Chesapeake Utilities Corporation
(NYSE:CPK)

Chesapeake Utilities Corporation operates as an energy delivery company. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula and Florida; ...

Website: http://www.chpk.com

Founded: 1859

Full Time Employees: 955

Sector: Utilities

Industry: Utilities-Regulated Gas

Utilities

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Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2008-08-11	2008-06-30	2007-12-31	2007-09-30	2007-08-09	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-09-30	2005-06-30	2005-03-31

operating revenues																																																																		44,267,750	31,758,000	40,834,000	104,479,000	291,224,448,527	49,698,013	69,056,959	69,056,959	70,838,967	41,418,718	52,501,920	52,501,920	93,526,891	60,804,636	35,141,530	44,303,752	90,950,673	35,155,121	42,220,377	77,845,249
regulated energy	249,300,000	190,000,000	146,400,000	151,800,000	199,600,000	153,716,000	130,633,000	130,625,000	168,426,000	127,773,000	102,411,000	101,141,000	142,270,000	118,360,000	90,980,000	92,193,000	127,891,000	101,417,000	80,396,000	80,910,000	121,197,000	93,511,000	82,762,000	73,518,000	102,955,000	91,405,000	74,580,000	73,403,000	103,618,000	92,614,000	72,770,000	70,504,000	109,393,000	87,957,000	69,703,000	70,996,000	97,654,000	79,059,000	70,019,000	67,395,000	89,216,000	66,464,000	63,796,000	62,060,000	109,582,000	77,274,000	59,356,000	61,646,000	102,166,000	72,174,000	55,680,000	55,216,000	81,566,000	66,163,000	52,196,000	55,553,000	72,296,000	63,655,000	53,789,000	54,327,000	85,002,000	72,155,000	53,412,000	52,740,000	91,626,000
unregulated energy	113,700,000	76,600,000	40,700,000	47,900,000	106,700,000	68,311,000	35,567,000	41,419,000	83,103,000																																57,080,000					43,596,000	27,071,000	34,321,000	79,973,000	47,445,000	28,262,000	36,025,000	54,991,000	39,726,000	23,259,000	25,176,000	44,887,000	37,422,000	23,721,000	29,692,000	58,750,000	42,775,000	20,134,000	24,615,000	59,269,000
other businesses and eliminations	-9,900,000	-7,700,000	-7,500,000	-6,900,000	-7,600,000	-6,981,000	-6,062,000	-5,772,000	-5,785,000
total operating revenues	353,100,000	258,900,000	179,600,000	192,800,000	298,700,000	215,046,000	160,138,000	166,272,000	245,744,000	185,335,000	131,547,000	135,593,000	218,129,000	187,301,000	131,053,000	139,470,000	222,880,000	160,364,000	107,335,000	111,082,000	191,187,000	137,038,000	101,419,000	97,051,000	152,710,000	131,974,000	92,626,000	130,903,000	227,616,000	201,190,000	140,279,000	136,664,000	239,356,000	180,403,000	126,936,000	125,084,000	185,160,000	141,874,000	108,348,000	102,342,000	146,296,000	104,568,000	91,913,000	92,682,000	170,081,000	120,380,000	91,619,000	100,497,000	186,337,000	122,887,000	86,545,000	94,146,000	140,729,000	109,515,000	78,175,000	83,897,000	120,914,000	103,988,000	80,610,000	86,831,000	146,597,000	117,759,000	76,466,000	80,061,000	153,260,000
yoy	18.21%	20.39%	12.15%	15.95%	21.55%	16.03%	21.73%	22.63%	12.66%	-1.05%	0.38%	-2.78%	-2.13%	16.80%	22.10%	25.56%	16.58%	17.02%	5.83%	14.46%	25.20%	3.84%	9.49%	-25.86%	-32.91%	-34.40%	-33.97%	-4.22%	-4.90%	11.52%	10.51%	9.26%	29.27%	27.16%	17.16%	22.22%	26.57%	35.68%	17.88%	10.42%	-13.98%	-13.14%	0.32%	-7.78%	-8.72%	-2.04%	5.86%	6.75%	32.41%	12.21%	10.71%	12.22%	16.39%	5.32%	-3.02%	-3.38%	-17.52%	-11.69%	5.42%	8.46%	-4.35%
qoq	36.38%	44.15%	-6.85%	-35.45%	38.90%	34.29%	-3.69%	-32.34%	32.59%	40.89%	-2.98%	-37.84%	16.46%	42.92%	-6.03%	-37.42%	38.98%	49.41%	-3.37%	-41.90%	39.51%	35.12%	4.50%	-36.45%	15.71%	42.48%	-29.24%	-42.49%	13.13%	43.42%	2.65%	-42.90%	32.68%	42.12%	1.48%	-32.45%	30.51%	30.94%	5.87%	-30.04%	39.91%	13.77%	-0.83%	-45.51%	41.29%	31.39%	-8.83%	-46.07%	51.63%	41.99%	-8.07%	-33.10%	28.50%	40.09%	-6.82%	-30.61%	16.28%	29.00%	-7.16%	-40.77%	24.49%	54.00%	-4.49%	-47.76%
operating expenses
regulated natural gas and electric costs	101,600,000	34,325,000	31,700,000	34,100,000	71,500,000									22,066,000	21,248,000	21,573,000	45,442,000
unregulated propane and natural gas costs	45,300,000	17,850,000	10,700,000	15,900,000	44,800,000									25,059,000	22,958,000	25,543,000	51,738,000
operations	67,300,000	62,800,000	53,600,000	54,900,000	58,000,000	56,682,000	49,519,000	52,339,000	51,560,000	50,290,000	41,217,000	42,163,000	44,767,000	43,524,000	40,182,000	38,002,000	42,794,000	38,408,000	34,075,000	36,371,000	39,437,000	36,539,000	34,959,000	34,607,000	35,992,000	38,248,000	32,623,000	32,696,000	37,144,000	36,637,000	32,821,000	36,281,000	32,702,000	34,581,000	29,667,000	30,408,000	32,913,000	32,201,000	30,126,000	28,087,000	27,159,000	28,040,000	26,388,000	26,190,000	26,945,000	25,593,000	25,365,000	24,615,000	26,626,000	25,574,000	21,300,000	22,822,000	21,754,000	21,556,000	20,804,000	20,071,000	19,955,000	20,014,000	19,560,000	20,401,000	19,837,000	20,487,000	17,993,000	18,160,000	18,695,000	15,886,000	11,001,000	11,575,000	12,359,000	43,443,940,701	10,341,082	10,742,546	10,742,546	10,903,223	10,530,152	10,316,296	10,316,296	10,559,701	9,153,494	9,446,616	8,851,831	9,601,281	9,842,393	9,433,560	10,107,515
maintenance	8,000,000	6,400,000	6,100,000	6,000,000	5,400,000	5,974,000	5,062,000	5,561,000	5,903,000	4,914,000	5,125,000	5,258,000	5,104,000	4,903,000	4,501,000	4,507,000	4,264,000	4,225,000	4,267,000	4,259,000	4,042,000	3,892,000	3,717,000	4,143,000	3,836,000	4,480,000	3,920,000	3,600,000	3,681,000	3,968,000	3,208,000	3,619,000	3,593,000	3,331,000	2,737,000	3,403,000	3,231,000	3,466,000	3,542,000	2,904,000	2,479,000	3,770,000	2,603,000	2,727,000	2,703,000	2,538,000	2,562,000	2,457,000	2,148,000	1,821,000	2,146,000	1,820,000	1,722,000	1,788,000	1,801,000	1,858,000	1,976,000	1,825,000	2,029,000	1,892,000	1,702,000	2,096,000	1,899,000	1,789,000	1,700,000	1,498,000	600,000	716,000	615,000	2,213,478,562	655,889	503,223	503,223	546,581	512,201	564,854	564,854	580,165	562,599	513,356	583,638	443,968	461,586	488,659	329,575
depreciation and amortization	21,500,000	24,000,000	23,300,000	21,900,000	22,500,000	13,956,000	16,851,000	17,877,000	17,016,000	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	15,298,000	15,365,000	15,324,000	18,293,000	12,247,000	12,252,000	11,811,000	11,219,000	11,609,000	11,074,000	10,626,000	10,633,000	9,839,000	9,704,000	9,332,000	9,362,000	9,094,000	8,812,000	8,666,000	8,209,000	7,780,000	7,503,000	7,817,000	7,636,000	7,543,000	6,975,000	6,170,000	6,774,000	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	2,437,000	2,413,000	2,384,000	8,998,215,521	2,267,471	2,225,344	2,225,344	2,231,942	2,144,926	2,367,523	2,367,523	2,315,795	2,185,186	2,044,179	2,037,003	1,977,347	1,889,266	1,911,120	1,900,971
other taxes	10,000,000	8,900,000	9,000,000	9,200,000	9,400,000	9,899,000	8,768,000	8,691,000	9,542,000	7,951,000	6,374,000	6,730,000	7,571,000	6,475,000	6,177,000	6,160,000	6,800,000	6,119,000	5,716,000	5,875,000	6,449,000	5,880,000	5,133,000	5,247,000	5,649,000	4,719,000	5,178,000	4,899,000	5,505,000	4,909,000	4,420,000	4,404,000	4,894,000	4,513,000	4,071,000	3,971,000	4,530,000	4,005,000	3,488,000	3,390,000	3,846,000	3,607,000	3,257,000	3,156,000	3,587,000	3,397,000	3,151,000	3,118,000	3,673,000	3,428,000	3,719,000	3,487,000	3,178,000	2,435,000	2,535,000	2,334,000	2,884,000	2,238,000	2,332,000	2,523,000	2,919,000	3,188,000	2,479,000	2,431,000	2,966,000	2,206,000	1,722,000	1,717,000	1,933,000	6,467,468,445	1,612,548	1,477,063	1,477,063	1,483,793	1,418,903	1,332,249	1,332,249	1,553,312	1,155,003	1,216,684	1,120,384	1,566,088	1,129,628	1,151,132	1,449,915
fcg transaction and transition-related expenses		200,000	200,000	500,000	300,000	886,000	819,000	1,374,000	921,000
total operating expenses	253,700,000	185,100,000	134,600,000	142,500,000	211,900,000	148,139,000	119,220,000	125,482,000	166,159,000	138,020,000	111,319,000	107,247,000	163,214,000	144,349,000	112,405,000	113,001,000	168,015,000	123,540,000	87,222,000	88,504,000	139,590,000	101,833,000	84,013,000	79,074,000	110,597,000	102,331,000	78,268,000	113,467,000	183,623,000	172,260,000	128,243,000	123,416,000	198,950,000	157,140,000	112,697,000	111,418,000	150,484,000	120,055,000	98,192,000	86,600,000	109,916,000	88,397,000	81,004,000	79,512,000	132,573,000	107,973,000	83,827,000	90,040,000	154,714,000	104,575,000	77,825,000	84,994,000	114,179,000	90,972,000	70,611,000	73,442,000	100,841,000	88,492,000	75,016,000	79,055,000	121,758,000	103,571,000	71,883,000	72,300,000	127,862,000	79,056,000	29,501,000	37,978,000	88,513,000	262,765,055,075	48,527,620	64,727,520	64,727,520	62,022,657	40,433,084	48,813,861	48,813,861	78,944,840	52,678,058	34,979,393	41,098,384	79,513,445	35,254,270	39,895,432	66,340,906
operating income	99,400,000	73,800,000	45,000,000	50,300,000	86,800,000	66,907,000	40,918,000	40,790,000	79,585,000	47,315,000	20,228,000	28,346,000	54,915,000	42,952,000	18,648,000	26,469,000	54,865,000	36,824,000	20,113,000	22,578,000	51,597,000	35,205,000	17,406,000	17,977,000	42,113,000	29,643,000	14,358,000	17,436,000	43,993,000	28,930,000	12,036,000	13,248,000	40,406,000	23,263,000	14,239,000	13,666,000	34,676,000	21,819,000	10,156,000	15,742,000	36,380,000	16,171,000	10,909,000	13,170,000	37,508,000	12,407,000	7,792,000	10,457,000	31,623,000	18,312,000	8,720,000	9,152,000	26,550,000	18,543,000	7,564,000	10,455,000	20,073,000	15,496,000	5,594,000	7,776,000	24,839,000	14,188,000	4,583,000	7,761,000	25,398,000	12,658,000	2,257,000	2,856,000	15,966,000	28,459,393,452	1,170,393	4,329,439	4,329,439	8,816,310	985,634	3,688,059	3,688,059	14,582,051	8,126,578	162,137	3,205,368	11,437,228	-99,149	2,324,945	11,504,343
