Why Invest In CPK?
With many opportunities for long-term growth, the Company is focused on generating increased shareholder value well into the future. When making an investment decision, investors consider past performance, present initiatives and potential future opportunities for growth. Chesapeake Utilities Corporation doubled in size twice in the 10 years since the 2009 acquisition of Florida Public Utilities (FPU). Our projections in 2019 indicated that we could double again by the end of 2023; and we did. At our current rate, there is a distinct possibility of repeating that level of growth over the next several years, all while continuing to prioritize safety, business transformation, employee engagement and environmental stewardship. Chesapeake Utilities Corporation’s strong performance demonstrates our employees’ continuous collaboration and relentless focus to deliver essential services with safety at the forefront every day.
As a trusted and responsible energy provider, Chesapeake Utilities is built upon a legacy of caring and is committed to making positive contributions to the economic prosperity and sustainability of our communities. Our employees collaborate across our businesses to understand customers’ challenges, identify innovative solutions and pursue growth opportunities within our existing businesses as well as in new markets. Within this process, we adhere to a disciplined business approach as we expand our energy services and extend our geographic footprint, providing customers with multiple energy solutions.
$2.7BInvested in capital expenditures2020-2025
$1.5-1.8Bcapital expenditures guidance 2024-2028
“2025 was a remarkable year, driven by significant achievement and record-breaking growth. Our theme for the year — Delivering with Purpose, Reaching New Heights — reflected an opportunity to achieve our growth targets two years into the integration of Florida City Gas (FCG). I am proud of everything our team has done to deliver with purpose. We have, once again, reached significant new heights across our entire enterprise.”
– Jeff Householder, Chair of the Board, President and CEO
Looking to the Future
We remain committed to our long‑term capital investment and earnings guidance through 2028, representing $1.5 to $1.8 billion in planned capital investment and an 8% compound annual growth rate in earnings per share, reflecting the opportunities we see ahead and our disciplined approach to execution. Our growth strategy is focused on investing in critical natural gas infrastructure, transportation and storage projects that support above-average earnings growth and long‑term value creation. As a primarily regulated utility, we will continue to work constructively with regulators while advancing business transformation through investments in our people, processes and systems to strengthen operational excellence, scalability and long‑term performance.
2025 Year in Review
$6.01
adjusted diluted EPS for 2025, marking the 19th consecutive year of record earnings for the Company.*
*In adjusted diluted EPS
$113.3M
adjusted gross margin increase in 2024, representing a 25% growth compared to 2023 and marking one of the highest annual increases in our history.
13
major capital projects filed and approved since the beginning of 2024.
$3.4B
in total assets at December 31, 2024.
65%
increase in capital expenditure guidance, from $900 million to $1.1 billion (2021-2025) to $1.5 billion to $1.8 billion for the five years ended 2028.
$356M
of capital expenditures in 2024, of which 90% was regulated investment.
Total Shareholder Return over the last 5-year period was in the top quartile relative to our peer group.
Embracing Transformation
To support growth at greater scale, Chesapeake Utilities Corporation is advancing a One Company transformation centered on simplification, standardization and automation. Guided by four core pillars, people, processes, systems and structure, this multiyear effort has delivered cost savings, improved customer service and stronger teammate engagement. We are now accelerating transformation to prepare the Company for its next phase of growth and long-term success.
Our Commitment to Safety
Safety has always been a top priority for our Company. We are proud of our long record of safe operations and have consistently earned national safety awards. They represent our commitment to protecting our employees, customers and communities.
Enriching Our Company Culture
Fostering a culture that attracts, nurtures and retains highly engaged employees is the driving force behind our continued success. It is critical to our mission that every individual understands how their role contributes to Chesapeake Utilities’ strategic objectives. We have taken several steps to assess engagement levels and enhance the employee experience.
News and Press Releases
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500 Energy Lane
Dover, Delaware 19901
Chesapeake Utilities Corporation (“Chesapeake Utilities”) is a diversified energy delivery company listed on the New York Stock Exchange under the ticker symbol “CPK” (NYSE:CPK). Chesapeake Utilities is not, nor has it ever been, affiliated with Chesapeake Energy Corporation.