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Segment Information
 12 Months Ended
Dec. 31, 2023
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, or "CEO") 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 sustainable energy investments including renewable natural gas. 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 tables present information about our reportable segments:
For the Year Ended December 31,
202320222021
(in thousands)   
Operating Revenues, Unaffiliated Customers
Regulated Energy$471,591 $422,894 $381,879 
Unregulated Energy199,013 257,810 188,089 
Total operating revenues, unaffiliated customers$670,604 $680,704 $569,968 
Intersegment Revenues (1)
Regulated Energy$2,004 $6,530 $2,041 
Unregulated Energy24,135 22,940 18,780 
Other businesses182 308 527 
Total intersegment revenues$26,321 $29,778 $21,348 
Operating Income
Regulated Energy$126,199 $115,317 $106,174 
Unregulated Energy24,426 27,350 24,427 
Other businesses and eliminations178 266 511 
Operating Income150,803 142,933 131,112 
Other income, net1,438 5,051 1,720 
Interest charges36,951 24,356 20,135 
Income before Income Taxes115,290 123,628 112,697 
Income Taxes28,078 33,832 29,231 
Net Income$87,212 $89,796 $83,466 
Depreciation and Amortization
Regulated Energy (2)
$48,162 $52,707 $48,748 
Unregulated Energy17,347 16,257 13,869 
Other businesses and eliminations (8)9 44 
Total depreciation and amortization$65,501 $68,973 $62,661 
Capital Expenditures
Regulated Energy (3)
$1,095,871 $97,554 $139,733 
Unregulated Energy40,264 40,773 81,651 
Other businesses1,762 2,355 6,425 
Total capital expenditures$1,137,897 $140,682 $227,809 
     (1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated revenues.
 (2) Depreciation and amortization in 2023 includes a $5.1 million RSAM adjustment. See Note 18 for additional details.
 (3) Capital expenditures in 2023 include our acquisition of FCG for $923.4 million. See Note 4 for additional details.

As of December 31,
(in thousands)20232022
Identifiable Assets
Regulated Energy segment$2,781,581 $1,716,255 
Unregulated Energy segment
477,402 463,239 
Other businesses and eliminations45,721 35,543 
Total identifiable assets$3,304,704 $2,215,037