession could introduce new management philosophies and business development directions, influencing future growth potential.
- Company History Reflection: During her tenure, Beth Cooper navigated several key industry transformations, and her financial management laid a solid foundation for the company, making the upcoming leadership transition a pivotal moment for its future development.
- Executive Retirement: Chesapeake Utilities Corporation announced that CFO Beth Cooper will retire on June 30, 2026, after a 36-year career with the company, marking a significant leadership transition.
- Successor Appointment: Current COO Jeff Sylvester will succeed Cooper as CFO effective July 1, 2026, bringing extensive financial and operational experience since joining in 2004, which is expected to drive future growth for the company.
- Performance Contributions: During her tenure, Cooper drove industry-leading earnings growth and above-average returns, ensuring a strong balance sheet and laying the groundwork for sustainable long-term growth, highlighting her strategic importance to the company.
- Leadership Acknowledgment: Board Chair Jeff Householder expressed gratitude for Cooper's contributions, emphasizing her significant role in the company's development, while expressing confidence in Sylvester's leadership to continue success across the three pillars of growth strategy.

Retirement Announcement: Chesapeake Utilities CFO Beth Cooper has announced her retirement from the company.
Successor Named: Jeff Sylvester has been named as Cooper's successor, taking over the CFO role.







