CHESAPEAKE UTILITIES Business Summary

Chesapeake Utilities Corporation (NYSE: CPK) is a diversified energy delivery company that generates revenue through regulated utility rates, natural gas transmission fees, and unregulated energy sales. The company operates through two primary segments: Regulated Energy and Unregulated Energy. The Regulated segment encompasses natural gas distribution across Delaware, Maryland, and Florida, natural gas transmission via Eastern Shore Natural Gas, and electric distribution in Florida. The Unregulated segment provides propane distribution through Sharp Energy, mobile compressed natural gas (CNG) and liquefied natural gas (LNG) solutions via Marlin Gas Services, and sustainable energy investments including renewable natural gas (RNG) projects. As of early 2026, CPK has solidified its market position through the major acquisition of Florida City Gas and a recently awarded bid to expand natural gas infrastructure into Virginia’s Eastern Shore. It competes directly with mid-to-large-cap utilities such as Atmos Energy, Black Hills Corp, Spire Inc., and New Jersey Resources, distinguishing itself through a high-growth footprint in the Mid-Atlantic and Southeast and a lower-leverage balance sheet relative to industry peers. Leadership is directed by Jeffry M. Householder, who serves as Chairman, President, and CEO, bringing over 30 years of energy experience since his appointment in 2019. The executive team includes Beth W. Cooper, Executive Vice President and CFO, a long-tenured leader recognized for her role in the company’s strategic expansion, and James F. Moriarty, Executive Vice President and General Counsel. Recent leadership updates include the promotion of Michael Cassel to Senior Vice President of Strategic Development in January 2026 and the appointment of Abhijit Bhatwadekar as Vice President and CIO. The Board of Directors was recently strengthened by the 2025 appointment of Lisa Eden, a retired energy executive with extensive financial expertise. The company maintains a high level of institutional confidence, with major shareholders including BlackRock, T. Rowe Price, and Vanguard Group collectively holding over 30% of the outstanding common stock.