Chesapeake Utilities Reports Third-Quarter 2026 Results
Chesapeake Utilities invested $151.2 million in capital during the quarter and $412.8 million year to date. Adjusted gross margin rose $11.5 million; the company reaffirmed 2028 earnings guidance of $7.75 to $8.00 per share.
Chesapeake Utilities Corporation reported its financial results for the third and nine months ended September 30, 2026. The company invested $151.2 million in capital during the third quarter, bringing its year-to-date total to $412.8 million, and remains on track to meet its 2026 capital expenditure guidance of $550 million to $600 million. Adjusted gross margin grew by $11.5 million for the quarter, driven by regulatory initiatives, infrastructure programs, and transmission expansion. Additionally, the company noted that an interim rate increase of $16.2 million for Florida City Gas became effective in July 2026.
The company reaffirmed its 2028 earnings guidance of $7.75 to $8.00 per share.