Revenue Recognition Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue [Table Text Block]

for the years ended December 31, 2023, 2022 and 2021:

	For the year ended December 31, 2023
(in thousands)	Regulated Energy		Unregulated Energy		Other and Eliminations		Total
Energy distribution
Delaware natural gas division	$	83,882	$	—	$	—	$	83,882
Florida Natural Gas distribution (1)	168,360		—		—		168,360
Florida City Gas (2)	12,073		—		—		12,073
FPU electric distribution	99,474		—		—		99,474
Maryland natural gas division	28,092		—		—		28,092
Sandpiper natural gas/propane operations	20,185		—		—		20,185
Elkton Gas	8,814		—		—		8,814
Total energy distribution	420,880		—		—		420,880
Energy transmission
Aspire Energy	—		37,139		—		37,139
Aspire Energy Express	1,478		—		—		1,478
Eastern Shore	79,923		—		—		79,923
Peninsula Pipeline	30,400		—		—		30,400
Total energy transmission	111,801		37,139		—		148,940
Energy generation
Eight Flags	—		19,207		—		19,207
Propane operations
Propane distribution operations	—		154,748		—		154,748
Compressed Natural Gas Services
Marlin Gas Services	—		12,300		—		12,300
Other and eliminations
Eliminations	(59,086)		(246)		(26,321)		(85,653)
Other	—		—		182		182
Total other and eliminations	(59,086)		(246)		(26,139)		(85,471)
Total operating revenues (3)	$	473,595	$	223,148	$	(26,139)	$	670,604

    

(1) In accordance with the Florida PSC approval of our natural gas base rate proceeding, effective March 1, 2023, our natural gas distribution businesses in Florida (FPU, FPU-Indiantown division, FPU-Fort Meade division and Chesapeake Utilities' CFG division) have been consolidated and amounts above are now being presented on a consolidated basis consistent with the final rate order.

(2) Operating revenues for FCG include amounts from the acquisition date through December 31, 2023. For additional information on FCG's results, see Note 4, Acquisitions, and discussion under Item 7, Management's Discussion and Analysis of Financial Condition and Results of Operations.

(3) Total operating revenues for the year ended December 31, 2023, include other revenue (revenues from sources other than contracts with customers) of $1.2 million and $0.4 million for our Regulated and Unregulated Energy segments, respectively. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for Maryland division and Sandpiper and late fees.

	For the year ended December 31, 2022
(in thousands)	Regulated Energy		Unregulated Energy		Other and Eliminations		Total
Energy distribution
Delaware natural gas division	$	82,176	$	—	$	—	$	82,176
Florida Natural Gas distribution (1)	155,870		—		—		155,870
FPU electric distribution	81,714		—		—		81,714
Maryland natural gas division	26,607		—		—		26,607
Sandpiper natural gas/propane operations	21,278		—		—		21,278
Elkton Gas	9,198		—		—		9,198
Total energy distribution	376,843		—		—		376,843
Energy transmission
Aspire Energy	—		56,225		—		56,225
Aspire Energy Express	1,377		—		—		1,377
Eastern Shore	78,624		—		—		78,624
Peninsula Pipeline	27,263		—		—		27,263
Total energy transmission	107,264		56,225		—		163,489
Energy generation
Eight Flags	—		25,318		—		25,318
Propane operations
Propane distribution operations	—		188,412		—		188,412
Compressed Natural Gas Services
Marlin Gas Services	—		11,159		—		11,159
Other and eliminations
Eliminations	(54,683)		(364)		(29,778)		(84,825)
Other	—		—		308		308
Total other and eliminations	(54,683)		(364)		(29,470)		(84,517)
Total operating revenues (2)	$	429,424	$	280,750	$	(29,470)	$	680,704

    

(1) In accordance with the Florida PSC approval of our natural gas base rate proceeding, effective March 1, 2023, our natural gas distribution businesses in Florida (FPU, FPU-Indiantown division, FPU-Fort Meade division and Chesapeake Utilities' CFG division) have been consolidated and amounts above are now being presented on a consolidated basis consistent with the final rate order.

(2) Total operating revenues for the year ended December 31, 2022, include other revenue (revenues from sources other than contracts with customers) of $0.5 million and $0.4 million for our Regulated and Unregulated Energy segments, respectively. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for Maryland division and Sandpiper and late fees

	For the year ended December 31, 2021
(in thousands)	Regulated Energy		Unregulated Energy		Other and Eliminations		Total
Energy distribution
Delaware natural gas division	$	71,195	$	—	$	—	$	71,195
Florida Natural Gas distribution (1)	134,609		—		—		134,609
FPU electric distribution	78,300		—		—		78,300
Maryland natural gas division	22,449		—		—		22,449
Sandpiper natural gas/propane operations	20,746		—		—		20,746
Elkton Gas	7,105		—		—		7,105
Total energy distribution	334,404		—		—		334,404
Energy transmission
Aspire Energy	—		38,163		—		38,163
Aspire Energy Express	187		—		—		187
Eastern Shore	76,911		—		—		76,911
Peninsula Pipeline	26,630		—		—		26,630
Total energy transmission	103,728		38,163		—		141,891
Energy generation
Eight Flags	—		18,652		—		18,652
Propane operations
Propane distribution operations	—		142,082		—		142,082
Compressed Natural Gas Services
Marlin Gas Services	—		8,315		—		8,315
Other and eliminations
Eliminations	(54,212)		(343)		(21,348)		(75,903)
Other	—		—		527		527
Total other and eliminations	(54,212)		(343)		(20,821)		(75,376)
Total operating revenues (2)	$	383,920	$	206,869	$	(20,821)	$	569,968

(1) In accordance with the Florida PSC approval of our natural gas base rate proceeding, effective March 1, 2023, our natural gas distribution businesses in Florida (FPU, FPU-Indiantown division, FPU-Fort Meade division and Chesapeake Utilities' CFG division) have been consolidated and amounts above are now being presented on a consolidated basis consistent with the final rate order.

(2) Total operating revenues for the year ended December 31, 2021, include other revenue (revenues from sources other than contracts with customers) of $0.2 million and $0.4 million for our Regulated and Unregulated Energy segments, respectively. The sources of other revenues include revenue from alternative revenue programs related to revenue normalization for Maryland division and Sandpiper and late fees.

Contract with Customer, Asset and Liability [Table Text Block]

The balances of our trade receivables, contract assets, and contract liabilities as of December 31, 2023 and 2022 were as follows:

	Trade Receivables		Contract Assets (Current)		Contract Assets (Noncurrent)		Contract Liabilities (Current)
(in thousands)
Balance at 12/31/2022	$	61,687	$	18	$	4,321	$	983
Balance at 12/31/2023	67,741		18		3,524		1,022
Increase (decrease)	$	6,054	$	—	$	(797)	$	39

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Table Text Block]

Revenue for these businesses for the remaining performance obligations at December 31, 2023 are expected to be recognized as follows:

(in thousands)	2024		2025		2026		2027		2028		2029 and thereafter
Eastern Shore and Peninsula Pipeline	$	36,657	$	30,330	$	26,547	$	23,433	$	22,559	$	149,124
Natural gas distribution operations	9,680		9,216		8,501		6,472		5,252		28,428
FPU electric distribution	652		275		275		275		275		—
Total revenue contracts with remaining performance obligations	$	46,989	$	39,821	$	35,323	$	30,180	$	28,086	$	177,552