Every 8-K that Chesapeake Utilities (CPK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CPK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPK filings page.
Chesapeake Utilities Corporation (CPK) established an at-the-market equity program under which it may sell common stock from time to time for an aggregate sales price of up to $225,000,000, including shares sold through forward sale agreements. Sales may be made through managers or forward sellers in ordinary broker, market-maker or negotiated transactions.
For forward sales, Chesapeake initially receives no proceeds from borrowed-share sales and expects proceeds upon future physical settlement on dates it specifies on or before the applicable agreement’s maturity. If it elects cash settlement, it may receive no proceeds and may owe cash; with net share settlement, it will receive no proceeds and may owe common shares. Manager commissions may not exceed 2.0% of gross sale price per share; forward-seller commissions may be up to 2.0% of volume-weighted average sales prices during the forward hedge selling period. Net proceeds, if any, are intended for general corporate purposes, including capital expenditures, repayment of short-term debt or revolving-credit borrowings, acquisitions, subsidiary investments and working capital.
Chesapeake Utilities Corporation (CPK) designated Jeffrey S. Sylvester as principal financial officer and Michael D. Galtman as principal accounting officer on September 28, 2026. Sylvester continues as Senior Vice President and Chief Financial Officer; he became CFO effective July 1, 2026. Galtman continues as Senior Vice President and Chief Transformation Officer, a role he assumed effective April 1, 2026, after serving as Chief Accounting Officer from 2019 to April 2026. No compensation changes were implemented for Sylvester in connection with his designation. For Galtman, no material compensatory plan, contract or arrangement was entered into or materially amended, and no grant or award was made or modified in connection with his designation.
Chesapeake Utilities Corporation (CPK) has formed a joint venture for its Florida Energy Pathway intrastate natural gas transmission project and sold a minority interest to an indirect subsidiary of NextEra Energy Resources. Peninsula Pipeline Holdings, an indirect Chesapeake subsidiary, will own 51% of Florida Energy Pathway, LLC, while FEP Pipeline Holdings (NEER) will own 49% under an Amended and Restated LLC Agreement effective September 1, 2026.
The project is anticipated to be a 24-inch intrastate pipeline spanning from Palm Beach County to Miami-Dade County, with total project investment estimated at approximately $1.2 billion, subject to final design and development. Chesapeake and NextEra Energy Capital Holdings have each provided guaranties securing their capital contribution obligations, initially sized at about $109 million for Chesapeake and $105 million for NextEra Energy Capital.
Peninsula Pipeline Company, Inc. is engaged under a Construction, Operation and Management Agreement to construct, manage and operate the project for an annual fee payable monthly within approved budgets. Construction is expected to begin in the first half of 2028, with the project anticipated to be in service in 2030, subject to final commissioning.
Chesapeake Utilities Corporation 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. Operating revenues were $201.9 million versus $192.8 million. For the first half of 2026, net income reached $84.7 million with diluted EPS of $3.51.
Adjusted results exclude Florida City Gas transaction and transition costs. Adjusted net income was $25.4 million for the quarter and $84.7 million year to date, and adjusted diluted EPS was $1.05 for Q2 and $3.51 year to date, reflecting an 8.0 percent year-to-date Adjusted EPS growth rate. Adjusted gross margin increased $7.4 million in Q2 and $31.2 million year to date, a 9.6 percent growth rate.
The company increased its 2026 capital expenditure guidance by $100 million to $550–$600 million and reported Q2 capital investment of $139.7 million, $261.6 million year to date. Management highlighted the $1.2 billion Florida Energy Pathway pipeline project, expects about $1.4 billion of capital investment through 2026 and more than $2.2 billion through 2028, and reaffirmed 2028 EPS guidance of $7.75–$8.00 per share.
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.
Chesapeake Utilities Corporation reported the results of its 2026 Annual Meeting of Stockholders held on May 6, 2026. As of the March 9, 2026 record date, 23,989,243 common shares were outstanding, and 22,393,765 shares were present or represented by proxy, constituting a quorum.
Stockholders elected one Class II director, Elisabeth A. Eden, and three Class III directors, Thomas J. Bresnan, Ronald G. Forsythe, Jr., and Sheree M. Petrone, each to serve until the 2028 Annual Meeting and until their successors are elected and qualified. Each nominee received over 19.8 million votes in favor, with 1,764,091 broker non-votes and no abstentions.
Stockholders also approved, on an advisory non-binding basis, the compensation of the Company’s named executive officers, with 19,756,219 votes in favor and 811,323 against, and ratified, on an advisory non-binding basis, the appointment of Baker Tilly US, LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 22,205,442 votes in favor and 152,316 against.
Chesapeake Utilities Corporation reported strong first-quarter 2026 results with double-digit growth. Net income rose to $59.3 million from $50.9 million, and diluted EPS increased to $2.47 from $2.21, an 11% EPS increase. Operating revenues grew 18% to $353.1 million, while adjusted gross margin climbed 13% to $206.2 million, driven by transmission expansions, infrastructure programs, organic natural gas growth, and colder weather that boosted customer consumption.
Regulated energy adjusted gross margin rose 15% to $147.7 million, and unregulated adjusted gross margin rose 8% to $58.6 million. Operating income reached $99.4 million, up 14.5%. The company invested $121.9 million in capital projects in the quarter and reaffirmed its 2026 capital expenditure guidance of $450–$500 million, five-year (2024–2028) capital plan of $1.5–$1.8 billion, and 2028 EPS guidance of $7.75–$8.00 per share.
Florida City Gas filed a general rate case seeking a $47 million revenue requirement and interim relief of $16.2 million, while ongoing pipeline expansions and regulatory initiatives are expected to add meaningful adjusted gross margin over the next several years.
Chesapeake Utilities Corporation is planning a leadership transition in its finance organization. Longtime executive vice president and chief financial officer Beth W. Cooper intends to retire effective June 30, 2026, after more than 36 years with the company.
The board has appointed current chief operating officer and senior vice president Jeffrey S. Sylvester to succeed her as chief financial officer effective July 1, 2026. He will continue as senior vice president but will no longer serve as chief operating officer.
The company highlights Mr. Sylvester’s more than 20 years of energy-sector experience and 10 years in key financial roles, including prior finance and operations leadership positions at Chesapeake Utilities and other energy businesses. His existing compensation terms will remain unchanged in connection with the new role.
Chesapeake Utilities Corporation reported strong growth for 2025, with net income of $140.3 million and diluted EPS of $5.97, up from $118.6 million and $5.26 in 2024. Adjusted net income rose to $141.1 million and adjusted EPS to $6.01, reflecting roughly 12% year-over-year earnings growth.
Adjusted gross margin increased by $71.1 million to $638.5 million, driven by natural gas transmission expansions, infrastructure programs, rate cases, and higher customer usage. The company invested a record $470.4 million of capital in 2025 and guides $450–$500 million for 2026, while reaffirming 2024–2028 capital plans of $1.5–$1.8 billion and 2028 EPS guidance of $7.75–$8.00.
Chesapeake Utilities Corporation filed an 8-K stating it issued a press release announcing financial results for the quarter and nine months ended September 30, 2025. The company also posted an accompanying investor presentation on its website.
The press release is furnished as Exhibit 99.1, and the Third Quarter 2025 earnings call presentation is furnished as Exhibit 99.2. A conference call to discuss results is scheduled for November 7, 2025.
Chesapeake Utilities Corporation expanded its Board from seven to eight directors and appointed Elisabeth A. Eden as a Class II director, effective September 15, 2025. The Board expects Ms. Eden to stand for election at the company's 2026 Annual Meeting of Stockholders. The Board concluded Ms. Eden is independent under NYSE and SEC standards and designated her as an Audit Committee member and an "audit committee financial expert" under SEC rules.
Ms. Eden received pro‑rata portions of the annual non‑employee cash retainer of $90,000, the annual non‑employee equity retainer valued at $120,000 (shares issued based on the September 12, 2025 closing stock price), and the pro‑rata Audit Committee cash retainer of $8,500 for the September 2025–May 2026 term. The equity awards were issued under the 2023 Stock and Incentive Compensation Plan and were fully vested on issuance. A press release with biographical details was issued on September 16, 2025 and is filed as Exhibit 99.1.