Chesapeake Utilities

Chesapeake Utilities Corporation is a diversified energy delivery company headquartered in Dover, Delaware. Established in 1947, the company operates primarily in the Mid-Atlantic, Southeast, and Midwest regions of the United States. It provides a comprehensive range of energy services to residential, commercial, and industrial customers.

Natural Gas Distribution and Transmission

Chesapeake Utilities distributes natural gas to over 110,000 customers across Delaware and Maryland, maintaining more than 2,100 miles of distribution mains. The company is actively expanding its system into eastern Sussex County in Delaware and Cecil and Somerset Counties in Maryland.

In addition to distribution, it operates natural gas transmission services for large industrial, power generation, and distribution customers in Delaware, Florida, Maryland, and Ohio.

Electric Distribution

Chesapeake Utilities provides electric distribution services serving customers in northeast and northwest Florida. While it does not compete directly with other electricity distributors for residential and commercial customers, it competes with other electricity suppliers and alternative fuel providers for industrial customers.

Propane Distribution

Through its subsidiary Sharp Energy, Chesapeake Utilities distributes propane to nearly 40,000 customers in Delaware, eastern Pennsylvania, Maryland, and Virginia. Sharp Energy also operates over 30 propane fueling stations throughout the Delmarva Peninsula, fueling more than 600 vehicles.

Renewable Energy Initiatives

The company is committed to investing in innovative energy solutions to reduce its carbon footprint. Initiatives include blending hydrogen with natural gas at its Eight Flags Energy Combined Heat and Power plant in Florida.

It also expands renewable natural gas (RNG) offerings through partnerships with companies such as CleanBay Renewables Inc.

Recent Developments

In December 2023, Chesapeake Utilities completed the acquisition of Florida City Gas, significantly expanding its operations in Florida and doubling its customer base and natural gas infrastructure in the state.

Community Engagement

The company is dedicated to community involvement, with employees volunteering annually at charitable organizations across Delaware and Maryland. It opened a Safety Town training facility in DeBary, Florida, providing hands-on and classroom training for its Florida operations teams.

Financial Information

Chesapeake Utilities Corporation is publicly traded on the New York Stock Exchange under the ticker symbol CPK. As of July 17, 2025, the stock price is $121.54 USD, with an annualized dividend rate of $2.74.

Locations

The company's corporate headquarters is located at 500 Energy Lane, Dover, Delaware 19901. Chesapeake Utilities operates in multiple locations including Delaware, Maryland, Florida, Ohio, and has a notable presence in Miami, FL, USA.

• Dover, Delaware (Headquarters)
• Delaware (other locations)
• Maryland
• Florida
• Ohio
• Miami, FL, USA