Every material Form 8-K Chesapeake Utilities has filed with the SEC since November 22, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Chesapeake Utilities reported third-quarter 2026 net income of $21.6 million, or $0.89 per diluted share, up from $19.4 million, or $0.82, a year earlier. The company also reaffirmed its 2026 capital expenditure guidance and its 2028 earnings guidance of $7.75 to $8.00 per share, and said it will joint venture 49 percent of the $1.2 billion Florida Energy Pathway project with NextEra Energy Resources. Shareholders may be affected by the planned equity program of up to $225 million.
Q3 2026 operating revenues were $195.8 million, up from $179.6 million; net income was $21.6 million versus $19.4 million
Nine-month 2026 diluted EPS was $4.40, up from $4.03 a year earlier
Joint venture with NextEra Energy Resources to finance and own 49 percent of the $1.2 billion, 97-mile Florida Energy Pathway project
New at-the-market equity program allows issuance and sale of up to $225 million of common stock; 2026 capital expenditure guidance of $550 to $600 million affirmed
Chesapeake Utilities established an at-the-market equity offering program that allows it to sell common stock with an aggregate sales price of up to $225 million through several banks and forward sale agreements. The filing states that any sales are at the company's discretion and that proceeds, if any, would go to general corporate purposes, including capital expenditures and repayment of short-term debt.
Program covers up to $225,000,000 of common stock, dated September 30, 2026 agreement and October 1, 2026 press release
Commissions for managers are up to 2.0% of gross sales price per share; forward sellers receive up to 2.0% commission
Company expects no initial proceeds from borrowed shares sold by forward sellers; proceeds would come on future physical settlement
Offering is registered under shelf registration No. 333-299198 via prospectus supplement dated September 30, 2026
Chesapeake Utilities designated Jeffrey S. Sylvester, its Senior Vice President and Chief Financial Officer, as principal financial officer, and Michael D. Galtman, its Senior Vice President and Chief Transformation Officer, as principal accounting officer, both on September 28, 2026. The filing states no compensation changes were made in connection with either designation, so the change is administrative in nature for shareholders.
Jeffrey S. Sylvester was designated principal financial officer on September 28, 2026; he was appointed CFO effective July 1, 2026
Michael D. Galtman was designated principal accounting officer on September 28, 2026; he became Chief Transformation Officer effective April 1, 2026
Galtman previously served as Chief Accounting Officer from 2019 to April 2026
No compensation changes were implemented for either officer in connection with the designations
Chesapeake Utilities' subsidiary Peninsula Pipeline Holdings sold a 49% interest in the Florida Energy Pathway project to a unit of NextEra Energy Resources, and Peninsula keeps the remaining 51%. The project is estimated at about $1.2 billion in total investment, so the partner will share construction and funding obligations, while Chesapeake's parent guaranty of about $109 million backs its share of capital contributions.
NextEra unit FEP Pipeline Holdings, LLC acquired a 49% membership interest; Peninsula retains 51%, under an LLC agreement dated August 28, 2026, effective September 1, 2026.
Total project investment is estimated at approximately $1.2 billion, pending finalization of design and development activities.
Chesapeake's guaranty for Peninsula's capital contribution obligations is initially approximately $109 million.
Construction is expected to begin in the first half of 2028, with the project anticipated to be in service in 2030.
Chesapeake Utilities reported second-quarter 2026 net income of $25.4 million, or $1.05 per diluted share, up from $23.9 million, or $1.02, a year earlier. It raised its 2026 capital expenditure guidance by $100 million to $550 million to $600 million and reaffirmed its 2028 earnings guidance of $7.75 to $8.00 per share, which matters to shareholders because higher planned investment and the $1.2 billion Florida Energy Pathway project shape future growth.
Q2 2026 net income was $25.4 million and diluted EPS was $1.05, compared with $23.9 million and $1.02 in Q2 2025.
Six-month net income was $84.7 million and diluted EPS was $3.51, compared with $74.8 million and $3.22 a year earlier.
2026 capital expenditure guidance was raised to $550 million to $600 million, driven mainly by transmission, distribution and infrastructure investments.
The company reaffirmed its 2028 EPS guidance of $7.75 to $8.00 and plans a long-term guidance update in February 2027.
