Earnings ·
Reports Q3 EPS of $0.89, establishes $225M ATM equity program and Florida Energy Pathway joint venture
CPKChesapeake Utilities Corp
Chesapeake Utilities reported third-quarter 2026 net income of $21.6 million, or $0.89 per diluted share, compared to $19.4 million, or $0.82, in the prior year. Year-to-date adjusted EPS grew 8.4% to $4.40. The company announced a new at-the-market equity offering program allowing it to issue up to $225 million of common stock and established a joint venture with NextEra Energy Resources to finance and own 49 percent of the $1.2 billion Florida Energy Pathway natural gas transmission project. Chesapeake Utilities operates regulated energy distribution and unregulated energy services in Delaware, Maryland, and Florida.