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Chesapeake Utilities (CPK) Company Profile

Updated Sep 9, 2019
Chesapeake Utilities has the following business profile:
Company's Full Name:Chesapeake Utilities Corporation
Short Name:Chesapeake Utilities
Trading Ticker Symbol:CPK
Primary Exchange:NYSE
Headquarter City/Country:Delaware, DE
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Oil and Gas Production
Main Business Areas: Public Utilities, Oil and Gas Production, Utilities, Gas Utilities
Dividend Payments:Dividend History

Market and Trading Information for Chesapeake Utilities

The following details were available for trading and market data about the stock of Chesapeake Utilities as of writing:
Current Share Price:$93.06
Previous Year's Closing Price:$81.3
Percentage Price Change (YTD):14.46%
Market Cap:$1.53 billion
52-week Price Range:$77.2 - $96.27
Dividend Per Share:$1.52
EPS (TTM):3.67
Price-Earnings (Trailing):25.35
Price-Earnings (Forward):23.44

Company Profile and Business Description for Chesapeake Utilities

Chesapeake Utilities Corporation (Chesapeake), incorporated on November 12, 1947, is an energy company. The Company, through its operating divisions and subsidiaries, is engaged in regulated and unregulated energy businesses. The Company provides natural gas distribution and transmission, natural gas supply, gathering and processing, electric distribution and propane distribution service. The Company operates through two segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment includes the Company's natural gas distribution, natural gas transmission and electric distribution operations. The Unregulated Energy segment includes its propane distribution, propane wholesale marketing, natural gas marketing and natural gas supply, gathering and processing services, which are unregulated as to their rates and services. Also included in the Unregulated Energy segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning plumbing and electrical services. The remainder of its operations is considered as Other businesses and eliminations, which consists of unregulated subsidiaries that own real estate leased to Chesapeake Utilities, as well as certain corporate costs not allocated to other operations.

Regulated Energy

The Company's Regulated Energy consists of natural gas distribution operations in Delaware, Maryland and Florida; electric distribution operation in Florida, and natural gas transmission operations on the Delmarva Peninsula and in Florida. Chesapeake's natural gas and electric distribution operations, which are local distribution utilities, generate revenues based on tariff rates approved by the public service commission (PSC) of each state. Eastern Shore Natural Gas Company (Eastern Shore), the Company's interstate natural gas transmission subsidiary, bills its customers based upon the Federal Energy Regulatory Commission (FERC)-approved tariff rates. Peninsula Pipeline Company, Inc. (Peninsula Pipeline), the Company's Florida intrastate pipeline subsidiary that is subject to regulation by the Florida PSC, has negotiated contracts with third-party customers and with certain affiliates.

Unregulated Energy

The Company's Unregulated Energy segment offers propane as a fuel source where natural gas is not readily available or providing natural gas marketing service to customers able to procure their own supplies. Chesapeake's propane distribution operations sell propane to residential, commercial/industrial and wholesale customers on the Delmarva Peninsula and in southeastern Pennsylvania through Sharp and Sharpgas, and in Florida through Florida Public Utilities Company (FPU) and Flo-gas. The Company provides natural gas supply and supply management services through Peninsula Energy Services Company, Inc. (PESCO) to over 3,000 customers in Florida, over 30 customers located on the Delmarva Peninsula and over five customers operating in other states. The gas that PESCO sells is delivered to retail customers through affiliated and non-affiliated local distribution company systems and transmission pipelines. FPU sells energy-related merchandise in Florida.

909 Silver Lake Blvd

Peer / Competitor Companies of Oil and Gas Production Sector

Along with Chesapeake Utilities Corporation, the following other peer (competitor) companies also exist within the same Oil and Gas Production - Public Utilities sector whose company profile and dividend history is as follows:

▶ Abraxas Petroleum (AXAS): Abraxas Petroleum Corporation, incorporated on August 31, 1990, is an independent energy company. The Company is engaged in the acquisition, exploration, development and production of oil and gas. As of ....See Detailed Company Profile  and Dividend History.

