Financial & Corporate News
Chesapeake Utilities Corporation to Attend Wells Fargo Securities 18th Annual Midstream and Utility Symposium
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) today announced that Beth Cooper, Executive Vice President, Chief Financial Officer and Assistant Corporate Secretary, and Tom Mahn, Vice President and Treasurer, will be attending the Wells Fargo Securities 18th Annual Midstream and Utility Symposium at the New York Hilton Midtown in New York City on December 11 and 12, 2019. Ms. Cooper and Mr. Mahn will be participating in a series of scheduled one-on-one meetings with members of the investment community in attendance at the conference. The presentation for the conference will be available before the event on the Company’s website [...]
Chesapeake Utilities Corporation Receives Corporate Secretary’s 2019 Governance Team of the Year Award
Stacie Roberts, Assistant Vice President of Corporate Governance for Chesapeake Utilities Corporation, approaches the podium during the opening ceremony at Corporate Secretary magazine’s 12th annual Corporate Governance Awards ceremony in New York City. (photo courtesy of Chesapeake Utilities Corporation) DOVER, DE – Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that its Corporate Governance team was named Governance Team of the Year at the Corporate Secretary magazine’s 12th annual Corporate Governance Awards ceremony in New York City on November 21, 2019. The award recognizes the best overall corporate governance team among small to mid-cap companies throughout the [...]
Chesapeake Utilities Corporation Appoints Shane Breakie to Vice President
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK), announced today that Shane E. Breakie has been promoted from Assistant Vice President to Vice President of Chesapeake Utilities. Mr. Breakie is responsible for overseeing the day-to-day activities of the Company’s Delmarva Natural Gas (DNG) and Sandpiper Energy gas distribution systems on the Delmarva Peninsula. “Shane has considerable energy experience and strategic marketing expertise that will continue to serve him well in this leadership role and in further positioning our gas distribution business on Delmarva for growth,” said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. “His commitment to [...]
LILA A. JABER APPOINTED TO CHESAPEAKE UTILITIES CORPORATION BOARD OF DIRECTORS
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) today announced that as part of its Board’s ongoing succession planning, Lila A. Jaber, regional managing shareholder who leads the regulatory and legislative government affairs practice in Florida for Gunster Yoakley & Stewart, P.A., was appointed to serve as a member of the Board of Directors of Chesapeake Utilities effective January 1, 2020. Ms. Jaber served two terms as both Commissioner and Chair of the Florida Public Service Commission overseeing the state’s implementation of economic regulatory policy and procedures for the energy and natural gas industries. “On behalf of the [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2019 RESULTS
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or the “Company”) today announced third quarter financial results. The Company's net income for the quarter ended September 30, 2019 was $5.6 million, compared to $5.5 million for the same quarter of 2018. Consolidated earnings per share ("EPS") for both quarters ended September 30, 2019 and 2018 was $0.34 per share. Net income for the nine months ended September 30, 2019 was $42.6 million, or $2.59 per share, compared to $38.8 million, or $2.36 per share, for the same period in 2018.
CHESAPEAKE UTILITIES CORPORATION ANNOUNCES QUARTERLY DIVIDEND
Dover, Delaware – Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.405 per share on the Company’s common stock. The $0.405 per share dividend will be paid on January 6, 2020 to all shareholders of record at the close of business on December 16, 2019. Chesapeake has paid dividends to its shareholders without interruption for 59 years. During those 59 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities Corporation is a diversified energy company engaged in natural gas distribution and transmission; electricity generation and distribution; propane gas [...]
CHESAPEAKE UTILITIES CORPORATION TO HOST CONFERENCE CALL TO REVIEW THIRD QUARTER 2019 FINANCIAL RESULTS
Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 8, 2019, at 10:30 a.m. ET to discuss the Company’s financial results for the third quarter ended September 30, 2019. The earnings press release will be issued on Thursday, November 7, 2019, before market hours. To participate in this call, dial 855.801.6270 and reference Chesapeake Utilities Corporation’s 2019 Third Quarter Financial Results Conference Call. To access the replay recording of this call, please visit the Company’s website at CPK - Conference Call Audio Replay. Chesapeake Utilities Corporation is a diversified energy company engaged in [...]
Chesapeake Utilities Corporation to Exit the Natural Gas Marketing Business; Selling Peninsula Energy Services Company, Inc. Assets
DOVER, DE – Chesapeake Utilities Corporation (Chesapeake Utilities) (NYSE: CPK) today announced that it is exiting the natural gas marketing business through the sale of the majority of the assets of Peninsula Energy Services Company, Inc. (PESCO), the Company’s natural gas marketing subsidiary. To date, the Company has executed three separate transactions to sell PESCO’s assets and contracts: PESCO’s Florida retail operations will be sold to Gas South LLC. PESCO’s other non-Florida retail operations and contracts were sold to United Energy Trading, LLC (UET). PESCO’s Mid-Atlantic wholesale contracts and Chesapeake Utilities’ Delaware division, Maryland division and Sandpiper Energy Asset Management [...]
FPU Mobilized and Prepared to Respond to Effects of Hurricane Dorian
FERNANDINA BEACH, FL – With Hurricane Dorian anticipated to begin impacting the Eastern Seaboard in the next 24-48 hours, Florida Public Utilities Company (FPU) has mobilized its electric, natural gas and propane staff and activated the Company’s response plan as the Storm approaches. Significant amounts of rainfall and strong, gusty winds are forecasted. Just as FPU prepares, the Company is asking its customers to have emergency plans in place for their families. As with previous hurricanes, FPU is asking customers to closely monitor any storm developments and to follow the advice and guidelines of local government. Customers should report service [...]
Florida Public Utilities Company Monitoring Hurricane Dorian and Preparing for Potential Florida Landfall
FERNANDINA BEACH, FL – Florida Public Utilities Company (FPU) is monitoring the current projections of Hurricane Dorian and preparing to respond around the clock as safely and quickly as possible in the event the Storm impacts FPU’s service area. Some forecasts indicate the Storm may make landfall in Florida as early as Tuesday, September 3. FPU is adjusting Company staffing and preparing electric, natural gas and propane personnel to respond to any potential service interruptions that may result from heavy rain and high wind gusts from the Storm. Just as FPU prepares, the Company is asking its customers to have [...]
Chesapeake Utilities Corporation Named Top Workplace for Eighth Consecutive Year
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that the Company has been recognized as a Top Workplace by Energage, a research firm that specializes in organizational health and workplace engagement. Chesapeake was named a top place to work in Delaware for the eighth consecutive year, and in central Florida, Chesapeake’s subsidiary, Florida Public Utilities Company, earned Top Workplace recognition for the first time. These honors are based entirely on feedback from employees who were surveyed by Energage, a research firm that specializes in organizational health and workplace engagement. In Delaware, Energage partners with The News Journal and [...]
Sharp Energy Receives Industry Award for Support of Alternative Fuels
DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane subsidiary, Sharp Energy, Inc., was recently selected by the Eastern Pennsylvania Alliance for Clean Transportation (EP-ACT) as a recipient of its Industry Support Award. Sharp Energy was nominated and selected by EP-ACT’s nominating committee to receive the award for Sharp’s support of alternative fuels and technologies. EP-ACT is one of nearly 90 coalitions in the U.S. sponsored by the U.S. Department of Energy (DOE) Vehicle Technologies Program. The Industry Support Award recognizes Sharp for immediate and consistent action in placing alternative fuel vehicles, fuel supply or technologies on [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2019 RESULTS
Chesapeake Utilities continues to generate strong financial and operational results Second quarter GAAP earnings increased to $0.50 per share* from $0.39, over prior year second quarter Year-to-date GAAP earnings increased to $2.25 per share from $2.03, over prior year Eastern Shore and Northwest Florida pipeline expansion projects contributed $3.7 million and $8.1 million in additional gross margin** during the second quarter and year-to-date December 2018 asset acquisitions of Marlin Gas Transport and Ohl contributed $1.1 million and $3.9 million in gross margin for the second quarter and year-to-date, respectively Future growth opportunities, including West Palm Beach expansion, Del Mar Energy [...]
Know What’s Below and Above – August 11 is a Reminder for Customers to Call 811 Prior to Digging
DOVER, DE – With August 11 quickly approaching, Chesapeake Utilities Corporation (NYSE: CPK) wants this date on the calendar, 8/11, to serve as a reminder to its natural gas, propane and electric customers as well as all contractors to call 811 to have utility-owned underground lines marked prior to digging. A survey conducted earlier this year by the Common Ground Alliance, the national association that promotes the 811 phone number and safe digging practices, projected that 42 percent of homeowners who planned to dig this year for various projects, were likely to put themselves and their communities at risk by [...]
CHESAPEAKE UTILITIES CORPORATION ANNOUNCES QUARTERLY DIVIDEND
Dover, Delaware – Today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.405 per share on the Company’s common stock. The $0.405 per share dividend will be paid on October 7, 2019 to all shareholders of record at the close of business on September 13, 2019. Chesapeake has paid dividends to its shareholders without interruption for 58 years. During those 58 years, Chesapeake has either maintained or increased its annualized dividend. Chesapeake Utilities is a diversified energy company engaged in natural gas distribution, transmission and marketing; electricity generation and distribution; propane gas [...]
