Uncategorized News
Chesapeake Utilities Corporation Reports First Quarter 2022 Results
Earnings per share ("EPS")* was $2.08 for the first quarter of 2022, an increase of $0.12, or 6.1 percent, compared to $1.96 for the first quarter of 2021 Quarter-over-quarter growth driven primarily by the acquisition of Diversified Energy, pipeline expansions, natural gas organic growth, regulatory initiatives and higher earnings in the Company's unregulated businesses Continued investment in low carbon energy sources including the successful testing of blended hydrogen with natural gas power at the Company’s Combined Heat and Power (“CHP”) plant and completion of our first compressed natural gas (“CNG”) fueling station near the Port of Savannah, capable of distributing [...]
Chesapeake Utilities Corporation Announces Capacity Expansion to Meet Growing Customer Demand along Coastal Delaware and Maryland Capital Investment of $6.3 Million GalleryChesapeake Utilities Corporation Announces Capacity Expansion to Meet Growing Customer Demand along Coastal Delaware and Maryland Capital Investment of $6.3 Million
Chesapeake Utilities Corporation Announces Capacity Expansion to Meet Growing Customer Demand along Coastal Delaware and Maryland Capital Investment of $6.3 Million
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it is in the final pre-construction stage associated with a $6.3 million capital project that would expand infrastructure to serve new customers from Sussex County, Delaware, to northern Ocean City, Maryland, while also increasing the reliability of the existing distribution system in those areas. As part of the planned project, Chesapeake Utilities will construct a new pipeline to extend existing infrastructure through Fenwick Island, Delaware, to northern Ocean City to serve residences and businesses. In 2017, Sandpiper Energy, a wholly-owned subsidiary of the Company, completed conversion of the Ocean [...]
Chesapeake Utilities Corporation, Sharp Energy and DART join forces to Benefit Food Bank of Delaware
Dover, Del. – Employees from Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) partnered with employees from Chesapeake Utilities, the Company’s natural gas distribution system on the Delmarva Peninsula, and Sharp Energy, the Company’s propane distribution subsidiary, to join DART (Delaware Authority for Regional Transit) for a “Stuff the Bus” food drive on April 25 at Chesapeake Utilities’ Energy Lane headquarters. Employees shopped for food items, then filled a DART paratransit bus, powered by Sharp Energy propane AutoGas, with 3,799 pounds of nonperishable staples valued at more than $5,000. All proceeds were donated to the Food Bank of Delaware to help Delawareans [...]
Chesapeake Utilities To Host First Quarter 2022 Earnings Conference Call On May 4th
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Wednesday, May 4, 2022, at 4:00 p.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2022. The earnings press release will be issued on Tuesday, May 3, 2022, after market close. To participate in this call, dial 877.224.1468 and reference Chesapeake Utilities Corporation’s 2022 First Quarter Financial Results Conference Call. To access the replay recording of this call, please visit the Events & Presentations section of the Investors page on www.chpk.com. Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy [...]
Chesapeake Utilities Corporation Celebrates Gas Utility Workers’ Day
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) proudly joins gas companies across the nation to celebrate Gas Utility Workers’ Day, recognized March 18. The American Public Gas Association established this day of recognition to honor gas utility employees for the important work they do in delivering safe, reliable and affordable energy to homes and businesses. Often the unsung heroes, gas utility team members keep natural gas and propane gas flowing around the clock and, despite challenging conditions, working efficiently to minimize disruption to our customers. They also help deliver on the Company’s commitment to keeping people safe by inspecting [...]
Chesapeake Utilities Corporation Releases Inaugural Sustainability Report, Establishes Two New Roles to Further Advance ESG Initiatives
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today the publication of its inaugural Sustainability Report, which affirms the Company’s environmental, social and governance (ESG) commitments. The Company also announced two new organizational changes to advance its ESG strategy and environmental sustainability initiatives. Chesapeake Utilities’ Inaugural Sustainability Report “Over the past few years, we have increasingly emphasized ESG considerations as important factors in our strategic decision making. Our inaugural Sustainability Report highlights our commitment to sound ESG practices that will support Chesapeake’s responsible growth,” said Jeff Householder, president and CEO. “This report touches on our efforts to reduce emissions [...]
Chesapeake Utilities Corporation Expands its Footprint into the Carolinas with Propane Acquisition
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane subsidiary, Sharp Energy, has acquired the propane operating assets of Diversified Energy Company. Through this acquisition, the Company expands its operating footprint into North Carolina and South Carolina. “Sharp Energy has driven significant growth for Chesapeake Utilities as a market leader in residential, commercial, wholesale and AutoGas propane services. Propane remains a core part of our unregulated energy operations given its high demand, especially in more rural areas where natural gas pipelines cannot or have not yet reached,” said Jeff Householder, president and chief executive officer, Chesapeake [...]
Chesapeake Utilities Corporation Launches New Vendor Registration Portal
New Process Aims to Increase Diversity of Supplier Base DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today the launch of a vendor registration portal for potential new suppliers, building on its commitment to utilize diverse businesses in sourcing goods and services. The portal, available at chpk.com, allows vendors to register for the opportunity to compete for the Company’s business and serves as a central point for vendor information that Chesapeake Utilities and its subsidiaries will use when considering suppliers for a product or service. “With the launch of our new portal, we are intent on taking the lead [...]
Chesapeake Utilities Mourns the Passing of Longtime Board Member Eugene H. Bayard
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced the recent passing of longtime Board member, Eugene H. Bayard. “We are deeply saddened to announce the passing of our good friend and longtime Board member, Eugene (Gene) Bayard. Our sympathies go out to Gene’s wife, Diane, his family, and his many friends and colleagues in Delaware and around the country who had the honor of knowing him and learning from him,” said John R. Schimkaitis, chair of Chesapeake Utilities’ board of directors. “For more than 15 years, Gene contributed to the extraordinary growth, strong culture and unique comradery at [...]
Chesapeake Utilities Corporation Named Large Business of the Year by Salisbury Area Chamber of Commerce
The Large Business of the Year Award, presented to Chesapeake Utilities, was sponsored by Salisbury Wicomico Economic Development. Dr. Christy Weer, SWED board member, presented the award to Jared Shelton of Chesapeake Utilities. DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) has been selected as the 2021 recipient of the Salisbury Area Chamber of Commerce Large Business of the Year Award. This award is presented annually to a firm with a staff of more than 50 which has a substantiated record as an established business. To be eligible for the award, the company must demonstrate growth through at least [...]
Chesapeake Utilities to Host Third Quarter 2021 Earnings Conference Call on November 4th
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, November 4, 2021, at 4:00 p.m. ET to discuss the Company’s financial results for the third quarter ended September 30, 2021. The earnings press release will be issued on Wednesday, November 3, 2021, after market close. To participate in this call, dial 877.224.1468 and reference Chesapeake Utilities Corporation’s 2021 Third Quarter Financial Results Conference Call. To access the replay recording of this call, please visit the Events & Presentations section of the Investors page on www.chpk.com. Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified [...]
Chesapeake Utilities Secures Sustainability Linked Financing for Capital Investments in Energy Delivery Solutions
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that it has secured $9.6 million in sustainability linked financing from Bank of America to fund capital investments in energy delivery solutions provided by the Company’s Marlin Gas Services subsidiary. Marlin Gas Services is one of the country’s leading providers of virtual pipeline solutions for gas utilities, pipeline companies, industrial facilities and other customers. Marlin provides mobile gas delivery services nationwide and specializes in meeting highly specific needs for complex compressed and soon-to-be liquefied natural gas applications. As part of a growing set of service offerings, Marlin is also working [...]
Chesapeake Utilities Corporation Completes Construction of Noble Road Landfill Renewable Natural Gas Transportation Project
Project to Begin RNG Transportation in Fourth Quarter 2021 DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that construction of its Noble Road Landfill Renewable Natural Gas (RNG) pipeline project has been completed. The Company’s subsidiary, Aspire Energy of Ohio, constructed the 33.1-mile pipeline, which will transport RNG generated from the Noble Road Landfill in Shiloh, Ohio, to Aspire Energy’s pipeline system, displacing conventionally produced natural gas. In conjunction with this expansion, Aspire Energy also upgraded an existing compressor station and installed two new metering and regulation sites. Chesapeake Utilities invested $7.3 million in the project, which was [...]
Lisa G. Bisaccia Appointed to Chesapeake Utilities Corporation Board of Directors
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) today announced that as part of the Board’s ongoing succession planning, Lisa G. Bisaccia, retired executive vice president and chief human resources officer of CVS Health, was appointed to serve as a member of the Board of Directors of Chesapeake Utilities, effective Oct. 15. During her tenure at CVS Health, Bisaccia focused on employee engagement and organizational culture; launched companywide talent management and leadership development systems; managed large-scale acquisitions; ensured organizational diversity and inclusion; and oversaw CVS Health’s corporate social responsibility and philanthropy. “On behalf of the entire Board, we are [...]
Chesapeake Utilities Corporation Appoints Noah Russell Assistant Vice President and Assistant Treasurer
Thomas Mahn to Retire as Vice President and Treasurer DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces the appointment of Noah Russell, CPA, as assistant vice president and assistant treasurer. This appointment follows the retirement announcement of Thomas Mahn, current vice president and treasurer, effective Dec. 31. Russell has almost two decades of leadership experience across multiple areas of finance, accounting and strategic planning. He joins Chesapeake Utilities from Energy Transfer LP, where he served as director of strategic planning, mergers and acquisitions, since April 2017. Among his responsibilities were building and preparing long-range planning models with funds flow, coverage [...]