yoy	14.52%	10.30%	9.98%	23.31%	9.07%	41.41%	102.28%	43.90%	44.92%	10.16%	8.47%	7.09%	0.09%	16.64%	-7.28%	17.23%	6.33%	4.60%	15.55%	25.59%	22.52%	18.76%	21.23%	3.10%	-4.27%	2.46%	19.29%	31.61%	8.88%	24.36%	-15.47%	-3.06%	16.52%	6.62%	40.20%	-13.19%	-4.68%	34.93%	-6.90%	19.53%	-3.01%	30.34%	40.00%	25.94%	18.61%	-32.25%	-10.64%	14.26%	19.11%	-1.25%	15.28%	-12.46%	32.27%	19.66%	35.22%	34.45%	-19.19%	9.22%	22.06%	0.19%	-2.20%	12.09%	103.06%	171.74%	59.08%	-99.96%	92.84%	-34.03%	268.78%	322703.91%	18.75%	17.39%	17.39%	-39.54%	-87.87%	2174.66%	15.06%	27.50%	-8296.33%	-93.03%	-72.14%
qoq	34.69%	64.00%	-10.54%	-42.05%	29.73%	63.51%	0.31%	-48.75%	68.20%	133.91%	-28.64%	-48.38%	27.85%	130.33%	-29.55%	-51.76%	48.99%	83.09%	-10.92%	-56.24%	46.56%	102.26%	-3.18%	-57.31%	42.07%	106.46%	-17.65%	-60.37%	52.07%	140.36%	-9.15%	-67.21%	73.69%	63.38%	4.19%	-60.59%	58.93%	114.84%	-35.48%	-56.73%	124.97%	48.24%	-17.17%	-64.89%	202.31%	59.23%	-25.49%	-66.93%	72.69%	110.00%	-4.72%	-65.53%	43.18%	145.15%	-27.65%	-47.92%	29.54%	177.01%	-28.06%	-68.69%	75.07%	209.58%	-40.95%	-69.44%	100.65%	460.83%	-20.97%	-82.11%	-99.94%	2431510.02%	-72.97%	0.00%	-50.89%	794.48%	-73.27%	0.00%	-74.71%	79.44%	4912.17%	-94.94%	-71.97%	-11635.39%	-104.26%	-79.79%
operating margin %	28.15%	28.51%	25.06%	26.09%	29.06%	31.11%	25.55%	24.53%	32.39%	25.53%	15.38%	20.91%	25.18%	22.93%	14.23%	18.98%	24.62%	22.96%	18.74%	20.33%	26.99%	25.69%	17.16%	18.52%	27.58%	22.46%	15.50%	13.32%	19.33%	14.38%	8.58%	9.69%	16.88%	12.90%	11.22%	10.93%	18.73%	15.38%	9.37%	15.38%	24.87%	15.46%	11.87%	14.21%	22.05%	10.31%	8.50%	10.41%	16.97%	14.90%	10.08%	9.72%	18.87%	16.93%	9.68%	12.46%	16.60%	14.90%	6.94%	8.96%	16.94%	12.05%	5.99%	9.69%	16.57%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%
other income		8,400,000	200,000	400,000	600,000	295,000	400,000	1,110,000	195,000	402,000	-72,000	831,000	276,000	597,000	957,000	2,584,000	913,000	-459,000	339,000	1,456,000	385,000	225,000	-40,000	-279,000	3,318,000				-45,000				68,000	-122,000	239,000			-373,000	-28,000		-34,000
interest charges	18,700,000	18,400,000	18,200,000	17,800,000	18,100,000	17,539,000	17,022,000	16,813,000	17,026,000	15,679,000	7,076,000	6,964,000	7,232,000	6,952,000	6,240,000	5,825,000	5,339,000	5,001,000	4,975,000	5,054,000	5,105,000	6,313,000	4,584,000	5,054,000	5,814,000	5,641,000	5,403,000	5,655,000	5,710,000	4,455,000	4,430,000	3,881,000	3,664,000	3,512,000	3,321,000	3,073,000	2,739,000	2,643,000	2,722,000	2,624,000	2,650,000	2,581,000	2,492,000	2,485,000	2,448,000	2,528,000	2,495,000	2,303,000	2,155,000	2,120,000	2,026,000	2,016,000	2,072,000	2,090,000	2,126,000	2,241,000	2,291,000	2,346,000	2,389,000	2,114,000	2,150,000	2,222,000	2,256,000	2,305,000	2,363,000	2,331,000	1,540,000	1,573,000	1,642,000	6,153,082,082	1,487,812	1,388,735	1,388,735	1,700,091	1,695,597	1,594,701	1,594,701	1,599,250	1,441,768	1,340,879	1,501,352	1,493,337	1,272,196	1,273,166	1,277,778
income before income taxes	80,700,000	63,800,000	27,000,000	32,900,000	69,300,000	49,663,000	24,296,000	25,087,000	62,754,000	32,038,000	13,080,000	22,213,000	47,959,000	21,757,750	13,365,000	23,228,000	50,439,000											11,465,000	38,238,000	24,064,000	7,595,000	9,105,000	36,810,000	19,629,000	11,157,000	9,986,000	31,660,000	18,803,000	7,406,000	13,110,000	33,696,000	13,886,000	8,453,000	10,514,000	35,193,000	16,739,000	5,265,000	8,559,000	29,474,000	16,151,000	6,795,000	7,160,000	24,767,000	16,512,000	5,302,000	8,367,000	17,978,000	13,357,000	3,854,000	5,689,000	22,711,000	11,955,000	2,429,000	5,445,000	23,150,000	10,473,000	691,000	1,295,000	14,357,000	22,409,360,905	-409,050	3,004,211	3,004,211	7,130,330	-723,444	2,327,553	2,327,553	13,036,175	6,743,714	-1,190,833	1,767,731	10,022,474	-1,351,852	1,280,260	10,308,945
income taxes	21,400,000	17,700,000	7,600,000	9,000,000	18,400,000	13,009,000	6,789,000	6,816,000	16,586,000	6,710,000	3,673,000	6,080,000	11,615,000	5,846,250	3,703,000	6,177,000	13,506,000											3,161,000	9,574,000	6,263,000	2,057,000	2,718,000	9,955,000	-6,472,000	4,324,000	3,940,000	12,516,000	6,940,000	2,990,000	5,081,000	13,329,000	5,267,000	3,334,000	4,220,000	14,084,000	6,642,000	2,085,000	3,425,000	11,793,000	6,468,000	2,916,000	2,804,000	9,898,000													4,282,000		489,000	5,764,000	8,811,296,873		1,185,287	1,185,287	3,051,736	-363,474	845,762	845,762	5,045,087	2,809,535	-534,254	635,222	3,926,059	-658,078	484,336	4,076,149
net income	59,300,000	46,100,000	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	9,662,000	17,051,000	36,933,000	22,712,000	12,475,000	13,813,000	34,466,000	22,352,000	9,261,000	10,956,000	28,930,000	22,564,000	5,621,000	8,304,000	28,664,000	17,801,000	5,538,000	6,387,000	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	5,119,000	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	308,000	806,000	8,593,000	13,598,064,032	-198,298	1,818,924	1,818,924	4,080,729	-355,898	1,481,791	1,481,791	7,991,088	3,934,179	-656,579	1,132,509	6,096,415	-693,774	795,924	6,232,796
yoy	16.50%	25.77%	10.81%	30.81%	10.25%	44.72%	86.11%	13.25%	27.03%	-3.14%	-2.64%	-5.38%	-1.59%	15.14%	-22.55%	23.44%	7.16%	1.61%	34.70%	26.08%	19.14%	-0.94%	64.76%	31.94%	0.93%	26.76%	1.50%	30.01%	6.74%	-31.80%	-18.95%	5.64%	40.28%	120.02%	54.73%	-24.70%	-6.00%	37.64%	-13.73%	27.57%	-3.52%	-14.64%	60.97%	22.59%	19.39%	4.28%	-18.02%	17.86%	18.91%	-1.77%	20.50%	-13.91%	38.61%	23.86%	34.29%	43.75%	-21.97%	11.86%	47.24%	5.39%	-1.62%	14.91%	428.57%	314.39%	62.62%	-99.95%	-255.32%	-55.69%	372.42%	333126.34%	-44.28%	22.75%	22.75%	-48.93%	-109.05%	-325.68%	30.84%	31.08%	-667.07%	-182.49%	-81.83%
qoq	28.63%	137.63%	-18.83%	-53.05%	38.87%	109.37%	-4.18%	-60.42%	82.28%	169.25%	-41.69%	-55.61%	38.98%	170.65%	-43.33%	-53.83%	62.61%	82.06%	-9.69%	-59.92%	54.20%	141.36%	-15.47%	-62.13%	28.21%	301.42%	-32.31%	-71.03%	61.02%	221.43%	-13.29%	-76.22%	2.89%	281.98%	13.02%	-68.42%	61.38%	168.64%	-45.00%	-60.58%	136.30%	68.37%	-18.67%	-70.18%	109.06%	217.52%	-38.06%	-70.96%	82.60%	149.63%	-10.95%	-70.70%	50.85%	206.21%	-36.38%	-52.83%	34.80%	232.00%	-31.90%	-74.39%	93.24%	336.98%	-51.26%	-76.10%	125.71%	1910.06%	-61.79%	-90.62%	-99.94%	-6857488.39%	-110.90%	0.00%	-55.43%	-1246.60%	-124.02%	0.00%	-81.46%	103.12%	-699.19%	-157.98%	-81.42%	-978.73%	-187.17%	-87.23%
net income margin %	16.79%	17.81%	10.80%	12.40%	17.04%	17.04%	10.93%	10.99%	18.79%	13.67%	7.15%	11.90%	16.66%	13.96%	7.37%	12.23%	16.57%	14.16%	11.62%	12.43%	18.03%	16.31%	9.13%	11.29%	18.94%	17.10%	6.07%	6.34%	12.59%	8.85%	3.95%	4.67%	11.22%	14.47%	5.38%	4.83%	10.34%	8.36%	4.08%	7.85%	13.92%	8.24%	5.57%	6.79%	12.41%	8.39%	3.47%	5.11%	9.49%	7.88%	4.48%	4.63%	10.57%	9.00%	4.12%	6.03%	8.87%	7.65%	2.97%	4.05%	9.38%	6.04%	2.13%	4.17%	9.12%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%
weighted-average common shares outstanding:
basic	23,937,000,000	23,389,000,000	23,526,000,000	23,307,000,000	22,957,000,000	22,469,000,000	22,501,000	22,284,000	22,250,000	18,370,758,000	17,796,741,000	17,794,320,000	17,759,896,000	17,722,227,000	17,737,984,000	17,730,833,000	17,678,060,000	17,558,078,000	17,582,115,000	17,546,346,000	17,485,866,000	16,711,579,000	16,533,748,000	16,448,490,000	16,414,773,000	16,398,443,000	16,403,776,000	16,401,028,000	16,384,927,000	16,369,616,000	16,378,545,000	16,369,641,000	16,351,338,000	16,336,789,000	16,344,442,000	16,340,665,000	16,317,224,000	15,570,539,000	15,372,413,000	15,315,020,000	15,286,842,000	15,094,423,000	15,258,819,000	15,235,860,000	14,604,841,000	14,551,308,000	14,574,678,000	9,704,161,000	9,658,431,000	9,620,641,000	9,625,435,000	9,621,580,000	9,601,529,000	9,586,144,000	9,592,417,000	9,586,159,000	9,571,270,000	9,555,799,000	9,564,012,000	9,557,707,000	9,535,381,000	9,474,554,000	9,493,425,000	9,467,222,000	9,419,932,000	7,313,320,000	6,883,070,000	6,862,248,000	6,832,675,000	6,811,848,000	6,815,886	6,812,474	6,812,474	6,743,041
diluted	24,053,000,000	23,488,000,000	23,629,000,000	23,402,000,000	23,041,000,000	22,531,000,000	22,564,000	22,335,000	22,306,000	18,434,857,000	17,857,784,000	17,852,024,000	17,831,772,000	17,804,294,000	17,819,373,000	17,809,871,000	17,761,119,000	17,633,029,000	17,659,643,000	17,616,496,000	17,553,167,000	16,770,735,000	16,592,842,000	16,503,603,000	16,471,827,000	16,448,486,000	16,453,867,000	16,445,743,000	16,432,852,000	16,419,870,000	16,428,439,000	16,417,082,000	16,402,985,000	16,383,352,000	16,389,635,000	16,382,207,000	16,363,796,000	15,613,091,000	15,412,783,000	15,352,702,000	15,331,912,000	15,143,373,000	15,306,843,000	15,280,657,000	14,656,310,000	14,604,944,000	14,616,665,000	9,737,852,000	9,693,434,000	9,695,630,000	9,702,334,000	9,695,470,000	9,678,950,000	9,671,507,000	9,676,658,000	9,681,597,000	9,666,885,000	9,651,058,000	9,657,970,000	9,650,887,000	9,633,796,000	9,582,374,000	9,497,696,000	9,557,352,000	9,524,298,000	7,440,201,000	6,888,024,000	6,868,717,000	6,943,129,000	6,927,483,000	6,817,536	6,920,042	6,920,042	6,854,716
earnings per share of common stock:
basic	2.48	1.95	0.82	1.03	2.22	1.61	0.78	0.82	2.07	1.27	0.53	0.91	2.05	1.48	0.54	0.96	2.09											0.51	1.75	1.09	0.34	0.39	1.64	1.6	0.42	0.37	1.17	0.73	0.29	0.52	1.33	0.57	0.34	0.41	1.45	0.69	0.22	0.53	1.83	1.01	0.4	0.45	1.55	1.03	0.34	0.53	1.12	0.83	0.25	0.37	1.44	0.75	0.17	0.35	1.48	0.353	0.04	0.12	1.26							0.22	0.22	1.19	0.278	-0.11	0.19	1.03
diluted	2.47	1.94	0.82	1.02	2.21	1.6	0.78	0.82	2.07	1.26	0.53	0.9	2.04	0.895	0.54	0.96	2.08											0.5	1.74	1.09	0.34	0.39	1.64	1.59	0.42	0.37	1.17	0.72	0.29	0.52	1.33	0.56	0.33	0.41	1.44	0.69	0.22	0.53	1.82	1	0.4	0.45	1.54	1.02	0.33	0.52	1.11	0.83	0.25	0.37	1.43	0.75	0.17	0.35	1.47	0.35	0.04	0.12	1.24							0.22	0.22	1.18	0.275	-0.11	0.19	1.01
natural gas and electric costs						26,415,500	28,366,000	27,378,000	49,918,000	26,423,000	26,518,000	23,886,000	55,288,000
propane and natural gas costs						22,204,000	9,835,000	12,262,000	31,299,000	20,688,000	10,576,000	11,907,000	33,301,000
