Uncategorized News
Chesapeake Utilities Corporation Announces Sale of 49% Ownership Interest in Florida Energy Pathway Project
NextEra Energy Resources to acquire a minority interest in landmark South Florida natural gas infrastructure project. DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK), through its indirect subsidiary Peninsula Pipeline Holdings, LLC (“Peninsula”), today announced it sold a minority interest in Florida Energy Pathway (FEP), a natural gas transmission infrastructure project designed to support South Florida's growing energy needs. Under the agreement, Peninsula will retain 51% ownership of the project and NextEra Energy Resources (“NEER”) will acquire a 49% minority ownership interest. The joint venture engaged Chesapeake Utilities’ subsidiary, Peninsula Pipeline Company, Inc., to construct, manage and operate the project. FEP is anticipated to be a 24-inch intrastate natural gas infrastructure project constructed from Palm Beach County [...]
Chesapeake Utilities Corporation Reports Second Quarter 2026 Results
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, [...]
Chesapeake Utilities Corporation Announces Quarterly Dividend
Dover, Delaware – At their meeting held yesterday, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.735 per share on the Company’s common stock. The $0.735 per share dividend will be paid on October 5, 2026, to all shareholders of record at the close of business on September 14, 2026. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corporation Chesapeake Utilities Corporation is a diversified energy delivery company, listed on [...]
Chesapeake Utilities to Host its Second Quarter 2026 Earnings Conference Call and Webcast on August 7, 2026
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Friday, August 7, 2026 at 8:30 a.m. ET to discuss the Company’s financial results for the second quarter ended June 30, 2026. The earnings press release will be issued on Thursday, August 6, 2026, after market close. To listen to the Company’s conference call via live webcast, please register here prior to the call. The accompanying presentation will also be available in the registration link for listeners to follow along during the webcast. For investors and analysts that wish to participate by phone for the [...]
Chesapeake Utilities Corporation Announces Florida Energy Pathway Project
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) (the “Company” or “Chesapeake Utilities”) and its subsidiary, Peninsula Pipeline Company (“PPC”), today announced the Florida Energy Pathway (“FEP”), a new intrastate natural gas infrastructure project in south Florida. This project will be developed, constructed and operated by PPC to expand natural gas transportation capacity to address regional supply constraints, enhance system reliability and extend natural gas infrastructure to serve homes and businesses. FEP is anticipated to be a 24-inch intrastate natural gas pipeline originating in Palm Beach County and terminating in Miami-Dade County. The project is anchored by firm commitments totaling nearly [...]
Chesapeake Utilities Corporation to Participate in the 2026 AGA Financial Forum
DOVER, Del. — Chesapeake Utilities Corporation (NYSE: CPK or the “Company”) today announced that members of its senior leadership team will participate in the American Gas Association (AGA) Financial Forum, taking place May 16–19 in Scottsdale, Arizona. The AGA Financial Forum is a premier annual gathering that brings together energy industry executives, institutional investors, sell-side and buy-side analysts, portfolio managers, rating agencies and bankers to evaluate the outlook for the energy sector and individual companies. Representatives from Chesapeake Utilities will engage in meetings with members of the investment community throughout the forum, discussing the Company’s long-term growth strategy, disciplined [...]
Chesapeake Utilities Corporation Reports First Quarter 2026 Results
Net income and earnings per share ("EPS")* were $59.3 million and $2.47, respectively, representing an EPS growth rate of 11.8 percent compared to the prior year Adjusted gross margin** growth of $23.8 million during the first quarter of 2026 driven primarily by regulatory initiatives and infrastructure programs, natural gas organic growth Capital investment of $121.9 million during the first quarter of 2026 Florida City Gas ("FCG") filed a petition in April 2026 seeking a general rate base increase, subject to review and approval by the Florida Public Service Commission ("PSC") The Company continues to re-affirm its 2026 and 2024-2028 [...]
Chesapeake Utilities Corporation Raises Dividend by 7.3 Percent
Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) voted to increase the quarterly cash dividend on the Company’s common stock from $0.685 per share to $0.735 per share. The Board’s action raises the 2026 annualized dividend by $0.20 from $2.74 to $2.94 per share, a 7.3 percent increase. The $0.735 per share quarterly dividend will be payable July 6, 2026 to all shareholders of record at the close of business on June 15, 2026. “The Board’s decision to increase the annualized dividend rate reflects our disciplined approach to capital allocation: [...]
Chesapeake Utilities to Host its First Quarter 2026 Earnings Conference Call and Webcast on May 7, 2026
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) will host a conference call on Thursday, May 7, 2026, at 8:30 a.m. ET to discuss the Company’s financial results for the first quarter ended March 31, 2026. The earnings press release will be issued on Wednesday, May 6, 2026, after market close. To listen to the Company’s conference call via live webcast, please register here prior to the call. The accompanying presentation will also be available in the registration link for listeners to follow along during the webcast. For investors and analysts that wish to participate by phone for the question [...]
