- Net income and earnings per share (“EPS”)* were $25.4 million and $1.05, respectively, for the second quarter and $84.7 million and $3.51, respectively, year to date
- Year-to-date growth rate of 8.0 percent on Adjusted EPS**, which excludes the transaction and transition-related expenses attributable to the acquisition and integration of Florida City Gas (“FCG”)
- Adjusted gross margin** growth of $7.4 million for the second quarter and $31.2 million year to date, representing a 9.6 percent growth rate for the six months ended June 30, 2026, driven largely by transmission expansion projects, regulatory initiatives and infrastructure programs, natural gas organic growth, and improved contributions from unregulated businesses.
- The Company is increasing its 2026 capital guidance range to $550 – $600 million in light of advances on various capital projects
Dover, Delaware — Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or the “Company”) today announced financial results for the three and six months ended June 30, 2026.
Additional highlights include:
- Announced the Florida Energy Pathway (“FEP”) project, a $1.2 billion natural gas pipeline project in south Florida with approximately 250,000 Dts/d of committed capacity; targeted in-service date in 2030
- Increased capacity under the Company’s revolving credit facility to $650 million to support capital investment growth
- Capital investment of $139.7 million during the second quarter of 2026, bringing the year-to-date total to $261.6 million
- Interim rates of $16.2 million on an annualized basis, effective in July 2026, were approved by the Florida Public Service Commission (“PSC”) in connection with the Company’s ongoing FCG rate case
“Our second quarter results demonstrate consistent operational and financial performance as we make substantial progress on transforming for the next phase of sustained enterprise growth,” said Jeff Householder, the Company’s Chair of the Board, President and Chief Executive Officer. “We are also excited to be moving forward with the Florida Energy Pathway infrastructure project. This represents a significant investment opportunity to bring capacity and reliability to south Florida and support long-term growth across the state.”