Chesapeake Utilities reported first quarter 2026 net income of $59.3 million, or $2.47 per diluted share, up from $50.9 million, or $2.21 per share, a year earlier. The company reaffirmed its 2026 capital spending guidance, its 2024-2028 capital guidance and its 2028 EPS guidance range of $7.75 to $8.00. Shareholders also learned that CFO Beth Cooper is retiring and Jeff Sylvester will become CFO on July 1, 2026.
Net income $59.3 million ($2.47 per diluted share) vs. $50.9 million ($2.21) in Q1 2025, an EPS growth rate of 11.8 percent
Adjusted gross margin rose $23.8 million to $206.2 million, a 13.0 percent increase, driven mainly by regulatory initiatives, infrastructure programs and transmission expansions
Capital investment of $121.9 million in Q1 2026; 2026 capital guidance of $450 million to $500 million reaffirmed
Jeff Sylvester, current COO, to succeed Beth Cooper as CFO on July 1, 2026
Chesapeake Utilities said Chief Financial Officer Beth Cooper will retire effective June 30, 2026, after more than 36 years with the company. Jeffrey Sylvester, currently chief operating officer, will become CFO effective July 1, 2026 and will give up the COO role while remaining a senior vice president.
Beth Cooper, CFO, EVP, Treasurer and Assistant Secretary, retires effective June 30, 2026
Jeffrey S. Sylvester succeeds Cooper as CFO effective July 1, 2026 and ceases to serve as COO
Sylvester has served as senior vice president since 2019 and COO since January 2022
The filing states Sylvester's compensatory and other material employment terms will remain unchanged
Chesapeake Utilities reported full-year 2025 net income of $140.3 million ($5.97 per share), up from $118.6 million ($5.26 per share) in 2024, and adjusted EPS of $6.01 versus $5.39 a year earlier. Fourth-quarter 2025 net income was $46.1 million ($1.93 per share) versus $36.7 million ($1.60 per share) a year earlier. The company reaffirmed its 2028 EPS guidance of $7.75 to $8.00 and its 2024-2028 capital expenditure guidance of $1.5 billion to $1.8 billion.
Full-year 2025 adjusted gross margin rose $71.1 million to $638.5 million, driven mainly by regulatory initiatives, infrastructure programs and natural gas growth
2025 capital expenditures totaled $470.4 million; 2026 capital expenditure guidance is $450 million to $500 million
Equity to total capitalization ratio was approximately 50 percent at December 31, 2025
Earnings call scheduled for February 26, 2026 at 8:30 a.m. Eastern Time
Chesapeake Utilities reported third-quarter 2025 net income of $19.4 million, or $0.82 per diluted share, up from $17.5 million, or $0.78, a year earlier. For the nine months, net income was $94.2 million, or $4.03 per share, compared with $81.9 million, or $3.66. The company reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35 but raised its 2025 capital guidance to $425 million to $450 million.
Q3 adjusted gross margin rose $15.2 million, or 12.5%, to $137.2 million; operating income rose $4.1 million, or 10.0%, to $45.0 million.
Q3 adjusted EPS was $0.82 versus $0.80 a year earlier, including a $0.04 per share impact from $92.0 million of equity issued over the last twelve months.
2025 adjusted EPS guidance of $6.15 to $6.35 was reaffirmed, assuming a successful outcome on the FCG Depreciation Study.
The 2025 capital guidance range was increased to $425 million to $450 million, and the 2028 EPS guidance of $7.75 to $8.00 was affirmed.
Chesapeake Utilities expanded its board from seven to eight directors and appointed Elisabeth A. Eden as a Class II independent director, effective September 15, 2025. She also joined the Audit Committee and was named an audit committee financial expert, which adds to board oversight of financial reporting.
Board increased from seven to eight directors on September 12, 2025 to fill the new seat
Eden receives pro-rata non-employee cash retainer of $90,000, equity retainer valued at $120,000, and Audit Committee cash retainer of $8,500 for the September 2025 through May 2026 term
Eden is expected to stand for election at the 2026 Annual Meeting of Stockholders
Chesapeake Utilities reported second-quarter 2025 net income of $23.9 million, or $1.02 per diluted share, up from $0.82 a year earlier, and adjusted EPS of $1.04 versus $0.86. The company reaffirmed its 2025 adjusted EPS guidance of $6.15 to $6.35 and raised its 2025 capital expenditure guidance to $375 million to $425 million. Shareholders get higher earnings and a larger 2025 spending plan, with the company's guidance assuming a successful outcome on the FCG Depreciation Study.
