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Segment Information
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Segment Information Segment Information
We use the management approach to identify operating segments. We organize our business around differences in regulatory environment and the operating results of each segment are regularly reviewed by the chief operating decision maker, our President and 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 distribution operations, mobile compressed natural gas distribution and pipeline solutions operations, and project development activities related to our sustainable energy initiatives. 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 financial information about our reportable segments:

Three Months EndedNine Months Ended
September 30,September 30,
2023202220232022
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy$101,911 $90,270 $344,190 $306,159 
Unregulated Energy29,636 40,783 141,079 187,244 
Total operating revenues, unaffiliated customers$131,547 $131,053 $485,269 $493,403 
Intersegment Revenues (1)
Regulated Energy$500 $710 $1,632 $4,905 
Unregulated Energy5,333 7,131 17,807 14,950 
Other businesses45 45 136 737 
Total intersegment revenues$5,878 $7,886 $19,575 $20,592 
Operating Income (Loss)
Regulated Energy$24,912 $23,663 $91,828 $84,202 
Unregulated Energy(4,723)(5,056)11,529 15,557 
Other businesses and eliminations39 41 131 222 
Operating income20,228 18,648 103,488 99,981 
Other income (expense), net(72)957 1,036 4,454 
Interest charges7,076 6,240 21,272 17,404 
Income Before Income Taxes13,080 13,365 83,252 87,031 
Income Taxes3,673 3,703 21,368 23,385 
Net Income$9,407 $9,662 $61,884 $63,646 
    
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.
(in thousands)September 30, 2023December 31, 2022
Identifiable Assets
Regulated Energy segment$1,737,163 $1,716,255 
Unregulated Energy segment 451,064 463,239 
Other businesses and eliminations52,519 35,543 
Total Identifiable Assets $2,240,746 $2,215,037