Welcome to our dedicated page for Chesapeake Utils news (Ticker: CPK), a resource for investors and traders seeking the latest updates and insights on Chesapeake Utils stock.
Chesapeake Utilities Corporation reports developments from a diversified energy delivery business built around regulated and unregulated energy operations. The company distributes natural gas, electricity and propane, transmits natural gas, generates electricity and steam, and provides mobile compressed natural gas and other energy-related services.
Recurring updates cover earnings, adjusted gross margin, capital investment, regulatory initiatives, infrastructure programs, natural gas organic growth, transmission expansion projects, customer consumption, rate proceedings, dividends, and leadership or governance changes. Company-specific developments also include Florida City Gas, Peninsula Pipeline, Aspire Energy Express and other utility and pipeline operations subject to state utility commission or FERC oversight.
Chesapeake Utilities (NYSE: CPK), through indirect subsidiary Peninsula Pipeline Holdings, announced the sale of a 49% minority ownership interest in the Florida Energy Pathway (FEP) natural gas transmission project to NextEra Energy Resources, with Peninsula retaining 51% ownership.
The joint venture has engaged Chesapeake Utilities’ subsidiary Peninsula Pipeline Company to construct, manage and operate the intrastate 24-inch pipeline from Palm Beach County to Miami-Dade County. The total project investment is estimated at approximately $1.2 billion, with construction targeted to begin in the first half of 2028 and anticipated in-service timing in 2030, subject to final commissioning.
Chesapeake Utilities (NYSE: CPK) reported second-quarter 2026 net income of $25.4 million and diluted EPS of $1.05, up from $23.9 million and $1.02 a year earlier. Year-to-date net income was $84.7 million with diluted and adjusted EPS of $3.51, reflecting an 8.0% year-to-date growth rate in Adjusted EPS.
Adjusted gross margin increased $7.4 million in the quarter and $31.2 million year to date, a 9.6% growth rate for the six months, driven by transmission expansions, regulatory and infrastructure programs, natural gas growth and stronger unregulated businesses. The company invested $139.7 million in capital in Q2 and $261.6 million year to date.
Chesapeake Utilities announced the $1.2 billion Florida Energy Pathway (FEP)/b) natural gas pipeline in south Florida with about , targeting in-service in 2030. 2026 capital expenditure guidance was raised by $100 million to $550–$600 million, and long-term 2024–2028 capital investment is now expected to exceed $2.2 billion, compared with prior guidance of $1.5–$1.8 billion. The company reaffirmed 2028 EPS guidance of $7.75–$8.00 and increased its revolving credit facility capacity to $650 million. The Florida PSC also approved $16.2 million of interim annualized rates effective July 2026 in the ongoing Florida City Gas rate case.
Chesapeake Utilities (NYSE: CPK) declared a quarterly cash dividend of $0.735 per share on its common stock, following a Board meeting held August 5, 2026. The dividend is payable on October 5, 2026 to shareholders of record as of September 14, 2026. According to Chesapeake Utilities, this payment extends an uninterrupted dividend record to 65 years and continues a pattern of increasing the annualized dividend every year since 2004.
Chesapeake Utilities (NYSE: CPK) will host a second-quarter 2026 earnings conference call and webcast on Friday, August 7, 2026 at 8:30 a.m. ET. The company plans to release its Q2 2026 financial results on Thursday, August 6, 2026, after market close. Investors can access the live webcast and presentation via online registration, or join the Q&A portion by phone using toll-free 800-245-3047, international 203-518-9765, and Conference ID CPKQ226. A replay and presentation will be available in the Events & Presentations section of the Investors page on www.chpk.com.
Chesapeake Utilities (NYSE: CPK) announced the Florida Energy Pathway (FEP), a new 24-inch intrastate natural gas pipeline to be developed, constructed and operated by subsidiary Peninsula Pipeline Company in south Florida, running from Palm Beach County to Miami-Dade County.
The project is backed by firm commitments totaling nearly 250,000 dekatherms per day from multiple investment grade shippers, with upstream capacity supplied by Florida Gas Transmission’s Phase IX expansion. Total investment is estimated at about $1.2 billion, with anticipated in-service in 2030, subject to final commissioning. Chesapeake Utilities is evaluating financing options and intends to bring in third-party investors to own up to 49% of the project.
Chesapeake Utilities (NYSE: CPK) announced that senior leaders will participate in the 2026 AGA Financial Forum, held May 16–19 in Scottsdale, Arizona.
They plan to meet with investors and analysts to discuss long-term growth strategy, capital deployment, and providing safe, reliable, affordable energy. A conference presentation will be posted in the Investors section of the company website.
Chesapeake Utilities (NYSE: CPK) reported first-quarter 2026 results with net income of $59.3 million and EPS of $2.47. Adjusted gross margin rose to $206.2 million, a 13.0% increase versus prior year. Capital investment was $121.9 million in Q1. The company reaffirmed 2026 capex guidance of $450–$500 million, five-year 2024–2028 capex of $1.5–$1.8 billion, and 2028 EPS guidance of $7.75–$8.00. Florida City Gas filed for a general rate base increase in April 2026.
Chesapeake Utilities (NYSE: CPK) announced a quarterly cash dividend increase from $0.685 to $0.735 per share, raising the 2026 annualized dividend from $2.74 to $2.94 (a 7.3% increase).
The $0.735 quarterly dividend is payable July 6, 2026 to shareholders of record at the close of business on June 15, 2026. The company has paid uninterrupted dividends for 65 years and increased its annualized dividend each year since 2004.
Chesapeake Utilities (NYSE: CPK) will host its first quarter 2026 earnings conference call on May 7, 2026 at 8:30 a.m. ET to discuss results for the quarter ended March 31, 2026.
The company will issue its Q1 2026 earnings release on May 6, 2026 after market close. A live webcast requires prior registration; the presentation will be available via the registration link and in the Events & Presentations section of the investor website. A replay will be posted after the call. Investor relations contact information is provided for further inquiries.
Chesapeake Utilities (NYSE: CPK) announced management appointments effective April 1, 2026: Michael Galtman moves from chief accounting officer to chief transformation officer to lead the ERP implementation and finance-related functions, while Melissa Barnes, who joined March 30, 2026, becomes vice president and chief accounting officer.
The moves align with succession planning, ERP rollout, and continued focus on financial controls, reporting and corporate development under incoming CFO Jeff Sylvester.