Chesapeake Drops After Winning Warrior Friendly Award

Chesapeake Utilities Corporation (NYSE:CPK) shares declined Thursday, despite news the Dover, Delaware firm has been recognized as a 2025 Warrior Friendly Business by the Delaware State Chamber of Commerce Joint Military Affairs Committee (JMAC). The Company was honored in the Over 50 Employees category. The award, which recognizes the efforts of employers to support service members, veterans and their family members through workplace initiatives, was presented on Feb. 20 at the JMAC's annual State of the Guard Address.Chesapeake Utilities is committed to building a workforce that mirrors the diversity and strength of the communities we serve. Our veteran colleagues possess invaluable attributes and skills that align closely with roles in the energy industry, including technology, logistics, construction and security. In 2024, Chesapeake Utilities partnered with over 130 veteran service organizations across our service territories, resulting in the hiring of 12 veterans as of November.The Company's Veterans Employee Resource Group (ERG) connects veterans, coworkers and supporters to raise awareness of veterans' skills and challenges, foster camaraderie and provide mentorship. Its outreach includes an annual Veterans Day Leadership Symposium and service activities like supporting Honor Flights and Wreaths Across America in our communities."Veterans bring leadership, teamwork, adaptability and technical expertise to Chesapeake Utilities," said Michael Cassel, vice president, governmental and regulatory affairs. Being named a Warrior Friendly Business highlights our commitment to a values-driven workplace and supporting those who serve."CPK shares lost 67 cents to $123.67.