7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-12-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-12-31 2017-09-30 2017-06-30 2017-03-31 2016-12-31 2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2011-09-30 2011-06-30 2011-03-31 2010-12-31 2010-09-30 2010-06-30 2010-03-31 2009-12-31 2009-09-30 2009-06-30 2009-03-31 2008-12-31 2008-09-30 2008-06-30 2008-03-31 2007-12-31 2007-09-30 2007-06-30 2007-03-31 2006-12-31 2006-09-30 2006-06-30 2006-03-31 2005-12-31 2005-09-30 
      
    		                                                                                 
      operating activities
    		                                                                                 
      net income
    		19,400,000 23,900,000 50,900,000 36,654,000 17,507,000 18,271,000 46,168,000 25,328,000 9,407,000 16,133,000 36,344,000 26,150,000 9,661,000 17,052,000 36,933,000 22,712,000 12,475,000 13,813,000 34,466,000 22,352,000 9,260,000 10,956,000 28,930,000 22,564,000 5,621,000 8,304,000 28,664,000 17,801,000 5,538,000 6,386,000 26,855,000 26,101,000 6,833,000 6,046,000 19,144,000 11,863,000 4,416,000 8,029,000 20,367,000 8,619,000 5,118,000 6,294,000 21,109,000 10,097,000 3,180,000 5,134,000 17,681,000 9,683,000 3,879,000 4,356,000 14,869,000 9,857,000 3,219,000 5,060,000 10,727,000 7,958,000 2,397,000 3,520,000 13,747,000 7,114,000 1,628,000 3,340,000 13,974,000 6,191,000 307,000 806,000 8,593,000 4,412,291 -198,298 -7,564,949,734 7,574,343,000 4,080,729 -355,898 1,481,791 7,991,088 3,934,179 -656,579 1,132,510 6,096,415 4,132,668 -693,774 
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                                 
      depreciation and amortization
    		23,300,000 21,900,000 22,500,000 13,956,000 16,957,000 17,878,000 16,909,000 13,405,000 17,610,000 17,303,000 17,183,000 17,441,000 17,339,000 17,216,000 16,977,000 16,201,000 15,798,000 15,297,000 15,365,000 15,324,000 18,293,000 12,248,000 12,252,000 11,851,000 11,365,000 11,610,000 11,074,000 10,626,000 10,633,000 9,839,000 9,704,000 9,332,000 9,361,000 9,094,000 8,812,000 8,666,000 8,210,000 7,780,000 7,503,000 7,817,000 7,637,000 7,543,000 6,975,000 6,170,000 6,775,000 6,736,000 6,635,000 5,894,000 6,274,000 5,977,000 5,820,000 5,097,000 5,767,000 5,885,000 5,761,000 5,217,000 4,978,000 4,937,000 5,021,000 5,039,000 5,058,000 5,038,000 5,623,000 4,353,000 2,438,000 2,413,000 2,384,000 2,309,432    2,231,941 2,144,926 2,367,523 2,315,795 2,185,186 2,044,179 2,037,003 1,977,347 1,866,852 1,889,266 
      depreciation and accretion included in other costs
    		3,700,000 4,000,000 4,000,000  3,366,000 4,180,000 4,016,000  2,848,000 2,880,000 2,834,000  2,499,000 3,037,000 2,744,000  2,607,000 2,493,000 2,568,000  2,255,000 2,446,000 2,361,000  2,058,000 2,187,000 2,135,000  2,036,000 2,152,000 2,276,000  2,050,000 2,000,000 1,939,000 1,977,000 1,921,000 1,790,000 1,646,000 1,698,000 1,794,000 1,797,000 1,689,000 1,425,000 1,705,000 1,664,000 1,783,000 1,619,000 1,474,000 1,554,000 1,476,000 1,468,000 1,393,000 1,288,000 1,398,000 1,361,000 1,282,000 1,418,000 1,055,000 705,000 787,000 780,000 861,000 802,000 669,000 654,000 664,000 603,400    801,121 852,405 845,356 837,624 813,557 784,527 762,136 741,846 698,894 679,114 
      deferred income taxes
    		23,200,000 3,600,000 16,500,000 5,811,000 6,779,000 11,905,000 11,905,000 -4,884,000 2,602,000 3,242,000 2,453,000 7,489,000 4,782,000 4,036,000 7,398,000 8,599,000 5,249,000 6,476,000 6,334,000 2,525,000 9,952,000 6,494,000 5,738,000 15,687,000 1,043,000 4,316,000 3,430,000 10,179,000 3,379,000 1,199,000 6,469,000 -18,435,000 17,486,000 4,185,000 7,849,000 19,253,000 5,842,000 1,836,000 4,326,000 21,675,000 211,000 -870,000 -496,000 22,391,000 -322,000 397,000 -231,000 4,913,000 4,151,000 3,588,000 2,208,000 1,779,000 3,540,000 3,189,000 5,373,000 3,531,000 1,734,000 3,560,000 8,889,000 3,542,000 6,164,000 3,314,000 369,000 4,490,000 2,902,000 3,463,000 -790,000 5,339,675   2,397,087,000 250,421 -10,346 2,547,487 -956,532 1,895,537 290,537 -660,128 -1,934,479 2,433,212 546,287 
      realized loss on commodity contracts and sale of assets
    		-500,000 -600,000 -1,100,000  -745,000                                                                             
      unrealized gain on investments and commodity contracts
    		-900,000 -1,300,000 400,000  -690,000                  1,511,000                                                           
      employee benefits and compensation
    		    -24,000 -24,000 -24,000 27,000 97,000 99,000 119,000 -331,000 -260,000 -260,000 -260,000 466,000 -173,000 -173,000 -173,000 175,000 11,000 10,000 11,000 822,000 399,000 382,000 382,000 400,000 0 228,000 228,000 365,000 393,000 396,000 423,000 670,000 457,000 380,000 380,000 334,000 300,000 301,000 300,000                             394,954 509,614 465,473 454,987 -962,316 479,231 452,772 412,921 288,243 461,768 
      share-based compensation
    		1,400,000 2,300,000 2,300,000 1,951,000 1,937,000 2,399,000 2,113,000 2,765,000 1,938,000 511,000 2,408,000 1,733,000 1,150,000 1,342,000 2,213,000 1,325,000 1,305,000 1,439,000 1,876,000 1,175,000 1,332,000 1,266,000 1,056,000 1,974,000 1,210,000 608,000 487,000 278,000 288,000 727,000 1,520,000 882,000 796,000 173,000 639,000 480,000 623,000 615,000 649,000 492,000 498,000 410,000 537,000 439,000 454,000 427,000 638,000 385,000 385,000 480,000 381,000  414,000 352,000 345,000  373,000 376,000 329,000  287,000 279,000 333,000                   
      other
    		   -5,000 34,000                        -12,000 -11,000 -12,000 -711,000 -22,000 -13,000 -4,000 -121,000 18,000 0 24,000 34,000 5,000 4,000 4,000 1,000 3,000 0 -1,000 56,000 -62,000 -19,000 -3,000 -6,000 -7,000 -7,000 -7,000 -7,000 -25,000 -2,000 -16,000    41,000     31    1,794 101 -1,000 -839 -15,511 -1,279 -1,278 -528 -60,184 -3,349 
      changes in assets and liabilities:
    		                                                                                 
