Chesapeake Utilities (NYSE:CPK) (NYSE: CPK) is a diversified energy company headquartered in Delaware City, Delaware. The company primarily engages in the distribution and sale of natural gas and propane, serving residential, commercial and industrial customers across the Delmarva Peninsula and select markets in Florida and Kentucky. In addition to its core distribution services, Chesapeake Utilities provides midstream and marketing solutions, encompassing natural gas supply, storage and transmission services to wholesale and retail clients.
The natural gas distribution segment operates under regulated utilities in Delaware, Maryland and Pennsylvania, delivering safe and reliable service through an extensive pipeline network. Chesapeake Utilities’ propane distribution business markets and sells propane to homes and businesses under several brand names, leveraging a fleet of delivery vehicles and storage facilities to ensure consistent supply throughout its service territories.
Chesapeake Utilities’ midstream and marketing division sources and transports natural gas, offering services such as liquefied natural gas (LNG) production and storage, pipeline capacity reservation and gas supply contracts. This segment supports both the company’s utility operations and third‐party customers, providing strategic energy infrastructure in the Mid‐Atlantic and Southeast regions.
Led by President and Chief Executive Officer Stephen D. Thompson Jr., Chesapeake Utilities emphasizes operational reliability, safety and customer satisfaction. The company’s leadership team brings decades of industry experience, guiding ongoing investments in network modernization, environmental stewardship and community engagement. With a steady record of regulated growth, Chesapeake Utilities continues to expand its service footprint while maintaining a focus on long‐term energy solutions.
