Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy-delivery company headquartered in Dover, Delaware. The company traces its roots back to 1859, when the Dover Gas Light Company began operations, and it was incorporated as Chesapeake Utilities in Delaware in 1947. Over the decades it has grown through acquisitions and expansions in the natural gas, propane, electricity, and mobile compressed natural gas sectors.
The company’s operations span multiple businesses across regulated and unregulated markets. It delivers natural gas to residential, commercial, and industrial customers in Delaware, Maryland, Florida and other regions, maintains a substantial propane distribution business, participates in electric generation and distribution, and offers mobile CNG solutions. For example, its Delaware and Maryland natural gas distribution divisions serve more than 110,000 customers and maintain over 2,100 miles of pipeline mains.
Strategically, Chesapeake Utilities emphasizes infrastructure investment, geographic diversification and a combination of regulated utility assets with growth‐oriented energy services. Its growth initiatives include pipeline expansions, acquisitions of operating companies in growth regions (such as Florida City Gas in a transformative acquisition), and service area extensions into underserved regions. The company’s model is built on delivering reliable energy services to its customers while managing its asset base across multiple fuel types—natural gas, propane and electricity—to mitigate reliance on any one commodity or market.
In the broader energy landscape, Chesapeake Utilities stands out as a regional energy company that combines utility distribution, upstream/midstream infrastructure, and alternative fuel services (like CNG) under one umbrella. While subject to typical utility business risks—regulatory shifts, commodity cost pass-throughs, and infrastructure maintenance—the company’s diversified operations and long history provide a solid foundation.