      accounts receivable and accrued revenue
    		7,600,000 17,500,000 -13,900,000 -36,613,000 -3,757,000 22,264,000 7,806,000 -29,596,000 1,054,000 25,171,000 5,641,000 -41,851,000 5,926,000 17,234,000 7,532,000 -24,073,000 -1,225,000 24,148,000 -484,000 -17,681,000 -1,200,000 3,316,000 8,139,000 -15,508,000 635,000 33,215,000 18,147,000 -49,299,000 758,000 22,581,000 9,649,000 -32,418,000 -13,950,000 21,767,000 5,095,000 -23,178,000 -6,099,000 6,002,000 -3,738,000 -4,801,000 1,704,000 28,208,000 -8,014,000 -17,621,000 1,591,000 40,360,000 -3,647,000 -20,677,000 5,701,000 2,389,000 -8,657,000 -14,974,000 -580,000 27,343,000 9,760,000 -13,996,000 14,958,000 6,551,000 7,466,000 -43,804,000 -3,148,000 10,685,000 15,800,000 -39,165,000 107,000 16,189,000 9,217,000 859,474    -30,369,747 -4,781,006 7,841,265 -879,644 -7,578,360 -3,571,226 9,880,728 10,974,718 -21,660,123 -9,812,430 
      propane inventory, storage gas and other inventory
    		-1,700,000 400,000 1,600,000 1,639,000 -3,233,000 125,000 4,769,000 -2,675,000 -2,084,000 -321,000 5,373,000 -4,509,000 -3,608,000 -3,761,000 4,031,000 -5,121,000 -3,311,000 -2,456,000 1,371,000 -1,115,000 -1,316,000 219,000 3,921,000 231,000 1,538,000 -749,000 7,207,000 -4,272,000 -3,465,000 -2,604,000 12,448,000 -780,000 -5,713,000 -9,231,000 6,688,000 -352,000 -2,842,000 -2,410,000 3,073,000 -1,639,000 -1,239,000 -932,000 5,337,000 40,000 -1,937,000 -2,169,000 8,243,000 -3,559,000 -3,113,000 -2,884,000 5,064,000 -3,119,000 -1,694,000 -414,000 5,830,000 -2,643,000 -3,156,000 -2,462,000 5,777,000 562,000 -3,793,000 -2,773,000 6,155,000 526,000 -2,935,000 -3,521,000 8,527,000 5,540,200    2,667,223 -4,255,525 -4,820,054 7,601,692 1,832,618 -4,425,409 -4,380,236 7,327,791 -271,882 -6,773,599 
      regulatory assets and liabilities
    		-14,700,000 -5,900,000 3,600,000  -7,126,000                                                                             
      prepaid expenses and other current assets
    		-5,000,000 700,000 1,600,000 791,000 -4,710,000 1,747,000 2,572,000 21,454,000 -5,718,000 -1,032,000 3,985,000 3,596,000 -4,798,000 3,700,000 6,626,000 5,293,000 -9,602,000 -1,382,000 4,171,000 1,289,000 -4,881,000 2,657,000 3,359,000 -2,844,000 4,299,000 -2,213,000 11,873,000 -5,888,000 -13,056,000 3,428,000 8,095,000 -4,141,000 -4,989,000 993,000 1,136,000 -1,872,000 -2,393,000 1,520,000 1,358,000 -600,000 -3,420,000 761,000 2,500,000 105,000 -3,987,000 998,000 2,185,000 297,000 -3,673,000 843,000 1,469,000 143,000 -2,940,000 632,000 1,452,000 399,000 -2,536,000 264,000 1,528,000 526,000 -2,918,000 1,626,000 1,923,000 -1,227,000 -2,477,000 1,597,000 1,360,000 7,022,291    815,941 -1,318,035 -1,752,679 1,066,292 499,032 -625,061 -1,027,640 882,231 515,662 -38,666 
      accounts payable and other accrued liabilities
    		11,700,000 -4,200,000 2,900,000 -6,075,000 11,099,000 5,490,000 -10,114,000 -5,667,000 7,145,000 2,893,000 -21,166,000 3,533,000 1,465,000 10,644,000 -12,918,000 -10,040,000 11,762,000 5,797,000 766,000 5,865,000 680,000 2,639,000 -4,243,000 -10,471,000 5,352,000 -12,119,000 -44,783,000 45,497,000 16,562,000 780,000 -26,932,000 11,081,000 4,795,000 5,617,000 -5,897,000 15,150,000 7,748,000 -2,465,000 -1,604,000 -5,752,000 3,845,000 -11,366,000 2,376,000 10,657,000 3,787,000 -27,312,000 4,821,000 10,650,000 100,000 6,564,000 1,510,000 202,000 -1,779,000 -10,220,000 -8,139,000 12,171,000 -26,457,000 11,344,000 -10,670,000 29,775,000 834,000 -2,015,000 -12,741,000 23,594,000 1,662,000 -4,131,000 -10,940,000 -8,250,512    23,314,572 5,841,810 -841,658 -6,184,675 8,335,224 1,683,988 -5,950,122 -15,503,460 13,705,011 12,458,493 
      income taxes receivable
    		-17,900,000 -5,900,000 1,900,000 5,834,000        16,318,000 -6,506,000          4,820,000 -8,950,000 -116,000 -1,925,000 6,241,000 -6,575,000 -2,305,000 -383,000 8,741,000   -1,000,000 9,500,000 -12,431,000 -5,783,000 11,839,000 8,841,000     -16,446,000    -1,669,000 -2,619,000 -2,300,000 8,899,000 3,233,000 -1,930,000 -478,000 1,398,000 2,827,000 -398,000 -2,396,000 -270,000 2,631,000 -8,593,000 -6,379,000 8,580,000 1,477,000 -2,568,000 -234,000 6,345,000 -2,917,780    1,321,756 -1,340,826 -3,834,776 3,695,290 -1,322,527 -2,222,891 655,032 4,691,299 -2,099,723 -2,906,628 
      customer deposits and refunds
    		-3,200,000 6,100,000 -3,700,000 -1,681,000 2,633,000 1,093,000 -2,745,000 852,000 1,760,000 1,792,000 -476,000 -673,000 3,336,000 1,115,000 -3,114,000 696,000 1,799,000 1,528,000 -847,000 666,000 1,804,000 1,585,000 -1,817,000 1,181,000 1,324,000 129,000 -4,445,000 -732,000 2,869,000 -2,777,000 44,000 2,258,000 1,768,000 1,087,000 400,000 2,379,000 -713,000 533,000 -134,000 3,153,000 2,571,000 -858,000 -2,890,000 242,000 1,489,000 -923,000 -1,735,000 -803,000 1,399,000 -1,438,000 -2,520,000 -561,000 -159,000 -518,000 -409,000 4,369,000 1,909,000 983,000 -2,165,000 147,000 850,000 437,000 604,000 952,000 875,000 -48,000 -1,854,000 733,905   8,522,705,000 1,141,917 1,031,660 1,486,146 -1,125,068 1,593,791 1,235,493 -229,064 -238,955 156,953 1,467,630 
      accrued compensation
    		-200,000 2,500,000 -14,600,000 9,331,000 1,861,000 5,288,000 -9,480,000 6,565,000 -42,000 3,375,000 -8,436,000 4,214,000 821,000 126,000 -6,392,000 1,938,000 2,657,000 1,708,000 -5,105,000 3,033,000 1,580,000 1,680,000 -8,766,000 5,867,000 1,618,000 183,000 -5,548,000 3,512,000 2,392,000 2,535,000 -7,731,000 4,518,000 1,846,000 1,090,000 -4,966,000 2,651,000 1,047,000 2,603,000 -5,943,000 1,075,000 2,382,000 1,474,000 -5,262,000 1,279,000 1,733,000 530,000 -3,505,000 1,897,000 1,000,000 693,000 -2,753,000 991,000 1,299,000 452,000 -2,305,000 1,239,000 1,014,000 -225,000 -2,009,000 604,000 652,000 1,063,000 -980,000 -1,786,000 871,000 457,000 -1,608,000 517,260   1,709,203,000 777,368 741,532 556,640 -957,599 300,254 678,534 400,327 -1,921,627 766,545 57,317 
      accrued interest
    		12,500,000 -11,300,000 11,400,000 -8,955,000 10,123,000 -13,495,000 10,127,000                                      1,994,000 -1,183,000 1,301,000 -1,346,000 1,460,000 -1,501,000 1,185,000 -1,709,000 1,724,000 -1,505,000 1,290,000 -1,714,000 1,803,000 -1,085,000 844,000 -1,478,000 1,640,000 -1,208,000 949,000 -1,094,000 528,000 -508,000 1,140,000 -683,469   1,547,136,000 -926,079 980,101 -901,330 880,420 -751,193 970,773 -913,185 967,277 -939,716 -214,507 
      other assets and liabilities
    		400,000 500,000 -1,300,000 382,000 977,000 3,146,000 1,195,000 1,934,000 -3,344,000 1,239,000 1,538,000 -959,000 1,322,000 -2,309,000 -825,000 -2,890,000 -1,295,000 -4,436,000 3,761,000 -1,977,000 120,000 -2,551,000 -1,315,000 -14,137,000 -981,000 -4,531,000 3,585,000 -5,540,000 1,318,000 -2,207,000 347,000 -2,296,000 2,905,000 -4,885,000 1,631,000 -750,000 733,000 -3,028,000 1,242,000 -3,320,000 -337,000 -3,068,000 2,753,000  -1,706,000 303,000 -240,000  -65,000                                 
      net cash from operating activities
    		59,100,000 54,200,000 85,000,000 21,732,000 50,290,000 70,096,000 97,282,000 20,135,000 34,364,000 67,316,000 81,667,000 22,872,000 12,215,000 54,675,000 69,120,000 -2,280,000 18,568,000 53,834,000 80,382,000 43,036,000 24,202,000 32,870,000 58,808,000 -975,000 29,364,000 34,089,000 40,486,000 18,782,000 19,644,000 41,680,000 66,672,000 11,717,000 2,002,000 36,416,000 59,954,000 21,146,000 8,070,000 31,727,000 42,428,000 6,458,000 10,913,000 23,734,000 64,037,000 14,924,000 6,138,000 12,223,000 45,999,000 6,504,000 12,364,000 19,095,000 34,968,000 1,776,000 3,583,000 25,963,000 34,550,000 18,347,000 -7,315,000 25,819,000 34,270,000 5,359,000 -2,062,000 11,299,000 46,409,000 -1,643,000 631,000 15,785,000 31,036,000 15,119,275 3,780,461   5,989,956 -926,129 3,696,786 16,921,271 11,142,551 -3,418,721 2,649,324 19,743,844 -4,140,747 -5,445,491 
      investing activities
    		                                                                                 
