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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 |
| Operating 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 |
| Total Expenses | - | 537.80 | 509.40 | 555 | 672.90 |
| Operating Income | - | 142.90 | 161.20 | 232.20 | 257.10 |
| Total Operating Income As Reported | - | 142.90 | 150.80 | 228.20 | 255.90 |
| EBITDA | - | 228 | 229.60 | 311.70 | 373.10 |
| Normalized EBITDA | - | 228 | 240 | 315.70 | 374.30 |
| EBIT | - | 148 | 152.20 | 230.20 | 265.50 |
| Interest Expense | - | 24.40 | 36.90 | 68.40 | 72.50 |
| Net Interest Income | - | -24.40 | -36.90 | -68.40 | -72.50 |
| Other Non Operating Income Expenses | - | 5.10 | 1.40 | 2 | 9.60 |
| Other Income Expense | - | 5.10 | -9 | -2 | 8.40 |
| Interest Expense Non Operating | - | 24.40 | 36.90 | 68.40 | 72.50 |
| Net Non Operating Interest Income Expense | - | -24.40 | -36.90 | -68.40 | -72.50 |
| Pretax Income | - | 123.60 | 115.30 | 161.80 | 193 |
| Tax Provision | - | 33.80 | 28.10 | 43.20 | 52.70 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | -2.53 | -1.07 | -0.33 |
| Net Income Continuous Operations | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income From Continuing And Discontinued Operation | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income From Continuing Operation Net Minority Interest | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income Common Stockholders | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Net Income Including Noncontrolling Interests | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Normalized Income | - | 89.80 | 95.07 | 121.53 | 141.17 |
| Diluted NI Availto Com Stockholders | - | 89.80 | 87.20 | 118.60 | 140.30 |
| Basic Average Shares | - | 17.72 | 18.37 | 22.47 | 23.39 |
| Diluted Average Shares | - | 17.80 | 18.43 | 22.53 | 23.49 |
| Reconciled Depreciation | - | 80 | 77.40 | 81.50 | 107.60 |
| Reconciled Cost Of Revenue | - | 432.20 | 403.40 | 436.60 | 528.80 |
| Total Unusual Items | - | 0 | -10.40 | -4 | -1.20 |
| Total Unusual Items Excluding Goodwill | - | 0 | -10.40 | -4 | -1.20 |
| Net Income Discontinuous Operations | 0 | 0 | - | - | - |
| Special Income Charges | - | 0 | -10.40 | -4 | -1.20 |
| Restructuring And Mergern Acquisition | - | 0 | 10.40 | 4 | 1.20 |
| Depreciation Amortization Depletion Income Statement | - | 69 | 65.50 | 65.70 | 91.70 |
| Depreciation And Amortization In Income Statement | - | 69 | 65.50 | 65.70 | 91.70 |
| Total Other Finance Cost | 20.14 | 24.36 | - | - | - |
| Other Taxes | - | 25.60 | 28.60 | 36.90 | 36.50 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Chesapeake Utilities Corporationthis co. | CPK | $2.9B | 20.75 | 1.82 | 8.8% | 12.16 |
| MDU Resources Group, Inc. | MDU | $4.4B | 23.22 | 1.59 | 6.9% | 13.45 |
| Avista Corporation | AVA | $3.4B | 17.82 | 1.27 | 7.1% | 10.25 |
| American States Water Company | AWR | $3.0B | 23.22 | 2.89 | 12.4% | 14.84 |
| MGE Energy, Inc. | MGEE | $2.8B |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| 20.52 |
| 2.14 |
| 10.4% |
| 12.11 |
| California Water Service Group | CWT | $2.7B | 21.12 | 1.60 | 7.6% | 11.83 |
| H2O America | HTO | $2.4B | 23.07 | 1.54 | 6.7% | 14.03 |
| Hawaiian Electric Industries, Inc. | HE | $2.3B | 18.37 | 1.44 | 7.9% | 8.28 |
| Northwest Natural Holding Company | NWN | $2.1B | 18.16 | 1.39 | 7.7% | 10.07 |
| Peer Median | - | 20.82 | 1.56 | 7.6% | 11.97 | |