CHESAPEAKE UTILITIES CORP

Listed Company

CPKCIK 0000019745NYSELarge AcceleratedNatural Gas Transmisison & DistributionDelawareFY ends Dec 31

Period

FY 2025

Revenue

$930.00M

Net Income

$140.30M

Total Assets

$3.99B

Equity

$1.60B

Shares Out

23.94M

Op. Cash Flow

$233.70M

Business

CHESAPEAKE UTILITIES CORP is an energy delivery company that distributes natural gas, electricity and propane, transmits natural gas, generates electricity and steam, and provides mobile compressed natural gas and other energy-related services. It offers regulated and unregulated products and services including natural gas and electric distribution, interstate and intrastate gas transmission, propane sales and delivery, compressed natural gas and virtual pipeline solutions, CHP generation, and renewable natural gas projects. Operations are organized into two reportable segments: Regulated Energy and Unregulated Energy. The company primarily serves Mid‑Atlantic states, Florida and select markets nationwide through utility distribution systems, pipelines, wholesale contracts and mobile service fleets.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Regulated Energy	688	583	474	429	384
Unregulated Energy	272	228	223	281	207
Other	−30	−25	−26	−30	−21
Total operating revenues	930	787	671	681	570
Natural gas and electricity costs	194	144	140	127	101
Propane and natural gas costs	98	76	77	133	86
Operations	229	210	178	165	148
Maintenance	24	23	20	18	17
Depreciation and amortization	92	66	66	69	63
Other taxes	37	37	29	26	24
Total operating expenses	674	559	520	538	439
Operating Income	256	228	151	143	131
Other income, net	10	2	1	5	2
Interest charges	73	68	37	24	20
Income Before Income Taxes	193	162	115	124	113
Income taxes	53	43	28	34	29
Net Income (Loss) Attributable to Parent	140	119	87	90	83
Basic (in shares)	23	22	18	18	18
Diluted (in shares)	23	23	18	18	18
Income (Loss) from Continuing Operations, Per Basic Share	6	5.28	4.75	5.07	4.75
Basic (in usd per share)	6	5.28	4.75	5.07	4.75
Income (Loss) from Continuing Operations, Per Diluted Share	5.97	5.26	4.73	5.04	4.73
Diluted (in usd per share)	5.97	5.26	4.73	5.04	4.73
Transaction-related expenses	1	4	10	0	0

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Regulated Energy	2,942	2,662	2,419	1,803	1,720
Unregulated Energy	492	464	411	393	357
Other businesses	38	30	30	30	35
Total property, plant and equipment	3,472	3,155	2,860	2,226	2,113
Accumulated depreciation	638	568	516	463	417
Construction Work in Progress	284	148	113	47	49
Net property, plant and equipment	3,118	2,736	2,456	1,810	1,745
Cash and cash equivalents	2	8	5	6	5
Accounts Receivable, before Allowance for Credit Loss, Current	107	80	75	66	62
Allowance for uncollectible accounts	5	3	3	3	3
Trade and other receivables, net	102	77	72	63	58
Accrued Revenue	50	38	33	29	23
Propane inventory, at average cost	9	9	9	9	12
Other inventory, at average cost	18	18	20	17	9
Regulatory assets	30	24	20	41	20
Storage gas prepayments	5	4	5	6	4
Income taxes receivable	0	7	4	3	17
Prepaid expenses	20	17	15	16	17
Derivative assets, at fair value	0	600,000	1	3	4
Other current assets	3	3	3	428,000	1
Total current assets	237	204	186	194	170
Goodwill	508	508	508	46	45
Other intangible assets, net	13	15	17	18	13
Investments, Fair Value Disclosure	17	14	12	11	12
Operating Lease, Right-of-Use Asset	10	11	12	14	10
Regulatory assets	74	77	96	108	104
Receivables and other deferred charges	17	12	16	12	13
Total deferred charges and other assets	639	637	663	211	200
Total Assets	3,995	3,577	3,305	2,215	2,115
Preferred stock, par value $0.01 per share (authorized 2,000,000 shares), no shares issued and outstanding	0	0	0	0	0
Common stock, par value $0.4867 per share (authorized 75,000,000 shares)	12	11	11	9	9
Additional paid-in capital	963	831	749	380	371
Retained earnings	627	550	489	446	393
Accumulated other comprehensive loss	−3	−2	−3	−1	1
Deferred compensation obligation	13	10	9	7	7
Treasury Stock, Value	−13	−10	−9	−7	−7
Total stockholders equity	1,599	1,390	1,246	833	774
Long-term debt, net of current maturities	1,327	1,262	1,187	578	550
Total capitalization	2,926	2,652	2,433	1,411	1,324
Current portion of long-term debt	135	26	19	21	18
Short-term borrowing	158	197	180	202	222
Accounts payable	115	78	78	61	53
Customer deposits and refunds	45	46	46	37	36
Accrued interest	9	5	7	3	3
Dividends payable	16	15	13	9	8
Accrued compensation	22	24	17	15	16
Regulatory liabilities	15	16	14	5	2
Derivative liabilities, at fair value	800,000	0	400,000	600,000	700,000
Other accrued liabilities	15	14	13	14	18
Total current liabilities	530	419	386	369	376
Deferred income taxes	313	296	259	256	234
Regulatory liabilities	188	184	195	143	142
Environmental liabilities	3	2	3	3	4
Other pension and benefit costs	14	13	15	17	24
Operating Lease, Liability, Noncurrent	8	9	11	12	9
Deferred investment tax credits and other liabilities	13	1	1	1	2
Total deferred credits and other liabilities	539	506	485	435	414
Commitments and Contingencies	—	—	—	—	—
Total Capitalization and Liabilities	3,995	3,577	3,305	2,215	2,115
Energy Marketing Contracts Assets, Noncurrent	0	100,000	0	982,000	3
Energy Marketing Contract Liabilities, Noncurrent	600,000	100,000	900,000	2	39,000

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	92	66	66	69	63
Depreciation and accretion included in operations expenses	16	16	12	11	10
Deferred income taxes and investment tax credits	29	36	3	24	27
Realized gains on sale of assets/commodity contracts	−11	−4	−800,000	−8	−9
Unrealized gains on investments/commodity contracts	−2	−2	−2	2	−1
Employee benefits and compensation	0	0	300,000	−1	−53,000
Share-based compensation	9	8	8	6	6
Accounts receivable and accrued revenue	−37	−10	2	−11	−2
Propane inventory, storage gas and other inventory	−600,000	3	300,000	−8	−10
Regulatory assets/liabilities, net	−18	200,000	20	−39	−18
Prepaid expenses and other current assets	−1	400,000	19	9	−2
Accounts payable and other accrued liabilities	13	400,000	−17	3	8
Income taxes receivable/payable	8	−3	−1	15	−5
Customer deposits and refunds	−600,000	−700,000	4	700,000	3
Accrued compensation	−3	7	2	−1	1
Other assets and liabilities, net	−4	6	−2	−3	−5
Net cash provided by operating activities	234	239	204	159	151
Property, plant and equipment expenditures	−449	−355	−189	−128	−187
Proceeds from sale of assets	13	5	3	4	1
Acquisitions, net of cash acquired	0	600,000	−925	−12	−36
Environmental expenditures	0	−400,000	−700,000	−300,000	−761,000
Net cash used in investing activities	−436	−350	−1,111	−137	−223
Common stock dividends	−61	−54	−40	−35	−32
Payment, Tax Withholding, Share-based Payment Arrangement	−1	−2	−3	−3	−1
Change in cash overdrafts due to outstanding checks	400,000	2	−300,000	1	−1
Net borrowings (repayments) under line of credit agreements	−39	14	−23	−21	47
Proceeds from issuance of long-term debt	199	100	627	50	59
Repayment of long-term debt and finance lease obligation	−26	−19	−22	−18	−14
Net cash provided by financing activities	196	114	907	−21	74
Net (Decrease) Increase in Cash and Cash Equivalents	−6	3	−1	1	1
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity, Other Item	700,000	−200,000	200,000	0	0
Increase (Decrease) in Interest Payable, Net	4	−2	4	0	—
Proceeds from Issuance or Sale of Equity	123	73	366	5	—

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro