CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Nine-month adjusted EPS $4.40, up 8.4% year to date
- ➤FEP project totals $1.2 billion for 97-mile Florida gas transmission
- ➤NextEra Energy Resources joint venture will own 49% of FEP
- ➤2026 capital spending guidance reaffirmed at $550-$600 million
- ➤New ATM program authorizes up to $225 million in common-stock sales
Expert Statements
Jeff Householder, Chair of the Board, President and Chief Executive Officer of Chesapeake Utilities Corporation
“In the third quarter, we demonstrated continued earnings growth and made progress on the transformation of our business as we prepare for our next phase of growth and drive value for our customers and communities.”
Jeff Householder, Chair of the Board, President and Chief Executive Officer of Chesapeake Utilities Corporation
“We are also excited to move forward with the FEP project through a strategic partnership with NextEra Energy Resources, which supports our disciplined approach to capital deployment and infrastructure investment.”
Jeff Householder, Chair of the Board, President and Chief Executive Officer of Chesapeake Utilities Corporation
“We believe we are well positioned to expand natural gas transportation capacity to meet growing customer demands in one of the nation7s fastest-growing regions.”
CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2026 RESULTS PR Newswire
* Net income and earnings per share ("EPS")* were $21.6 million and $0.89, respectively, for the third quarter of 2026 and $106.3 million and $4.40, respectively, for the nine months ended September 30, 2026 with a year-to-date growth rate of 8.4 percent on Adjusted EPS** * Adjusted gross margin** growth of $11.5 million for the third quarter of 2026 and $42.7 million year to date, representing a 9.2 percent growth rate for the nine months ended September 30, 2026, driven largely by regulatory initiatives and infrastructure programs, transmission expansion projects, natural gas organic growth, improved contributions from our unregulated businesses, and increased customer consumption. * Announced a joint venture agreement with NextEra Energy Resources to finance and own 49 percent of the Florida Energy Pathway ("FEP") project, a $1.2 billion, 97-mile intrastate natural gas transmission infrastructure project that supports energy reliability in South Florida. DOVER, Del., Nov. 5, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation (NYSE: CPK) ("Chesapeake Utilities" or the "Company") today announced financial results for the three and nine months ended September 30, 2026.
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