Financial & Corporate News

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) today reported third quarter financial results. The Company's net income for the quarter ended September 30, 2013 was $3.9 million, or $0.40 per share. This represents an increase of $660,000, or $0.07 per share, compared to the same quarter in 2012. For the nine months ended September 30, 2013, the Company reported net income of $23.1 million, or $2.39 per share. This represents an increase of $4.1 million, or $0.42 per share, compared to the same period in 2012. Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, [...]

Dover, Delaware – At their meeting held on November 5, 2013, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.385 per share on the Company’s common stock. The $0.385 per share dividend will be paid on January 6, 2014 to all shareholders of record at the close of business on December 16, 2013. Chesapeake has paid a dividend to its shareholders for 52 consecutive years. The Board of Directors increased the quarterly dividend by 5.5% in May of 2013. This represents the tenth consecutive year of an increase in the dividend on [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 8, 2013, at 10:30 a.m. ET to discuss the Company’s financial results for the third quarter 2013. The third quarter 2013 earnings press release will be issued on Thursday, November 7, 2013, before the market opens. To participate in this call, dial 866.821.5457 and reference Chesapeake Utilities Corporation’s Third Quarter 2013 Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay. Chesapeake Utilities Corporation is a diversified utility company engaged [...]

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake”) announced today that John “Jack” Lewnard has joined the Company as Vice President of Business Development. In addition, David De Caro and Gregory Ballheim have both joined the Company as Strategic Development Directors.

Dover, Delaware – At their meeting held on August 7, 2013, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.385 per share on the Company’s common stock. The $0.385 per share dividend will be paid October 7, 2013 to all shareholders of record at the close of business on September 13, 2013. On May 2, 2013, the Board of Directors raised the quarterly dividend 5.5% from $0.365 to $0.385 per share. This represents an annualized dividend of $1.54 per share, up from $1.46 per share. The $0.385 dividend reflects the Board’s continued [...]

  Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Monday, August 12, 2013, at 10:30 a.m. ET to discuss the Company’s financial results for the second quarter 2013. The second quarter 2013 earnings press release will be issued on Friday, August 9, 2013, before the market opens. To participate in this call, dial 866.821.5457 and reference Chesapeake Utilities Corporation’s Second Quarter 2013 Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay Chesapeake Utilities Corporation is a diversified utility company [...]

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake”) announced today that it has acquired the operating assets of Austin Cox Home Services, Inc. (“Austin Cox”). Based in Salisbury, Maryland, Austin Cox provides HVAC, plumbing and electrical services to residential and commercial customers throughout the lower Delmarva Peninsula. The Company will retain its name and office location in Salisbury, Maryland and Austin “Skip” Cox, Jr. will be President of Chesapeake’s newest subsidiary. Chesapeake currently provides natural gas distribution and propane distribution service to approximately 103,800 customers on the Delmarva Peninsula.  The acquisition of the Austin Cox assets will enable Chesapeake [...]

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake”) announced today that it has completed the acquisition of the operating assets of Eastern Shore Gas Company (“ESG”) and its affiliate, Eastern Shore Propane Company (“ESP”), which are located in Worcester County, Maryland. Chesapeake’s wholly-owned subsidiaries, Sandpiper Energy, Inc. and Sharpgas, Inc., acquired and will operate the ESG and ESP assets, respectively.

Dover, Delaware — Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation (NYSE: CPK) announced that the Board of Directors appointed Elaine B. Bittner Senior Vice President of Strategic Development, at their meeting earlier this month. “Elaine’s experience, leadership, and drive to deliver results make her an asset to our leadership team and our Company,” said Mr. McMasters. “Since assuming the role as Vice President of Strategic Development in 2010, Elaine has enhanced our strategic planning process to help improve strategic thinking across the Company; played a lead role in developing our new business strategy and has [...]

Net income rose 39 percent to $14.9 million, or $1.54 per share Colder temperatures in the first quarter of 2013, compared to the same quarter in 2012, resulted in a $3.2 million quarter-over-quarter increase in gross margin Higher retail propane margins per gallon generated $2.1 million in additional gross margin Growth from the natural gas businesses generated $1.5 million in additional gross margin Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) today reported first quarter financial results, including a 39-percent increase in net income to $14.9 million for the first quarter of 2013 from $10.7 million for the same quarter [...]

Dover, Delaware – At their meeting held on May 2, 2013, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.385 per share on the Company’s common stock. The Board’s action raises the annualized dividend eight cents per share from $1.46 to $1.54 per share, equating to a 5.5% increase over the prior year. The $0.385 per share dividend will be paid July 5, 2013 to all shareholders of record at the close of business on June 17, 2013. “Chesapeake posted record earnings in 2012, for the sixth consecutive year. Energized by our [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, May 3, 2013, at 10:30 a.m. ET to discuss the Company’s financial results for the first quarter 2013. The first quarter 2013 earnings press release will be issued on Thursday, May 2, 2013, before the market opens. To participate in this call, dial 866.821.5457 and reference Chesapeake Utilities Corporation’s First Quarter 2013 Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay.  Chesapeake Utilities Corporation is a diversified utility company engaged [...]

2012 Fourth Quarter Earnings Release Click to download PDF

Dover, Delaware –The Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) today declared a quarterly cash dividend of $0.365 per common share. The dividend is payable April 5, 2013 to all shareholders of record as of March 20, 2013. 2013 will mark the 52nd consecutive year that Chesapeake has paid a dividend to its shareholders. In each of the 52 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and marketing; electric distribution; propane distribution and wholesale marketing; advanced information services and other related [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, March 8, 2013, at 10:00 a.m. ET to discuss the Company’s financial results for 2012. The year-end 2012 earnings press release will be issued on Thursday, March 7, 2013, after the market closes. To participate in this call, dial 866.821.5457 and reference Chesapeake Utilities Corporation’s 2012 Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay. Chesapeake Utilities Corporation is a diversified utility company engaged in natural gas distribution, transmission and [...]