CPK on NYSE

Chesapeake Utilities

Logo: Cpkjwp, CC BY-SA 4.0, via Wikimedia Commons4

American corporation

Chesapeake Utilities Corporation is an American corporation formed in 1947. Chesapeake Utilities Corporation is a diversified energy company engaged, through our operating divisions and subsidiaries, in various energy and other businesses.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

1859Founded1

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  • TickerCPK on NYSE1
  • IndustryNatural Gas Transmisison & Distribution1
  • HeadquartersDover1
  • Websitewww.chpk.com
  • Incorporated inDE5
  • Business address500 Energy Lane, Dover, De 199015
  • Filer categoryLarge accelerated filer5

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Chesapeake Utilities Corporation is an American corporation formed in 1947. Chesapeake Utilities Corporation is a diversified energy company engaged, through our operating divisions and subsidiaries, in various energy and other businesses. Headquartered in Delaware, Chesapeake Utilities Corporation operates primarily within the Middle-Atlantic, Southeast and Midwest regions, providing natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

27.5%Operating margin7
15.1%Net margin7
18.1%Revenue growth, 20257
8.8%Return on equity7
0.83×Debt to equity7
-$214.9MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Energy Transmission brought in 100% of the revenue Chesapeake Utilities broke down this way in fiscal 2025.

  1. Energy Transmission$191.6M7100%up 25% from 2024
  2. Other$200.0K70%up 0% from 2024
Products and services by year
Products and services202320242025
Energy Transmission$148.9M$152.9M$191.6M
Other$200.0K$200.0K$200.0K

Business segments

Regulated Energy brought in 72% of the revenue Chesapeake Utilities broke down this way in fiscal 2025.

  1. Regulated Energy$687.8M772%up 18% from 2024
  2. Unregulated Energy$271.9M728%up 19% from 2024
Business segments by year
Business segments202320242025
Regulated Energy$473.6M$583.4M$687.8M
Unregulated Energy$223.1M$228.4M$271.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs71¢$664.5M
  • Interest8¢$72.5M
  • Income tax6¢$52.7M
  • Profit15¢$140.3M

Out of $930.0M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending88¢$448.6M
  • Dividends paid12¢$60.7M

Out of $233.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.7

Financial statements

Revenue8910117$930.0M in 2025+94% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $479.6M$479.6M20192020: $488.2M$488.2M2020+2%2021: $570.0M$570.0M2021+17%2022: $680.7M$680.7M2022+19%2023: $670.6M$670.6M2023−1%2024: $787.2M$787.2M2024+17%2025: $930.0M$930.0M2025+18%
Operating income8910117$255.9M in 2025+141% since 2019
0$100.0M$200.0M$300.0M2019: $106.3M$106.3M20192020: $112.7M$112.7M2020+6%2021: $131.1M$131.1M2021+16%2022: $142.9M$142.9M2022+9%2023: $150.8M$150.8M2023+6%2024: $228.2M$228.2M2024+51%2025: $255.9M$255.9M2025+12%
Net income8910117$140.3M in 2025+115% since 2019
0$50.0M$100.0M$150.0M2019: $65.2M$65.2M20192020: $71.5M$71.5M2020+10%2021: $83.5M$83.5M2021+17%2022: $89.8M$89.8M2022+8%2023: $87.2M$87.2M2023−3%2024: $118.6M$118.6M2024+36%2025: $140.3M$140.3M2025+18%

Every line of the income statement in the latest annual report, as filed.7

Period ending2025-12-312024-12-312023-12-31
Regulated Energy$687.8M$583.4M$473.6M
Unregulated Energy$271.9M$228.4M$223.1M
Other-$29.7M-$24.6M-$26.1M
Total operating revenues$930.0M$787.2M$670.6M
Natural gas and electricity costs$193.8M$144.2M$140.0M
Propane and natural gas costs$97.7M$75.6M$76.5M
Operations$229.3M$210.1M$178.4M
Maintenance$23.9M$22.5M$20.4M
Depreciation and amortization$91.7M$65.7M$65.5M
Other taxes$36.5M$36.9M$28.6M
Total operating expenses$674.1M$559.0M$519.8M
Operating Income$255.9M$228.2M$150.8M
Other income, net$9.6M$2.0M$1.4M
Interest charges$72.5M$68.4M$36.9M
Income Before Income Taxes$193.0M$161.8M$115.3M
Income taxes$52.7M$43.2M$28.1M
Net Income (Loss) Attributable to Parent$140.3M$118.6M$87.2M
Basic (in shares)23.4M shares22.5M shares18.4M shares
Diluted (in shares)23.5M shares22.5M shares18.4M shares
Income (Loss) from Continuing Operations, Per Basic Share$6$5$5
Basic (in usd per share)$6.00$5.28$4.75
Income (Loss) from Continuing Operations, Per Diluted Share$6$5$5
Diluted (in usd per share)$5.97$5.26$4.73
Transaction-related expenses$1.2M$4.0M$10.4M