Chesapeake Utilities Announces Appointment of Chief Transformation Officer and Chief Accounting Officer
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced two leadership appointments that reinforce the Company’s commitment to operational excellence and long-term growth. Effective April 1, senior vice president and chief accounting officer Michael Galtman will assume the role of chief transformation officer to oversee the Company’s enterprise resource plan (ERP) implementation in addition to managing financial planning, corporate development, tax and treasury operations. In conjunction with this transition, Melissa Barnes, who joined the Company on March 30, 2026, has been appointed vice president and chief accounting officer, and will be responsible for the Company’s accounting and financial reporting [...]
Chesapeake Utilities CFO Beth Cooper Announces Retirement, COO Jeff Sylvester Named Successor
DOVER, Del. – Chesapeake Utilities Corporation (NYSE: CPK) today announced that executive vice president and chief financial officer Beth Cooper will retire on June 30, 2026, following 36 years with the Company. Senior vice president and chief operating officer Jeff Sylvester, who began his career with Chesapeake Utilities in 2004 serving in finance and business development roles, will succeed Cooper, effective July 1, 2026. Cooper joined Chesapeake Utilities in 1990 and held numerous roles in the financial and strategic planning areas of the Company until she was named CFO in September 2008. Throughout her tenure, she advanced the Company’s strategy [...]
Sharp Energy Named Best Propane Supplier for 2026 by BusinessRate
BusinessRate Best of Award reflects the trust of customers across the Wilmington community. DOVER, Del. – Sharp Energy, a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK) has been recognized as Best Propane Supplier in Wilmington, North Carolina, for 2026 as part of the BusinessRate Best of 2026 Awards, which highlight top local businesses for customer satisfaction, brand reputation and service excellence. The BusinessRate Best of 2026 Awards celebrate businesses that demonstrate consistent excellence and strong customer relationships, helping consumers identify trusted local service providers in their communities. The awards are determined using real Google reviews from customers, analyzed through [...]
Chesapeake Utilities Corporation and Subsidiary Florida City Gas Commit $500,000 to Rockledge Department of Safety to Enhance First Responder Training and Strengthen Regional Safety GalleryChesapeake Utilities Corporation and Subsidiary Florida City Gas Commit $500,000 to Rockledge Department of Safety to Enhance First Responder Training and Strengthen Regional Safety
Chesapeake Utilities Corporation and Subsidiary Florida City Gas Commit $500,000 to Rockledge Department of Safety to Enhance First Responder Training and Strengthen Regional Safety
DOVER, Del. — Chesapeake Utilities Corporation (NYSE: CPK) and its subsidiary Florida City Gas announced a $500,000 sponsorship commitment to support the Rockledge Department of Safety Regional Training Center, reinforcing their shared commitment to safety, emergency preparedness and ongoing community engagement across Florida’s Space Coast. Safety is central to Chesapeake Utilities Corporation and Florida City Gas operations, from maintaining natural gas systems to supporting emergency response and community resilience. Florida City Gas has served communities across Florida since the 1940s, with safety embedded in its operations through ongoing investment in training, system integrity and emergency preparedness. That commitment is [...]
Chesapeake Utilities Corporation Reports Fiscal Year 2025 Results
Earnings per share ("EPS")* was $5.97 for the full year 2025 and $1.93 for the fourth quarter of 2025 Adjusted EPS**, which excludes transaction and transition-related expenses attributable to the acquisition of Florida City Gas ("FCG") in late 2023, was $6.01 for the full year 2025 and $1.94 for the fourth quarter of 2025, representing annual growth of 11.5 percent compared to the prior year Adjusted gross margin** increased by $71.1 million during the year driven primarily by regulatory initiatives and infrastructure programs, natural gas organic growth, transmission expansion projects, and increased demand for Marlin's services Record capital spending [...]
Chesapeake Utilities Corporation Announces Quarterly Dividend
Dover, Delaware – At their meeting held today, the Board of Directors of Chesapeake Utilities Corporation (NYSE: CPK) declared a quarterly cash dividend of $0.685 per share on the Company’s common stock. The $0.685 per share dividend will be paid on April 6, 2026, to all shareholders of record at the close of business on March 16, 2026. With this dividend, Chesapeake Utilities will have paid dividends to its shareholders without interruption for 65 years and since 2004, has increased its annualized dividend every year. About Chesapeake Utilities Corporation: Chesapeake Utilities Corporation is a diversified energy delivery company, listed [...]
