Earnings Releases·Nov 5, 2026, 4:44 PM ET

Chesapeake Utilities Corporation — Third Quarter 2026 Earnings Summary

Net income rose to $21.6 million ($0.89 per share) in Q3 2026 from $19.4 million ($0.82 per share) in the prior year, while nine-month net income reached $106.3 million ($4.40 per share) versus $94.2 million ($4.03 per share) in 2025, reflecting an 8.4% year-to-date growth in Adjusted EPS.
Total operating revenues increased to $195.8 million for the quarter and $750.8 million year-to-date, driven by a $16.2 million annualized Florida City Gas rate increase and strong performance in the Regulated Energy segment, which offset declines in Unregulated Energy revenues.
The company reaffirmed 2026 capital expenditure guidance of $550 million to $600 million and 2028 earnings guidance of $7.75 to $8.00 per share, with total capital investment expected to exceed $2.2 billion over the five-year period through 2028.
Strategic capital deployment includes a joint venture with NextEra Energy Resources to finance 49% of the $1.2 billion Florida Energy Pathway project and the establishment of a new at-the-market equity offering program for up to $225 million.
Headwinds included $5.7 million in unrecovered Hurricane Michael costs year-to-date and $11.7 million in increased employee-related expenses, though these were partially offset by $42.7 million in year-to-date adjusted gross margin growth.