unregulated energy and other										34,861,750	29,136,000	34,452,000	75,859,000	45,584,750	40,073,000	47,277,000	94,989,000	31,775,250	26,939,000	30,172,000	69,990,000	22,981,250	18,657,000	23,533,000	49,755,000	24,007,250	18,046,000	57,500,000	123,998,000	65,908,000	67,509,000	66,160,000	129,963,000	49,706,750	57,233,000	54,088,000	87,506,000	32,589,000	38,329,000	34,947,000		29,809,500	28,117,000	30,622,000	60,499,000
transaction-related expenses										974,750	3,899,000
regulated energy cost of sales																		18,196,250	15,294,000	14,447,000	43,043,000	24,504,000	16,271,000	16,387,000	34,832,000	28,351,000	19,619,000	18,317,000	36,516,000	32,087,000	21,501,000	20,010,000	48,231,000	31,563,000	22,794,000	24,167,000	40,244,000	28,425,000	24,644,000	21,635,000	34,905,000	21,400,000	23,161,000	21,124,000	57,129,000	32,540,000	23,040,000	24,672,000	54,307,000	32,497,000	22,591,000	22,115,000	41,615,000	30,195,000	22,102,000	23,433,000	35,672,000	29,428,000	25,811,000	24,882,000	47,990,000	38,895,000	27,148,000	24,406,000	53,768,000
unregulated energy and other cost of sales																		13,894,500	12,072,000	12,254,000	31,254,000	15,694,000	5,640,000	6,573,000	18,036,000	14,722,000	5,709,000	42,476,000	89,703,000	84,033,000	55,660,000	49,393,000	99,826,000	73,820,000	44,066,000	40,505,000	60,754,000	43,292,000	28,183,000	22,934,000	34,024,000	23,763,000	17,959,000	20,272,000	35,234,000	30,854,000	22,935,000	28,442,000	61,325,000	35,361,000	21,795,000	28,773,000	40,090,000	29,901,000	17,602,000	19,861,000	34,593,000	29,770,000	20,306,000	24,420,000	44,289,000	33,385,000	17,238,000	20,384,000	45,091,000
gain from settlement
income from continuing operations before income taxes																		31,364,000	15,477,000	18,980,000	46,877,000	29,117,000	12,782,000	12,644,000	39,617,000	22,901,000	8,605,000
income taxes on continuing operations																		8,668,000	2,993,000	5,165,000	12,405,000	7,456,000	3,502,000	1,983,000	10,591,000	5,736,000	2,360,000
income from continuing operations																		22,696,000	12,484,000	13,815,000	34,472,000	21,661,000	9,280,000	10,661,000	29,026,000	17,165,000	6,245,000																																											13,598,064,032	-198,298	1,818,924	1,818,924	4,078,594	-359,970								-693,774	795,924	6,232,796
income from discontinued operations, net of tax																		16,000	-9,000	-2,000		521,000	-19,000	295,000
basic earnings per share of common stock:
earnings from continuing operations																		0.865	0.71	0.79	1.97	0.743	0.56	0.65	1.77	0.67	0.38
earnings from discontinued operations																						0.003		0.02		-0.02	-0.04
basic earnings per share of common stock																		1.29	0.71	0.79	1.97	1.3	0.56	0.67	1.76	1.37	0.34
diluted earnings per share of common stock:
diluted earnings per share of common stock																		1.28	0.71	0.78	1.96	1.29	0.56	0.66	1.76	1.37	0.34
loss from discontinued operations, net of tax																					-6,000				-96,000	-3,000	-624,000
loss from discontinued operations																									-0.01
gain from a settlement																								-130,000				-130,000				-130,000				-130,000		-32,500		-130,000		-375,000		-1,500,000
other expense																										-1,101,000	-350,000	-316,000		-411,000	-11,000	-262,000				-607,000	-277,000			-8,000
cash dividends declared per share of common stock																														0.37	0.37	0.37	0.325	0.325	0.325	0.325	0.305	0.305	0.305	0.305	0.288	0.288	0.288	0.288	0.27	0.27	0.27	0.405	0.385	0.385	0.385	0.385	0.365	0.36	0.365	0.365	0.345	0.345	0.345	0.345	0.33	0.33	0.33	0.33	0.315	0.315	0.315
other income, net of other incomes																																										-750	36,000														196,000												33,000	103,049,535		63,507	63,507	14,111
other income, net of other expenses																																												-171,000	133,000	-279,000	-32,000	405,000	6,000	-41,000	101,000	24,000	289,000													4,750		12,000
other																																														-490,000	5,192,000	4,530,000	4,198,000	3,268,000	2,603,000	2,905,000	4,172,000	3,626,000	2,720,000	3,168,000	3,731,000	2,911,000	3,100,000	2,812,000	2,845,000	2,829,000	2,920,000	2,706,000	2,365,000
other income, net of expenses																																																						53,000	-136,000	153,000		174,750	649,000	27,000	22,000	51,500	102,000	-11,000	115,000
income tax expense																																																						3,160,250	2,083,000	3,307,000	7,251,000	3,147,500	1,457,000	2,169,000	8,964,000	3,020,500	801,000	2,105,000	9,176,000		383,000
transaction-related costs																																																														481,000	68,000	92,000	19,000	948,000	-675,000
cost of sales, excluding costs below																																																																		26,526,250	14,416,000	20,467,000	71,222,000	200,490,347,474	33,650,630	48,539,716	48,539,716	46,857,118	25,826,902	34,232,939	34,232,939	63,935,867	39,621,776	21,758,558	28,505,528	65,924,761	21,931,397	26,910,961	52,552,930
other loss, net of other income																																																																			-26,000
transaction costs																																																																				1,090,000
cash dividends declared per share of common stock:																																																																				0.315	0.305	0.3	0.305	0.305	0.305	0.22	0.295	0.295	0.295	0.29	0.216	0.29	0.29	0.285	0.285	0.285	0.28
other loss, net of other incomes																																																																							-91,631				-13,481
income tax benefit																																																																							-210,752
gain from discontinued operations, net of income tax expense of 0 and 4,249
weighted-average shares outstanding:
basic	23,937,000,000	23,389,000,000	23,526,000,000	23,307,000,000	22,957,000,000	22,469,000,000	22,501,000	22,284,000	22,250,000	18,370,758,000	17,796,741,000	17,794,320,000	17,759,896,000	17,722,227,000	17,737,984,000	17,730,833,000	17,678,060,000	17,558,078,000	17,582,115,000	17,546,346,000	17,485,866,000	16,711,579,000	16,533,748,000	16,448,490,000	16,414,773,000	16,398,443,000	16,403,776,000	16,401,028,000	16,384,927,000	16,369,616,000	16,378,545,000	16,369,641,000	16,351,338,000	16,336,789,000	16,344,442,000	16,340,665,000	16,317,224,000	15,570,539,000	15,372,413,000	15,315,020,000	15,286,842,000	15,094,423,000	15,258,819,000	15,235,860,000	14,604,841,000	14,551,308,000	14,574,678,000	9,704,161,000	9,658,431,000	9,620,641,000	9,625,435,000	9,621,580,000	9,601,529,000	9,586,144,000	9,592,417,000	9,586,159,000	9,571,270,000	9,555,799,000	9,564,012,000	9,557,707,000	9,535,381,000	9,474,554,000	9,493,425,000	9,467,222,000	9,419,932,000	7,313,320,000	6,883,070,000	6,862,248,000	6,832,675,000	6,811,848,000	6,815,886	6,812,474	6,812,474	6,743,041
diluted	24,053,000,000	23,488,000,000	23,629,000,000	23,402,000,000	23,041,000,000	22,531,000,000	22,564,000	22,335,000	22,306,000	18,434,857,000	17,857,784,000	17,852,024,000	17,831,772,000	17,804,294,000	17,819,373,000	17,809,871,000	17,761,119,000	17,633,029,000	17,659,643,000	17,616,496,000	17,553,167,000	16,770,735,000	16,592,842,000	16,503,603,000	16,471,827,000	16,448,486,000	16,453,867,000	16,445,743,000	16,432,852,000	16,419,870,000	16,428,439,000	16,417,082,000	16,402,985,000	16,383,352,000	16,389,635,000	16,382,207,000	16,363,796,000	15,613,091,000	15,412,783,000	15,352,702,000	15,331,912,000	15,143,373,000	15,306,843,000	15,280,657,000	14,656,310,000	14,604,944,000	14,616,665,000	9,737,852,000	9,693,434,000	9,695,630,000	9,702,334,000	9,695,470,000	9,678,950,000	9,671,507,000	9,676,658,000	9,681,597,000	9,666,885,000	9,651,058,000	9,657,970,000	9,650,887,000	9,633,796,000	9,582,374,000	9,497,696,000	9,557,352,000	9,524,298,000	7,440,201,000	6,888,024,000	6,868,717,000	6,943,129,000	6,927,483,000	6,817,536	6,920,042	6,920,042	6,854,716
loss per share of common stock:
basic:
from continuing operations																																																																						0.65	-0.03	0.27	0.27	0.61	-0.05								-0.12	0.14	1.08
from discontinued operations
diluted:
terminated acquisition costs																																																																						309,907		1,239,628	1,239,628
income from discontinued operations,
net of tax benefit of 0 and 4,115
earnings per share of common stock:
gain from discontinued operations,
net of tax of 4,249 and																																																																											4,072
basic weighted-average shares outstanding																																																																											6,754,650	6,737,384	6,737,384	6,705,829		5,973,149	5,952,074	5,904,434
diluted weighted-average shares outstanding																																																																											6,754,650	6,849,890	6,849,890	6,820,462		5,973,149	5,963,596	6,047,985
loss per share of common stock:
basic
from discontinued operations
diluted
other income net of other incomes																																																																												234,195	234,195	53,374	58,904	-12,091	63,715	78,583	19,493	228,481	82,380
income from discontinued operations, net of tax benefit of 39,375
earnings per share of common stock:
basic	2.48	1.95	0.82	1.03	2.22	1.61	0.78	0.82	2.07	1.27	0.53	0.91	2.05	1.48	0.54	0.96	2.09											0.51	1.75	1.09	0.34	0.39	1.64	1.6	0.42	0.37	1.17	0.73	0.29	0.52	1.33	0.57	0.34	0.41	1.45	0.69	0.22	0.53	1.83	1.01	0.4	0.45	1.55	1.03	0.34	0.53	1.12	0.83	0.25	0.37	1.44	0.75	0.17	0.35	1.48	0.353	0.04	0.12	1.26							0.22	0.22	1.19	0.278	-0.11	0.19	1.03
income from discontinued operations, net of tax expense of 11,234
income from discontinued operations, net of tax benefit of 18,491
from discontinued operations
basic																																																																																					1.08
diluted
diluted																																																																																					1.05
the accompanying notes are an integral part of these financial statements.

