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Segment Information
 9 Months Ended
Sep. 30, 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 tables present financial information about our reportable segments:

Three Months EndedNine Months Ended
September 30,September 30,
2024202320242023
(in thousands)
Operating Revenues, Unaffiliated Customers
Regulated Energy$130,157 $101,911 $425,084 $344,190 
Unregulated Energy29,981 29,636 147,070 141,079 
Total operating revenues, unaffiliated customers$160,138 $131,547 $572,154 $485,269 
Intersegment Revenues (1)
Regulated Energy$476 $500 $4,600 $1,632 
Unregulated Energy5,586 5,333 13,019 17,807 
Other businesses45 45 136 136 
Total intersegment revenues$6,107 $5,878 $17,755 $19,575 
Operating Income (Loss)
Regulated Energy$43,935 $24,912 $142,549 $91,828 
Unregulated Energy(3,061)(4,723)18,606 11,529 
Other businesses and eliminations44 39 138 131 
Operating income40,918 20,228 161,293 103,488 
Other income (expense), net400 (72)1,705 1,036 
Interest charges17,022 7,076 50,861 21,272 
Income Before Income Taxes24,296 13,080 112,137 83,252 
Income taxes6,789 3,673 30,191 21,368 
Net Income$17,507 $9,407 $81,946 $61,884 
(1) All significant intersegment revenues are billed at market rates and have been eliminated from consolidated operating revenues.

(in thousands)September 30, 2024December 31, 2023
Identifiable Assets
Regulated Energy segment$2,967,280 $2,781,581 
Unregulated Energy segment 448,024 477,402 
Other businesses and eliminations51,888 45,721 
Total Identifiable Assets $3,467,192 $3,304,704