Welcome to our dedicated page for Chesapeake Utils news (Ticker: CPK), a resource for investors and traders seeking the latest updates and insights on Chesapeake Utils stock.
Chesapeake Utilities Corporation reports developments from a diversified energy delivery business built around regulated and unregulated energy operations. The company distributes natural gas, electricity and propane, transmits natural gas, generates electricity and steam, and provides mobile compressed natural gas and other energy-related services.
Recurring updates cover earnings, adjusted gross margin, capital investment, regulatory initiatives, infrastructure programs, natural gas organic growth, transmission expansion projects, customer consumption, rate proceedings, dividends, and leadership or governance changes. Company-specific developments also include Florida City Gas, Peninsula Pipeline, Aspire Energy Express and other utility and pipeline operations subject to state utility commission or FERC oversight.
The Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) has declared a quarterly cash dividend of $0.48 per share, payable on January 5, 2022. This dividend will be distributed to shareholders on record as of the close of business on December 15, 2021. Chesapeake has consistently paid dividends for 61 years, maintaining or increasing its annualized dividend during this period, demonstrating the company's commitment to providing value to its shareholders.
Chesapeake Utilities Corporation (NYSE: CPK) mourns the passing of Board member Eugene H. Bayard, who served since 2006. His contributions to the company's growth and culture were significant, according to Board Chair John R. Schimkaitis. Bayard's legacy will resonate within the firm and the state of Delaware for years to come. The company appreciates his unwavering dedication to its mission and community.
Chesapeake Utilities Corporation (NYSE: CPK) will announce its financial results for Q3 2021 on November 3, 2021, after market close. A conference call to discuss these results is scheduled for November 4, 2021, at 4:00 p.m. ET. Investors can participate by dialing 877.224.1468. The company operates in various energy sectors, including natural gas and propane distribution, electricity generation, and mobile CNG services. More information is available on their official website.
Summary not available.
Chesapeake Utilities Corporation (NYSE: CPK) has completed the 33.1-mile Noble Road Landfill Renewable Natural Gas (RNG) pipeline project, constructed by its subsidiary Aspire Energy. This $7.3 million investment will transport RNG from the Noble Road Landfill, starting in Q4 2021. The project is expected to generate a gross margin of $0.1 million in 2021, increasing to $1 million annually by 2026. The RNG produced will support sustainability efforts and significantly reduce carbon emissions, providing enough energy to fuel 725 biofuel trucks each year.
Chesapeake Utilities Corporation (NYSE: CPK) announces the appointment of Lisa G. Bisaccia to its Board of Directors, effective Oct. 15, 2021. Bisaccia, a retired executive from CVS Health, brings over 40 years of experience in human resources, focusing on employee engagement, diversity, and corporate responsibility. Her expertise is expected to enhance Chesapeake's employee-centric culture and support its business transformation initiatives. The Board expresses confidence in her ability to contribute to stakeholder interests and community enrichment.
Chesapeake Utilities Corporation (NYSE: CPK) has appointed Noah Russell, CPA, as assistant vice president and assistant treasurer, effective after the retirement of Thomas Mahn on December 31, 2021. Russell brings nearly 20 years of experience in finance and strategic planning, having previously worked at Energy Transfer LP and Sunoco. His responsibilities will include overseeing treasury strategy and managing corporate finance and banking relationships. Mahn, who has been a key figure since 2012, will continue to advise the company on strategic projects in 2022.
Summary not available.
Chesapeake Utilities Corporation (NYSE:CPK) will participate in the Sidoti & Company 2021 Fall Virtual Small Cap Conference on September 22-23, 2021. The Company plans to engage in one-on-one meetings with investors and will present on September 23 from 1:45 PM to 2:15 PM ET. A presentation will be accessible on their website before the conference. Chesapeake Utilities focuses on diversified energy services, including natural gas, electricity, and propane distribution, as well as mobile CNG utility services.
Chesapeake Utilities Corporation (NYSE: CPK) announced the appointment of Alexander Whitelam as the new Head of Investor Relations, effective August 24. This role emphasizes the company's commitment to enhancing engagement with shareholders and stakeholders. Whitelam brings extensive experience from his prior positions at AMETEK, Aqua America, and leading financial firms. His expertise aims to drive long-term value and support Chesapeake's strategy in delivering sustainable energy solutions as the industry evolves.