Uncategorized News

Public Service Commission Votes to Approve Programs Benefitting Delaware Residents DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today the Delaware Public Service Commission voted to approve the Company’s establishment of a portfolio of natural gas energy efficiency programs for Delaware. Chesapeake Utilities will partner with the Delaware Sustainable Energy Utility to deliver the programs, which are the first natural gas efficiency programs to be offered in the state. Delaware residents will benefit from solutions to lower energy costs and live more sustainably. “Leading the first natural gas energy efficiency program in Delaware demonstrates our continuing commitment to [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced that Lucia Dempsey has joined the Company as head of investor relations, effective April 15. Dempsey will be responsible for communicating to the investment community Chesapeake Utilities’ strategy and commitment to being a leader in delivering energy that ensures a more sustainable future for our service territories. Dempsey will serve as a key contact with the financial community, helping communicate the Company’s unique value proposition, investment opportunities and sustainability initiatives. “Lucia joins Chesapeake Utilities following our 17th consecutive year of record earnings and on the heels of our transformative acquisition [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 9, 2024, at 8:30 a.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2024. The earnings press release will be issued on Wednesday, May 8, 2024, 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 question [...]

DOVER, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) issued its 2023 Safety and Reliability Report today, providing updates on the related topics most important to the Company’s businesses, stakeholders and the communities we serve, including:• Progress toward safety targets• Employee and community engagement metrics, including first responder training• Implementation of new programs and initiatives driven by our risk management mindset• Reliability and resiliency efforts, including key infrastructure improvement projects• 2023 initiatives and accomplishments, including awards and success stories"Continuous improvement is a hallmark of the Chesapeake Utilities success story. With that in mind, we are excited to unveil our first in [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.59 per share on the Company’s common stock. The $0.59 per share dividend will be paid on April 5, 2024 to all shareholders of record at the close of business on March 15, 2024. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 63 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 [...]

Second State-of the-Art Safety Training Center Underway DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it broke ground for its second safety training facility in DeBary, Florida, to serve its Florida subsidiaries Florida Public Utilities (FPU) and Florida City Gas (FCG). Florida’s Safety Town will serve as a resource for training employees who build, maintain and operate the Company’s energy infrastructure, as well as regional first responders. The facility will be modeled after Chesapeake Utilities’ Safety Town training facility in Dover, Delaware, which was completed in November 2020. Jeff Householder, president, CEO and chairman of the board, Chesapeake Utilities Corporation, explained the [...]

Dover, Delaware - Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son’s in Cape Fear, North Carolina. Through this acquisition, Sharp Energy expands its customer base in North Carolina, including adding approximately 3,000 customers and distribution of approximately 800,000 gallons of propane annually. The transaction also includes a bulk plant with 60,000 gallons of propane storage, enabling the Company to realize efficiencies with additional storage capacity and overlapping delivery territories. “We are excited to welcome J.T. Lee and Son’s customers and employees into the Sharp Energy [...]

Transformative transaction more than doubles operations in high-growth Florida; expands regulated utility business mix and aligns with long-term earnings and dividend growth targets.Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) today announced the completion of the acquisition of Florida City Gas (FCG), which is now a wholly-owned subsidiary of the Company. This transaction represents an expansion of Chesapeake Utilities’ footprint in the dynamic and high-growth market of Florida, encompassing five of the top 10 most populous counties. By more than doubling Chesapeake Utilities' customer base and natural gas infrastructure in the state, the Company is positioned for substantial future growth.“We [...]

Dover, Delaware – The Company announced today that members of Management of Chesapeake Utilities Corporation (NYSE: CPK) will present and host one-on-one meetings with investors at the Sidoti December Virtual Investor Conference taking place on December 6-7, 2023. The presentation will begin at 1:00 pm ET on Wednesday, December 6, 2023 and can be accessed live here: Sidoti Virtual Investor Conference December 6, 2023. Chesapeake Utilities will also host virtual one-on-one meetings with investors on Wednesday, December 6th.  To register for the presentation or a one-on-one meeting, visit www.sidoti.com/events. Registration is free and you do not need to be a [...]

DOVER, DELAWARE (November 10, 2023) – Chesapeake Utilities Corporation (NYSE: CPK) today announced the pricing of an underwritten public offering of 3,859,649 shares of its common stock at an offering price of $85.50 per share. In connection with the offering, the underwriters have been granted a 30-day option to purchase up to 578,947 additional shares of the Company's common stock. The offering is expected to close on November 14, 2023, subject to the satisfaction of customary closing conditions. The net proceeds from the offering, after deducting underwriting discounts and commissions and before estimated offering expenses, are expected to be [...]

DOVER, DELAWARE  – Chesapeake Utilities Corporation (NYSE: CPK) today announced the commencement of an underwritten public offering of $330,000,000 of shares of its common stock. Chesapeake also intends to grant the underwriters of the offering a 30-day option to purchase up to $49,500,000 of additional shares of the Company's common stock. The net proceeds from the offering will be used to fund, in part, the acquisition of Florida City Gas, which is expected to close in the fourth quarter of 2023, and to pay related fees and expenses. Barclays Capital Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC [...]

Earnings per share ("EPS")* for the third quarter of 2023 was $0.53 compared to $0.54 per share for the third quarter of 2022 Adjusted EPS** for the third quarter of 2023, which excludes transaction-related expenses attributable to the announced acquisition of Florida City Gas ("FCG"), increased by 28 percent to $0.69 compared to $0.54 per share for the third quarter of 2022 Year-to-date EPS was $3.47 compared to $3.58 per share in the prior year. Adjusted EPS, excluding transaction-related expenses, for the nine months ended September 30, 2023 was $3.63 Historically warmer temperatures significantly impacted customer consumption during the first half [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.59 per share on the Company’s common stock. The $0.59 per share dividend will be paid on January 5, 2024 to all shareholders of record at the close of business on December 15, 2023. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 63 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 [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) continues to advance the lower-carbon economy transition as an industry anchor partner with the Mid-Atlantic Clean Hydrogen Hub (MACH2TM). The Department of Energy (DOE) announced on Oct. 13 that the MACH2TM was one of seven regional hydrogen hubs selected to receive an allocated share of the $7 billion in Bipartisan Infrastructure Law funding to accelerate the market for hydrogen in the United States. “Chesapeake Utilities is an essential partner of the Mid-Atlantic Clean Hydrogen Hub,” said Collin O'Mara, board chair of the MACH2TM. “We look forward to working collaboratively with our partners [...]