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The story

Chesapeake Utilities Corporation was incorporated in Delaware in 1947. Chesapeake Utilities Corporation is a diversified energy company engaged, directly or through operating divisions and subsidiaries, in regulated and unregulated energy businesses. The Company's common stock began trading on the NASDAQ Exchange in 1985 and on the New York Stock Exchange (currently traded as CPK) in 1993.

The company began construction of the controversial Eastern Shore Pipeline on the Eastern Shore of Maryland in 2021.

From Wikipedia’s article on Chesapeake Utilities, shared under CC BY-SA 4.0.6

Leadership

Who has led Chesapeake Utilities, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John R. Schimkaitis2003–2010
  2. Michael P. McMasters2011–2018
  3. Jeffry M. Householder2019–now

Chair

  1. Jeffry M. Householder2024

President

  1. John R. Schimkaitis2003–2009
  2. Stanley Robert Zola2005–2009
  3. Michael P. McMasters2010–2018
  4. Jeffry M. Householder2014–2019
  5. Kevin J. Webber2019

Chief financial officer

  1. Michael P. McMasters2003–2008
  2. Beth W. Cooper2008–now

Chief operating officer

  1. Paul M. Barbas2006
  2. Michael P. McMasters2009–2010
  3. Jeffery S. Sylvester2022–now
197019801990200020102020
Board members and other officers (34)

Products and brands

  • natural gas

Listed on Wikidata.1

Chesapeake Utilities Corporation operates directly or through operating divisions and subsidiaries throughout the diversified energy midstream and downstream supply chain.

Aspire Energy of Ohio operates more than 2,600 miles of pipeline systems in 40 counties throughout Ohio.

Chesapeake Utilities and Sandpiper Energy distribute natural gas to tens of thousands of residential, commercial and industrial customers in Delaware and Maryland. Additionally, Sandpiper Energy distributes propane and natural gas to customers in Worcester County, Maryland.

Eastern Shore Natural Gas owns and operates a 448-mile interstate pipeline that transports natural gas from various points in Pennsylvania to customers in Delaware, Maryland and Pennsylvania.

Read the full text

Florida Public Utilities (FPU) distributes natural gas to tens of thousands of residential and commercial customers in Florida. It also distributes electricity and propane to various regions in Florida.

Peninsula Energy Services Company (PESCO) provides natural gas supply and supply management services to customers in Florida and on the Delmarva Peninsula.

Peninsula Pipeline Company provides natural gas transportation services in Florida.

Sharp Energy distributes propane to nearly 40,000 customers in Delaware, eastern Pennsylvania, Maryland and Virginia. Sharp AutoGas fuels more than 600 vehicles through its more than 30 propane fueling stations throughout the Delmarva Peninsula.

From Wikipedia’s article on Chesapeake Utilities, shared under CC BY-SA 4.0.6

Timeline

  1. Feb 28, 2019New chief executive Jeffry M. Householder becomes CEO15
  2. Feb 11, 2011New chief executive Michael P. McMasters becomes CEO16
  3. Jul 9, 2003New chief executive John R. Schimkaitis becomes CEO17
  4. 1859Founded Founded1

Recent filings

  1. Oct 1, 2026424B5
  2. Oct 1, 20268-K
  3. Sep 29, 20268-K
  4. Sep 29, 2026S-3ASR
  5. Sep 1, 20268-K
  6. Aug 14, 2026S-8 POS
  7. Aug 6, 20268-K
  8. Aug 6, 202610-Q
  9. Jul 13, 20268-K
  10. Jul 8, 2026SCHEDULE 13G/A
  11. May 26, 20264
  12. May 21, 2026144
  13. May 21, 20264
  14. May 20, 2026144
  15. May 15, 20264/A

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

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