Financial & Corporate News

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, February 23, 2023, at 8:30 a.m. ET to discuss the Company’s financial results for the fourth quarter and full year ended December 31, 2022. The earnings press release will be issued on Wednesday, February 22, 2023, after market close. To listen to the Company’s conference call via live webcast, please visit the Events & Presentations section of the Investors page on www.chpk.com. For investors and analysts that wish to participate by phone for the question and answer portion of the call, please use the [...]

Proprietary poultry waste technology expands the Company’s waste-to-energy capabilities DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it purchased 100% of the membership interest of Planet Found Energy Development, LLC (PFED) for $9.4 million. PFED is a Maryland-based entity formed by Delmarva-based scientists, farmers and business people dedicated to developing poultry litter management technologies. This acquisition aligns with the Company’s renewable energy investment objectives including: Internal technology expertise, especially related to organic soil conditioner and future fertilizer production, an important economic component in poultry waste biogas production. Operation of a small poultry biogas facility in Maryland [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.535 per share on the Company’s common stock. The $0.535 per share dividend will be paid on January 5, 2023 to all shareholders of record at the close of business on December 15, 2022. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 62 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 [...]

Year-to-date earnings per share ("EPS")* of $3.58, an increase of $0.13 or 8 percent, compared to $3.45 in the prior year period EPS of $0.54 in the third quarter, with year-over-year growth impacted by one-time, non-recurring items in the third quarter of 2021 and rising interest rates in 2022 Higher performance during the first nine months of 2022 was driven by pipeline expansions, regulatory initiatives, natural gas organic growth, acquisition contributions, and higher earnings in the Company's unregulated businesses Secured long-term financing of $80 million to support the Company's capital structure and long-term growth strategy Interim rates associated with the [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that the Company’s 2021 Annual Report and inaugural Sustainability Report were recognized in the 2022 MerComm International Annual Reports Competition (ARC) Awards competition, the world’s largest competition honoring excellence in reports. The 2021 Annual Report, “Our Commitment: Sustain Growth. Make a Difference. Lead the Way.” was recognized in four categories, and the inaugural Sustainability Report was recognized in two categories. Both reports are available on the Company’s website, chpk.com. The awards are listed here:   Award Publication Category Class Gold Annual Report Annual Report with Form 10-K Electric and Gas Services Gold [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it was named Best for Corporate Governance in the United States by World News Media Ltd.’s World Finance, an international publication. World News Media recognizes companies whose strong corporate governance practices have led to remarkable business performance in an ever-changing market. Other companies earning accolades include Nokia in Finland, Spotify in Sweden, and other prestigious companies across the globe. “The Best in Corporate Governance in the United States recognizes the continued leadership of our board of directors, and the commitment, collaboration and exceptional work performed by the Chesapeake Utilities’ team,” [...]

Year-to-date earnings increased to $3.04 per share from $2.75, an increase of $0.29 or 10.5 percent, compared to the prior year Earnings per share ("EPS")* was $0.96 for the second quarter of 2022, an increase of $0.18, compared to $0.78 for the second quarter of 2021 Included in the second quarter results was a one-time gain of $1.9 million or $0.08 in EPS related to a building sale Performance in the first half of 2022 was driven by the acquisition of Diversified Energy, pipeline expansions, natural gas organic growth, regulatory initiatives and higher earnings in the Company's unregulated businesses during [...]