Chesapeake Utilities

Chesapeake Utilities delivers essential energy to homes and businesses. They provide natural gas, electricity, and propane to several states. These services meet the daily heating and power needs of customers.

Pipelines, Power, and Propane

• Regulated Energy Distribution: Delivers natural gas and electricity to customers in Delaware, Maryland, and Florida; generated $249 million in revenue in the first quarter of 2026.
• Unregulated Propane: Supplies propane gas to residents and businesses across the Mid-Atlantic and Southeast regions.
• Energy Transmission: Operates large pipeline systems that move natural gas through the Delmarva Peninsula, Florida, and Ohio.
• Mobile Fuel Solutions: Provides compressed and liquefied natural gas transportation services to utilities and pipelines through Marlin Gas Services.
• Electricity Generation: Produces electricity and steam at the Eight Flags combined heat and power plant in Florida.

Expanding the Energy Footprint

• Acquired Florida City Gas in November 2023 to significantly increase natural gas distribution operations in Florida.
• Completed the Wildlight pipeline project in 2025 to support growing energy demand in Nassau County, Florida.
• Finished the Salisbury Integrity Project in October 2025 to modernize pipeline infrastructure in Maryland.
• Commenced construction on the Worcester Resiliency Upgrade to provide long-term gas supply to Delaware and Maryland.

Reliability Across State Lines

Chesapeake Utilities uses a mix of regulated and unregulated businesses to maintain steady operations. By owning both pipelines and distribution networks, the company controls the delivery of energy from the source to the end customer.

Energy by the Numbers

• Total operating revenue hit $353 million in the first quarter of 2026, up 18% from the previous year.
• Operating income grew to $99 million in the first quarter of 2026, a 14% increase year-over-year.
• Net income reached $59 million for the period ended March 31, 2026, up 16% from the first quarter of 2025.
• Operating cash flow rose to $118 million in the first quarter of 2026, up 38% from the same period last year.
• Free cash flow was negative $24 million in the first quarter of 2026, which improved from negative $29 million in 2025.

The Evolution of Delivery

Chesapeake Utilities has transitioned from a local gas provider into a diversified energy delivery company. Recent acquisitions and infrastructure projects have strengthened its role in high-growth markets like Florida.