Uncategorized News

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) today announced the first injections of renewable natural gas (RNG) at its Radio Avenue injection point in Yulee, Florida, from the Company’s RNG facility at Full Circle Dairy in Madison County. FPU Renewables, which constructed and operates the RNG facility, and its parent company, Florida Public Utilities Company, are subsidiaries of Chesapeake Utilities Corporation (Chesapeake Utilities). The injections are part of the commissioning phase of the Company’s first RNG development project, which included the construction and operation of a dairy manure-to-biogas RNG facility at Full Circle Dairy. The facility is now producing [...]

Dover, Delaware – 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. This prestigious award marks the Company’s second time being recognized by World News Media for its commitment to corporate governance practices that advance integrity, transparency and accountability throughout the organization. At Chesapeake Utilities Corporation, corporate governance is a commitment to our employees, shareholders, regulators, communities and other stakeholders, and is embedded within our mission to deliver energy that makes life better for the people and communities we serve. [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) subsidiary, Florida City Gas, was listed as a company that is one of the Easiest to Do Business With by Escalent, a data analytics and advisory firm with extensive energy, utility and brand experience. Escalent conducted surveys among 62,898 residential electric, natural gas and combination utility customers of the 141 largest U.S. utility companies (based on residential customers). According to Escalent, utilities recognized as “Easiest to Do Business With” consistently make it easier for customers to find information, use relevant programs and solve issues across service channels. This recognition aligns with our 1CX [...]

Dover, Del. - Chesapeake Utilities Corporation (NYSE: CPK) announced today that its propane distribution subsidiary, Sharp Energy, received the 2024 award for Best Gas Company by Metropolitan Magazine. The publication’s Best of the Eastern Shore selections showcase readers’ choices for the finest businesses in the Delmarva region. This year marks the ninth consecutive year that readers of Metropolitan Magazine have voted Sharp Energy as Best Gas Company. “We are proud to be the trusted propane provider in nearly 40,000 Delmarva homes, and it’s an honor to be recognized again as Best Gas Company by the communities we serve,” said Andrew Hesson, vice president, propane [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) is a recipient of Better Business Bureau of Delaware’s (BBB) 2024 Torch Award for Ethics, which celebrates businesses that demonstrate an exceptional commitment to ethics and integrity within their industry. The award was presented Wednesday, May 15, at a ceremony in Wilmington, Delaware. "Receiving the Torch Award is a tremendous honor for us. It resonates deeply with our Company's values,” said Shane Breakie, vice president, sustainability and organic growth. “Integrity is not just a word at Chesapeake Utilities; it's our way of doing business. This recognition reaffirms our commitment to ethical practices, and [...]

Public Service Commission Votes to Approve Programs Benefitting Delaware Residents DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today the Delaware Public Service Commission voted to approve the Company’s establishment of a portfolio of natural gas energy efficiency programs for Delaware. Chesapeake Utilities will partner with the Delaware Sustainable Energy Utility to deliver the programs, which are the first natural gas efficiency programs to be offered in the state. Delaware residents will benefit from solutions to lower energy costs and live more sustainably. “Leading the first natural gas energy efficiency program in Delaware demonstrates our continuing commitment to [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced that Lucia Dempsey has joined the Company as head of investor relations, effective April 15. Dempsey will be responsible for communicating to the investment community Chesapeake Utilities’ strategy and commitment to being a leader in delivering energy that ensures a more sustainable future for our service territories. Dempsey will serve as a key contact with the financial community, helping communicate the Company’s unique value proposition, investment opportunities and sustainability initiatives. “Lucia joins Chesapeake Utilities following our 17th consecutive year of record earnings and on the heels of our transformative acquisition [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 9, 2024, at 8:30 a.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2024. The earnings press release will be issued on Wednesday, May 8, 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 [...]

DOVER, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) issued its 2023 Safety and Reliability Report today, providing updates on the related topics most important to the Company’s businesses, stakeholders and the communities we serve, including:• Progress toward safety targets• Employee and community engagement metrics, including first responder training• Implementation of new programs and initiatives driven by our risk management mindset• Reliability and resiliency efforts, including key infrastructure improvement projects• 2023 initiatives and accomplishments, including awards and success stories"Continuous improvement is a hallmark of the Chesapeake Utilities success story. With that in mind, we are excited to unveil our first in [...]

Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.59 per share on the Company’s common stock. The $0.59 per share dividend will be paid on April 5, 2024 to all shareholders of record at the close of business on March 15, 2024. With this dividend, Chesapeake will have paid dividends to its shareholders without interruption for 63 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 [...]

Second State-of the-Art Safety Training Center Underway DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it broke ground for its second safety training facility in DeBary, Florida, to serve its Florida subsidiaries Florida Public Utilities (FPU) and Florida City Gas (FCG). Florida’s Safety Town will serve as a resource for training employees who build, maintain and operate the Company’s energy infrastructure, as well as regional first responders. The facility will be modeled after Chesapeake Utilities’ Safety Town training facility in Dover, Delaware, which was completed in November 2020. Jeff Householder, president, CEO and chairman of the board, Chesapeake Utilities Corporation, explained the [...]

Dover, Delaware - Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Sharp Energy, has acquired the propane operating assets of J.T. Lee and Son’s in Cape Fear, North Carolina. Through this acquisition, Sharp Energy expands its customer base in North Carolina, including adding approximately 3,000 customers and distribution of approximately 800,000 gallons of propane annually. The transaction also includes a bulk plant with 60,000 gallons of propane storage, enabling the Company to realize efficiencies with additional storage capacity and overlapping delivery territories. “We are excited to welcome J.T. Lee and Son’s customers and employees into the Sharp Energy [...]

Transformative transaction more than doubles operations in high-growth Florida; expands regulated utility business mix and aligns with long-term earnings and dividend growth targets.Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) today announced the completion of the acquisition of Florida City Gas (FCG), which is now a wholly-owned subsidiary of the Company. This transaction represents an expansion of Chesapeake Utilities’ footprint in the dynamic and high-growth market of Florida, encompassing five of the top 10 most populous counties. By more than doubling Chesapeake Utilities' customer base and natural gas infrastructure in the state, the Company is positioned for substantial future growth.“We [...]

Dover, Delaware – The Company announced today that members of Management of Chesapeake Utilities Corporation (NYSE: CPK) will present and host one-on-one meetings with investors at the Sidoti December Virtual Investor Conference taking place on December 6-7, 2023. The presentation will begin at 1:00 pm ET on Wednesday, December 6, 2023 and can be accessed live here: Sidoti Virtual Investor Conference December 6, 2023. Chesapeake Utilities will also host virtual one-on-one meetings with investors on Wednesday, December 6th.  To register for the presentation or a one-on-one meeting, visit www.sidoti.com/events. Registration is free and you do not need to be a [...]