Uncategorized News

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) reaffirmed its commitment to advancing women in the energy industry through its continued support of the Florida's Women in Energy Leadership Forum (FWELF), which marked its 10th anniversary Aug. 25-27 at the Four Seasons Orlando Resort. Chesapeake Utilities has been an integral part of FWELF since its founding in 2015, contributing through participation, presentations and sponsorships. The forum was founded by Lila A. Jaber, former chair of the Florida Public Service Commission and current member of Chesapeake Utilities’ board of directors. FWELF highlights the leadership and contributions of women in Florida’s [...]

The state-of-the-art safety facility accelerates emergency response and coordination for employees and first responders DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) proudly marked the five-year anniversary of its Safety Town training facility today with a celebratory event that brought together employees, first responders, government officials and community partners. The event, held at the Safety Town facility in Dover, Delaware, highlighted the Company’s continued commitment to safety, education and community collaboration. Since its launch in 2020, Safety Town has served as a premier training ground for natural gas safety, offering immersive, hands-on learning environments for employees, emergency responders, utility professionals [...]

Net income and earnings per share ("EPS")* were $23.9 million and $1.02, respectively, for the second quarter of 2025 and $74.8 million and $3.22, respectively, for the six months ended June 30, 2025 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $24.3 million and $1.04, respectively, for the second quarter of 2025 and $75.4 million and $3.25, respectively, for the six months ended June 30, 2025 Adjusted gross margin** growth of $16.2 million and $34.1 million, respectively, for the three- and six-month periods ended June 30, [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.685 per share on the Company’s common stock. The $0.685 per share dividend will be paid on October 6, 2025 to all shareholders of record at the close of business on September 15, 2025. Chesapeake Utilities has paid dividends to its shareholders without interruption for 64 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corporation: Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) is proud to announce that it has been named Best for Corporate Governance in the United States by World News Media Ltd.’s World Finance, an international publication. This recognition celebrates Chesapeake Utilities Corporation's steadfast commitment to fostering a values-driven culture, upholding accountability at all levels and embracing a strategic approach that promotes safety, operational excellence and affordability while enhancing long-term stakeholder value. This year’s recognition marks the third time Chesapeake Utilities Corporation has been named Best for Corporate Governance, and the second consecutive year receiving the accolade. Excellence in corporate governance [...]

DOVER, DE - Chesapeake Utilities Corporation (NYSE: CPK) announced today that its Ohio subsidiary, Aspire Energy Express, LLC, has entered into an agreement with American Electric Power (AEP) to construct and operate an intrastate natural gas pipeline in central Ohio to serve a new fuel-cell facility, which will provide on-site electric power to a data center. As demand for distributed data infrastructure continues to rise, investments in data centers have accelerated. AEP is playing a leading role in supporting these developments by providing solutions to customers to meet their increasing power requirements. Chesapeake Utilities operates multiple energy infrastructure subsidiaries throughout [...]

Dover, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced the appointment of Abhijit (“Abhi”) Bhatwadekar as vice president and chief information officer (CIO), effective June 13, 2025. In his new role, Bhatwadekar will lead Chesapeake Utilities’ technology strategy and operations, with responsibility for IT infrastructure, enterprise applications, cybersecurity, data management and vendor partnerships. As CIO, he will play a critical role in aligning technology initiatives with business objectives, supporting the Company’s growth strategy and driving continued digital transformation across the organization. “Abhi brings deep experience in leading enterprisewide technology initiatives and delivering transformative business solutions,” said Jeff Householder, chair of [...]

DOVER, DELAWARE – Chesapeake Utilities Corporation (NYSE: CPK) announced the release of its third sustainability micro-report, showcasing the Company’s ongoing commitment to building a values-driven culture through strategic investments in its employees, communities and customers. The report, which details Chesapeake’s approach to responsible corporate citizenship across its operations, is available at. www.chpk.com/sustainability-reporting/. “Our commitment to sustainability is rooted in the values that define who we are. Every investment we make reflects our responsibility to the customers and communities we serve, and to the employees who drive our progress. Together, we’re building a future that’s not only more sustainable, but grounded [...]

Net income and earnings per share ("EPS")* were $50.9 million and $2.21, respectively, for the first quarter of 2025 compared to $46.2 million and $2.07, respectively, for the first quarter of 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $51.1 million and $2.22, respectively, for the first quarter of 2025 compared to $46.8 million and $2.10, respectively for the first quarter of 2024 Adjusted gross margin** growth of $17.9 million during the first quarter of 2025 driven by customer consumption, regulatory initiatives and [...]

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 $0.64 per share to $0.685 per share. The Board’s action raises the 2025 annualized dividend by $0.18 from $2.56 to $2.74 per share, a 7 percent increase. The $0.685 per share dividend will be payable July 7, 2025 to all shareholders of record at the close of business on June 16, 2025. “The Board’s decision to increase the annualized dividend rate reflects our balanced focus on continued capital investment [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 8, 2025, at 8:00 a.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2025. The earnings press release will be issued on Wednesday, May 7, 2025, after market close. To listen to the Company’s conference call via live webcast, please register here prior to the call. The accompanying presentation will also be available in the registration link for listeners to follow along during the webcast. For investors and analysts that wish to participate by phone for the [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE:CPK) today announced that video recordings of the presentation and panel discussions from the Company's recent 2025 Investor Day are now available to view via web replay on its Investor Relations site: https://investorevent.chpk.com/recap/. The 2025 Investor Day event held March 12-13 at the Kennedy Space Center in Cape Canaveral, Florida, brought together members of the Chesapeake Utilities leadership team and the financial community. In addition to a tour of the newly-commissioned Safety Town in DeBary, Florida, the two-day event included a welcome dinner at the Atlantis Shuttle Exhibit and a corporate presentation on strategy [...]

Dover, Del. – Chesapeake Utilities Corporation (NYSE: CPK) celebrates the 10-year anniversary of its Ohio subsidiary. On April 1, 2015, the Company completed the merger of Gatherco Inc. into Aspire Energy of Ohio LLC to deliver energy through natural gas midstream services, processing and transportation services. Since the merger, the Ohio team has significantly improved the safety, resiliency, and reliability of the natural gas systems, while continuing to meet the growing needs of customers and communities. In a state with a robust workforce, low cost of doing business and natural resources at the ready, Aspire Energy seeks to expand its [...]