Uncategorized News
Chesapeake Utilities Corporation Names Scholarship Recipients
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announces the recipients of its 2023 Aspiring Scholars awards. Since 2006, the scholarship program has supported graduating high school seniors who are the children of Chesapeake Utilities Corporation employees. One-year scholarships are awarded to recipients to apply toward their studies at an accredited college or university, or postsecondary education trade or technical school. Awards are based on each applicant’s academic record, extracurricular accomplishments, leadership qualities and community engagement. “Chesapeake Utilities Corporation is proud to support these students as they pursue continuing education opportunities,” said Jeff Householder, president and CEO. “Our people are our [...]
CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2023 RESULTS
Earnings per share ("EPS")* for the second quarter of 2023 was $0.90 compared to $0.96 per share for the second quarter of 2022 which included a non-recurring gain of $0.08 per share; Operating income for the quarter grew 1 percent from the prior year quarter to $28.3 million Year-to-date EPS was $2.94 compared to $3.04 per share in the prior year Customer consumption was significantly impacted by historically warmer temperatures during the quarter and the six months ended June 30, 2023, lowering EPS by approximately $0.09 and $0.38 per share, respectively Adjusted gross margin growth of $7.4 million was driven [...]
Chesapeake Utilities Corporation Subsidiaries Earn American Gas Association Safety Awards
DOVER, Del. – Florida Public Utilities Company, Eastern Shore Natural Gas Company and Aspire Energy of Ohio, subsidiaries of Chesapeake Utilities Corporation (NYSE:CPK), were recognized by the American Gas Association (AGA) as top safety performers in 2022. The awards were presented at the 2023 AGA Operations Conference, which is the natural gas industry’s premier gathering of natural gas utility and transmission company operations management from across North America. Florida Public Utilities Company and Eastern Shore Natural Gas Company earned the AGA Safety Achievement Award, which is given to companies that demonstrate outstanding commitment to employee and vehicular safety. Aspire Energy of Ohio [...]
Chesapeake Utilities Corporation to Host Live Webcast During 2023 AGA Financial Forum
Dover, Delaware – The Company announced today that Jeff Householder, Chairman of the Board, president and CEO, Beth Cooper, executive vice president, CFO, treasurer and assistant corporate secretary and Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer of Chesapeake Utilities Corporation (NYSE: CPK) will be hosting a live webcast at 12:50 pm EST (Eastern Standard Time) on Sunday, May 21st during the 2023 AGA Financial Forum. Webcast participants will learn about the Company’s earnings track record, the projects the Company currently has underway and other strategic initiatives which position the Company for future [...]
Chesapeake Utilities Corporation Completes Construction of New Infrastructure to Meet Growing Energy Demand in Vero Beach, Florida
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that its subsidiary, Peninsula Pipeline Company Inc. (PPC), has completed an 11.3-mile expansion that will bring additional natural gas capacity to the Vero Beach, Florida, area. PPC partnered with another third-party utility, Florida City Gas (FCG), on the project. The project, which cost approximately $10.5 million, interconnects with existing PPC infrastructure in Sebastian and extends to Vero Beach. The new facilities will transport natural gas to five new delivery points, extending service to the communities of Wabasso, Wabasso Beach, Indian River Shores, North Hutchison Island and Harbor Isles. The [...]
Chesapeake Utilities Corporation Named to Top Workplaces USA for Third Consecutive Year
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced that it is a 2023 Top Workplaces USA award recipient for mid-sized companies for the third consecutive year. “Being named a Top Workplace for the third consecutive year confirms what we at Chesapeake Utilities Corporation already know,” said Jeff Householder, president and CEO. “Our employees are engaged and focused on delivering service to customers in a way that improves communities and grows our business. We strive to make this a great place to work, a place where every employee can contribute ideas and efforts are rewarded.” “We are thrilled to again receive the [...]
Chesapeake Utilities Corporation Receives Approval to Expand Natural Gas Infrastructure in Nassau County, Florida
Project Supports Continued Expansion of Wildlight Development DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that it received approval from the Florida Public Service Commission to provide natural gas service to approximately 4,000 new residences and businesses in the Nassau County, Florida, Wildlight development. Florida Public Utilities (FPU), a Chesapeake Utilities subsidiary, already serves approximately 1,500 residences and commercial buildings in the 24,000-square-acre development where construction commenced in 2017. Upon its projected completion over a 10-year period, the Wildlight development will include approximately 22,000 residential units and numerous commercial businesses. “Growth in Florida continues to be strong, significantly outpacing the national [...]