▶ Advantage Oil and Gas (AAV): 440 2 Ave SW Suite 300....See Detailed Company Profile  and Dividend History.

▶ Anadarko Petroleum (APC): Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. ....See Detailed Company Profile  and Dividend History.

▶ Anadarko Petroleum (AEUA): Anadarko Petroleum Corporation (Anadarko), incorporated on June 12, 1985, is an independent exploration and production company. The Company is engaged in developing, acquiring, and exploring for oil and natural-gas resources. ....See Detailed Company Profile  and Dividend History.

▶ Antero Resources (AR): Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As o....See Detailed Company Profile  and Dividend History.

▶ Apache (APA): Apache Corporation, incorporated on December 6, 1954, is an independent energy company. Both domestically and internationally, the Company explores for, develops, and produces natural gas, crude oil and natural gas ....See Detailed Company Profile  and Dividend History.

▶ Approach Resources (AREX): Approach Resources Inc., incorporated on October 12, 2002, is an independent energy company. The Company is focused on the exploration, development, production and acquisition of unconventional oil and gas reserves ....See Detailed Company Profile  and Dividend History.

▶ Atwood Oceanics (ATW): Atwood Oceanics, Inc., incorporated on October 9, 1968, is an offshore drilling company. The Company is engaged in the drilling and completion of exploration and development wells for the global ....See Detailed Company Profile  and Dividend History.

▶ Barnwell Industries (BRN): Barnwell Industries, Inc. acquires, develops, produces, and sells oil and natural gas in Canada. The company operates through three segments: Oil and Natural Gas, Land Investment, and Contract Drillin....See Detailed Company Profile  and Dividend History.

▶ Baytex Energy (BTE): Baytex Energy Corp., an oil and gas company, engages in the acquisition, development, and production of oil and natural gas in the Western Canadian Sedimentary Basin and in the Eagle Ford in the United States. ....See Detailed Company Profile  and Dividend History.

▶ Bellatrix Exploration (BXE): 1920-800 5 Ave SW....See Detailed Company Profile  and Dividend History.

▶ Bill Barrett (BBG): Bill Barrett Corporation, incorporated on April 29, 2002, is an independent energy company that develops, acquires and explores for oil and natural gas resources. The Companys assets and operations are ....See Detailed Company Profile  and Dividend History.

▶ Black Stone Minerals (BSM): Black Stone Minerals, L.P. owns and manages oil and natural gas mineral interests in the United States. The company owns mineral interests in approximately 16.8 million acres, nonparticipating royalty....See Detailed Company Profile  and Dividend History.

▶ Bonanza Creek Energy (BCEI): Bonanza Creek Energy, Inc. (Bonanza Creek), incorporated on December 2, 2010, is an independent energy company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich ....See Detailed Company Profile  and Dividend History.

▶ Cabot Oil and Gas (COG): Cabot Oil & Gas Corporation, an independent oil and gas company, explores for, exploits, develops, produces, and markets natural gas, oil, and natural gas liquids in the United States. It primarily fo....See Detailed Company Profile  and Dividend History.

▶ California Resources (CRC): California Resources Corporation, incorporated on April 23, 2014, is an independent oil and natural gas exploration and production company, with operating properties within the State of California. The Company produced ....See Detailed Company Profile  and Dividend History.

▶ Callon Petroleum (CPE): Callon Petroleum Company, an independent oil and natural gas company, focuses on the acquisition, development, exploration, and exploitation of unconventional onshore, oil, and natural gas reserves in....See Detailed Company Profile  and Dividend History.

▶ Callon Petroleum (CPE^A): ....See

▶ Camber Energy (CEI): Camber Energy, Inc., an independent oil and natural gas company, engages in the acquisition, development, and sale of crude oil, natural gas, and natural gas liquids (NGL) in Texas and Oklahoma. The c....See Detailed Company Profile  and Dividend History.

▶ Canadian Natural Resources (CNQ): Canadian Natural Resources Limited, incorporated on January 6, 1985, is an independent crude oil and natural gas exploration, development and production company. The Companys segments include Exploration and Production, Oil ....See Detailed Company Profile  and Dividend History.

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