CHESAPEAKE UTILITIES CORPORATION REPORTS THIRD QUARTER 2026 RESULTS
Chesapeake Utilities reported Q3 2026 net income of $21.6 million and diluted EPS of $0.89, up from $19.4 million and $0.82 a year earlier, with year-to-date adjusted EPS growth of 8.4%. The company announced a joint venture with NextEra Energy Resources to finance and own 49% of the $1.2 billion Florida Energy Pathway, a 97-mile intrastate natural gas transmission project in South Florida, and established a new $225 million at-the-market equity program with forward sale agreements.
Key figures
- Eps
- 0.89
- Revenue
- 195800000
- Guidance
- Reaffirms 2028 EPS guidance of $7.75-$8.00 per share and 2026 capex guidance of $550-$600 million; five-year capital investment through 2028 to exceed $2.2 billion
- Ytd eps
- 4.4
- Q3 capex
- 151200000
- Ytd capex
- 412800000
- Q3 net income
- 21600000
- Ytd net income
- 106300000
- Atm program size
- $225 million
- Fep ownership pct
- 49%
- Fep project value
- $1.2 billion
- Q3 eps prior year
- 0.82
- Ytd adjusted eps growth
- 8.4%
- Q3 net income prior year
- 19400000
- Q3 adjusted gross margin growth
- $11.5 million
- Ytd adjusted gross margin growth
- $42.7 million (9.2%)
- Fcg interim rate increase annualized
- $16.2 million
AI analysis
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