CPK

Chesapeake Utilities Corporation is a diversified energy delivery company providing natural gas, propane, electricity, and related services to customers in the Mid-Atlantic and Florida regions. The company operates through Regulated Energy (natural gas and electric distribution to regulated customers) and Unregulated Energy (propane distribution, natural gas marketing, mobile compressed natural gas) segments. Chesapeake Utilities distributes natural gas in Delaware, Maryland, and Florida, electricity in Florida, and propane across the East Coast and Florida. The company also provides natural gas transmission, energy-related services, and renewable natural gas solutions. Founded in 1859 and headquartered in Dover, Delaware, Chesapeake Utilities has grown through organic expansion and strategic acquisitions. The company benefits from regulated utility cash flows, growth in Florida markets, diversified energy services, and constructive regulatory environments. Chesapeake Utilities faces challenges from energy transition, infrastructure investment requirements, weather sensitivity, and regulatory proceedings. The company maintains a track record of dividend growth attractive to income investors. Chesapeake Utilities continues to invest in pipeline expansions, renewable natural gas, and infrastructure to serve growing customer bases.