Q2 2025 net income $23.9 million ($1.02 per diluted share) vs. $18.2 million ($0.82) in Q2 2024
Q2 2025 adjusted EPS $1.04 vs. $0.86, growth of 20.9%; adjusted gross margin $142.8 million, up 12.8%
2025 adjusted EPS guidance of $6.15 to $6.35 reaffirmed; 2028 EPS guidance of $7.75 to $8.00 reaffirmed
2025 capital expenditure guidance raised to $375 million to $425 million; conference call set for August 8, 2025 at 8:30 a.m. Eastern
Chesapeake Utilities signed a Note Purchase Agreement dated August 1, 2025, authorizing up to $200 million of unsecured senior notes, with $150 million funded on August 1 and $50 million expected to fund on September 15, 2025. The company also exercised a one-year extension of its $250 million 364-day revolving credit facility, moving its maturity to August 4, 2026.
$150 million of senior notes closed and funded on August 1, 2025; $50 million expected to fund September 15, 2025
Notes carry fixed rates of 4.88% (Series 2025-A, due August 1, 2028), 5.16% (Series 2025-B, due August 1, 2031) and 5.02% (Series 2025-C, due September 15, 2030)
364-day revolver extended to August 4, 2026, with other terms unchanged
Chesapeake Utilities accepted the resignation of director Stephanie N. Gary, a Class I director and Audit Committee member, on July 25, 2025. The company said she resigned under its governance guidelines because of a change in her employment, not because of any disagreement with the company.
Stephanie N. Gary resigned as Class I director and as an Audit Committee member, accepted by the Board on July 25, 2025
Resignation was tied to a change in her employment under the Corporate Governance Guidelines
The filing states there was no disagreement with the company, its management, or its operations, policies or practices
Chesapeake Utilities reported first-quarter 2025 net income of $50.9 million, or $2.21 per diluted share, up from $46.2 million, or $2.07, a year earlier. The company said it continues to affirm its 2025 EPS guidance of $6.15 to $6.35 per share and its 2028 EPS guidance of $7.75 to $8.00 per share, which shareholders will weigh against the first-quarter gains.
Net income was $50.9 million ($2.21 per diluted share) for the first quarter of 2025, versus $46.2 million ($2.07) a year earlier.
Adjusted EPS, which excludes Florida City Gas transaction and transition costs, was $2.22 versus $2.10 in the first quarter of 2024.
Adjusted gross margin grew $17.9 million, or 10.9 percent, to $182.4 million, driven mainly by customer consumption and colder temperatures.
The company reaffirmed 2025 EPS guidance of $6.15 to $6.35 per share and 2025 capital expenditure guidance of $325 million to $375 million; a conference call is scheduled for May 8, 2025, at 8:00 a.m. Eastern Time.
Chesapeake Utilities reported full-year 2024 net income of $118.6 million, or $5.26 per diluted share, up from $87.2 million, or $4.73, in 2023. Adjusted EPS of $5.39 was in line with its previously announced guidance range, and the company reaffirmed its 2025 EPS guidance of $6.15 to $6.35 per share, which matters to shareholders because it signals the company expects to keep growing earnings. Growth was driven largely by the Florida City Gas acquisition, though higher interest expense and additional shares outstanding partly offset the gains.
Full-year 2024 net income was $118.6 million ($5.26 per diluted share), compared with $87.2 million ($4.73) in 2023.
Full-year 2024 adjusted EPS was $5.39, compared with $5.31 in 2023, excluding Florida City Gas transaction and transition-related expenses.
Fourth-quarter 2024 net income was $36.7 million ($1.60 per share), compared with $25.3 million ($1.26) a year earlier; adjusted EPS was $1.63 versus $1.64.
The company reaffirmed 2025 EPS guidance of $6.15 to $6.35 per share and 2024 capital expenditures totaled $356 million.
Chesapeake Utilities entered into an equity distribution agreement with ten sales agents allowing it to sell common stock worth up to $100 million over time. The company says it expects to use any proceeds for general corporate purposes, including capital expenditures, repayment of short-term debt and acquisitions, and the filing does not say how many shares have been sold.
Program covers up to $100,000,000 of common stock, sold through ten named managers, including RBC Capital Markets and Barclays Capital
Managers may be paid commissions of up to 2.0% of the gross sales price per share
Shares are offered under an existing shelf registration (Form S-3ASR, No. 333-274284) and a prospectus supplement dated November 22, 2024
Proceeds are intended for general corporate purposes, including financing capital expenditures and repaying short-term debt
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