Financial & Corporate News
Chesapeake Utilities Corporation to Host Conference Call to Review Second Quarter 2019 Financial Results
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, August 9, 2019, at 10:30 a.m. ET to discuss the Company’s financial results for the second quarter ended June 30, 2019. The earnings press release will be issued on Thursday, August 8, 2019, before market hours. To participate in this call, dial 855.801.6270 and reference Chesapeake Utilities Corporation’s 2019 Second Quarter 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 energy company engaged in [...]
Chesapeake Utilities Corporation Board Member Calvert A. Morgan, Jr. to be Inducted into Delaware Business Leaders Hall of Fame
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) announced today that Calvert A. Morgan, Jr., a member of the Company’s Board of Directors since 2000, has been named a 2019 Delaware Business Leaders Hall of Fame inductee by the Junior Achievement of Delaware Leadership Council. Mr. Morgan serves as Chairman of the Company’s Corporate Governance Committee and as a member of its Compensation Committee and Investment Committee. Mr. Morgan will be formally inducted at a ceremony on October 2 at the Wilmington Country Club. Established in 1990, the Delaware Business Leaders Hall of Fame honors accomplished individuals of business and [...]
Shane Breakie Named Chairman of Central Delaware Chamber of Commerce
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) announced today that Shane Breakie, Assistant Vice President of Chesapeake Utilities, has been named Chairman of the Central Delaware Chamber of Commerce (CDCC). Mr. Breakie’s two-year appointment is effective immediately and was announced at the CDCC’s annual Awards for Excellence Dinner in Dover. Mr. Breakie previously served as the vice chairman at the CDCC. “Having Chesapeake team members involved in community and civic organizations is a huge part of our core values as a Company,” said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. “Shane’s dedication to the community [...]
Chesapeake Utilities Corporation Subsidiaries Earn National Safety Awards
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) announced today that two of its subsidiaries, Florida Public Utilities Company (FPU) and Aspire Energy, have earned Safety Achievement Awards from the American Gas Association (AGA). The AGA recognized both Aspire Energy and FPU for excellence in employee safety based on criteria that included professional and personal commitment and dedication to improving the operations and engineering sectors of the natural gas industry through safety, accident prevention and research. Aspire Energy also earned an award for excellence in fleet safety based on its safety record. The awards were presented at the 2019 AGA [...]
Chesapeake Utilities Corporation Names 2019 “Aspiring Scholars” Recipients
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) announced today the recipients of scholarship awards through its Aspiring Scholars Program. Eleven children of Company employees have been selected to receive $2,000 each in scholarship funds toward their study at an accredited college, university or post-secondary education technical school. “Our employees make up the Chesapeake family and by extension their families are very important to us,” said Beth Cooper, Executive Vice President and Chief Financial Officer of Chesapeake Utilities Corporation and Chair of the Aspiring Scholars Committee. “Recognizing both the importance of higher education and the financial challenges associated with it, [...]
Watch Chesapeake Utilities Corporation Ring The Opening Bell at the NYSE
The New York Stock Exchange welcomes Chesapeake Utilities Corporation (NYSE: CPK) in celebration of the contributions of the company's employees, its 12 straight years of superior earnings growth and total shareholder return, and over 25 years of being listed on the NYSE. Recently appointed President and CEO, Jeff Householder, joined by Chris Taylor, NYSE VP of Listings & Services, rings The Opening Bell®.
CHESAPEAKE UTILITIES CORPORATION TO HOST LIVE WEBCAST AT 2019 AGA FINANCIAL FORUM
Dover, Delaware – The Company announced today that Jeffry M. Householder, President & CEO, Beth W. Cooper, Executive Vice President & CFO, and James F. Moriarty, Executive Vice President, General Counsel, Corporate Secretary and Chief Policy & Risk Officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 1:00 pm EST (Eastern Standard Time) on Tuesday, May 21st at the 2019 AGA Financial Forum taking place in Fort Lauderdale, Florida. Webcast participants and members of the live audience will learn about the projects the Company currently has underway and other strategic initiatives which position the Company [...]
Chesapeake Utilities Corporation President and CEO Jeff Householder to Ring Opening Bell at the New York Stock Exchange
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) President and CEO Jeff Householder will ring The Opening Bell on Monday, May 20, 2019 at the New York Stock Exchange. Mr. Householder, who was appointed President and CEO by the Board of Directors on January 1, will be joined by several employees and members of the Company’s leadership team who will participate in the ceremonial ringing which signals the opening of the day’s trading. “I am honored to have the opportunity to take part in this historic tradition and stand with a group of our many key employees who have driven [...]
