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Segment Information
 3 Months Ended
Mar. 31, 2024
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/or products or services, 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 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 table presents financial information about our reportable segments:

Three Months Ended
March 31,
20242023
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy$167,927 $141,621 
Unregulated Energy77,817 76,508 
Total operating revenues, unaffiliated customers$245,744 $218,129 
Intersegment Revenues (1)
Regulated Energy$499 $649 
Unregulated Energy5,286 6,657 
Other businesses45 45 
Total intersegment revenues$5,830 $7,351 
Operating Income
Regulated Energy$58,109 $37,625 
Unregulated Energy21,429 17,245 
Other businesses and eliminations47 45 
Operating income79,585 54,915 
Other income, net195 276 
Interest charges17,026 7,232 
Income Before Income Taxes62,754 47,959 
Income taxes16,586 11,615 
Net Income$46,168 $36,344 
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.

(in thousands)March 31, 2024December 31, 2023
Identifiable Assets
Regulated Energy segment$2,830,632 $2,781,581 
Unregulated Energy segment 459,825 477,402 
Other businesses and eliminations41,427 45,721 
Total Identifiable Assets $3,331,884 $3,304,704