CPK — what changed in the latest 10-Q
A section-by-section comparison of CPK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-06 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +110 | −37 | ~55 | 102 |
| Market risk (Item 3) | Text added/removed | 0 | −4 | ~1 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~2 | 0 |
| Legal proceedings | Text added/removed | 0 | −1 | ~1 | 0 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Other information | Text added/removed | +2 | −1 | 0 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-06
In July 2026, the Company announced the Florida Energy Pathway ("FEP"), an intrastate natural gas transportation project to be developed, constructed and operated by Peninsula Pipeline. The project is currently contemplated as a 24-inch pipeline extending from Palm Beach County to Miami-Dade County …
billion, subject to final engineering, design, permitting, regulatory approvals, and other development activities. Subject to the satisfaction of these conditions and final commissioning, the project is anticipated to be in service in 2030. The Company is evaluating financing alternatives, including…
(in millions)Regulated EnergyUnregulated EnergyOther Businesses and EliminationsTotal
(in millions)Regulated EnergyUnregulated EnergyOther Businesses and EliminationsTotal
Gross Margin (GAAP) for the Regulated Energy segment for the six months ended June 30, 2026 was $206.8 million, an increase of $23.3 million, or 12.7 percent, compared to the same period in 2025. The increase in gross margin largely reflects incremental margin attributable to pipeline expansion proj…
Text removed vs the prior filing · source: 10-Q · 2026-05-06
Gross Margin (GAAP) for the Unregulated Energy segment for the three months ended March 31, 2026 was $42.3 million, an increase of $2.4 million, or 6.0 percent, compared to the same period in 2025. The increase in gross margin was primarily attributable to higher results from our propane distributio…
(dollars in millions, shares in thousands (except per share data))20262025
Weighted average common shares outstanding - diluted24,053 23,041
Results of Operations for the Three Months Ended March 31, 2026
Our adjusted net income for the three months ended March 31, 2026 was $59.3 million, or $2.47 per share, compared to $51.1 million, or $2.22 per share, for the same period in 2025. Operating income for the first three months of 2026 was $99.4 million, an increase of $12.6 million compared to the sam…
Market risk (Item 3)
Text removed vs the prior filing · source: 10-Q · 2026-05-06
The following table reflects the changes in the fair market value of financial derivatives contracts related to propane purchases and sales from December 31, 2025 to March 31, 2026:
Increase in Fair Market ValueLess Amounts SettledBalance at March 31, 2026
There were no changes in methods of valuations during the three months ended March 31, 2026.
The following is a summary of fair market value of financial derivatives as of March 31, 2026, by method of valuation and by maturity for each fiscal year period.
Legal proceedings
Text removed vs the prior filing · source: 10-Q · 2026-05-06
disposition of these proceedings and claims will not have a material effect on our consolidated results of operations, financial position or cash flows.
Other information
Text added vs the prior filing · source: 10-Q · 2026-08-06
(a) On August 3, 2026, the Company entered into an Amended and Restated Credit Agreement. Information regarding the agreement is included in this Quarterly Report on Form 10-Q in Note 15, Short-Term Borrowings (Part I., Item 1.) and under Financial Position, Liquidity and Capital Resources in Manage…
(c) During the three months ended June 30, 2026, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
Text removed vs the prior filing · source: 10-Q · 2026-05-06
During the three months ended March 31, 2026, no director or officer of the Company adopted or terminated a "Rule 10b5-1 trading arrangement" or "non-Rule 10b5-1 trading arrangement," as each term is defined in Item 408(a) of Regulation S-K.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice