Summary
Chesapeake Utilities Corporation operates as an energy delivery company. The company 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 and Florida; and regulated electric distribution in northeast and northwest Florida. The Unregulated Energy segment engages 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; and provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the eastern United States. This segment also provides other unregulated energy services, such as energy-related merchandise sales; heating, ventilation, and air conditioning services; and plumbing and electrical services. The company was founded in 1859 and is headquartered in Dover, Delaware.
History
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 in 1993.
The company began construction of the controversial Eastern Shore Pipeline on the Eastern Shore of Maryland in 2021.
Mission
Chesapeake's portfolio includes high-quality unconventional oil and natural gas assets in top U.S. onshore plays. Our value-driven strategy focuses on continuously generating capital efficiencies and operating with low, industry-leading production and G&A costs, along with a disciplined approach to liquidity. The safety of our employees, contractors, the public and the environment is our number one priority and reflects our commitment to conducting our business responsibly and living our core values. With innovative employees and advanced technical resources, we are creating a differential investment for our shareholders.
Vision
We envision a future in which we have created a sustainable energy future by leveraging thought leadership and innovation to bring energy solutions to our customers.
Key Team
Mr. Kevin J. Webber (Sr. VP & Chief Devel. Officer)
Mr. James F. Moriarty (Exec. VP, Gen. Counsel, Corp. Sec. and Chief Policy & Risk Officer)
Mr. Michael D. Galtman (Sr. VP & Chief Accounting Officer)
Mr. Vikrant A. Gadgil (VP & Chief Information Officer)
Mr. Alexander Whitelam (Head of Investor Relations)
Ms. Sydney Hawthorne Davis (Communications Mang.)
Ms. Danielle Mulligan (Assistant VP of Communications & Marketing)
Recognition and Awards
Chesapeake Utilities was named one of the Top Workplaces in Delaware in 2020 by The News Journal and has been named a Utility Leader by the prestigious industry publication Public Utilities Fortnightly for four consecutive years.
References
United States 