Financial & Corporate News
Chesapeake Utilities Corporation to Host Live Webcast During 2022 AGA Financial Forum
Dover, Delaware – The Company announced today that Jeff Householder, president and CEO, Beth Cooper, executive vice president, CFO, treasurer and assistant corporate secretary and Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 12:50 pm EST (Eastern Standard Time) on Tuesday, May 17th during the 2022 AGA Financial Forum. Webcast participants will learn about the projects the Company currently has underway and other strategic initiatives which position the Company for future growth. To listen to the live webcast, please visit [...]
Chesapeake Utilities Corporation Raises Dividend by 11.5 Percent
Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company’s common stock from $0.48 per share to $0.535 per share. The Board’s action raises the 2022 annualized dividend by $0.22 from $1.92 to $2.14 per share, an 11.5 percent increase. The $0.535 per share dividend will be payable July 5, 2022 to all shareholders of record at the close of business on June 15, 2022. “Despite the lingering global pandemic and market challenges throughout 2021, our teams executed exceptionally well and delivered [...]
Chesapeake Utilities Corporation Opens CNG Fueling Station in Georgia — Operated by Marlin Compression near the Port of Savannah
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its affiliate Marlin Compression opened a high-capacity compressed natural gas (CNG) truck and tube trailer fueling station in Port Wentworth, Georgia. The facility is one of the largest public access CNG stations on the East Coast. In addition to CNG, the new fueling station will offer a renewable natural gas (RNG) option to customers in the near future. In addition to fleet fueling, the station will be utilized as a staging area for Marlin Gas Services to fill CNG transport trailers for its virtual pipeline services. A dedicated lane [...]
Chesapeake Utilities Corporation’s Steinmetz Earns Accolades – Named Runner-Up Controller of the Year by Controllers Council
DOVER, Del., March 8, 2022 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) announced today that Joe Steinmetz, vice president and controller, was selected by the Controllers Council as the 2021 Controller of the Year, Runner-Up, in the medium size/public category. The Controller of the Year Awards annual program is sponsored by the Controllers Council, a member association and community focused on training and career development, peer interaction and recognition for accounting and corporate finance executives. "It is an honor to be recognized by the Controllers Council for what my team has accomplished in the past year," said Steinmetz. "While the designation is in [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS RECORD EARNINGS FOR FISCAL YEAR 2021
Earnings Per Share ("EPS")* increased to $4.73 in 2021 from $4.26 in 2020 EPS from continuing operations increased to a record $4.73 in 2021, up 12.4 percent compared to $4.21 in 2020 - marks 15th consecutive year of earnings growth Return on Equity in 2021 of 11.3 percent - marks 17th consecutive year with ROE at or above 11 percent Year-over-year growth driven by pipeline expansions, natural gas organic growth, regulatory initiatives, margin growth in the Company's unregulated businesses and the impact from recent acquisitions (including the acquisition of Diversified Energy's propane assets, expanding our service footprint into the Carolinas) [...]
Chesapeake Utilities Corporation Announces Quarterly Dividend
DOVER, Del. – Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.48 per share on the Company’s common stock. The $0.48 per share dividend will be paid on April 5, 2022 to all shareholders of record at the close of business on March 15, 2022. For 61 years, Chesapeake has paid dividends to its shareholders without interruption. During those 61 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is [...]
Chesapeake Utilities Corporation Completes Testing of Hydrogen Blending in Continued Move Toward Lower Carbon Energy Sources
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it successfully blended hydrogen with natural gas to power the Company’s Eight Flags Energy Combined Heat and Power (CHP) plant in Nassau County, Florida. In a strategic effort to actively support and expand the sustainability efforts of the communities it serves, Chesapeake Utilities is working to develop lower carbon energy sources. The CHP facility provides a unique opportunity to assess the feasibility and operating characteristics of blended hydrogen and natural gas in a contained and closely monitored industrial setting. The Eight Flags CHP hydrogen test program was intended to [...]
Chesapeake Utilities to Host Fourth Quarter and Full Year 2021 Earnings Conference Call on February 24th
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 24, 2022, at 4:00 p.m. ET to discuss the Company’s financial results for the fourth quarter and full year ended December 31, 2021. The earnings press release will be issued on Wednesday, February 23, 2022, after market close. To participate in this call, dial 877.224.1468 and reference Chesapeake Utilities Corporation’s 2021 Fourth Quarter and Full Year Financial Results Conference Call. To access the replay recording of this call, please visit the Events & Presentations section of the Investors page on www.chpk.com. Chesapeake Utilities Corporation [...]
Chesapeake Utilities Corporation Earns 2022 Top Workplaces USA Award
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that it is a 2022 Top Workplaces USA award recipient for mid-sized companies for the second consecutive year. Previously, the Company was recognized as a 2021 Top Workplace for mid-sized companies in Delaware by the News Journal for 10 consecutive years, and Florida Public Utilities Company, a wholly owned subsidiary of Chesapeake Utilities, was recognized as a Top Workplace in Central Florida in 2019 and 2021. “It’s an honor to be recognized as a Top Workplace,” said Jeff Householder, president and chief executive officer. “Our employees are the creative and powerful heart of [...]
Chesapeake Utilities Corporation Participating in the Janney Virtual Gas & Electric Utilities Conference January 12, 2022
Dover, Delaware – On Jan. 12, 2022, management from Chesapeake Utilities Corporation (NYSE:CPK) (the “Company”) will participate in the Janney Virtual Gas & Electric Utilities Conference. The Company will virtually meet with investment firms in a series of one-on-one meetings and is scheduled to make an investor presentation beginning at 1:00 p.m. ET. The presentation will be made available prior to the conference in the “Investors” section of the Company’s website, www.chpk.com, sub-section “Events & Presentations.” About Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas transmission and distribution; electricity generation and distribution; propane [...]
Chesapeake Utilities Corporation Announces Officer Promotions
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today the promotions of six Company leaders, effective Jan. 1, 2022: Jeff Sylvester, promotion to Chief Operating Officer Kevin Webber, promotion to Chief Development Officer Michael Galtman, promotion to Senior Vice President and Chief Accounting Officer Mike Cassel, promotion to Vice President, Governmental and Regulatory Affairs Stacie Roberts, promotion to Vice President, Corporate Governance Lindsay Orr, promotion to Assistant Vice President and Associate General Counsel “I am proud to announce the latest changes to our leadership team at Chesapeake Utilities,” said Jeff Householder, President and CEO. “Each of these individuals has made significant contributions [...]
Chesapeake Utilities Corporation Participating in the BofA Securities 2021 Gas Utility Conference
Dover, Delaware – On December 7, 2021, management from Chesapeake Utilities Corporation (NYSE:CPK) (the “Company”) will participate in the BofA Securities 2021 Gas Utility Conference. The Company will virtually join members of investment firms in a series of one-on-one meetings as scheduled through BofA Securities. Additionally, Company executives are scheduled to participate in a fireside chat at the conference beginning at 11:00 a.m. ET. A copy of the Company’s materials will be made available prior to the conference in the “Investors” section of the Company’s website, sub-section “Events & Presentations” (www.chpk.com). About Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a [...]
Chesapeake Utilities Corporation Reports Third Quarter 2021 Results
Earnings per share ("EPS")* was $0.71 for the third quarter of 2021, an increase of $0.15, or 26.8 percent, compared to $0.56 for the third quarter of 2020 Year-to-date earnings increased to $3.45 per share from $2.97, for the prior year Natural gas organic growth and pipeline expansions, regulatory initiatives and contributions from 2020 and 2021 acquisitions generated $2.7 million and $14.2 million in additional gross margin during the third quarter and year-to-date, respectively Continued return toward pre-pandemic conditions increased consumption compared to 2020 Completed construction of the Company’s first Renewable Natural Gas transportation project Continued focus on organic growth [...]
Chesapeake Utilities Corporation Announces Quarterly Dividend
DOVER, Del. – Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.48 per share on the Company’s common stock. The $0.48 per share dividend will be paid on January 5, 2022 to all shareholders of record at the close of business December 15, 2021. For 61 years, Chesapeake has paid dividends to its shareholders without interruption. During those 61 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is engaged [...]
CHESAPEAKE UTILITIES CORPORATION TO PRESENT AT THE SIEBERT WILLIAMS SHANK WEST COAST VIRTUAL CONFERENCE
Dover, Delaware – The Company announced today that Beth W. Cooper, Executive Vice President & CFO; Thomas E. Mahn, Vice President and Treasurer; Joseph D. Steinmetz, Vice President and Controller; and Michael D. Galtman, Vice President and Chief Accounting Officer of Chesapeake Utilities Corporation (NYSE: CPK) will be presenting at 2:10 pm EDT (Eastern Daylight Time) on Wednesday, March 17th during the Siebert Williams Shank West Coast Virtual Conference. Registered participants will learn about projects the Company currently has underway and other strategic initiatives which position the Company for future growth. The presentation will be available under the Investors section [...]
