切萨皮克气业 2024年度报告

FORM 10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACTOF 1934For the Fiscal Year Ended: December 31, 2024☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-11590 CHESAPEAKEUTILITIESCORPORATION (Exact name of registrant as specified in its charter) 500 Energy Lane, Dover, Delaware 19901(Address of principal executive offices, including zip code) 302-734-6799(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading SymbolName of each exchange on which registeredCommon Stock—par value per share$0.4867CPKNew York Stock Exchange, Inc. Securities registered pursuant to Section 12(g) of the Act:None Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15 (d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐ Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe registered public accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ The aggregate market value of the common shares held by non-affiliates of Chesapeake Utilities Corporation as of June 30, 2024,the last business day of its most recently completed second fiscal quarter, based on the last sale price on that date, as reported bythe New York Stock Exchange, was approximately $2.3 billion. The number of shares of Chesapeake Utilities Corporation's common stock outstanding as of February 24, 2025 was 22,982,417. DOCUMENTS INCORPORATED BY REFERENCE Portions of the Chesapeake Utilities Corporation Proxy Statement for the 2025 Annual Meeting of Stockholders are incorporated byreference in Part II and Part III hereof. Table of Contents CHESAPEAKEUTILITIESCORPORATION FORM10-K YEAR ENDED DECEMBER 31, 2024 TABLE OF CONTENTS Page Part I Item 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety Disclosures Part II 27Item 5. Market for the Registrant’s Common Equity, Related Stockholder Mattersand Issuer Purchases of Equity Securities27Item 6. Reserved29Item 7. Management’s Discussion and Analysis of Financial Condition and Resultsof Operations29Item 7A. Quantitative and Qualitative Disclosures About Market Risk53Item 8. Financial Statements and Supplementary Data55Item 9. Changes In and Disagreements With Accountants on Accounting andFinancial Disclosure104Item 9A. Controls and Procedures104Item 9B. Other Information105 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspection105Part III105Item 10. Directors, Executive Officers of the Registrant and Corporate Governance105Item 11. Executive Compensation105Item 12. Security Ownership of Certain Beneficial Owners and Management andRelated Stockholder Matte