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2010-12-31	2009-12-31	2009-09-30	2009-06-30	2008-12-31	2004-12-31

property, plant and equipment
regulated energy	3,009,000,000	2,941,600,000	2,848,600,000	2,789,200,000	2,737,100,000	2,661,800,000	2,600,087,000	2,515,712,000	2,470,135,000	2,418,494,000	1,916,585,000	1,868,763,000	1,835,261,000	1,802,999,000	1,784,939,000	1,765,915,000	1,741,731,000	1,720,287,000	1,688,938,000	1,643,904,000	1,595,744,000	1,577,576,000	1,564,420,000	1,499,389,000	1,447,089,000	1,441,473,000	1,407,371,000	1,380,591,000	1,346,221,000	1,297,416,000	1,242,840,000	1,174,407,000	1,083,004,000	1,073,736,000	1,050,332,000	1,038,929,000	985,832,000	957,681,000	908,822,000	868,016,000	850,041,000	842,756,000	813,145,000	795,331,000	779,394,000	766,855,000	730,879,000	710,444,000	697,725,000	691,522,000	635,859,000	622,895,000	590,816,000	585,429,000	549,318,000	544,118,000	535,978,000	532,616,000	500,689,000	463,856,000
unregulated energy	507,200,000	492,400,000	481,800,000	482,200,000	472,100,000	463,700,000	426,127,000	420,074,000	416,833,000	410,807,000	404,924,000	402,352,000	395,052,000	393,215,000	385,067,000	381,718,000	376,468,000	357,259,000	324,083,000	309,139,000	306,291,000	300,647,000	278,897,000	277,209,000	274,970,000	265,209,000	250,826,000	245,738,000	241,126,000	237,682,000	220,721,000	216,125,000	213,803,000	210,682,000	207,331,000	202,707,000	199,211,000	196,800,000	194,743,000	189,034,000	147,221,000	145,734,000	141,393,000	139,174,000	84,386,000	84,773,000	80,500,000	78,616,000	76,938,000	76,267,000	73,816,000	72,877,000	71,787,000	70,218,000	68,956,000	68,482,000	68,081,000	63,501,000	61,313,000	61,360,000
other businesses and eliminations	39,300,000		38,400,000	37,700,000	38,200,000		32,136,000	32,645,000	31,606,000	30,310,000	28,802,000	29,213,000	29,695,000	29,890,000	30,701,000	30,713,000	34,692,000	35,418,000	35,183,000	34,767,000	34,439,000	30,769,000	30,365,000	39,798,000	39,370,000	39,850,000	30,596,000	30,347,000	30,282,000	34,585,000	34,975,000	30,170,000	27,892,000	27,699,000	26,061,000	25,623,000	21,486,000	21,114,000	20,835,000	19,608,000	19,430,000	18,999,000	19,190,000	19,051,000	19,459,000
total property, plant and equipment	3,555,500,000	3,472,300,000	3,368,800,000	3,309,100,000	3,247,400,000	3,155,400,000	3,058,350,000	2,968,431,000	2,918,574,000	2,859,611,000	2,350,311,000	2,300,328,000	2,260,008,000	2,226,104,000	2,200,707,000	2,178,346,000	2,152,891,000	2,112,964,000	2,048,204,000	1,987,810,000	1,936,474,000	1,908,992,000	1,873,682,000	1,816,396,000	1,761,429,000	1,746,532,000	1,688,793,000	1,656,676,000	1,617,629,000	1,569,683,000	1,498,536,000	1,420,702,000	1,324,699,000	1,312,117,000	1,283,724,000	1,267,259,000	1,206,529,000	1,175,595,000	1,124,400,000	1,076,658,000	1,016,692,000	1,007,489,000	973,728,000	953,556,000	883,239,000	870,125,000	833,353,000	810,737,000	795,792,000	788,791,000	730,723,000	716,432,000	683,052,000	675,714,000	637,305,000	630,934,000	622,145,000	616,105,000	578,991,000	541,270,000	387,460,000	385,807,000	380,206,789
less: accumulated depreciation and amortization	-652,100,000	-637,600,000	-617,700,000	-600,300,000	-585,800,000	-567,600,000	-556,421,000	-546,598,000	-530,832,000	-516,429,000	-503,897,000	-489,724,000	-476,407,000	-462,926,000	-449,026,000	-438,573,000	-427,998,000	-417,479,000	-405,263,000	-393,111,000	-380,839,000	-368,743,000	-358,851,000	-357,303,000	-345,206,000	-336,876,000	-330,479,000	-321,284,000	-312,949,000	-294,295,000	-295,449,000	-287,942,000	-279,802,000	-270,599,000	-267,138,000	-260,428,000	-250,574,000	-245,207,000	-237,434,000	-229,826,000	-222,650,000	-215,313,000	-210,979,000	-205,030,000	-198,181,000	-193,369,000	-192,515,000	-186,663,000	-179,918,000	-174,148,000	-171,060,000	-165,646,000	-160,199,000	-155,378,000	-150,859,000	-146,027,000	-141,189,000	-137,784,000	-121,628,000	-107,318,000	-104,822,000	-105,293,000	-101,017,551
plus: construction work in progress	320,500,000	283,700,000	254,400,000	199,200,000	166,600,000	148,100,000	156,180,000	157,347,000	123,338,000	113,192,000	61,843,000	60,578,000	53,094,000	47,295,000	42,359,000	34,027,000	30,487,000	49,393,000	56,773,000	78,187,000	80,061,000	60,929,000	52,519,000	66,267,000	75,510,000	54,141,000	102,640,000	85,630,000	90,453,000	108,584,000	60,243,000	101,904,000	131,640,000	84,509,000	69,053,000	44,556,000	62,362,000	56,276,000	49,082,000	61,975,000	87,187,000	62,774,000	56,441,000	41,923,000	24,137,000	13,006,000	38,611,000	36,615,000	27,228,000	16,603,000	50,256,000	42,421,000	29,880,000	21,445,000	36,745,000	24,629,000	16,407,000	9,383,000	5,394,000	2,476,000	8,889,000	6,502,000	1,481,448
net property, plant and equipment	3,223,900,000	3,118,400,000	3,005,500,000	2,908,000,000	2,828,200,000	2,735,900,000	2,658,109,000	2,579,180,000	2,511,080,000	2,456,374,000	1,908,257,000	1,871,182,000	1,836,695,000	1,810,473,000	1,794,040,000	1,773,800,000	1,755,380,000	1,744,878,000	1,699,714,000	1,672,886,000	1,635,696,000	1,601,178,000	1,567,350,000	1,525,360,000	1,491,733,000	1,463,797,000	1,460,954,000	1,421,022,000	1,395,133,000	1,383,972,000	1,263,330,000	1,234,664,000	1,176,537,000	1,126,027,000	1,085,639,000	1,051,387,000	1,018,317,000	986,664,000	936,048,000	908,807,000	881,229,000	854,950,000	819,190,000	790,449,000	709,195,000	689,762,000	679,449,000	660,689,000	643,102,000	631,246,000	609,919,000	593,207,000	552,733,000	541,781,000	523,191,000	509,536,000	497,363,000	487,704,000	462,757,000	436,428,000	291,527,000	287,016,000	280,670,686
current assets
cash and cash equivalents	4,700,000	1,800,000	1,800,000	1,500,000	700,000	7,900,000	1,609,000	6,430,000	1,695,000	4,904,000	1,793,000	4,169,000	3,065,000	6,204,000	2,480,000	4,186,000	5,208,000	4,976,000	5,886,000	5,011,000	5,575,000	3,499,000	3,056,000	3,590,000	3,982,000	6,985,000	4,320,000	7,254,000	7,975,000	6,089,000	6,215,000	4,512,000	5,996,000	5,614,000	3,386,000	2,419,000	5,700,000	4,178,000	1,536,000	3,266,000	3,315,000	2,855,000	3,781,000	2,104,000	16,170,000	4,574,000	2,285,000	2,529,000	4,791,000	3,356,000	1,792,000	2,210,000	2,608,000	3,361,000	2,046,000	1,737,000	2,047,000	2,637,000	1,643,000	2,828,000	728,000	1,614,000	1,611,195
trade and other receivables	120,700,000	106,900,000	82,300,000	89,100,000	101,200,000	80,000,000	57,113,000	56,362,000	70,750,000	74,485,000	47,397,000	48,091,000	65,130,000	65,758,000	37,278,000	42,892,000	54,683,000	61,623,000	47,570,000	45,206,000	62,309,000	61,675,000	53,132,000	48,799,000	46,730,000		34,504,000	48,908,000	74,098,000		52,660,000	53,419,000	69,447,000
less: allowance for credit losses	-6,800,000	-5,400,000	-4,200,000	-5,000,000	-4,200,000	-3,300,000	-2,739,000	-2,195,000	-2,450,000	-2,699,000	-2,405,000	-2,692,000	-2,820,000	-2,877,000	-2,953,000	-2,758,000	-2,842,000	-3,141,000	-2,980,000	-3,895,000	-4,243,000	-4,785,000	-4,130,000	-2,104,000	-1,421,000
accrued revenue	49,000,000	50,100,000	25,200,000	26,900,000	31,400,000	37,800,000	23,634,000	20,177,000	28,308,000	32,597,000	15,229,000	15,875,000	24,135,000	29,206,000	15,883,000	15,999,000	21,532,000	22,513,000	11,318,000	13,370,000	20,835,000	21,527,000	11,545,000	12,076,000	16,931,000	20,846,000	11,538,000	12,724,000	20,747,000	27,499,000	12,352,000	12,353,000	18,907,000	22,279,000	14,307,000	11,812,000	16,317,000	16,986,000	9,506,000	8,658,000	12,331,000	12,452,000	8,797,000	8,091,000	12,869,000	13,617,000	7,629,000	7,631,000	12,536,000	13,910,000	7,948,000	7,188,000	11,241,000	11,688,000	8,394,000	8,303,000	8,290,000	10,403,000	14,978,000	12,838,000	1,803,000	1,605,000	5,167,666
propane inventory, at average cost	8,200,000	8,800,000	6,700,000	6,700,000	9,100,000	8,900,000	6,781,000	6,511,000	8,367,000	9,313,000	7,001,000	6,492,000	8,505,000	9,365,000	8,797,000	9,317,000	9,772,000	11,644,000	6,917,000	6,076,000	6,229,000	5,906,000	4,099,000	3,951,000	5,136,000	5,824,000	4,370,000	5,143,000	6,865,000	9,791,000	7,444,000	6,597,000	7,345,000	8,324,000	5,226,000	4,649,000	5,437,000	6,457,000	4,106,000	4,285,000	5,412,000	6,619,000	4,211,000	4,151,000	4,550,000	7,250,000	7,303,000	6,836,000	6,088,000	10,456,000	7,383,000	6,375,000	5,614,000	7,612,000	6,256,000	6,209,000	7,344,000	9,726,000	8,876,000	7,901,000	5,355,000	4,507,000	5,710,673
other inventory, at average cost	17,100,000	17,900,000	18,200,000	18,400,000	19,000,000	18,000,000	21,139,000	19,715,000	19,638,000	19,912,000	17,593,000	17,873,000	17,520,000	16,896,000	11,828,000	11,449,000	10,228,000	9,345,000	6,716,000	6,524,000	5,884,000	5,539,000	5,583,000	5,397,000	5,621,000	6,067,000	6,037,000	7,778,000	8,122,000	7,127,000	4,786,000	4,791,000	4,607,000	12,022,000	12,711,000	9,996,000	3,657,000	4,576,000	3,867,000	4,025,000	4,289,000	3,803,000	4,143,000	4,305,000	4,411,000	3,699,000	2,991,000	3,382,000	3,728,000	4,880,000	3,452,000	3,361,000	3,199,000	5,841,000	3,284,000	2,999,000	3,009,000	4,785,000	3,084,000	3,149,000	1,542,000	1,322,000	1,479,249
regulatory assets	24,500,000	29,700,000	30,000,000	20,800,000	17,300,000	23,900,000	20,446,000	19,646,000	24,289,000	19,506,000	19,111,000	26,343,000	27,874,000	41,439,000	45,624,000	28,729,000	20,438,000	19,794,000	12,021,000	9,429,000	9,145,000	10,786,000	10,372,000	3,625,000	4,441,000	5,144,000	6,633,000	6,842,000	7,913,000	4,796,000	6,891,000	13,330,000	10,833,000	10,930,000	9,761,000	7,167,000	7,527,000	7,694,000	6,045,000	7,042,000	6,451,000	8,268,000	7,653,000	7,587,000	7,472,000	8,967,000	7,790,000	5,822,000	4,342,000	2,436,000	2,063,000	1,084,000	1,881,000	2,736,000	2,745,000	2,375,000	1,166,000	1,846,000	51,000	1,205,000	671,000	589,000	826,009
storage gas prepayments	700,000	4,500,000	5,600,000	3,600,000	900,000	3,800,000	4,339,000	2,801,000	1,147,000	4,695,000	5,063,000	3,208,000	1,228,000	6,364,000	7,443,000	3,695,000	650,000	3,691,000	4,663,000	2,385,000	417,000	2,455,000	2,971,000	1,943,000	753,000	3,541,000	2,158,000	4,143,000	1,327,000	6,603,000	6,989,000	4,365,000	1,197,000	5,250,000	6,876,000	4,415,000	735,000	5,484,000	8,192,000	5,014,000	1,213,000	3,410,000	3,839,000	2,498,000	910,000	4,258,000	4,990,000	3,131,000	1,323,000	4,318,000	5,309,000	3,262,000	897,000	3,716,000	4,593,000	3,229,000	1,724,000	5,003,000	5,084,000	6,144,000	7,713,000	5,847,000	9,491,690
prepaid expenses	17,000,000	19,700,000	21,400,000	16,400,000	15,500,000	17,300,000	18,965,000	12,549,000	13,681,000	15,407,000	17,179,000	12,496,000	12,990,000	15,865,000	17,823,000	11,398,000	13,754,000	17,121,000	15,555,000	9,497,000	11,512,000	13,239,000	14,817,000	9,167,000	10,707,000	13,928,000	10,571,000	5,873,000	7,192,000	10,079,000	9,775,000	5,162,000	8,199,000	13,621,000	10,899,000	3,939,000	4,534,000	6,792,000	7,603,000	4,184,000	4,982,000	7,146,000	7,507,000	4,223,000	4,510,000	6,652,000	7,887,000	4,229,000	4,890,000	6,910,000	7,357,000	3,798,000	4,452,000	6,020,000	6,097,000	3,233,000	3,511,000	5,072,000	4,613,000	5,843,000	4,250,000	1,821,000	4,679,368
derivative assets, at fair value	800,000		100,000	300,000	600,000	600,000	405,000	1,180,000	1,012,000	1,027,000	2,328,000	1,704,000	1,248,000	2,787,000	4,552,000	6,772,000	7,516,000	7,076,000	12,185,000	8,056,000	3,462,000	3,269,000	1,967,000	1,270,000	151,000			10,571,000	9,221,000	13,165,000	10,568,000	534,000	208,000	1,286,000	1,526,000
other current assets	3,200,000	3,000,000	3,000,000	2,900,000	3,200,000	2,600,000	2,232,000	3,236,000	3,228,000	2,723,000	1,837,000	1,934,000	629,000	428,000	1,589,000	1,014,000	703,000	1,033,000	440,000	523,000	635,000	436,000	753,000	1,017,000	3,666,000	2,879,000	2,489,000	4,022,000	1,121,000	5,684,000	2,557,000	4,560,000	6,717,000	7,260,000	4,797,000	2,287,000	1,804,000	2,470,000	543,000	771,000	1,688,000	1,044,000	339,000	285,000	294,000	195,000	201,000	203,000	198,000	160,000	160,000	165,000	146,000	132,000	121,000	155,000	219,000	219,000	245,000	147,000	148,000	146,000	146,820
total current assets	239,100,000	237,000,000	218,800,000	192,300,000	199,600,000	204,300,000	166,487,000	156,277,000	169,665,000	185,699,000	137,466,000	136,769,000	159,504,000	193,976,000	169,203,000	145,046,000	152,968,000	173,135,000	132,993,000	110,553,000	128,552,000	136,431,000	119,321,000	98,558,000	111,927,000	134,826,000	114,875,000	124,242,000	153,640,000	191,537,000	128,962,000	116,043,000	137,834,000	178,587,000	149,005,000	102,435,000	118,813,000	141,151,000	102,156,000	86,896,000	100,375,000	112,538,000	87,690,000	78,518,000	113,294,000	122,373,000	88,333,000	80,414,000	119,932,000	126,409,000	97,982,000	95,543,000	93,915,000	100,597,000	86,489,000	78,570,000	103,349,000	127,760,000	137,229,000	116,575,000	57,767,000	53,842,000	95,521,316
deferred charges and other assets
goodwill	507,500,000	507,500,000	507,500,000	507,700,000	507,700,000	507,700,000	507,852,000	507,856,000	507,573,000	508,174,000	46,213,000	46,213,000	46,213,000	46,213,000	45,158,000	45,158,000	44,708,000	44,708,000	38,803,000	38,803,000	38,731,000	38,731,000	36,930,000	32,684,000	32,668,000	32,668,000	21,516,000	25,785,000	25,785,000	25,837,000	19,604,000	19,604,000	22,104,000	22,104,000	21,944,000	15,070,000	15,070,000	15,070,000	15,070,000	15,070,000	15,070,000	14,548,000	16,048,000	16,048,000	4,952,000	4,952,000	4,625,000	4,625,000	4,625,000	4,354,000	4,716,000	4,716,000	4,543,000	4,090,000	4,090,000	4,090,000	4,090,000	4,090,000	35,613,000	34,095,000	674,000	674,000	674,451
other intangible assets	12,900,000	13,200,000	13,700,000	14,000,000	14,600,000	15,000,000	15,475,000	15,910,000	16,414,000	16,865,000	16,518,000	16,965,000	17,412,000	17,859,000	13,751,000	14,088,000	12,832,000	13,192,000	7,298,000	7,625,000	7,958,000	8,292,000	7,215,000	7,520,000	7,824,000	8,129,000	3,272,000	5,611,000	5,909,000	6,207,000	4,073,000	4,277,000	4,482,000	4,686,000	4,608,000	1,664,000	1,752,000	1,843,000	1,938,000	2,033,000	2,128,000	2,222,000	2,317,000	2,415,000	2,316,000	2,404,000	2,675,000	2,775,000	2,875,000	2,975,000	3,075,000	3,175,000	3,017,000	2,798,000	2,879,000	2,961,000	3,044,000	3,127,000	3,459,000	3,951,000	154,000	157,000	164,268
investments, at fair value	16,400,000	17,200,000	16,800,000	15,900,000	14,400,000	14,400,000	14,156,000	13,620,000	13,221,000	12,282,000	11,084,000	11,693,000	10,866,000	10,576,000	9,895,000	10,523,000	11,561,000	12,095,000	11,490,000	11,745,000	10,883,000	10,776,000	9,680,000	9,571,000	7,217,000	9,229,000	8,536,000	8,821,000	7,509,000	6,711,000	7,951,000	7,486,000	6,641,000	6,756,000	6,380,000	5,952,000	5,212,000	4,902,000	4,630,000	4,325,000	3,674,000	3,644,000	3,412,000	3,665,000	3,770,000	3,678,000	3,481,000	3,542,000	2,951,000	3,098,000	2,788,000	4,917,000	4,526,000	4,168,000	4,670,000	4,692,000	4,264,000	3,918,000	4,036,000
operating lease right-of-use assets	9,400,000	9,900,000	9,600,000	9,600,000	9,700,000	10,500,000	10,945,000	11,201,000	11,719,000	12,426,000	12,842,000	13,432,000	14,272,000	14,421,000	14,916,000	15,767,000	16,231,000	10,139,000	9,602,000	10,020,000	10,510,000	11,194,000	11,077,000	11,546,000	11,696,000	11,563,000	12,004,000	12,404,000	12,523,000
receivables and other deferred charges	12,900,000	17,300,000	14,200,000	14,100,000	13,000,000	11,700,000	12,147,000	12,923,000	16,047,000	16,448,000	16,263,000	12,111,000	12,312,000	12,323,000	13,176,000	13,463,000	14,338,000	12,549,000	14,056,000	11,464,000	10,054,000	12,079,000	23,865,000	62,122,000	51,602,000	49,579,000				6,985,000				3,699,000	3,381,000	4,352,000	2,929,000	2,786,000	4,325,000	3,353,000	2,574,000	3,165,000	2,453,000	1,884,000	2,067,000	3,164,000	2,746,000	2,740,000	2,681,000	2,856,000	2,898,000	2,769,000	3,363,000	2,904,000	2,999,000	3,088,000	3,059,000
total deferred charges and other assets	632,900,000	639,400,000	637,100,000	637,500,000	636,800,000	636,800,000	642,596,000	645,296,000	651,139,000	662,631,000	195,023,000	196,539,000	201,352,000	210,588,000	194,179,000	198,496,000	201,281,000	196,856,000	189,121,000	188,901,000	189,702,000	194,878,000	201,417,000	198,257,000	184,559,000	184,575,000	138,411,000	135,778,000	134,024,000	118,162,000	113,264,000	112,234,000	113,079,000	112,820,000	112,106,000	103,166,000	101,181,000		102,306,000	101,344,000	100,380,000	101,098,000	101,562,000	101,669,000	91,218,000	92,334,000	79,768,000	79,982,000	79,527,000	79,867,000	89,656,000	90,908,000	91,809,000	91,368,000	90,272,000	91,594,000	92,415,000	93,602,000	66,971,000	62,140,000	9,106,000	7,784,000	8,001,718
total assets	4,095,900,000	3,994,800,000	3,861,400,000	3,737,800,000	3,664,600,000	3,577,000,000	3,467,192,000	3,380,753,000	3,331,884,000	3,304,704,000	2,240,746,000	2,204,490,000	2,197,551,000	2,215,037,000	2,157,422,000	2,117,342,000	2,109,629,000	2,114,869,000	2,021,828,000	1,972,340,000	1,953,950,000	1,932,487,000	1,888,088,000	1,822,175,000	1,788,219,000	1,783,198,000	1,714,240,000	1,681,042,000	1,682,797,000	1,693,671,000	1,505,556,000	1,462,941,000	1,427,450,000	1,417,434,000	1,346,750,000	1,256,988,000	1,238,311,000	1,229,219,000	1,140,510,000	1,097,047,000	1,081,984,000	1,068,586,000	1,008,442,000	970,636,000	913,707,000	904,469,000	847,550,000	821,085,000	842,561,000	837,522,000	797,557,000	779,658,000	738,457,000	733,746,000	699,952,000	679,700,000	693,127,000	709,066,000	670,993,000	617,102,000	360,234,000	350,289,000	385,794,510
capitalization and liabilities		2,025,000,000				2,024,000,000				2,023,000				2,022,000				2,021,000				2,020,000				2,019,000				2,018,000				2,017,000				2,016,000				2,015,000				2,014,000				2,013,000			2,013,000				2,012,000		2,010,000	2,009,000	2,009,000		2,008
capitalization
stockholders’ equity
preferred stock, par value 0.01 per share...
common stock	11,700,000	11,600,000	11,500,000	11,400,000	11,200,000	11,100,000	11,085,000	10,854,000	10,838,000	10,823,000	8,662,000	8,662,000	8,659,000	8,635,000	8,634,000	8,632,000	8,624,000	8,593,000	8,560,000	8,550,000	8,528,000	8,499,000	8,126,000	8,013,000	7,998,000	7,984,000	7,984,000	7,984,000	7,980,000	7,971,000	7,971,000	7,971,000	7,964,000	7,955,000	7,955,000	7,955,000	7,949,000	7,935,000	7,932,000	7,456,000	7,449,000	7,432,000	7,429,000	7,419,000	7,119,000	7,100,000	7,095,000	4,727,000	4,715,000	4,691,000	4,685,000	4,684,000	4,679,000	4,671,000	4,669,000	4,668,000	4,661,000	4,656,000	4,635,000	4,572,000	3,352,000	3,344,000	3,322,668
additional paid-in capital	972,200,000	962,800,000	913,200,000	896,400,000	852,000,000	830,500,000	812,896,000	755,751,000	750,162,000	749,356,000	382,551,000	380,830,000	379,703,000	380,036,000	378,261,000	376,866,000	373,694,000	371,162,000	361,066,000	357,520,000	350,875,000	348,482,000	283,836,000	263,272,000	259,521,000	259,253,000	257,436,000	256,385,000	255,307,000	255,651,000	255,509,000	255,356,000	254,126,000	253,470,000	252,722,000	252,071,000	251,144,000	250,967,000	250,202,000	191,776,000	190,389,000	190,311,000	189,321,000	187,903,000	156,749,000	156,581,000	155,407,000	154,619,000	152,862,000	152,341,000	151,676,000	151,391,000	150,527,000	150,750,000	150,230,000	149,908,000	149,252,000	149,403,000	148,159,000	144,502,000	69,138,000	68,352,000	66,680,696
retained earnings	669,300,000	626,800,000	597,200,000	594,100,000	586,400,000	550,300,000	528,426,000	525,525,000	521,689,000	488,663,000	476,601,000	477,795,000	472,209,000	445,509,000	428,941,000	428,833,000	421,344,000	393,072,000	378,897,000	374,936,000	369,623,000	342,969,000	328,357,000	326,454,000	322,804,000	300,607,000	284,694,000	285,762,000	284,111,000	261,530,000	249,805,000	250,377,000	250,024,000	229,141,000	208,402,000	206,896,000	206,194,000	192,062,000	185,195,000	185,490,000	182,165,000	166,235,000	162,036,000	161,333,000	159,446,000	142,317,000	136,188,000	139,350,000	138,176,000	124,274,000	118,330,000	118,187,000	117,579,000	106,239,000	99,912,000	100,225,000	98,691,000	91,248,000	76,805,000	63,231,000	60,043,000	61,931,000	56,817,921
accumulated other comprehensive loss	-1,500,000	-2,700,000	-3,200,000	-2,800,000	-2,300,000	-1,700,000	-4,135,000	-1,576,000		-2,738,000											-2,638,000	-2,865,000	-3,629,000	-4,462,000	-6,194,000	-6,267,000	-5,403,000	-5,747,000	-3,739,000	-6,713,000	-4,987,000	-5,718,000	-6,873,000	-4,272,000	-5,259,000	-5,244,000	-4,458,000	-4,878,000	-5,029,000	-5,168,000	-5,751,000	-5,840,000	-5,471,000	-5,479,000	-5,568,000	-5,676,000	-2,469,000	-2,473,000	-2,502,000	-2,533,000	-4,903,000	-4,958,000	-5,013,000	-5,062,000	-4,327,000	-4,394,000	-4,460,000	-4,527,000	-3,360,000	-2,524,000	-3,526,000	-3,600,000	-3,748,093
deferred compensation obligation	17,400,000	12,600,000	12,500,000	12,500,000	12,200,000	9,800,000	9,775,000	9,703,000	9,562,000	9,050,000	8,987,000	9,001,000	8,816,000	7,060,000	7,003,000	7,018,000	6,477,000	7,240,000	7,186,000	7,203,000	6,992,000	5,679,000	5,634,000	5,659,000	5,468,000	4,543,000	4,505,000	4,694,000	4,376,000	3,854,000	3,818,000	3,782,000	3,573,000	3,395,000	3,366,000	3,336,000	3,100,000	2,416,000	2,476,000	2,452,000	2,221,000	1,883,000	1,863,000	1,843,000	1,715,000	1,258,000	1,217,000	1,202,000	1,138,000	1,124,000	1,110,000	1,096,000	994,000	982,000	970,000	958,000	828,000	817,000	777,000	739,000	1,333,000	1,315,000	1,548,507
treasury stock	-17,400,000	-12,600,000	-12,500,000	-12,500,000	-12,200,000	-9,800,000	-9,775,000	-9,703,000	-9,562,000	-9,050,000	-8,987,000	-9,001,000	-8,816,000	-7,060,000	-7,003,000	-7,018,000	-6,477,000	-7,240,000	-7,186,000	-7,203,000	-6,992,000	-5,679,000	-5,634,000	-5,659,000	-5,468,000	-4,543,000	-4,505,000	-4,694,000	-4,376,000	-3,854,000	-3,818,000	-3,782,000	-3,573,000	-3,395,000	-3,366,000	-3,336,000	-3,100,000	-2,416,000	-2,476,000	-2,452,000	-2,221,000	-1,883,000	-1,863,000	-1,843,000	-1,715,000	-1,258,000	-1,217,000	-1,202,000	-1,138,000	-1,124,000	-1,110,000	-1,096,000	-994,000	-982,000	-970,000	-958,000	-828,000	-817,000	-777,000	-739,000	-1,333,000	-1,315,000	-1,548,507
total stockholders’ equity	1,651,700,000	1,598,500,000	1,518,700,000	1,499,100,000	1,447,300,000	1,390,200,000	1,348,272,000	1,290,554,000	1,280,903,000	1,246,104,000	866,677,000	864,228,000	858,588,000	832,801,000	814,438,000	815,701,000	805,512,000	774,130,000	750,962,000	741,564,000	726,388,000	697,085,000	616,690,000	593,277,000	584,129,000	561,577,000	544,711,000	544,384,000	543,659,000	518,439,000	508,298,000	507,986,000	505,241,000	486,294,000	463,820,000	461,678,000	460,829,000	446,086,000	438,300,000	379,554,000	374,252,000	358,138,000	353,315,000	351,176,000	317,746,000	300,322,000	296,221,000	296,223,000	293,251,000	278,773,000	269,788,000	269,304,000	267,772,000	256,598,000	250,484,000	250,407,000	248,144,000	240,780,000	226,239,000	209,781,000	129,007,000	130,027,000	123,073,192
long-term debt	1,325,300,000	1,327,100,000	1,437,900,000	1,249,600,000	1,260,000,000	1,261,700,000	1,172,956,000	1,174,762,000	1,185,166,000	1,187,075,000	643,801,000	645,742,000	656,284,000	578,388,000	583,833,000	585,805,000	597,878,000	549,903,000	505,459,000	498,450,000	508,525,000	508,499,000	519,971,000	430,106,000	440,183,000	440,168,000	375,810,000	275,924,000	285,998,000	316,020,000	241,597,000	241,596,000	222,014,000	197,395,000	201,248,000	201,590,000	136,537,000	136,954,000	143,525,000	143,865,000	148,602,000	149,340,000	155,909,000	156,247,000	158,083,000	158,486,000	165,044,000	165,370,000	117,195,000	117,592,000	107,344,000	107,674,000	100,952,000	101,907,000	108,721,000	108,755,000	110,236,000	110,285,000	89,642,000	98,814,000	86,282,000	86,313,000	86,422,273
total capitalization	2,977,000,000	2,925,600,000	2,956,600,000	2,748,700,000	2,707,300,000	2,651,900,000	2,521,228,000	2,465,316,000	2,466,069,000	2,433,179,000	1,510,478,000	1,509,970,000	1,514,872,000	1,411,189,000	1,398,271,000	1,401,506,000	1,403,390,000	1,324,033,000	1,256,421,000	1,240,014,000	1,234,913,000	1,205,584,000	1,136,661,000	1,023,383,000	1,024,312,000	1,001,745,000	920,521,000	820,308,000	829,657,000	834,459,000	749,895,000	749,582,000	727,255,000	683,689,000	665,068,000	663,268,000	597,366,000	583,040,000	581,825,000	523,419,000	522,854,000	507,478,000	509,224,000	507,423,000	475,829,000	458,808,000	461,265,000	461,593,000	410,446,000	396,365,000	377,132,000	376,978,000	368,724,000	358,505,000	359,205,000	359,162,000	358,380,000	351,065,000	315,881,000	308,595,000	215,289,000	216,340,000	209,495,465
current liabilities
current portion of long-term debt	134,600,000	134,600,000	34,500,000	25,500,000	25,500,000	25,500,000	18,522,000	18,592,000	18,511,000	18,505,000	20,000,000	19,994,000	21,489,000	21,483,000	21,478,000	21,472,000	19,717,000	17,962,000	16,206,000	13,600,000	13,600,000	13,600,000	15,600,000	15,600,000	15,600,000	45,600,000	75,600,000	75,600,000	71,509,000	11,935,000	9,613,000	9,977,000	9,389,000	9,421,000	12,136,000	12,124,000	12,111,000	12,099,000	12,087,000	12,075,000	9,163,000	9,151,000	9,139,000	9,127,000	9,116,000	9,109,000	11,113,000	11,117,000	10,955,000	11,353,000	8,234,000	7,996,000	9,093,000	8,196,000	8,196,000	8,196,000	8,196,000	8,196,000	9,216,000	35,299,000	6,656,000	6,656,000	6,656,364
short-term borrowing	199,600,000	158,000,000	95,800,000	245,300,000	215,400,000	196,500,000	214,753,000	207,091,000	170,355,000	179,853,000	118,570,000	95,807,000	94,079,000	202,157,000	167,332,000	137,024,000	140,865,000	221,634,000	192,026,000	169,294,000	156,123,000	175,644,000	216,388,000	286,405,000	254,339,000	247,371,000	224,744,000	301,226,000	276,393,000	294,458,000	268,293,000	235,288,000	229,108,000	250,969,000	203,098,000	145,591,000	199,333,000	209,871,000	154,490,000	180,042,000	172,742,000	173,397,000	127,093,000	94,713,000	66,772,000	88,231,000	71,169,000	47,870,000	83,470,000	105,666,000	91,297,000	75,491,000	47,635,000	61,199,000	30,756,000	13,553,000	15,656,000	34,707,000	63,958,000	30,023,000	10,084,000	2,000,000	33,000,000
accounts payable	101,100,000	115,200,000	89,200,000	69,100,000	76,600,000	78,300,000	70,138,000	69,041,000	63,058,000	77,481,000	53,729,000	44,173,000	38,193,000	61,496,000	46,811,000	38,110,000	30,259,000	52,628,000	53,026,000	49,408,000	58,167,000	60,253,000	46,492,000	46,382,000	52,568,000	54,068,000	53,150,000	50,645,000	75,277,000	129,804,000	60,228,000	60,769,000	57,457,000	74,688,000	53,284,000	52,101,000	49,500,000	56,935,000	41,297,000	35,496,000	36,299,000	39,300,000	41,129,000	38,173,000	46,284,000	44,610,000	33,371,000	30,184,000	58,183,000	53,482,000	41,013,000	45,789,000	38,835,000	41,992,000	35,478,000	37,018,000	48,721,000	55,581,000	65,541,000	51,948,000	26,355,000	25,321,000	40,202,280
customer deposits and refunds	41,800,000	45,100,000	44,900,000	48,100,000	42,000,000	45,700,000	47,408,000	44,775,000	43,682,000	46,427,000	40,228,000	38,468,000	36,676,000	37,152,000	37,825,000	34,489,000	33,374,000	36,488,000	35,782,000	33,983,000	32,455,000	33,302,000	32,635,000	30,707,000	29,122,000	30,939,000	29,629,000	29,839,000	29,710,000	34,155,000	34,887,000	32,018,000	34,795,000	34,751,000	32,493,000	30,725,000	29,638,000	29,238,000	26,858,000	27,572,000	27,039,000	27,173,000	24,020,000	21,449,000	22,307,000	25,197,000	24,970,000	23,482,000	24,405,000	26,140,000	26,943,000	25,532,000	26,788,000	29,271,000	29,832,000	29,991,000	30,509,000	30,918,000	26,317,000	24,960,000	8,508,000	7,632,000	9,534,441
accrued interest	17,600,000	8,700,000	17,400,000	4,900,000	16,200,000	4,800,000	13,776,000	3,652,000	17,148,000	7,020,000	4,985,000	3,429,000	4,849,000	3,349,000	4,898,000	3,320,000	4,950,000	2,775,000	4,783,000	2,697,000	4,837,000	2,905,000	5,231,000	2,169,000	5,014,000	2,554,000	4,891,000	2,073,000	4,505,000	2,317,000	3,969,000	1,891,000	3,256,000	1,742,000	3,361,000	1,637,000	2,868,000	1,312,000	3,119,000	1,250,000	3,021,000	1,311,000	3,242,000	1,256,000	3,109,000	1,352,000	3,347,000	1,352,000	2,536,000	1,235,000	2,581,000	1,121,000	2,622,000	1,437,000	3,146,000	1,422,000	2,927,000	1,637,000	1,789,000	1,887,000	2,184,000	1,655,000	1,023,658
dividends payable	16,400,000	16,400,000	16,100,000	16,000,000	14,700,000	14,700,000	14,492,000	14,272,000	13,138,000	13,119,000	10,500,000	10,500,000	9,518,000	9,492,000	9,490,000	9,488,000	8,504,000	8,466,000	8,442,000	8,433,000	7,709,000	7,683,000	7,293,000	7,244,000	6,655,000	6,644,000	6,644,000	6,644,000	6,067,000	6,060,000	6,060,000	6,060,000	5,318,000	5,312,000	5,312,000	5,312,000	4,981,000	4,973,000	4,678,000	4,673,000	4,400,000	4,390,000	4,388,000	4,382,000	3,950,000	3,939,000	3,936,000	3,933,000	3,730,000	3,710,000	3,706,000	3,706,000	3,504,000	3,502,000	3,501,000	3,501,000	3,304,000	3,300,000	3,143,000	2,959,000	2,170,000	2,164,000	2,082,267
accrued compensation	10,500,000	21,600,000	12,100,000	12,200,000	9,500,000	23,900,000	14,495,000	12,519,000	7,066,000	16,544,000	9,831,000	9,772,000	6,350,000	14,660,000	10,355,000	9,471,000	9,270,000	15,505,000	13,497,000	10,767,000	8,990,000	13,994,000	10,903,000	9,260,000	7,518,000	16,236,000	10,362,000	8,699,000	8,506,000	13,923,000	10,396,000	7,953,000	5,444,000	13,112,000	8,544,000	6,683,000	5,560,000	10,496,000	7,823,000	6,742,000	4,107,000	10,014,000	8,909,000	6,500,000	4,845,000	10,076,000	7,269,000	5,495,000	4,937,000	8,394,000	6,467,000	5,437,000	4,708,000	7,435,000	6,417,000	5,088,000	4,610,000	6,932,000	6,784,000	3,445,000	3,087,000	2,190,000	3,304,736
regulatory liabilities	11,600,000	14,500,000	13,100,000	16,100,000	16,400,000	16,100,000	14,762,000	19,677,000	21,328,000	13,719,000	9,092,000	12,894,000	10,556,000	5,031,000	3,506,000	6,663,000	9,427,000	2,312,000	5,357,000	13,911,000	19,677,000	6,284,000	6,460,000	10,328,000	13,524,000	5,991,000	5,691,000	10,168,000	15,085,000	7,883,000	9,099,000	22,194,000	18,503,000	6,485,000	5,338,000	5,609,000	7,275,000	1,291,000	2,412,000	6,808,000	9,313,000	7,365,000	9,346,000	15,205,000	18,621,000	3,268,000	2,797,000	5,875,000	7,071,000	4,157,000	4,397,000	5,329,000	7,576,000	1,577,000	2,641,000	3,743,000	7,427,000	6,653,000	9,009,000	8,882,000	5,451,000	6,719,000	3,227,337
derivative liabilities, at fair value	200,000	800,000	500,000	200,000	100,000		633,000	27,000	31,000	354,000	828,000	2,178,000	798,000	585,000	2,051,000	427,000	484,000	743,000	1,969,000	351,000	84,000	127,000	439,000	802,000	1,986,000	1,844,000	2,216,000	10,994,000	6,798,000	14,871,000	9,774,000	886,000	2,359,000	6,247,000	1,732,000
