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Segment Information
12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Segment Information SEGMENT INFORMATION
We use the management approach to identify operating segments. We organize our business around differences in regulatory environment and/or products or services, and the operating results of each segment are regularly reviewed by the chief decision maker (our Chief Executive Officer) in order to make decisions about resources and to assess performance.
Our operations are entirely domestic and are comprised of two reportable segments:
Regulated Energy. Includes energy distribution and transmission services (natural gas distribution, natural gas transmission and electric distribution operations). All operations in this segment are regulated, as to their rates and services, by the PSC having jurisdiction in each operating territory or by the FERC in the case of Eastern Shore.
Unregulated Energy. Includes energy transmission, energy generation (the operations of our Eight Flags' CHP plant), propane operations, and mobile compressed natural gas distribution and pipeline solutions operations. Also included in this segment are other unregulated energy services, such as energy-related merchandise sales and heating, ventilation and air conditioning, plumbing and electrical services. These operations are unregulated as to their rates and services.
The remainder of our operations are presented as “Other businesses and eliminations,” which consists of unregulated subsidiaries that own real estate leased to Chesapeake Utilities, as well as certain corporate costs not allocated to other operations.

The following table presents information about our reportable segments.
For the Year Ended December 31,
202120202019
(in thousands)   
Operating Revenues, Unaffiliated Customers
Regulated Energy$381,879 $350,853 $340,857 
Unregulated Energy188,089 137,345 138,748 
Total operating revenues, unaffiliated customers$569,968 $488,198 $479,605 
Intersegment Revenues (1)
Regulated Energy$2,041 $1,893 $2,149 
Unregulated Energy18,780 15,181 15,403 
Other businesses527 528 529 
Total intersegment revenues$21,348 $17,602 $18,081 
Operating Income (Loss)
Regulated Energy$106,064 $92,124 $86,584 
Unregulated Energy24,382 20,664 19,938 
Other businesses and eliminations666 (65)(237)
Operating Income131,112 112,723 106,285 
Other income (expense), net1,721 3,222 (1,847)
Interest charges20,135 21,765 22,224 
Income from Continuing Operations before Income Taxes112,698 94,180 82,214 
Income Taxes on Continuing Operations29,231 23,538 21,114 
Income from Continuing Operations83,467 70,642 61,100 
Income (loss) from Discontinued Operations, Net of Tax(1)686 (1,349)
Gain on sale of Discontinued Operations, Net of tax 170 5,402 
Net Income$83,466 $71,498 $65,153 
Depreciation and Amortization
Regulated Energy$48,748 $46,079 $35,227 
Unregulated Energy13,869 11,988 10,130 
Other businesses and eliminations 44 50 67 
Total depreciation and amortization$62,661 $58,117 $45,424 
Capital Expenditures
Regulated Energy$139,733 147,100 $130,604 
Unregulated Energy81,651 46,295 60,034 
Other businesses6,425 2,480 8,348 
Total capital expenditures$227,809 $195,875 $198,986 
     
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues.
As of December 31,
20212020
Identifiable Assets
Regulated Energy segment$1,629,191 $1,547,619 
Unregulated Energy segment
439,114 347,665 
Other businesses and eliminations46,564 37,203 
Total identifiable assets$2,114,869 $1,932,487