Financial & Corporate News

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 January 7, 2013 to all shareholders of record as of December 14, 2012.

Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for the second quarter of 2012. The Company’s net income for the quarter ended June 30, 2012 was $5.1 million, or $0.52 per share. This represents an increase of $1.5 million, or $0.15 per share, compared to the same quarter in 2011, and quarter-over-quarter increases of 44 percent and 43 percent for net income and earnings per share, respectively.

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 October 5, 2012 to all shareholders of record as of September 14, 2012.

Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, August 9, 2012, at 10:30 a.m. ET to discuss the Company’s financial results for the second quarter 2012. The second quarter 2012 earnings press release will be issued on Wednesday, August 8, 2012, before the market opens.

Michael P. McMasters, President and Chief Executive Officer of Chesapeake Utilities Corporation (NYSE: CPK), announced that the Board of Directors appointed Matthew M. Kim to Vice President of the Company at their meeting Wednesday. In addition, Thomas E. Mahn has been appointed Treasurer of the Company; and William D. Hancock has been appointed as Assistant Vice President of Peninsula Energy Services Company, Inc. These appointments are effective immediately.

At their meeting held on May 2, 2012, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.365 per share on the Company’s common stock. The Board’s action raises the annualized dividend eight cents per share from $1.38 to $1.46 per share, equating to a 5.8% increase over the prior year. The $0.365 per share dividend will be paid July 5, 2012 to all shareholders of record at the close of business on June 15, 2012.

Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for the first quarter of 2012. The Company’s net income for the quarter ended March 31, 2012 was $10.7 million, or $1.11 per share, a decrease of $3.0 million, or $0.32 per share, compared to the same quarter in 2011. This represents a 22 percent decrease in quarter-over-quarter net income and earnings per share. $2.4 million ($0.25 per share) of the decrease resulted from lower customer energy consumption directly attributable to a decrease in heating degree-days of 23 percent and 36 percent on the Delmarva Peninsula and in Florida, respectively. The first quarter of 2012 was the warmest first quarter in the past 10 years. Amortization expense associated with the recovery of the acquisition premium and merger-related costs in Florida also reduced net income by $361,000 ($0.04 per share), as further explained in the Financial Summary Highlights section.

Chesapeake Utilities Corporation (NYSE: CPK), announced today that Thomas E. Mahn has joined the Company as Director of Finance. Mr. Mahn will oversee all finance, treasury, risk management, and investor relations functions within the Company...

Chesapeake Utilities Corporation (NYSE: CPK), announced today that Thomas E. Mahn has joined the Company as Director of Finance. Mr. Mahn will oversee all finance, treasury, risk management, and investor relations functions within the Company...

Chesapeake Utilities Corporation (NYSE: CPK), announced today that Thomas E. Mahn has joined the Company as Director of Finance. Mr. Mahn will oversee all finance, treasury, risk management, and investor relations functions within the Company...

Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for both the year and quarter ended December 31, 2011. The Company‟s net income for 2011 was $27.6 million, or $2.87 per share. This represents an increase in net income of six percent and an increase in earnings per share of $0.14, or five percent, over 2010. 2011 represents the fifth consecutive year of record earnings for the Company.

Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for both the year and quarter ended December 31, 2011. The Company‟s net income for 2011 was $27.6 million, or $2.87 per share. This represents an increase in net income of six percent and an increase in earnings per share of $0.14, or five percent, over 2010. 2011 represents the fifth consecutive year of record earnings for the Company.

Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for both the year and quarter ended December 31, 2011. The Company‟s net income for 2011 was $27.6 million, or $2.87 per share. This represents an increase in net income of six percent and an increase in earnings per share of $0.14, or five percent, over 2010. 2011 represents the fifth consecutive year of record earnings for the Company.

Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 4, 2011, at 11:00 a.m. ET to discuss the Company’s financial results for the third quarter 2011. The third quarter 2011 earnings press release will be issued on Thursday, November 3, 2011.

Chesapeake Utilities Corporation (NYSE: CPK) today announced increased financial results for the quarter ended June 30, 2011.