The energy market remains volatile, but utilities are apparently thriving despite pressure in the sector.
Michael McMasters, president and chief executive officer of Chesapeake Utilities, told CNBC on Wednesday that the company is "doing well."
Although Chesapeake Utilities' stock fell slightly on Wednesday, it's up more than 30 percent in the past 12 months.
"It's about making smart investments and then executing on those investments," McMasters said.
He also told "Closing Bell" that as a natural gas distributor and pipeline provider, low commodities prices have benefited the company.