Chesapeake Utilities Corporation announced the sale of a 49% minority interest in its Florida Energy Pathway project to NextEra Energy Resources, with Chesapeake retaining 51% ownership. The joint venture involves an estimated total investment of approximately $1.2 billion for the intrastate natural gas transmission infrastructure connecting Palm Beach County to Miami-Dade County. Construction is expected to begin in the first half of 2028, with the project anticipated to be in-service by 2030. Chesapeake's subsidiary will serve as the operator under a Construction, Operation and Management Agreement. Chesapeake Utilities Corporation operates as a diversified energy delivery company providing natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, and mobile compressed natural gas utility services.

Chesapeake Utilities Corporation reported second quarter and year-to-date financial results for the period ended June 30, 2026. The company posted net income of $25.4 million ($1.05 diluted EPS) for Q2 and $84.7 million ($3.51 diluted EPS) year-to-date. Adjusted EPS grew 8.0% year-over-year on a YTD basis, driven by transmission expansion projects, regulatory initiatives, and organic natural gas growth. The company announced the Florida Energy Pathway (FEP), a $1.2 billion natural gas pipeline project in south Florida with a targeted in-service date of 2030. Chesapeake increased its 2026 capital expenditure guidance to $550–$600 million and raised its revolving credit facility capacity to $650 million. Additionally, the Florida Public Service Commission approved interim rates totaling $16.2 million on an annualized basis for its Florida City Gas unit, effective July 2026. The company operates in the regulated energy sector, providing natural gas distribution, electric utility services, and unregulated propane and energy solutions.

Chesapeake Utilities Corporation and its subsidiary, Peninsula Pipeline Company, announced the Florida Energy Pathway project, a new approximately $1.2 billion intrastate natural gas infrastructure project in south Florida. Chesapeake Utilities Corporation operates in the energy sector, providing natural gas, water, and electricity services.