[8-K] CHESAPEAKE UTILITIES CORP Reports Material Event
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Chesapeake Utilities Corporation announced the Florida Energy Pathway, a new intrastate natural gas infrastructure project in south Florida to be developed, constructed and operated by its subsidiary Peninsula Pipeline Company. The 24-inch pipeline will run from Palm Beach County to Miami-Dade County to relieve regional natural gas supply constraints, enhance reliability and extend service to homes and businesses.
The project is anchored 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 project investment is estimated at approximately $1.2 billion, with targeted in-service in 2030, subject to final commissioning. Chesapeake Utilities is evaluating financing options and plans to partner with one or more third parties that may invest in and own up to 49% of the project. Management plans to discuss the project and long-term capital investment expectations further on the second quarter earnings call in August.
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8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 13, 2026
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(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction | (Commission | (I.R.S. Employer | ||||||||||||
| of incorporation) | File Number) | Identification No.) | ||||||||||||
(Address of principal executive offices, including Zip Code)
Registrant's telephone number, including area code: 302 .734.6799
Not Applicable
Former name or former address, if changed since last report.
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
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Item 8.01 | Other Items. | |||||||
On July 13, 2026, Chesapeake Utilities Corporation and its subsidiary, Peninsula Pipeline Company, issued a press release announcing the Florida Energy Pathway project, a new approximately $1.2 billion intrastate natural gas infrastructure project to be developed, constructed, and operated in south Florida.
The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
Item 9.01 | Financial Statements and Exhibits. | |||||||
(d) Exhibits
| Exhibit No. | Description | |||||||
99.1 | Press Release, dated July 13, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Chesapeake Utilities Corporation | ||||||||
Date: July 13, 2026 | /s/ Jeffrey S. Sylvester | |||||||
| Jeffrey S. Sylvester | ||||||||
| Senior Vice President and Chief Financial Officer | ||||||||
Exhibit 99.1
FOR IMMEDIATE RELEASE
July 13, 2026
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 250,000 dekatherms per day from multiple investment grade shippers. Upstream capacity will be supplied by Florida Gas Transmission in conjunction with its Phase IX expansion. PPC is also accepting binding commitments with additional shippers for firm transportation service.
Total project investment is estimated to be approximately $1.2 billion, pending finalization of design and development activities. The project is anticipated to be in-service in 2030, subject to final commissioning. Chesapeake Utilities is evaluating options for financing the project and intends to partner with one or more third parties to invest in and own up to 49% of the total project.
“Florida continues to lead the nation in population and economic growth, which drives increasing energy demand. In the south Florida area, this has led to significant energy supply constraints. Natural gas infrastructure expansions, including the Florida Energy Pathway project, play an important role in enabling regional growth, increasing natural gas capacity and supporting long-term energy independence,” said Jeff Householder, Chesapeake Utilities chair of the board, president and chief executive officer.
“Florida Energy Pathway represents a long-term, regulated, organic growth opportunity and aligns strategically with our natural gas transportation expertise, above-average growth expectations and increased presence in south Florida following the acquisition of Florida City Gas. We are excited to bring this project online to serve our customers’ needs and deliver energy that strengthens our local economies and communities.”
Chesapeake Utilities will discuss this project in further detail and address its long-term capital investment expectations on its second quarter earnings call in August.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange. Chesapeake Utilities Corporation offers sustainable energy solutions through its natural gas transmission and distribution, electricity generation and distribution, propane gas distribution, mobile compressed natural gas utility services and solutions, and other businesses. For more information, visit www.chpk.com.
About Peninsula Pipeline Company
Peninsula Pipeline Company (PPC) is Chesapeake Utilities' intrastate transmission business in Florida. PPC provides transportation service that links interstate pipelines to local distribution systems, industrial customers and power generation facilities. For more information, visit www.peninsula-pipeline.com/.
Forward-Looking Statements
Forward-Looking Statements Matters included in this release may include forward-looking statements that involve risks and uncertainties. Forward-Looking statements include, but are not limited to, statements regarding project investment, timeline and financing. Actual results may differ materially from those in the forward-looking statements due to a number of factors, including uncontrollable authorization and construction impediments. Please refer to the Safe Harbor for Forward-Looking Statements in the Company’s 2025 Annual Report on Form 10-K and Quarterly Report on Form 10-Q for the first quarter of 2026 for further information on the risks and uncertainties related to the Company’s forward-looking statements.
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Media
Alexander Nye
Director, Strategic Communications
727.754.0136
ANye@chpk.com
Investors
Lucia Dempsey
Head of Investor Relations
347.804.9067
LDempsey@chpk.com