other accrued liabilities	20,300,000	15,000,000	27,600,000	22,400,000	17,300,000	13,900,000	25,832,000	20,547,000	16,520,000	13,362,000	20,647,000	17,942,000	16,717,000	13,618,000	25,105,000	26,827,000	22,863,000	17,920,000	23,454,000	19,812,000	14,360,000	15,240,000	18,531,000	20,926,000	16,170,000	12,077,000	15,210,000	16,527,000	14,719,000	12,828,000	14,819,000	11,495,000	8,694,000	10,273,000	13,972,000	12,084,000	9,278,000	7,063,000	10,260,000	8,978,000	7,942,000	7,059,000	9,443,000	8,756,000	7,797,000	6,603,000	10,950,000	9,978,000	8,934,000	7,678,000	10,252,000	9,126,000	8,643,000	7,226,000	10,078,000	9,052,000	8,381,000	8,079,000	10,393,000	8,683,000	3,125,000	2,771,000	2,967,905
total current liabilities	553,700,000	529,900,000	351,200,000	459,800,000	433,700,000	419,400,000	434,811,000	410,193,000	371,655,000	386,384,000	288,410,000	255,157,000	246,779,000	369,023,000	328,851,000	287,291,000	279,713,000	376,433,000	354,542,000	322,256,000	316,002,000	329,032,000	359,972,000	429,823,000	402,496,000	423,324,000	446,247,000	512,415,000	508,569,000	528,234,000	427,138,000	388,531,000	374,323,000	413,000,000	339,270,000	272,054,000	320,733,000	334,051,000	263,053,000	283,892,000	274,449,000	279,593,000	236,863,000	199,608,000	186,353,000	194,235,000	169,063,000	140,013,000	213,176,000	221,942,000	195,014,000	181,497,000	153,685,000	162,166,000	130,601,000	112,068,000	129,862,000	157,499,000	197,642,000	170,600,000	69,104,000	57,758,000	105,051,428
deferred credits and other liabilities
deferred income taxes	333,700,000	313,300,000	338,800,000	315,700,000	312,300,000	296,100,000	289,208,000	283,322,000	271,335,000	259,082,000	264,541,000	261,215,000	258,399,000	256,167,000	248,702,000	244,978,000	241,132,000	233,550,000	225,448,000	219,490,000	211,801,000	205,388,000	202,649,000	193,595,000	186,431,000	180,656,000	165,492,000	164,421,000	160,912,000	156,820,000	146,814,000	143,147,000	141,484,000	135,850,000	252,273,000	234,716,000	231,004,000	222,894,000	205,562,000	199,623,000	197,416,000	831,000	338,000	128,000	586,000		1,700,000	1,657,000	1,723,000	1,696,000	837,000	919,000	836,000	791,000	2,158,000	2,116,000	1,202,000	2,712,000	2,191,000	1,498,000	2,591,000	3,053,000	1,577,805
environmental liabilities	3,000,000	2,900,000	2,800,000	2,800,000	2,300,000	2,200,000	2,441,000	2,402,000	2,546,000	2,607,000	2,562,000	2,512,000	2,530,000	3,272,000	2,901,000	3,097,000	3,271,000	3,538,000	3,709,000	3,904,000	4,052,000	4,299,000	4,447,000	4,520,000	6,046,000	6,468,000	6,713,000	6,994,000	7,370,000	7,638,000	7,941,000	8,090,000	8,215,000	8,263,000	8,382,000	8,457,000	8,535,000	8,592,000	8,682,000	8,765,000	8,843,000	8,942,000	9,003,000	9,043,000	9,147,000	8,923,000	9,022,000	9,076,000	9,129,000	9,155,000	8,838,000	8,905,000	9,094,000	9,114,000	9,170,000	9,298,000	9,437,000	9,492,000	10,587,000	11,104,000	425,000	469,000	511,223
other pension and benefit costs	13,100,000	14,000,000	15,000,000	14,300,000	13,000,000	13,200,000	16,327,000	16,102,000	16,010,000	15,330,000	17,133,000	17,890,000	17,190,000	16,965,000	20,228,000	21,458,000	23,073,000	24,120,000	28,113,000	29,463,000	29,856,000	30,673,000	27,462,000	28,185,000	28,043,000	30,569,000	27,890,000	29,675,000	29,822,000	28,513,000	28,839,000	28,996,000	28,981,000	29,699,000	32,059,000	31,920,000	33,082,000	32,828,000	32,501,000	32,695,000	32,848,000	33,481,000	32,619,000	33,614,000	34,798,000	35,027,000	18,246,000	20,123,000	20,662,000	21,000,000	33,118,000	33,491,000	33,890,000	33,535,000	22,947,000	25,832,000	26,306,000	26,808,000	18,199,000	17,505,000	7,585,000	7,502,000	7,335,116
operating lease - liabilities	7,500,000	7,900,000	8,000,000	8,000,000	8,400,000	8,700,000	9,157,000	9,341,000	9,832,000	10,550,000	11,040,000	11,585,000	12,110,000	12,392,000	12,975,000	13,807,000	14,161,000	8,571,000	8,380,000	8,719,000	9,125,000	9,872,000	9,681,000	10,055,000		9,896,000	10,392,000	10,710,000	10,873,000
deferred investment tax credits and other liabilities	18,600,000	12,500,000	1,300,000	1,400,000	1,400,000	1,400,000	1,478,000	1,355,000	1,364,000	1,366,000	1,389,000	1,412,000	1,393,000	1,410,000	1,849,000	2,017,000	2,082,000	2,136,000	2,051,000	4,813,000	4,910,000	4,903,000	4,936,000	2,434,000	2,699,000	2,796,000	3,019,000	2,661,000	2,908,000	2,968,000	3,089,000	3,096,000	5,846,000	5,955,000	6,783,000	4,146,000	4,730,000	4,750,000	5,533,000	5,560,000	2,628,000	2,597,000	3,130,000	3,820,000	4,007,000	3,825,000
total deferred credits and other liabilities	565,200,000	539,300,000	553,600,000	529,300,000	523,600,000	505,700,000	511,153,000	505,244,000	494,160,000	485,141,000	441,858,000	439,363,000	435,900,000	434,825,000	430,300,000	428,545,000	426,526,000	414,403,000	410,865,000	410,070,000	403,035,000	397,871,000	391,455,000	368,969,000	361,411,000	358,129,000	347,472,000	348,319,000	344,571,000	330,978,000	328,523,000	324,828,000	325,872,000	320,745,000	342,412,000	321,666,000	320,212,000	312,128,000	295,632,000	289,736,000	284,681,000	281,515,000	262,355,000	263,605,000	251,525,000	251,426,000	217,222,000	219,479,000	218,939,000	219,215,000	225,411,000	221,183,000	216,048,000	213,075,000	210,146,000	208,470,000	204,885,000	200,502,000	157,470,000	137,907,000	75,841,000	76,191,000	71,247,617
environmental and other commitments and contingencies
total capitalization and liabilities	4,095,900,000	3,994,800,000	3,861,400,000	3,737,800,000	3,664,600,000	3,577,000,000	3,467,192,000	3,380,753,000	3,331,884,000	3,304,704,000	2,240,746,000	2,204,490,000	2,197,551,000	2,215,037,000	2,157,422,000	2,117,342,000	2,109,629,000	2,114,869,000	2,021,828,000	1,972,340,000	1,953,950,000	1,932,487,000	1,888,088,000	1,822,175,000	1,788,219,000	1,783,198,000	1,714,240,000	1,681,042,000	1,682,797,000	1,693,671,000	1,505,556,000	1,462,941,000	1,427,450,000	1,417,434,000	1,346,750,000	1,256,988,000	1,238,311,000	1,229,219,000	1,140,510,000	1,097,047,000	1,081,984,000	1,068,586,000	1,008,442,000	970,636,000	913,707,000	904,469,000	847,550,000	821,085,000	842,561,000	837,522,000	797,557,000	779,658,000	738,457,000	733,746,000	699,952,000	679,700,000	693,127,000	709,066,000	670,993,000	617,102,000	360,234,000	350,289,000	385,794,510
other businesses		38,300,000				29,900,000
income taxes receivable			28,700,000	10,700,000	4,900,000	6,800,000	12,563,000	9,865,000		3,829,000	5,340,000	1,276,000		2,541,000	18,859,000	12,353,000	11,326,000	17,460,000	12,702,000	8,371,000	6,792,000	12,885,000	15,156,000	9,827,000	15,230,000	20,050,000	11,100,000	10,984,000	9,059,000	15,300,000	8,725,000	6,420,000	4,378,000	14,778,000	26,741,000	14,409,000	13,388,000	22,888,000	13,178,000	7,395,000	16,260,000	24,950,000	6,935,000	2,518,000		18,806,000	2,100,000			2,609,000	724,000			4,703,000	7,967,000	6,010,000	5,601,000	6,998,000	6,748,000	2,614,000	677,000	1,332,000	7,442,921
derivative liabilities at fair value						100,000				927,000				1,630,000
accumulated other comprehensive income									-1,786,000		-1,137,000	-3,059,000	-1,983,000	-1,379,000	-1,398,000	1,370,000	1,850,000	1,303,000	2,439,000	558,000
income taxes payable									818,000				7,554,000																																2,946,000			695,000	8,955,000			1,896,000	4,196,000
trade receivables										71,786,000				62,881,000				58,482,000				56,890,000	49,002,000	46,695,000	45,309,000
operating lease liabilities																									10,165,000
accounts receivable																										49,562,000				85,404,000				77,223,000	52,775,000	41,113,000	58,375,000	62,803,000	47,103,000	41,851,000	44,434,000	41,007,000	39,861,000	42,270,000	62,062,000	53,300,000	43,270,000	44,858,000	80,313,000	75,293,000	60,578,000	66,933,000	62,891,000	53,787,000	42,107,000	41,619,000	68,975,000	76,605,000	88,074,000	70,029,000	30,757,000	31,062,000	52,905,447
current assets held for sale																											21,155,000
noncurrent assets held for sale																											7,179,000
chesapeake utilities corporation and subsidiaries consolidated balance sheets
current liabilities held for sale																											18,110,000
other assets																											8,874,000	6,212,000	5,197,000		5,293,000	4,440,000	4,316,000
mark-to-market energy assets																																				229,000	1,339,000	823,000	477,000	405,000		153,000	286,000	358,000	46,000	1,055,000	187,000	136,000		385,000	379,000	248,000	150,000	210,000	721,000	585,000	261,000	1,754,000	1,642,000	2,379,000	1,532,000	944,000	4,482,473
mark-to-market energy liabilities																																				188,000	189,000	773,000	29,000	256,000	423,000	433,000	154,000	47,000	20,000	1,018,000	141,000	32,000		127,000	124,000	74,000	85,000	331,000	556,000	504,000	131,000	1,496,000	1,492,000	2,514,000	1,484,000	650,000	3,052,440
deferred charges and other non-current assets
total deferred charges and other non-current assets																																						101,404,000
other commitments and contingencies
other																																														18,497,000	21,974,000	21,677,000	21,129,000	21,002,000	21,048,000	20,660,000	20,449,000	20,067,000	19,031,000	18,334,000	18,086,000	19,988,000	16,989,000	16,054,000
deferred investment tax credits																																															49,000	57,000	65,000	74,000	84,000	93,000	103,000	113,000	127,000	142,000	156,000	171,000	243,000	193,000	204,000	214,000	235,422
accrued asset removal cost—regulatory liability																																															39,851,000	39,991,000	40,007,000	39,510,000	39,156,000	38,923,000	38,554,000	38,096,000	37,899,000	37,461,000	37,013,000
other liabilities																																															3,775,000	3,491,000	2,484,000	2,477,000	2,102,000	1,625,000	1,580,000	1,558,000	9,262,000	8,514,000	8,668,000	8,259,000	9,584,000	4,814,000	4,245,000	4,069,000	3,929,612
long-term receivables																																																										79,000	155,000	343,000	390,000	435,000	533,356
other deferred charges																																																										3,132,000	3,860,000	3,891,000	3,798,000	3,819,000	3,823,448
accrued asset removal cost - regulatory liability																																																										36,584,000
accrued asset removal cost — regulatory liability																																																											35,092,000	33,214,000
investments																																																												1,959,000	1,834,000	1,647,000	1,600,790
natural gas																																																													322,527,000	321,413,000	316,124,761
propane																																																													52,588,000	52,044,000	51,827,293
advanced information services																																																													1,434,000	1,430,000	1,439,390
other plant																																																													10,911,000	10,920,000	10,815,345
accrued asset removal cost																																																													21,317,000	21,133,000	20,641,279	15,024,849
assets
commitments and contingencies
current
underrecovered purchased gas costs																																																																1,479,358
cash-in/cash-out and gas required for operations																																																																32,707
conservation cost recovery																																																																186,234
flex rate asset																																																																736,985
total current regulatory assets																																																																2,435,284
non-current
income tax related amounts due from customers																																																																711,961
deferred regulatory and other incomes																																																																200,746
deferred gas supply																																																																15,201
deferred gas required for operations																																																																141,082
deferred post retirement benefits																																																																194,529
environmental regulatory assets and expenditures																																																																279,222
total other regulatory assets																																																																1,542,741
total regulatory assets																																																																3,978,025
self insurance — current																																																																127,000
overrecovered purchased gas costs