      property, plant and equipment expenditures
    		-108,300,000 -100,100,000 -113,800,000 -95,714,000 -101,626,000 -82,448,000 -75,512,000 -50,934,000 -47,419,000 -47,847,000 -42,418,000 -30,248,000 -32,941,000 -35,200,000 -29,887,000 -38,711,000 -43,582,000 -52,637,000 -51,994,000 -42,090,000 -40,642,000 -47,597,000 -35,182,000 -45,412,000 -48,872,000 -47,227,000 -43,216,000 -98,357,000 -44,599,000 -63,695,000 -63,116,000 -45,192,000 -41,510,000 -46,455,000 -42,172,000 -63,010,000 -36,806,000 -33,198,000 -36,847,000 -42,567,000 -37,332,000 -37,211,000 -27,508,000 -28,183,000 -26,228,000 -24,289,000 -18,464,000 -28,541,000 -27,359,000 -25,003,000 -16,217,000 -21,025,000 -16,842,000 -19,396,000 -14,744,000 -13,660,000 -12,141,000 -12,881,000 -8,355,000 -18,458,000 -12,703,000 -8,151,000 -6,099,000 -6,929,000 -7,705,000 -7,845,000 -4,124,000 -7,031,515 -8,283,856   -8,399,810 -6,908,023 -7,612,165 -8,357,392 -20,510,559 -12,088,181 -9,290,708 -6,956,380 -14,592,455 -7,637,302 
      proceeds from sale of assets
    		2,800,000 600,000 600,000 2,058,000 1,375,000 1,517,000 250,000 275,000 617,000 1,528,000 506,000 316,000 177,000 3,148,000 219,000 306,000 230,000 103,000 394,000 3,760,000 47,000 167,000 4,106,000 100,000                                                0 0         
      acquisitions, net of cash acquired
    		   -3,000 0 -9,000 612,000     -9,760,000 0       -6,602,000            -238,000        0 0                                         
      environmental expenditures
    		  100,000 -234,000 39,000 -144,000 -61,000 45,000 50,000 -18,000 -742,000 371,000 -196,000 -174,000 -267,000 -171,000 -195,000 -148,000 -247,000 -148,000 -73,000 -1,526,000 -422,000 -245,000 -281,000 -376,000 -268,000 -303,000 -149,000 -125,000 -48,000 -119,000 -75,000 -78,000 -57,000 -90,000 -83,000 -78,000 -99,000 -61,000 -40,000 -24,000 -49,000 -99,000 -55,000 -53,000 -26,000 317,000 -67,000 -189,000 -20,000 -262,000 -151,000 -139,000 -55,000 -120,000 -199,000 -162,000 -164,000 232,000 -112,000 -43,000 -367,000 -385,000 -26,000 1,000 -8,000 -77,269 -203,776             
      net cash from investing activities
    		-105,500,000 -99,600,000 -113,100,000 -93,893,000 -100,212,000 -81,084,000 -74,711,000 -975,648,000 -46,752,000 -46,337,000 -42,654,000 -39,321,000 -32,960,000 -34,232,000 -29,935,000 -74,947,000 -43,547,000 -52,682,000 -51,847,000 -45,080,000 -56,297,000 -48,756,000 -31,498,000 -46,674,000 -49,033,000 -47,511,000 -43,369,000 -115,097,000 -44,506,000 -63,690,000 -62,971,000 -45,442,000 -52,876,000 -46,384,000 -42,193,000  -36,859,000 -33,238,000 -36,895,000  -37,312,000 -58,314,000 -27,359,000  -26,237,000 -23,912,000 -18,461,000  -24,843,000 -42,285,000 -18,640,000  -16,961,000 -19,456,000 -12,753,000  -11,879,000 -13,198,000 -8,220,000  -14,813,000 -8,194,000 -6,776,000          -6,938,242         
      financing activities
    		                                                                                 
      common stock dividends
    		-15,800,000 -14,500,000 -14,500,000 -14,312,000 -14,061,000 -12,943,000 -12,884,000 -10,500,000 -10,500,000 -9,517,000 -9,492,000 -9,280,000 -9,292,000 -8,301,000 -8,274,000 -8,250,000 -8,240,000 -7,534,000 -7,513,000 -7,117,000 -7,068,000 -6,493,000 -6,483,000 -6,458,000 -6,476,000 -5,882,000 -5,877,000 -5,872,000 -5,870,000 -5,154,000 -5,147,000 -5,148,000 -5,144,000 -4,821,000 -4,815,000 -4,518,000 -4,511,000 -4,249,000 -4,204,000 -4,199,000 -4,193,000 -3,959,000 -3,573,000 -3,568,000 -3,565,000 -3,385,000 -3,369,000 -3,365,000 -3,360,000 -3,180,000 -3,176,000 -3,175,000 -3,173,000 -2,998,000 -2,989,000 -2,990,000 -2,988,000 -2,849,000 -2,836,000 -2,826,000 -2,818,000 -2,686,000 -2,683,000 -2,079,000 -1,930,000 -1,866,000 -2,082,000 -2,079,328 -2,078,485   -1,784,325 -1,779,509 -1,741,451 -1,724,536 -1,520,224 -1,516,408 -1,479,890 -1,466,009 -1,454,605 -1,446,591 
      proceeds from issuance of common stock, net of expenses
    		14,900,000 41,400,000 19,800,000                                                                               
      tax withholding payments related to net settled stock compensation
    		0 0 -1,000,000 -34,000 0 0 -1,466,000 0 0 0 -2,455,000 0 0 0 -2,838,000 0 0 0 -1,478,000 0 0 0 -977,000 0 0 0 -692,000 0 0 -491,000 -719,000 0 0 0 -692,000                                               
      change in cash overdrafts due to outstanding checks
    		500,000 3,600,000 -1,700,000 88,000 1,177,000 -480,000 715,000 1,856,000 0 -1,834,000 -323,000 1,144,000 1,013,000 -2,425,000 1,223,000 -646,000 593,000 -1,108,000 7,000 1,485,000 1,121,000 1,296,000 -4,727,000 1,681,000 -3,403,000 464,000 84,000 -6,655,000 80,000 -1,720,000 2,352,000 4,751,000 -643,000 -2,957,000 587,000 1,454,000 993,000 2,974,000 -1,501,000 -514,000 597,000 4,558,000 -2,191,000 -418,000 303,000 -305,000 -501,000 1,026,000 -1,452,000 -1,323,000 83,000 4,778,000 -2,037,000 -594,000 -1,550,000 -988,000 4,272,000 -402,000 -2,791,000 -3,765,000 7,854,000 0 -834,000 364,000    -2,102,862 1,547,709   -1,123,753 -261,144 -455,886 1,299,731 -993,004 -226,863 933,855 335,059 31,409 1,144,432 
      net borrowings (repayments) under line of credit agreements
    		-150,100,000 26,300,000 20,300,000 -18,769,000 5,866,000                  11,695,000 20,946,000 -73,079,000                                                         
      proceeds from issuance of long-term debt
    		                               7,000 0           0 -25,000   20,000,000 0       0 0                         
      repayment of long-term debt and finance lease obligation
    		-1,900,000 -10,600,000 -2,000,000                                                                               
      net cash from financing activities
    		46,700,000 46,200,000 20,900,000 78,456,000 45,101,000 15,723,000 -25,780,000 958,624,000 10,012,000 -19,875,000 -42,152,000 20,173,000 19,039,000 -21,465,000 -38,953,000   -1,716,000 -26,459,000 2,487,000    50,314,000 16,735,000      -3,319,000 35,953,000    44,541,000 27,059,000 1,462,000 -5,073,000 35,189,000 28,076,000 20,514,000 -25,082,000 5,341,000 19,855,000 9,427,000 -26,103,000  12,061,000 22,792,000 -17,081,000  13,687,000 -6,817,000 -22,387,000 -2,941,000 19,136,000 -12,777,000 -25,709,000 12,567,000 10,362,000 -3,989,000 -32,311,000                   
      net decrease in cash and cash equivalents
    		  -7,200,000    -3,209,000                                  1,677,000    -244,000    -418,000 -398,000 -753,000        341,000              -4,041         
      cash and cash equivalents—beginning of period
    		0 0 7,900,000  0 0 4,904,000  0 0 6,204,000  0 0 4,976,000  0 0 3,499,000  0 0 6,985,000  0 0 6,089,000  0 0 5,614,000  0 0 4,178,000  0 0 2,855,000  0 0 4,574,000  0 0 3,356,000  0 0 3,361,000    2,637,000                           
      cash and cash equivalents—end of period
    		300,000 800,000 700,000  -4,821,000 4,735,000 1,695,000  -2,376,000 1,104,000 3,065,000  -1,706,000 -1,022,000 5,208,000  875,000 -564,000 5,575,000  -534,000 -392,000 3,982,000  -2,934,000 -721,000 7,975,000  1,703,000 -1,484,000 5,996,000  967,000 -3,281,000 5,700,000  -1,730,000 -49,000 3,315,000  1,677,000 -14,066,000 16,170,000  -244,000 -2,262,000 4,791,000  -418,000 -398,000 2,608,000    2,047,000                           
      net increase in cash and cash equivalents
    		       3,111,000 -2,376,000 1,104,000 -3,139,000 3,724,000 -1,706,000 -1,022,000 232,000 -910,000 875,000 -564,000 2,076,000   -392,000 -3,003,000 2,665,000 -2,934,000 -721,000 1,886,000 -126,000   382,000   -3,281,000 1,522,000   -49,000 460,000    11,596,000    1,435,000     1,315,000 309,000 -310,000 -590,000 867,000 -58,000     -884,000 7,322,000 2,100,000 -886,000 -1,663,000 1,666,000 -1,007,675 -564,801      -212,326   -401,147 279,762   
      adjustments to reconcile net income to net operating cash:
    		                                                                                 
      depreciation and accretion included in operations expenses
    		                                                                                 
      realized (loss) on sale of assets/commodity contracts
    		                                                                                 
      unrealized gain on investments/commodity contracts
    		          -551,000 -541,000 402,000 1,415,000 541,000     -1,050,000 -562,000   -570,000 64,000   856,000            36,000 247,000                                         
      regulatory assets/liabilities
    		      10,059,000 -13,390,000 4,696,000 4,189,000 24,607,000 -11,217,000 -21,049,000 -12,179,000 5,774,000 -11,902,000 -14,273,000 -6,412,000 14,123,000 -2,689,000 -6,417,000 -3,176,000 7,309,000 -652,000 -5,550,000 -4,731,000 3,121,000 -1,649,000 -7,136,000 -476,000 11,511,000 -3,782,000 -3,328,000 -1,848,000 6,103,000 -4,197,000 -3,845,000 -3,422,000 3,941,000 -2,584,000 -6,261,000 -3,457,000 16,185,000                                       
      cash and cash equivalents — beginning of period
    		                                                   0 0   0 0 0 1,643,000 -10,000 0 0 2,828,000 0 0 0 1,611,000 0 0   -1 0 0 4,488,367 0 0 0 2,487,658 0 0 
      cash and cash equivalents — end of period
    		                                                   1,315,000 309,000   867,000 -58,000 -156,000 1,984,000 -1,110,000 -6,513,000 -884,000 10,150,000 2,100,000 -886,000 -1,663,000 3,277,000 -1,007,675 -564,801   1,688,058 -4,041 -3,367,257 4,276,041 2,137,388 -15,295 -401,147 2,767,420 1,881,554 -3,313,328 
      issuance of stock under the dividend reinvestment plan, net of offering fees
    		    54,278,000 2,430,000 41,000  -14,000    179,000 1,017,000 3,242,000  2,270,000 2,746,000 2,053,000                                                               
      proceeds from long-term debt, net of offering fees
    		        0 0 79,840,000  -31,000 -25,000 49,915,000                                                                   
      repayment of long-term debt
    		    -2,052,000 -10,500,000 -1,973,000  -1,971,000 -12,071,000 -1,967,000  -1,965,000 -10,315,000 -213,000  0                                -39,000 -8,555,000 -15,000 -6,743,000 -15,000 -1,424,000 -20,000 -7,744,000 92,000 -1,447,000 -35,000 -5,653,000 -930,000 -1,419,000 -28,858,000 -10,887,000 0 0 -20,000 -6,636,493 -58   -6,636,397 -51 -63 -1,020,069 -3,000,055 -909,165 -210 -1,020,244 -3,000,231 -789,399 
      income taxes receivable/payable
    		     -10,683,000 4,647,000  -4,064,000 -8,830,000 10,095,000                              -4,417,000 -2,453,000 21,753,000                                       
      realized (loss) on commodity contracts and sale of assets
    		      -1,811,000                                                                           
      unrealized (gain) loss on investments/commodity contracts
    		      -830,000  310,000        39,000 -599,000 -389,000        -721,000         -142,000                                              
      net repayments under line of credit agreements
    		      -10,213,000  22,497,000 3,561,000 -107,755,000        -19,528,000                                                               
      issuance of stock for dividend reinvestment plan
    		                               -165,000 -167,000 199,000 222,000  171,000 234,000 195,000                         206,000 60,000 62,000 64,000 13,203 0   54,741 70,380 108,308 66,007 93,513 52,248 63,610 112,494 176,305 143,859 
      realized gain on commodity contracts and sale of assets
    		        149,000 -748,000 -284,000  -267,000 -2,706,000 -4,274,000  -913,000 -1,828,000 -3,514,000  -1,380,000 962,000 -4,458,000                                                           
      gain on sale of discontinued operations
    		                   0 0                                                             
      proceeds from the sale of discontinued operations
    		                   0 0                                                             
      net advances (repayments) under line of credit agreements
    		            29,135,000 -1,416,000 -82,008,000  21,641,000                                                                 
      income taxes (payable) receivable
    		              6,134,000  -4,331,000 -1,579,000 6,093,000  -5,329,000                                                             
      unrealized (gain) on investments/commodity contracts
    		                                                                                 
      net cash (used in) / provided by financing activities
    		                                                                                 
      repayment of long-term debt, net of offering fees
    		                                                                                 
      proceeds from issuance of long-term debt, net of offering fees
    		                    89,840,000 0 -13,000                                                           
      realized gain on sale of assets/commodity contracts
    		                                                                                 
      issuance (repurchase) of stock under equity issuance plans, net of offering fees
    		                                                                                 
      repayment of long-term debt and capital lease obligation
    		                    0 -10,100,000 -30,000,000         -6,590,000 -345,000 -4,749,000 -416,000 -6,565,000 -355,000 -1,824,000 -402,000 -6,558,000 -328,000 -3,858,000 -76,000 -8,249,000 14,000 -1,538,000 -196,000                                   
      issuance (repurchase) of stock under the dividend reinvestment plan
    		                     167,000 192,000                                                           
      net borrowings under line of credit agreements
    		                                                                                 
      net cash (used) provided by financing activities
    		                     15,494,000 -30,313,000                                                           
      realized (gain) loss on commodity contracts/sale of assets/investments
    		                        -515,000 -209,000 -363,000           185,000 479,000                                           
      issuance of stock under the dividend reinvestment plan
    		                        -168,000 -185,000 -183,000                                                       
      proceeds from long-term debt
    		                        99,861,000 -44,000 30,000,000                                                       
      repayment of long-term debt, long-term borrowing under the revolver and capital lease obligation
    		                        0 -6,021,000 -414,000  -365,000                                                     
      proceeds from sales of assets
    		                         92,000 115,000  242,000 130,000 193,000  416,000 149,000 36,000  30,000 38,000 51,000  60,000 -149,000 198,000  46,000 430,000 29,000  109,000 11,000 34,000  32,000 79,000 2,170,000  561,000 45,000 299,000                       
      net repayment under line of credit agreements
    		                          -18,149,000                -19,269,000    -21,696,000    -13,647,000  19,239,000 -1,509,000 -17,501,000  18,071,000 -7,677,000 -19,740,000  -22,981,000 0 -88,000           2,500,001 -7,329,054       
      net cash provided (used) by financing activities
    		                          4,769,000                                      6,214,000    4,142,370       11,511,320      
      realized loss on sale of assets/investments/commodity contracts
    		                                                                                 
      net borrowing under line of credit agreements
    		                                                                                 
      realized gain on commodity contracts/sale of assets/investments
    		                              3,416,000          275,000 154,000 -840,000                                       
      (purchase) issuance of stock under the dividend reinvestment plan
    		                            -190,000 -164,000 -164,000                                                   
      stock issuance
    		                                                                                 
      net borrowing (repayment) under line of credit agreements and short-term borrowing under the revolver
    		                                                                                 
      proceeds from long-term debt and long-term borrowing under the revolver
    		                            -15,000                                                     
      net cash provided in financing activities
    		                                                                                 
      realized loss on commodity contracts/sale of assets/investments
    		                                 893,000 1,330,000                                               
      net repayment under line of credit agreements and short-term borrowing under the revolver
    		                             7,900,000 -24,213,000                                                   
      net cash provided (used) in financing activities
    		                                                                                 
      unrealized loss on investments/commodity contracts
    		                              44,000    132,000    18,000    21,000                                       
      proceeds from long-term debt under the revolver
    		                              25,000,000                                                   
      repayment of long term debt and capital lease obligation
    		                              -428,000                                                   
      realized (gain) loss on sale of assets/investments
    		                                                                                 
      unrealized loss/(gain) on investments/commodity contracts
    		                                                                                 
      net (repayment) borrowing under line of credit agreements
    		                                 -50,785,000 -11,125,000                                               
      net cash used by financing activities
    		                                 6,687,000 -16,239,000                                -25,238,000        -8,707,921   6,279,007 -12,548,092 20,580,109 8,531,470 
      goodwill & long-lived asset impairment
    		                                                                                 
      realized gain on sale of assets/investments
    		                                                                                 
      change in intangibles
    		                                                                                 
      net cash used by investing activities
    		                                                               -3,436,000 -7,731,000 -7,844,000 -4,132,000 -7,108,784 -8,487,632      -8,425,676 -20,516,483 -12,099,426 -9,329,478 -6,915,990 -14,557,808 -6,399,307 
      issuance (purchase) of stock for dividend reinvestment plan
    		                                                            137,000 116,000 152,000                   
      net borrowing (repayment) under line of credit agreements
    		                                     4,327,000 839,000 46,280,000 31,784,000   17,481,000 22,996,000   13,343,000 17,258,000               19,575,000 7,613,000 -7,800,000 -23,200,000             24,827,231  
      proceeds from sale of investments
    		                                               0                                  
      purchase of stock for dividend reinvestment plan
    		                                          27,000 95,000 132,000 -51,000 -341,000 -341,000 -346,000 -329,000 -326,000  -327,000 -292,000 -327,000                           
      other liabilities
    		                                                  -173,000 -328,000 -3,268,000 -344,000 367,000 -315,000 -130,000 132,000 -400,000 -4,000 -288,000 -24,000 503,000 757,000 176,000 179,000 -38,000 51,173   3,868,941,000 -6,277 -167,004 30,804 -15,222 1,211,444      
      acquisitions
    		                                               -834,000                                  
      gain on sale of assets
    		                                            -16,000 -412,000 -8,000    -8,000                     0 0         
      unrealized (gain) loss on commodity contracts
    		                                            5,000 -6,000 68,000 60,000 -124,000 61,000 -214,000 192,000   60,000                           
      unrealized (gain) loss on investments
    		                                                                                 
      realized gain on sales of investments
    		                                                -392,000 -241,000 -69,000                               
      employee benefits
    		                                            157,000 157,000 162,000  250,000 247,000 211,000  126,000 183,000 126,000  -916,000 -188,000 497,000  -211,000 -111,000 -272,000  419,000 565,000 412,000               
      purchase of investments
    		                                            21,000    -38,000 -391,000 -7,000  0 -95,000 -29,000  -100,000 -156,000 -44,000 2,011,000 -2,177,000 179,000 -310,000            -27,014    -44,183   
      regulatory assets
    		                                            -2,987,000 -2,462,000 -2,788,000 763,000 -2,879,000 869,000 852,000 501,000 -225,000 -1,130,000 1,106,000 -1,286,000 361,000 113,000 488,000 -280,000 -259,000 -443,000 1,669,000 -660,000 -1,491,000 -295,000 604,000 187,533   1,355,059,000 -557,415 -384,619 -76,500 673,854 -1,230,372 -97,158 438,203 3,388,281 -2,405,464 -716,767 
      regulatory liabilities
    		                                            -3,047,000 -1,164,000 2,925,000 -1,965,000 -900,000 -123,000 5,711,000 -1,123,000 -1,238,000 -3,658,000 799,000 -993,000 -4,421,000 -1,485,000 4,372,000 212,000 -741,000 -2,120,000 3,314,000 -1,108,000 -1,275,000 -1,903,000 5,357,000 -264,978   6,461,459,000 -61,270 387,264 -683,722 2,481,819 38,069 675,746 271,169 1,839,084 -1,855,421 -218,009 
      unrealized gain on investments
    		                                             -115,000 -37,000   241,000 -283,000 -50,000 101,000 -185,000 -317,000 -231,000   -143,000  -73,000 111,000 -51,000  -142,000        -18,106 -160,247 -27,956   12,822 -69,450   
      income taxes receivable and payable
    		                                             -8,260,000 11,565,000                                   
      sale (purchase) of investments
    		                                              184,000     -9,000 -60,000   -39,000 441,000      -30,000    34,000 -68,139    56,183 101,510       -58,674  
      (gain) loss on sale of assets
    		                                               -10,000 -103,000   75,000   -36,000 -4,000                          
      realized gain on sale of investments
    		                                                   -68,000                              
      other deferred charges
    		                                                               -153,000 6,000   251,210   3,928,526,000 -676,800 -396,076 -701,904 -703,099 -266,923 6,718 1,442 26,941 -61,772 4,812 
      long-term receivables
    		                                                                   42,764   646,558,000 23,854 8,242 17,903 33,654 28,493 20,965 30,002 57,641 106,378 29,540 
      other short-term borrowing
    		                                                       0 0   0                      
      purchase of investments and acquisitions
    		                                                                                 
      purchase of investments and acquisition
    		                                                  -2,437,000                               
      share based compensation
    		                                                                 344,000 241,000 281,189              
      (purchase) issuance of stock for dividend reinvestment plan
    		                                                       -324,000 -311,000 -302,000 -307,000                       
      loss on sale of assets
    		                                                         37,000 57,000                       
      unrealized loss on commodity contracts
    		                                                                  1,294,000          -609,200 -43,624 -56,091   
      cash acquired in the merger, net of cash paid
    		                                                                                 
      (purchases of) proceeds from investments
    		                                                                                 
      unrealized gain on commodity contracts
    		                                                          -83,000  -69,000 -159,000 -215,000         624,280 -497,853 -63,296 -233,596     403,367 -424,669 
      proceeds from investments
    		                                                                                 
      unrealized loss on investments
    		                                                                  94,000         -86,142      
      cash settlement of warrants
    		                                                                           0      
      common stock
    		                                                                                 
      balance — beginning of period
    		                                                                      3,298,473,000           
      dividend reinvestment plan
    		                                                                      3,541,000           
      retirement savings plan
    		                                                                      1,074,000           
      conversion of debentures
    		                                                                      371,000           
      performance shares and options exercised
    		                                                                      9,166,000           
      balance — end of period
    		                                                                      3,312,625,000           
      additional paid-in capital
    		                                                                      65,701,851,000           
      stock-based compensation
    		                                                                      -188,558,000           
      retained earnings
    		                                                                      57,104,623,000           
      cash dividends declared
    		                                                                      -2,007,914,000           
      accumulated other comprehensive loss
    		                                                                      -851,674,000           
      loss on funded status of employee benefit plans, net of tax
    		                                                                                 
      deferred compensation obligation
    		                                                                      1,448,232,000           
      new deferrals
    		                                                                      44,310,000           
      treasury stock
    		                                                                      -1,448,232,000           
      new deferrals related to compensation obligation
    		                                                                      -44,310,000           
      purchase of treasury stock
    		                                                                      -193,853,000           
      sale and distribution of treasury stock
    		                                                                      193,853,000           
      total stockholders’ equity
    		                                                                      125,267,425,000           
      amount includes shares purchased in the open market for the company's rabbi trust to secure its
    		                                                                                 
      obligations under the company's deferred compensation plan and to fund its retirement savings plan.
    		                                                                                 
      amount includes shares issued to the company's rabbi trust as an obligation under the deferred
    		                                                                                 
      compensation plan and to fund its retirement savings plan.
    		                                                                                 
      chesapeake utilities corporation and subsidiaries
    		                                                                                 
      condensed consolidated balance sheets
    		                                                                                 
      assets
    		                                                                                 
      property, plant and equipment
    		                                                                                 
      natural gas
    		                                                                      292,502,187,000           
      propane
    		                                                                      49,368,064,000           
      advanced information services
    		                                                                      1,175,080,000           
      other plant
    		                                                                      9,325,062,000           
      total property, plant and equipment
    		                                                                      352,370,393,000           
      less: accumulated depreciation and amortization
    		                                                                      -94,287,329,000           
      plus: construction work in progress
    		                                                                      4,681,713,000           
      net property, plant and equipment
    		                                                                      262,764,777,000           
      investments
    		                                                                      1,848,377,000           
      current assets
    		                                                                                 
      cash and cash equivalents
    		                                                                      2,888,868,000           
      accounts receivable (less allowance for uncollectible
    		                                                                                 
      accounts of 900,830 and 952,075, respectively)
    		                                                                      72,478,022,000           
      accrued revenue
    		                                                                      4,876,484,000           
      propane inventory, at average cost
    		                                                                      5,664,495,000           
      other inventory, at average cost
    		                                                                      1,220,190,000           
      storage gas prepayments
    		                                                                      1,375,925,000           
      prepaid expenses
    		                                                                      2,494,694,000           
      mark-to-market energy assets
    		                                                                      322,799,000           
      other current assets
    		                                                                      146,448,000           
      total current assets
    		                                                                      95,220,071,000           
      deferred charges and other assets
    		                                                                                 
      goodwill
    		                                                                      674,451,000           
      other intangible assets
    		                                                                      174,622,000           
      total deferred charges and other assets
    		                                                                      8,152,177,000           
      total assets
    		                                                                      367,985,402,000           
      capitalization and liabilities
    		                                                                                 
      capitalization
    		                                                                                 
      stockholders' equity
    		                                                                      125,267,000           
      common stock, par value 0.4867 per share
    		                                                                                 
      total stockholders' equity
    		                                                                      125,267,425,000           
      long-term debt, net of current maturities
    		                                                                      63,222,636,000           
      total capitalization
    		                                                                      188,490,061,000           
      current liabilities
    		                                                                                 
      current portion of long-term debt
    		                                                                      6,656,364,000           
      short-term borrowing
    		                                                                      46,186,265,000           
      accounts payable
    		                                                                      41,700,860,000           
      dividends payable
    		                                                                      2,007,948,000           
      income taxes payable
    		                                                                      2,874,238,000           
      mark-to-market energy liabilities
    		                                                                      318,249,000           
      other accrued liabilities
    		                                                                      2,709,742,000           
      total current liabilities
    		                                                                      120,694,169,000           
      deferred credits and other liabilities
    		                                                                                 
      deferred investment tax credits
    		                                                                      267,129,000           
      environmental liabilities
    		                                                                      792,296,000           
      other pension and benefit costs
    		                                                                      2,524,503,000           
      accrued asset removal cost
    		                                                                      20,772,783,000           
      total deferred credits and other liabilities
    		                                                                      58,801,172,000           
      other commitments and contingencies
    		                                                                                 
      total capitalization and liabilities
    		                                                                      367,985,402,000           
      1.
    		                                                                                 
      2.
    		                                                                                 
      3.
    		                                                                                 
      for the three months ended march 31,
    		                                                                      2,008,000           
      calculation of basic earnings per share:
    		                                                                                 
      weighted-average shares outstanding
    		                                                                      6,795,309,000           
      basic earnings per share
    		                                                                      1,110           
      calculation of diluted earnings per share:
    		                                                                                 
      reconciliation of numerator:
    		                                                                                 
      effect of 8.25% convertible debentures
    		                                                                      22,808,000           
      adjusted numerator — diluted
    		                                                                      7,597,151,000           
      reconciliation of denominator:
    		                                                                                 
      weighted shares outstanding — basic
    		                                                                      6,795,309,000           
      effect of dilutive securities :
    		                                                                                 
      restricted stock
    		                                                                      4,669,000           
      8.25% convertible debentures
    		                                                                      107,146,000           
      adjusted denominator — diluted
    		                                                                      6,907,124,000           
      diluted earnings per share
    		                                                                      1,100           
      amounts associated with conversion of securities that result in an anti-dilutive effect
    		                                                                                 
      on earnings per share are not included in this calculation.
    		                                                                                 
      4.
    		                                                                                 
      5.
    		                                                                                 
      6.
    		                                                                                 
      operating revenues, unaffiliated customers
    		                                                                                 
      total operating revenues, unaffiliated customers
    		                                                                                 
      intersegment revenues
    		                                                                                 
      total intersegment revenues
    		                                                                                 
      operating income
    		                                                                      14,040,715,000           
      total operating income
    		                                                                      10,469,024,000           
      other income
    		                                                                      17,591,000           
      interest charges
    		                                                                      1,593,371,000           
      income taxes
    		                                                                      4,890,592,000           
      net income from continuing operations
    		                                                                      7,574,343,000           
      all significant intersegment revenues are billed at market rates and have been
    		                                                                                 
      identifiable assets
    		                                                                                 
      total identifiable assets
    		                                                                                 
      7.
    		                                                                                 
      service cost
    		                                                                                 
      interest cost
    		                                                                                 
      expected return on plan assets
    		                                                                                 
      amortization of prior service cost
    		                                                                                 
      amortization of net income
    		                                                                                 
      net periodic (benefit) cost
    		                                                                                 
      8.
    		                                                                                 
      9.
    		                                                                                 
      directors stock compensation plan
    		                                                                      45,893,000           
      performance incentive plan
    		                                                                      185,358,000           
      total compensation expense
    		                                                                      231,251,000           
      less: tax benefit
    		                                                                      92,081,000           
      sfas 123r amounts included in net income
    		                                                                      139,170,000           
      10.
    		                                                                                 
      common stock shares issued and outstanding
    		                                                                                 
      12,000,000 shares are authorized at a par value of 0.4867 per share.
    		                                                                                 
      includes shares purchased with reinvested dividends and optional cash payments.
    		                                                                                 
      includes shares issued for director's compensation and performance incentive plan.
    		                                                                                 
      includes 58,747 and 57,309 shares at march 31, 2008 and december 31, 2007, respectively, held
    		                                                                                 
      in a rabbi trust established by the company relating to the deferred compensation plan.
    		                                                                                 
      11.
    		                                                                                 
      assets:
    		                                                                                 
      liabilities:
    		                                                                                 
      12.
    		                                                                                 
      ·
    		                                                                                 
      continuing operations
    		                                                                      7,574,343,000           
      discontinued operations
    		                                                                                 
      total net income
    		                                                                      7,574,343,000           
      total earnings per share
    		                                                                      1,100           
      other & eliminations
    		                                                                      89,693,000           
      revenue
    		                                                                      68,928,383,000           
      cost of sales
    		                                                                      49,317,541,000           
      gross margin
    		                                                                      19,610,842,000           
      operations & maintenance
    		                                                                      6,714,372,000           
      depreciation & amortization
    		                                                                      1,191,538,000           
      other taxes
    		                                                                      1,235,908,000           
      other operating expenses
    		                                                                      9,141,818,000           
      statistical data — delmarva peninsula
    		                                                                                 
      heating degree-days
    		                                                                                 
      actual
    		                                                                      2,222,000           
      10-year average
    		                                                                      2,270,000           
      estimated gross margin per hdd
    		                                                                      1,937,000           
      per residential customer added:
    		                                                                                 
      estimated gross margin
    		                                                                      372,000           
      estimated other operating expenses
    		                                                                      106,000           
      residential customer information
    		                                                                                 
      average number of customers:
    		                                                                                 
      delmarva
    		                                                                      46,015,000           
      florida
    		                                                                      13,571,000           
      total
    		                                                                      59,586,000           
      operating income - other
    		                                                                      88,923,000           
      operating income - eliminations
    		                                                                      770,000           
      eliminations are entries required to eliminate activities between business segments from the consolidated results.
    		                                                                                 
      total capitalization, excluding short-term debt
    		                                                                      188,490,000           
      non-cash adjustments to net income
    		                                                                      3,421,128,000           
      changes in working capital
    		                                                                      -3,708,474,000           
      net cash from operating activties
    		                                                                      7,286,997,000           
      purchase obligations
    		                                                                                 
      commodities
    		                                                                      16,622,636,000           
      total purchase obligations
    		                                                                      26,990,630,000           
      at march 31, 2008
    		                                                                                 
      forward contracts
    		                                                                                 
      sale
    		                                                                      7,603,260,000           
      purchase
    		                                                                      7,140,000,000           
      estimated market prices and weighted-average contract prices are in dollars per gallon.
    		                                                                                 
      all contracts expire in 2008.
    		                                                                                 
      period
    		                                                                                 
      chesapeake purchased shares of stock on the open market for the purpose of reinvesting the dividend on deferred
    		                                                                                 
      stock units held in the rabbi trust accounts for certain senior executives under the deferred compensation plan.
    		                                                                                 
      the deferred compensation plan is discussed in detail in note k to the consolidated financial statements of the
    		                                                                                 
      company's form 10-k filed with the securities exchange commission on march 10, 2008. during the quarter,
    		                                                                                 
      546 shares were purchased through the reinvestment of dividends on deferred stock units.
    		                                                                                 
      commencing in february 2008, chesapeake purchased shares of stock on the open market for the purpose of
    		                                                                                 
      funding its retirement savings plan. during the quarter, 6,114 shares were purchased for this purpose.
    		                                                                                 
      exhibit
    		                                                                                 
      31.1
    		                                                                                 
      31.2
    		                                                                                 
      32.1
    		                                                                                 
      32.2
    		                                                                                 
      environmental recoveries
    		                                                                         -67,669 -68,284 -5,924 -11,245 -38,770 40,390   
      supplemental disclosures of non-cash investing activities:
    		                                                                                 
      capital property and equipment acquired on account,
    		                                                                                 
      but not paid as of december 31
    		                                                                                 
      supplemental disclosure of cash flow information
    		                                                                                 
      cash paid for interest
    		                                                                                 
      cash paid for income taxes
    		                                                                                 
      capital property and equipment acquired on account, but not paid as of september 30
    		                                                                                 
      capital property and equipment acquired on account, but not paid as of june 30
    		                                                                                 
      capital property and equipment acquired on account, but not paid as of march 31
    		                                                                          1,219,839       
      sale of investments
    		                                                                                 
      sale of discontinued operations
    		                                                                                 
      environmental and other liabilities
    		                                                                             -197,582 128,825 198,427 -53,431 
      net repayment of line of credit agreements
    		                                                                              -10,509,392   
      environmental recoveries and other
    		                                                                               34,647 36,705 
      net purchase of treasury stock
    		                                                                                 
      goodwill impairment
    		                                                                                 
      mark-to-market adjustments
    		                                                                                 
      accounts receivable
    		                                                                                 
      inventories, storage gas and materials
    		                                                                                 
      other current liabilities
    		                                                                                 
      other long-term liabilities
    		                                                                                 
      environmental recoveries, net of expenditures
    		                                                                                 
      issuance of stock:
    		                                                                                 
      dividend reinvestment plan optional cash net of issuance costs
    		                                                                                 
      the accompanying notes are an integral part of the financial statements.
    		                                                                                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.