• Net income was $13.7 million, or $1.43 per share, for the quarter ended March 31, 2011, compared to $14.0 million, or $1.47 per share, for the quarter ended March 31, 2010.
  • Growth in Chesapeake’s Delmarva natural gas distribution and transmission businesses generated $1.1 million of additional gross margin.
  • Propane margins per gallon increased to normal levels, adding increased gross margin of $1.0 million.
  • Warmer temperatures on the Delmarva Peninsula and in Florida during the quarter ended March 31, 2011, compared to last year, resulted in lower gross margin of $2.1 million.

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) today announced financial results for the quarter ended March 31,