shared interruptible margins																																																																135,098
operational flow order penalties																																																																130,338
swing transportation imbalances																																																																178,675
total current regulatory liabilities																																																																571,111
self insurance — long-term																																																																1,221,101
income tax related amounts due to customers																																																																324,974
environmental overcollections																																																																32,299
total other regulatory liabilities																																																																1,578,374
total regulatory liabilities																																																																17,174,334
for the years ended december 31,																																																																2,004
calculation of basic earnings per share from continuing operations:
net income from continuing operations																																																																9,549,667
weighted-average shares outstanding																																																																5,735,405
basic earnings per share from continuing operations																																																																1.66
calculation of diluted earnings per share from continuing operations:
reconciliation of numerator:
net income from continuing operations — basic																																																																9,549,667
effect of 8.25% convertible debentures																																																																139,097
adjusted numerator — diluted																																																																9,688,764
reconciliation of denominator:
weighted shares outstanding — basic																																																																5,735,405
effect of dilutive securities
stock options																																																																1,784
warrants																																																																7,900
8.25% convertible debentures																																																																162,466
adjusted denominator — diluted																																																																5,907,555
diluted earnings per share fron continuing operations																																																																1.64

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	59,300,000	46,100,000	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	13,598,064,032	-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	21,500,000	24,000,000	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	8,998,215,521				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	4,300,000		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	2,237,382,382				801,121	852,405	845,356	837,624	813,557	784,527	762,136	741,846	698,894	679,114
deferred income taxes	20,000,000		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	11,435,558,015			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 loss on investments and commodity contracts	400,000																								1,511,000
employee benefits and compensation	100,000						-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	3,500,000	2,500,000	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
changes in assets and liabilities:
accounts receivable and accrued revenue	-11,300,000	-48,300,000	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	19,392,000,922				-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	5,200,000	-900,000	-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	-1,722,371,159				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	1,400,000		-14,700,000	-5,900,000	3,600,000		-7,126,000
prepaid expenses and other current assets	1,300,000	1,300,000	-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	-1,173,937,567				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	9,400,000	2,900,000	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	-15,132,245,378				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	5,000,000		-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	-6,152,001,541				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	200,000	-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	-501,242,616			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	-11,500,000	9,400,000	-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	-174,253,794			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	8,900,000	-8,700,000	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	157,312,377			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	3,700,000	-3,200,000	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	118,000,000	35,400,000	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	28,528,965,886	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
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0			0	0	0	0	0	0	0	0	0	0
free cash flows	118,000,000	35,400,000	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	28,528,965,886	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	-141,900,000	-126,400,000	-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	-30,732,120,670	-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	100,000	8,900,000	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
environmental expenditures	100,000				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	-479,396,470	-203,776
net cash from investing activities	-141,700,000	-117,500,000	-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	-16,200,000	-15,900,000	-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	-7,950,965,485	-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	5,200,000	46,900,000	14,900,000	41,400,000	19,800,000
tax withholding payments related to net settled stock compensation	-2,000,000	0	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	-400,000	-2,000,000	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				-685,255,026	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 under line of credit agreements	42,000,000
repayment of long-term debt and finance lease obligation	-2,000,000	-11,000,000	-1,900,000	-10,600,000	-2,000,000
net cash from financing activities	26,600,000	82,100,000	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	76,317,000	25,854,000	-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 increase in cash and cash equivalents	2,900,000									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	-981,632,069	-564,801						-212,326			-401,147	279,762
cash and cash equivalents—beginning of period	1,800,000		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	4,700,000		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
adjustments to reconcile net income to net operating cash:
depreciation and accretion included in operations expenses
deferred income taxes and investment tax credits
realized gains on sale of assets/commodity contracts
unrealized gains on investments/commodity contracts
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					4,040,986				1,794	101	-1,000	-839	-15,511	-1,279	-1,278	-528	-60,184	-3,349
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
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
acquisitions, net of cash acquired						-3,000	0	-9,000	612,000					-9,760,000	0							-6,602,000												-238,000								0	0
net borrowings (repayments) under line of credit agreements		64,100,000	-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		0																																7,000	0											0	-25,000			20,000,000	0							0	0
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	2,590,208,199	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	1,608,576,130	-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
unrealized gain on investments and commodity contracts			-900,000	-1,300,000	400,000		-690,000
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
realized (loss) on sale of assets/commodity contracts
unrealized loss on investments/commodity contracts									-830,000	-1,095,000	310,000	-580,000	-551,000	-541,000	402,000	1,415,000	541,000		39,000	-599,000	-389,000								-721,000			-158,000	44,000			52,000	132,000	-142,000			18,000				21,000
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	-7,655,602,870	-58			-6,636,397	-51	-63	-1,020,069	-3,000,055	-909,165	-210	-1,020,244	-3,000,231	-789,399
realized (loss) on commodity contracts and sale of assets									-1,811,000
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	28,525,662	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
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
unrealized gain on investments/commodity contracts																											64,000																247,000
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 cash (used) provided by financing activities																								15,494,000	-30,313,000
realized (gain) loss on commodity contracts/sale of assets/investments
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
realized loss on commodity contracts/sale of assets/investments																												-209,000	-363,000		158,000					893,000	1,330,000			185,000	479,000
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
(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
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
realized gain on commodity contracts/sale of assets/investments																																	3,416,000										275,000	154,000	-840,000
proceeds from long-term debt under the revolver																																	25,000,000
repayment of long term debt and capital lease obligation																																	-428,000
realized loss on sale of assets/investments
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
change in intangibles
net cash used by investing activities																																																																		-3,436,000	-7,731,000	-7,844,000	-4,132,000	-31,211,517,140	-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
realized gain on sale of assets/investments
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	68,366,789			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 loss on commodity contracts																																															5,000	-6,000	68,000	60,000	-124,000	61,000	-214,000	192,000	-85,000												247,000	-159,000	1,294,000										-609,200	-43,624	-56,091
unrealized loss on investments																																																																			-142,000	-113,000	94,000									-86,142
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	410,765,544			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	-3,104,558,577			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										-18,106	-160,247	-27,956			12,822	-69,450
income taxes receivable and payable																																																-8,260,000	11,565,000
sale of investments																																																	184,000					-9,000	-60,000
loss on sale of assets																																																		-10,000	-103,000			75,000	-15,000					37,000	57,000
realized gain on sale of investments																																																						-68,000
other deferred charges																																																																		-153,000	6,000			-152,600,785			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																																																																						207,159,440			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	819,636,014
(purchase) issuance of stock for dividend reinvestment plan																																																										-324,000	-311,000	-302,000	-307,000
(gain) loss on sale of assets																																																									-36,000	-4,000
unrealized (gain) loss on commodity contracts																																																									60,000
sale (purchase) of investments																																																										-39,000	441,000						-30,000				34,000	-200,470,536				56,183	101,510							-58,674
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
unrealized (gain) loss on investments
proceeds from investments
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 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.

Chesapeake Utilities Corporation(NYSE:CPK)

Chesapeake Utilities Corporation
(NYSE:CPK)