Uncategorized News

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 [...]

DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) celebrated the opening of its second Safety Town training facility with a ribbon-cutting ceremony in DeBary, Florida, on Thursday, Feb. 27. Chesapeake Utilities’ Florida Safety Town is a state-of-the-art facility that provides the Company’s Florida operations teams with hands-on and classroom training enabling collaboration with first responders and other community partners. The one-acre center was modeled after Chesapeake Utilities’ Safety Town training facility in Dover, Delaware, and features specialized learning environments, including simulations for hit line and gas leaks, service hook-ups, utility locating, leak detection and corrosion monitoring. The facility houses technology-equipped training [...]

Net income and earnings per share ("EPS")* were $118.6 million and $5.26, respectively, for the full year 2024, and $36.7 million and $1.60, respectively, for the fourth quarter of 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG"), were $121.5 million and $5.39, respectively, for the full year 2024, and $37.3 million and $1.63, respectively, for the fourth quarter of 2024 Adjusted gross margin** increased by $113.3 million during the year driven by contributions from FCG, regulatory initiatives and infrastructure programs, natural gas organic growth, continued [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company’s common stock. The $0.64 per share dividend will be paid on April 7, 2025 to all shareholders of record at the close of business on March 14, 2025. Chesapeake has paid dividends to its shareholders without interruption for 64 years and has increased its annualized dividend every year since 2004. About Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange [...]

Dover, Del. - Chesapeake Utilities Corporation (NYSE:CPK) has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC). The Company was honored in the Over 50 Employees category. The award, which recognizes the efforts of employers to support service members, veterans and their family members through workplace initiatives, was presented on Feb. 20 at the JMAC’s annual State of the Guard Address. Chesapeake Utilities is committed to building a workforce that mirrors the diversity and strength of the communities we serve. Our veteran colleagues possess invaluable attributes and skills that [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 27, 2025 at 8:30 a.m. ET to discuss the Company’s financial results for the fourth quarter and full year ended December 31, 2024. The earnings press release will be issued on Wednesday, February 26, 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 [...]

Ranked highest among natural gas utilities in the southern region. DOVER, Delaware – Florida City Gas (FCG), a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK), has been named a 2024 Customer Champion in a prestigious Cogent Syndicated report by Escalent, a leading data analytics and advisory firm specializing in the energy and utility sector. The report evaluated 142 major utilities across the United States, highlighting FCG as one of the top 47 companies recognized for fostering strong and engaged customer relationships. Customer Champions named in the study also excelled in critical areas such as safety and reliability, environmental stewardship and [...]

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or the “Company”) today announced that it has established an at-the-market equity offering program (the “ATM Program”) under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the “Shares”). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams [...]