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CHESAPEAKE UTILITIES CORPORATION REPORTS SECOND QUARTER 2020 RESULTS

Earnings per share ("EPS")* was $0.66 for the second quarter of 2020 compared to $0.50 for the second quarter of 2019 Year-to-date EPS increased to $2.42 from $2.25, for the prior year period Second quarter and year-to-date EPS from continuing operations was $0.64 and $2.41, respectively, compared to $0.54 and $2.30, respectively, for the corresponding periods in 2019 Strong performance for the first half of 2020 driven by continued growth in the Company's businesses, the addition of the Boulden acquisition, [...]

2020-08-05T00:00:00-04:00

Chesapeake Utilities Corporation Partners with CleanBay Renewables to Increase Sustainable Energy in the Delmarva Community

Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) today announced a new partnership with CleanBay Renewables Inc. (CleanBay), an enviro-tech company focused on the production of sustainable renewable natural gas, which will generate greenhouse gas credits associated with vehicular usage, and provide Chesapeake Utilities the opportunity to bring additional renewable natural gas to its Delmarva operations. Under the arrangement, Chesapeake Utilities Corporation will transport the renewable natural gas produced at CleanBay’s planned Westover, Maryland bio-refinery, to Chesapeake Utilities’ natural gas [...]

2020-07-07T00:00:00-04:00

Chesapeake Utilities Corporation Announces Next Steps in its Sustainable Renewable Natural Gas Strategy

Dover, Delaware — Chesapeake Utilities Corporation (CPK), a NYSE-listed diversified energy delivery company, announced today that the Company is progressing on multiple opportunities that will advance its Renewable Natural Gas (RNG) strategy. The first such opportunity represents a partnership between Chesapeake Utilities and Bioenergy DevCo (BDC), a leading global developer of anaerobic digestion facilities that create renewable energy and healthy soil products from organic material. The joint project involves removing excess organics from poultry waste and converting it into RNG. [...]

2020-06-18T00:00:00-04:00

Bioenergy Devco and Chesapeake Utilities Corporation Partner To Bring Renewable Natural Gas to Customers on the Delmarva Peninsula

Program uses excess poultry organics to create sustainable, carbon-negative energy source to augment utility portfolios COLUMBIA, MD – JUNE 4, 2020 – Bioenergy DevCo (BDC), a leading global developer of anaerobic digestion facilities that create renewable energy and healthy soil products from organic material, announced today that it has entered into an agreement with Chesapeake Utilities Corporation (CPK), a NYSE-listed diversified energy company, on a project to remove excess organics from the poultry industry and convert it into renewable natural [...]

2020-06-04T00:00:00-04:00

Chesapeake Utilities Corporation Announces New Officer Appointments

Danielle Mulligan DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK), announced today the appointment of Danielle Mulligan to Assistant Vice President of Communications and Marketing for Chesapeake Utilities Corporation and Kevin McCrackin to Assistant Vice President of Business Development for Chesapeake Utilities Corporation and Vice President of Marlin Gas Services. Ms. Mulligan is responsible for overseeing the Company’s communications campaigns to drive internal and external transparency, shape public and energy industry discussions and develop and enhance the Company’s [...]

2022-05-02T17:04:08-04:00

CHESAPEAKE UTILITIES CORPORATION REPORTS RECORD RESULTS FOR FISCAL YEAR 2019 AND UPDATES EARNINGS GUIDANCE

GAAP earnings per share ("EPS")* reached $3.96 for 2019 2019 EPS from continuing operations was a record $3.72, an increase of $0.25 or 7.2 percent over 2018 Natural gas expansion projects, customer growth and conversions generated $18.3 million in additional gross margin** in 2019 Unregulated Energy acquisitions added $6.8 million in incremental gross margin in 2019 Boulden and Elkton Gas acquisitions along with pipeline expansion projects, expected to further enhance growth going forward Successfully exited the natural gas marketing business [...]

2020-02-26T00:00:00-05:00

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.

2019-11-07T00:00:00-05:00

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 [...]

2019-08-08T00:00:00-04:00

CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2019 RESULTS

Chesapeake Utilities delivers strong financial and operational results in the first quarter GAAP net income increased by 6.7 percent to $28.7 million or $1.74 per share* compared to $1.64 per share for the first quarter of 2018 Adjusted (Non-GAAP)** earnings increased to $1.68 per share from $1.40 per share, representing 20.0 percent growth Gross margin** increased $10.1 million, or 11.1 percent Recently constructed pipeline projects contributed $4.3 million in gross margin and are expected to generate $24.0 million in gross [...]

2019-05-08T00:00:00-04:00

Chesapeake Utilities Corporation Announces Executive Appointments

DOVER, DE – Chesapeake Utilities Corporation (NYSE: CPK) announced today several recent promotions and new officer appointments. “Our Company’s strong foundation for growth is directly attributable to the hard work and dedication of our employees,” said Jeff Householder, President and Chief Executive Officer of Chesapeake Utilities Corporation. “These promotions better position the Company for future growth and these leaders have demonstrated a constant commitment to serve our employees, customers, communities and other external stakeholders.” Beth W. Cooper has been promoted [...]

2019-03-05T00:00:00-05:00

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