Chesapeake Utilities Corporation Appoints Stacie Roberts to Assistant Vice President of Corporate Governance
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today the appointment of Stacie Roberts to Assistant Vice President of Corporate Governance. Ms. Roberts will continue to report to Jim Moriarty, Executive Vice President, General Counsel, Corporate Secretary and Chief Policy and Risk Officer of Chesapeake Utilities Corporation. “Stacie’s uncompromising work ethic, dedication, and commitment to quality is recognized throughout her various contributions across the organization,” said Mr. Moriarty. “Our commitment to a culture that promotes integrity and accountability, along with the hard work and dedication of our team, is the foundation for our continued success.” Ms. Roberts’ will continue [...]
Marlin Gas Services Launches New Website for Customers
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) has announced that its subsidiary Marlin Gas Services, a premier North American supplier of mobile compressed natural gas (CNG) utility and pipeline solutions, has launched its new website for customers at www.marlingas.com. The site provides information to help meet the CNG needs of gas utilities, pipeline companies, industrial facilities, commercial businesses and other markets within the United States. “We are pleased to announce the launch of this new website, which is an integral part of our overall strategy to expand our footprint,” said Kevin Webber, Senior Vice President of Chesapeake Utilities Corporation. [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2019 RESULTS
Chesapeake Utilities delivers strong financial and operational results in the first quarter GAAP net income increased by 6.7 percent to $28.7 million or $1.74 per share* compared to $1.64 per share for the first quarter of 2018 Adjusted (Non-GAAP)** earnings increased to $1.68 per share from $1.40 per share, representing 20.0 percent growth Gross margin** increased $10.1 million, or 11.1 percent Recently constructed pipeline projects contributed $4.3 million in gross margin and are expected to generate $24.0 million in gross margin for the year December 2018 acquisitions of Marlin and Ohl contributed $2.8 million in gross margin and $1.6 million [...]
CHESAPEAKE UTILITIES CORPORATION RAISES DIVIDEND BY 9.5 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 $0.37 per share to $0.405 per share. The Board’s action raises the 2019 annualized dividend $0.14 per share from $1.48 to $1.62 per share, which represents a 9.5 percent increase. The $0.405 per share dividend will be payable July 5, 2019 to all shareholders of record at the close of business on June 14, 2019. “We continue to seek opportunities to reinvest our retained earnings while also growing our dividend [...]
Eastern Shore Natural Gas Company Receives Positive Environmental Assessment from FERC for Del-Mar Energy Pathway Project
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that the Federal Energy Regulatory Commission (FERC) has issued a positive environmental assessment of the Company’s Del-Mar Energy Pathway Project (Project) (Docket No. CP18-548-000). The Project, which was applied for in September of 2018 by Eastern Shore Natural Gas Company (ESNG), Chesapeake Utilities’ interstate natural gas transmission subsidiary, proposes the construction and operation of new natural gas pipeline and meter and delivery (M&R) stations in Kent and Sussex counties in Delaware, and Wicomico and Somerset counties in Maryland. “We have continued to meet the growing market demand for natural gas [...]
Chesapeake Utilities Corporation Names Chief Accounting Officer
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today the appointment of Michael Galtman to the position of Vice President and Chief Accounting Officer in the Company’s Finance and Accounting department. Mr. Galtman will report directly to Beth Cooper, Executive Vice President and Chief Financial Officer of Chesapeake Utilities Corporation. “Michael is an experienced financial executive whose leadership and technical skills will be an immediate benefit to our Company in this highly visible role,” said Ms. Cooper. “I’m excited to have Michael join our team at Chesapeake as we continue to execute our long-term, disciplined growth strategy.” Mr. Galtman [...]
CHESAPEAKE UTILITIES CORPORATION TO HOST CONFERENCE CALL TO REVIEW FIRST QUARTER 2019 FINANCIAL RESULTS
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, May 10, 2019, at 10:30 a.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2019. The earnings press release will be issued on Wednesday, May 8, 2019, before market hours. To participate in this call, dial 855.801.6270 and reference Chesapeake Utilities Corporation’s 2019 First Quarter 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 energy company engaged in [...]
