CHESAPEAKE UTILITIES CORP PP&E Disclosure
| As of December 31, | |||||||||||
| (in millions) | 2025 | 2024 | |||||||||
| Property, plant and equipment | |||||||||||
| Regulated Energy | |||||||||||
| Natural gas distribution - Delmarva Peninsula and Florida | $ | 1,828.2 | $ | 1,679.3 | |||||||
| Natural gas transmission - Delmarva Peninsula, Pennsylvania, Ohio and Florida | 927.9 | 819.5 | |||||||||
| Electric distribution | 185.4 | 163.0 | |||||||||
| Unregulated Energy | |||||||||||
| Propane operations – Mid-Atlantic, Virginia, North Carolina, South Carolina and Florida | 208.1 | 201.6 | |||||||||
| Natural gas transmission and supply – Ohio | 147.6 | 139.2 | |||||||||
| Electricity and steam generation | 37.4 | 37.4 | |||||||||
| Mobile CNG and pipeline solutions | 64.8 | 52.8 | |||||||||
| Sustainable energy investments, including renewable natural gas related investments | 34.6 | 32.7 | |||||||||
| Other | 38.3 | 29.9 | |||||||||
| Total property, plant and equipment | 3,472.3 | 3,155.4 | |||||||||
| Less: Accumulated depreciation and amortization | (637.6) | (567.6) | |||||||||
| Plus: Construction work in progress | 283.7 | 148.1 | |||||||||
| Net property, plant and equipment | $ | 3,118.4 | $ | 2,735.9 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 25, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 21, 2024 | |
| 2022 | Feb 22, 2023 | |
| 2021 | Feb 23, 2022 | |
| 2020 | Feb 24, 2021 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.