Chesapeake Utilities Corporation filings document financial results, governance actions and regulated energy disclosure for an energy delivery company listed on the NYSE. Form 8-K reports furnish earnings releases, conference-call presentations and Regulation FD materials covering adjusted gross margin drivers, capital investment, infrastructure programs, transmission expansion projects and Florida City Gas regulatory activity.
Proxy and annual-meeting filings document director elections, advisory executive-compensation votes, board committee matters and stockholder voting results. Other current reports record officer succession, board appointments and compensatory arrangements tied to the company's regulated and unregulated natural gas, electric, propane and mobile compressed natural gas businesses.
Chesapeake Utilities Corporation reported higher first-quarter 2026 results, with stronger regulated and unregulated energy performance. Total operating revenues rose to $353.1 million from $298.7 million, driven mainly by regulated energy revenues of $249.3 million and unregulated energy revenues of $113.7 million.
Net income increased to $59.3 million from $50.9 million, and diluted earnings per share grew to $2.47 from $2.21, reflecting higher operating income of $99.4 million versus $86.8 million. Operating cash flow strengthened to $118.0 million from $85.0 million, supporting $141.9 million of capital expenditures, largely in regulated energy infrastructure.
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.
Vanguard Capital Management filed a Schedule 13G reporting beneficial ownership of Chesapeake Utilities Corp common stock. The filing states Vanguard beneficially owns 1,249,864 shares, representing 5.21% of the class, with 189,069 shares held with sole voting power and 1,249,864 shares with sole dispositive power. The filing notes these holdings include shares held for Vanguard funds and managed accounts and is signed by Ashley Grim, Head of Global Fund Administration.
BlackRock, Inc. filed Amendment No. 3 to a Schedule 13G/A reporting beneficial ownership of 3,536,077 shares of Chesapeake Utilities Corporation common stock. The filing states this equals 14.7% of the class, with 3,499,506 shares of sole voting power. The filing names iShares Core S&P Small-Cap ETF as a holder with over 5%.
The Vanguard Group amended its Schedule 13G/A reporting for Chesapeake Utilities Corp. The filing states Vanguard beneficially owns 0 shares of Common Stock, representing 0% of the class as reported with an ownership statement referencing 03/13/2026. The amendment explains an internal realignment on 01/12/2026 that led certain subsidiaries and business divisions to report beneficial ownership separately in reliance on SEC Release No. 34-39538. The filing lists Vanguard's address and is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
Chesapeake Utilities Corporation is holding its 2026 Annual Meeting of Stockholders virtually on May 6, 2026, at 9:00 a.m. Eastern Time. Stockholders of record as of March 9, 2026, when 23,989,243 common shares were outstanding, may vote online, by phone, mail, or mobile device.
Investors will vote on three items: electing one Class II and three Class III directors, an advisory say-on-pay vote on compensation for named executive officers, and ratification of Baker Tilly US, LLP as independent auditor. The Board recommends voting FOR all nominees and proposals and highlights a largely independent board, a pay-for-performance executive compensation program, and robust audit and risk-oversight processes.
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 Corp executive Beth W. Cooper reported an equity award of common stock. As Executive VP & CFO, she acquired 7,557 shares of Chesapeake Utilities common stock on grant or award terms valued at $135.05 per share, increasing her directly held stake to 98,590 shares.
A footnote explains that a portion of the granted shares will be withheld later to cover tax liabilities, which will be detailed in an amended or subsequent Form 4. Cooper also reports indirect ownership of 14,202 common shares through a 401(k) plan.
Chesapeake Utilities Corporation reported that Senior VP & CAO Michael D. Galtman acquired an award of 2,866 shares of common stock on February 24, 2026, labeled as a grant or other acquisition at $135.05 per share. Following this award, his directly held common stock position increased to 5,392 shares. The filing also notes 204 shares held indirectly through a 401k Plan. A portion of the newly issued shares will be withheld to cover tax liabilities related to the grant, with the final tax amount to be reported in an amendment or future filing.