Chesapeake Utilities Corporation Team Earns Legal, Corporate Governance Accolades
Jim Moriarty named Top Attorney; Stacie Roberts named Top Woman in Business DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) announced today that Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer, was selected as one of Attorney Intel’s Top 50 Attorneys of Washington, D.C., and Stacie Roberts, vice president, corporate governance, is among this year’s Top Women in Business, the Delaware Today’s list of the 33 most empowering women doing business in Delaware. The Top 50 Attorneys of Washington, D.C. list recognizes high-caliber lawyers who have positively contributed to their organizations, industries [...]
Chesapeake Utilities Corporation Names 2022 Aspiring Scholars
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) has announced the recipients of its 2022 Aspiring Scholars awards. The program supports graduating high school seniors who are the children of Chesapeake Utilities Corporation employees. Scholarship applicants must be accepted into a full-time degree or certificate program at an accredited college, university or technical school for the upcoming academic year. Awards are based on each applicant’s academic record, extracurricular accomplishments, student essays, leadership qualities, work experience, citizenship, community involvement and letters of recommendation. Selected scholarship recipients receive a $2,000 scholarship to apply toward their studies. 2022 Chesapeake Utilities Corporation Aspiring Scholars: Alex [...]
Chesapeake Utilities Corporation Announces Quarterly Dividend
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 October 5, 2022 to all shareholders of record at the close of business on September 15, 2022. Chesapeake has paid dividends to its shareholders without interruption for 61 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 New York Stock Exchange. [...]
Stephanie N. Gary and Sheree M. Petrone Appointed to Chesapeake Utilities Corporation Board of Directors
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) today announced that as part of the Board’s ongoing succession planning, Stephanie N. Gary and Sheree M. Petrone were appointed to serve as members of the Board of Directors of Chesapeake Utilities, effective July 22. Gary serves as vice president of finance at TidalHealth, a Maryland-based health system of hospitals and specialty offices. Petrone joins the Board with extensive energy industry experience, having served in executive positions at Dynegy Inc. and Exelon Corporation. “On behalf of the entire Board, we are pleased to welcome two accomplished leaders,” said John R. [...]
Aspire Energy and Eastern Shore Natural Gas Earn AGA Honor for Safety
DOVER, Del. – Aspire Energy and Eastern Shore Natural Gas Company, subsidiaries of Chesapeake Utilities Corporation, were recognized by the American Gas Association (AGA) as top safety performers in 2021. The AGA Safety Achievement Award is given to companies that demonstrate outstanding commitment to employee and vehicular safety. Jeffrey Sylvester, Chesapeake Utilities Corporation senior vice president and chief operating officer, commended the subsidiaries on the honors: “Our team members are personally invested in the safety of their co-workers, the general public and the assets they operate. These awards recognize our teams’ dedication to keeping people safe, and the training, attention to [...]
Chesapeake Utilities Corporation Announces Two New Assistant Vice President Roles
Andrena Burd will lead risk management Puru Buddha will lead enterprise applications DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) (Chesapeake Utilities) announced today that Andrena Burd has been promoted to assistant vice president to head the Company’s risk management department, and Puru Buddha has been promoted to assistant vice president of enterprise applications. Burd will oversee a dedicated enterprise risk management (ERM) team and coordinate with other organizational functions to enhance the risk management culture across the Company. She will report to Jim Moriarty, executive vice president, general counsel, corporate secretary and chief policy and risk officer. “In [...]
Chesapeake Utilities Corporation Raises Dividend by 11.5 Percent
Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company’s common stock from $0.48 per share to $0.535 per share. The Board’s action raises the 2022 annualized dividend by $0.22 from $1.92 to $2.14 per share, an 11.5 percent increase. The $0.535 per share dividend will be payable July 5, 2022 to all shareholders of record at the close of business on June 15, 2022. “Despite the lingering global pandemic and market challenges throughout 2021, our teams executed exceptionally well and delivered [...]
Chesapeake Utilities Corporation Reports First Quarter 2022 Results
Earnings per share ("EPS")* was $2.08 for the first quarter of 2022, an increase of $0.12, or 6.1 percent, compared to $1.96 for the first quarter of 2021 Quarter-over-quarter growth driven primarily by the acquisition of Diversified Energy, pipeline expansions, natural gas organic growth, regulatory initiatives and higher earnings in the Company's unregulated businesses Continued investment in low carbon energy sources including the successful testing of blended hydrogen with natural gas power at the Company’s Combined Heat and Power (“CHP”) plant and completion of our first compressed natural gas (“CNG”) fueling station near the Port of Savannah, capable of distributing [...]
