Uncategorized News

DOVER, DELAWARE (November 10, 2023) – Chesapeake Utilities Corporation (NYSE: CPK) today announced the pricing of an underwritten public offering of 3,859,649 shares of its common stock at an offering price of $85.50 per share. In connection with the offering, the underwriters have been granted a 30-day option to purchase up to 578,947 additional shares of the Company's common stock. The offering is expected to close on November 14, 2023, subject to the satisfaction of customary closing conditions. The net proceeds from the offering, after deducting underwriting discounts and commissions and before estimated offering expenses, are expected to be [...]

DOVER, DELAWARE  – Chesapeake Utilities Corporation (NYSE: CPK) today announced the commencement of an underwritten public offering of $330,000,000 of shares of its common stock. Chesapeake also intends to grant the underwriters of the offering a 30-day option to purchase up to $49,500,000 of additional shares of the Company's common stock. The net proceeds from the offering will be used to fund, in part, the acquisition of Florida City Gas, which is expected to close in the fourth quarter of 2023, and to pay related fees and expenses. Barclays Capital Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC [...]

Earnings per share ("EPS")* for the third quarter of 2023 was $0.53 compared to $0.54 per share for the third quarter of 2022 Adjusted EPS** for the third quarter of 2023, which excludes transaction-related expenses attributable to the announced acquisition of Florida City Gas ("FCG"), increased by 28 percent to $0.69 compared to $0.54 per share for the third quarter of 2022 Year-to-date EPS was $3.47 compared to $3.58 per share in the prior year. Adjusted EPS, excluding transaction-related expenses, for the nine months ended September 30, 2023 was $3.63 Historically warmer temperatures significantly impacted customer consumption during the first half [...]

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 January 5, 2024 to all shareholders of record at the close of business on December 15, 2023. 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 [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) continues to advance the lower-carbon economy transition as an industry anchor partner with the Mid-Atlantic Clean Hydrogen Hub (MACH2TM). The Department of Energy (DOE) announced on Oct. 13 that the MACH2TM was one of seven regional hydrogen hubs selected to receive an allocated share of the $7 billion in Bipartisan Infrastructure Law funding to accelerate the market for hydrogen in the United States. “Chesapeake Utilities is an essential partner of the Mid-Atlantic Clean Hydrogen Hub,” said Collin O'Mara, board chair of the MACH2TM. “We look forward to working collaboratively with our partners [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that its subsidiary, Eastern Shore Natural Gas Company (ESNG), plans to invest $80 million in the Worcester Resiliency Upgrade project, a planned liquefied natural gas storage facility in Bishopville, Maryland. The proposed peaking storage facility will include five low-profile 100,000-gallon horizontal storage tanks on a 135-acre parcel adjacent to an existing industrial facility in Worcester County. The project also includes additional infrastructure in Sussex County, Delaware, and Wicomico County, Maryland, as well as upgrades to existing meter and regulator stations in Sussex County, Delaware; Worcester County, Maryland; and Somerset County, [...]

DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, November 3, 2023, at 8:30 a.m. ET to discuss the Company’s financial results for the third quarter ended September 30, 2023. The earnings press release will be issued on Thursday, November 2, 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 following dial-in information below. [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has announced its designation as a 2023 Champion of Board Diversity by The Forum of Executive Women, joining other companies such as Campbell Soup Company, DuPont de Nemours, Rite Aid and WSFS Financial. In collaboration with PwC, the Forum reviews companies in the Philadelphia region that support the advancement of women leaders in corporate boardrooms and executive suites. Each year, The Forum of Executive Women honors the top public companies in the region with 30% or more women on their respective boards."We are honored that Chesapeake Utilities Corporation has been acknowledged as [...]

Dover, Delaware – Chesapeake Utilities Corporation (NYSE: CPK) has officially filed for approval of an innovative energy efficiency program aimed at reducing carbon emissions and fostering sustainability in the state of Delaware. The application was submitted to the Delaware Public Service Commission (PSC) in September, marking a significant milestone in the Company's ongoing commitment to environmental sustainability. Upon receiving approval from the Delaware PSC, Chesapeake Utilities anticipates implementing the program in the first half of 2024. This endeavor represents the first-of-its-kind initiative focused on natural gas in the state of Delaware and underscores the Company's dedication to reducing emissions [...]

DOVER, Del. - Chesapeake Utilities Corporation (NYSE: CPK) announced today that it was recognized with four MerComm ARC International Awards for its 2022 Sustainability Report. The ARC International Awards competition is the world's largest independent international contest honoring excellence in reports. The awards are listed here: Award Category Class     Gold Chairman’s Letter/Presentation: Sustainability Report Americas and Europe     Gold Design/Graphics: Sustainability Report Americas and Europe     Honors Writing: Sustainability Report Americas and Europe     Honors PDF Version: Sustainability Report Americas and Europe               The complete list of winners is posted [...]

Dover, Delaware – On September 12, 2023, Management from Chesapeake Utilities Corporation (NYSE:CPK) (the “Company”) will participate in the New York Stock Exchange’s (“NYSE”) Energy & Utilities Virtual Investor Access Day. The Company will virtually join members of investment firms, including existing and prospective investors, in a series of one-on-one meetings as scheduled through the NYSE. A copy of the presentation materials will be made available prior to the conference in the “Investors” section of the Company’s website, sub-section “Events and Presentations – Other Events” (www.chpk.com). About Chesapeake Utilities Corporation: Chesapeake Utilities Corporation is a diversified energy delivery company, listed [...]

Yulee, Fla. – Florida Public Utilities (FPU) and Sharp Energy, subsidiaries of Chesapeake Utilities Corporation, are actively monitoring and preparing for Hurricane Idalia, which is expected to impact the companies’ service territories. Both companies are adjusting Company staffing and preparing electric, natural gas and propane personnel in Florida and in our service areas outside of Florida to respond to any potential service interruptions that may result from heavy rain and high wind gusts from the storm. Emergency response and plans have been activated to ensure a safe and efficient restoration of services, should that be necessary. The restoration priority plan calls for [...]

Customers urged to proactively prepare for the storm Yulee, Fla. – Florida Public Utilities Company (FPU) and Sharp Energy are monitoring the current projections of Tropical Storm Idalia and preparing to respond as safely and quickly as possible in the event the storm impacts the Company’s service area. The Company is adjusting staffing and preparing electric, natural gas and propane personnel in Florida and in our other service areas outside of Florida to respond to any potential service interruptions that may result from heavy rain and high wind gusts from the storm. Just as FPU and Sharp Energy prepare, [...]

DOVER, Del. - Chesapeake Utilities Corporation is committed to promoting safe digging practices year-round, and National 8-1-1 Day serves as a valuable reminder of the importance of taking proactive steps to prevent damage to essential infrastructure. By following these guidelines before beginning any outdoor digging project, individuals contribute to the preservation of vital utilities, protection of the environment and the safety of their communities. Safe Digging Guidelines Contact 8-1-1: Before beginning any digging project, whether it's planting a tree, installing a fence or any other outdoor activity that involves excavation, call 8-1-1 or visit call811.com for an online request in [...]