Uncategorized News

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 [...]

Dover, Delaware – For the fifth consecutive year, two subsidiaries of Chesapeake Utilities Corporation (NYSE: CPK) have been honored with the Delaware State News’ prestigious Stars of Delaware accolades. Chesapeake Utilities, which provides natural gas distribution across much of the Delmarva Peninsula, was recognized as the Best Energy Provider and Best Company with Over 50 Employees. Additionally, Sharp Energy, the corporation's propane distribution subsidiary, earned the title of Best Propane Company and was also named Best Company with 26-50 Employees. “We are honored to receive this recognition. This award is a testament to our team’s dedication to the customers [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a Champion of Board Diversity for a second consecutive year by The Forum of Executive Women (The Forum). This award annually honors the top public companies in the Philadelphia region with boards comprised of at least 30% women. A record-breaking 46 Champions of Board Diversity were recognized at the Tuesday, Nov. 12, Forum Leadership Breakfast, which highlights the status of women’s professional leadership in the Philadelphia region. Chesapeake Utilities Corporation is one of 13 companies designated as a Silver Champion, with 40% or more women on their respective boards. [...]

Net income and earnings per share ("EPS")* were $17.5 million and $0.78, respectively, for the third quarter of 2024, and $81.9 million and $3.66, respectively, for the nine months ended September 30, 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 $18.1 million and $0.80, respectively, for the third quarter of 2024 and $84.2 million and $3.76, respectively, for the nine months ended September 30, 2024 Adjusted gross margin** growth of $89.3 million during the first nine months of 2024 driven by contributions from FCG, [...]

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 January 6, 2025, to all shareholders of record at the close of business on December 16, 2024. With this dividend, Chesapeake will have 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 innovative RNG production facility showcases Chesapeake Utilities’ strategic execution across the entire energy delivery value chain LEE, Fla. – Chesapeake Utilities Corporation (NYSE: CPK) held a ribbon-cutting ceremony on Monday, Oct. 28, to mark the official completion of its renewable natural gas (RNG) facility at Full Circle Dairy (FCD) in Lee, Florida. The facility, a full-scale dairy manure-to-pipeline-quality RNG operation expected to produce an average of 100,000 dekatherms annually, represents a capital investment of $22 million. The facility began producing RNG in June 2024 and is expected to capture and redirect more than 1,100 metric tons of methane [...]