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Chesapeake Utilities Corporation operates as an energy delivery company in the United States. It operates through two segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida. Its Unregulated Energy segment is involved in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the United States; and sustainable energy investments. This segment also engages in the provision of other unregulated energy services, such as energy-related merchandise sale and heating, ventilation and air conditioning, and plumbing and electrical services. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $930M | $373M | $140M | $-215M | 8.8% | 18.1% | 18.3% |
| 2024 | $787M | $312M | $119M | $-116M | 8.5% | 17.4% | 36.0% |
| 2023 | $671M | $230M | $87M | $15M | 7.0% | -1.5% | -2.9% |
| 2022 | $681M | $228M | $90M | $31M | 10.8% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 680.70 | 670.60 | 787.20 | 930 |
| Cost Of Revenue | - | 443.20 | 415.30 | 452.40 | 544.70 |
| Gross Profit | - | 237.50 | 255.30 | 334.80 | 385.30 |
| Operating Expense | - | 94.60 | 94.10 | 102.60 | 128.20 |
| Operating Income | - | 142.90 | 161.20 | 232.20 | 257.10 |
| EBITDA | - | 228 | 229.60 | 311.70 | 373.10 |
| EBIT | - | 148 | 152.20 | 230.20 | 265.50 |
| Pretax Income | - | 123.60 | 115.30 | 161.80 | 193 |
| Tax Provision | - | 33.80 | 28.10 | 43.20 | 52.70 |
| Net Income | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income Common Stockholders | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Total Expenses | - | 537.80 | 509.40 | 555 | 672.90 |
| Interest Expense | - | 24.40 | 36.90 | 68.40 | 72.50 |
| Normalized EBITDA | - | 228 | 240 | 315.70 | 374.30 |
| Normalized Income | - | 89.80 | 95.07 | 121.53 | 141.17 |
| Market Cap | 3,061.99 | 3,061.99 | 3,061.99 | 3,061.99 | 3,061.99 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Chesapeake Utilities Corporationthis co. | CPK | $3.0B | 21.82 | 1.92 | 8.8% | 12.56 |
| Clearway Energy, Inc. | CWEN-A | $4.7B | 28.29 | 2.49 | 8.8% | 12.91 |
| Clearway Energy, Inc. | CWEN | $4.7B | 28.32 | 2.49 | 8.8% | 12.91 |
| MDU Resources Group, Inc. | MDU | $4.5B | 23.43 | 1.61 | 6.9% | 13.53 |
| Avista Corporation | AVA | $3.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 17.59 |
| 1.25 |
| 7.1% |
| 10.19 |
| MGE Energy, Inc. | MGEE | $2.9B | 21.69 | 2.26 | 10.4% | 12.63 |
| California Water Service Group | CWT | $2.8B | 21.65 | 1.64 | 7.6% | 12.02 |
| Hawaiian Electric Industries, Inc. | HE | $2.7B | 20.86 | 1.64 | 7.9% | 8.82 |
| Northwest Natural Holding Company | NWN | $2.2B | 19.81 | 1.52 | 7.7% | 10.48 |
| Peer Median | - | 21.67 | 1.64 | 7.8% | 12.33 | |