Uncategorized News

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or the “Company”) today announced that it has established an at-the-market equity offering program (the “ATM Program”) under which it may, from time to time, sell shares of its common stock having an aggregate sales price of up to $100,000,000 (the “Shares”). Chesapeake Utilities has entered into an equity distribution agreement with each of RBC Capital Markets, LLC, Barclays Capital Inc., Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., Guggenheim Securities, LLC, Citizens JMP Securities, LLC, M&T Securities, Inc., Maxim Group LLC, PNC Capital Markets LLC, and Siebert Williams [...]

Dover, Delaware – For the fifth consecutive year, two subsidiaries of Chesapeake Utilities Corporation (NYSE: CPK) have been honored with the Delaware State News’ prestigious Stars of Delaware accolades. Chesapeake Utilities, which provides natural gas distribution across much of the Delmarva Peninsula, was recognized as the Best Energy Provider and Best Company with Over 50 Employees. Additionally, Sharp Energy, the corporation's propane distribution subsidiary, earned the title of Best Propane Company and was also named Best Company with 26-50 Employees. “We are honored to receive this recognition. This award is a testament to our team’s dedication to the customers [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a Champion of Board Diversity for a second consecutive year by The Forum of Executive Women (The Forum). This award annually honors the top public companies in the Philadelphia region with boards comprised of at least 30% women. A record-breaking 46 Champions of Board Diversity were recognized at the Tuesday, Nov. 12, Forum Leadership Breakfast, which highlights the status of women’s professional leadership in the Philadelphia region. Chesapeake Utilities Corporation is one of 13 companies designated as a Silver Champion, with 40% or more women on their respective boards. [...]

Net income and earnings per share ("EPS")* were $17.5 million and $0.78, respectively, for the third quarter of 2024, and $81.9 million and $3.66, respectively, for the nine months ended September 30, 2024 Adjusted net income and Adjusted EPS**, which exclude transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas ("FCG"), were $18.1 million and $0.80, respectively, for the third quarter of 2024 and $84.2 million and $3.76, respectively, for the nine months ended September 30, 2024 Adjusted gross margin** growth of $89.3 million during the first nine months of 2024 driven by contributions from FCG, [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.64 per share on the Company’s common stock. The $0.64 per share dividend will be paid on January 6, 2025, to all shareholders of record at the close of business on December 16, 2024. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 64 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 [...]

The innovative RNG production facility showcases Chesapeake Utilities’ strategic execution across the entire energy delivery value chain LEE, Fla. – Chesapeake Utilities Corporation (NYSE: CPK) held a ribbon-cutting ceremony on Monday, Oct. 28, to mark the official completion of its renewable natural gas (RNG) facility at Full Circle Dairy (FCD) in Lee, Florida. The facility, a full-scale dairy manure-to-pipeline-quality RNG operation expected to produce an average of 100,000 dekatherms annually, represents a capital investment of $22 million. The facility began producing RNG in June 2024 and is expected to capture and redirect more than 1,100 metric tons of methane [...]

DOVER, Del. - In the aftermath of Hurricanes Helene and Milton, Chesapeake Utilities Corporation (NYSE:CPK) has announced $50,000 in donations to support the continuing recovery efforts of affected communities. The Company is donating to the following organizations: $30,000 to American Red Cross – Help those Affected by Disasters: providing food, shelter, relief supplies, emotional support, recovery planning and other assistance during disasters. $10,000 to Volunteer Florida – The Florida Disaster Fund: a private fund established to assist Florida’s communities as they respond to and recover during times of emergency or disaster. $10,000 to Samaritan's Purse – Hurricane Relief Fund: a [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 8, 2024 at 8:30 a.m. ET to discuss the Company’s financial results for the third quarter ended September 30, 2024. The earnings press release will be issued on Thursday, November 7, 2024, after market close. To listen to the Company’s conference call via live webcast, please register here prior to the call. The accompanying presentation will also be available in the registration link for listeners to follow along during the webcast. For investors and analysts that wish to participate by phone for the question [...]

Impact to Service Area Likely Fernandina Beach, Florida – Florida Public Utilities Company (FPU), Sharp Energy and Florida City Gas (FCG), subsidiaries of Chesapeake Utilities Corporation, are monitoring Hurricane Milton and are prepared to respond in the likely event the storm impacts the Company’s service areas. The Company has adjusted staffing levels and is prepared to respond to any potential service interruptions that may result from heavy rain and high wind gusts. Florida Public Utilities (FPU) Electric customers should report outages at 800.427.7712  or online at www.FPUC.com/ReportOutage. Natural gas customers should report any service interruptions or gas emergencies at 800.427.7712. FPU propane [...]

Fernandina Beach, Florida – Florida Public Utilities Company (FPU), Sharp Energy and Florida City Gas (FCG), subsidiaries of Chesapeake Utilities Corporation, are monitoring projections for Hurricane Milton in Florida and are prepared to respond if the storm impacts our service areas. FPU, Sharp Energy and FCG have adjusted Company staffing and are preparing electric, natural gas and propane personnel in Florida and in service areas outside of Florida to respond to any potential service interruptions that may result from heavy rain and high wind gusts. Florida Public Utilities (FPU) Electric customers should report outages at 800.427.7712or online at www.FPUC.com/ReportOutage. Natural gas [...]

Impact to Service Area Likely Marianna, Florida – Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation, is monitoring Tropical Storm Helene and is prepared to respond in the likely event the storm impacts the Company’s service areas. The Company has adjusted staffing levels and is prepared to respond to any potential service interruptions that may result from heavy rain and high wind gusts. FPU customers should report service interruptions or gas emergencies by calling 1.800.427.7712 or online at www.FPUC.com/ReportOutage. For storm updates and additional safety information, please visit www.fpuc.com/stormupdate. We urge customers to stay safe and [...]

Fernandina Beach, Florida – Florida Public Utilities Company (FPU) and Florida City Gas (FCG), subsidiaries of Chesapeake Utilities Corporation, continue to monitor projections for Tropical Storm Helene in Florida and are prepared to respond if the storm impacts our service areas. FPU and FCG have adjusted Company staffing and are preparing electric, natural gas and propane personnel in Florida and in service areas outside of Florida to respond to any potential service interruptions that may result from heavy rain and high wind gusts. FPU customers should report service interruptions or gas emergencies at 1.800.427.7712 or online at www.FPUC.com/ReportOutage. FCG [...]

Dover, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces the release of its 2023 Environmental Stewardship Report, which can be accessed at www.chpk.com. The report is the second in a series of micro-reports and highlights the Company's continued progress in reducing emissions and contributing to a more sustainable future. “The focus on sustainability is supported and shared across our organization. Our team identifies and pursues emission-reducing projects, not only internally but also to support our customers’ sustainability goals,” said Jeff Householder, chair of the board, president and CEO of Chesapeake Utilities Corporation. “We see sustainability in action through projects [...]

Dover, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane distribution subsidiary, Sharp Energy, received the 2024 award for Best Propane Provider in Sussex County from Coastal Style Magazine. The publication is the premier lifestyle brand of the Eastern Shore, and its Best of 2024 selections showcase readers’ choices for the finest businesses in the region. Readers cast more than 500,000 votes in this year’s competition. “It’s an honor to be recognized as Best Propane Provider by the communities we serve,” said Bill Hancock, assistant vice president, propane operations. “Sharp Energy has built a solid reputation for providing [...]