Chesapeake Utilities Corporation reaffirmed its 2028 earnings guidance of US$7.75 to US$8.00 per share while raising its capital spending guidance to US$550 million to US$600 million in 2026 and over US$2.2 billion through 2028. The company also announced a US$1.20 billion Florida Energy Pathway pipeline project, highlighting its ambition to expand its regulated infrastructure footprint. Second-quarter 2026 revenue reached US$201.9 million with net income of US$25.4 million, and a quarterly dividend of US$0.735 per share was declared. The unchanged long-term earnings targets alongside a larger project slate put a spotlight on whether regulators will allow timely cost recovery on projects like Florida Energy Pathway.
Chesapeake Utilities CorporationReaffirms 2028 EPS guidance but raises capex and announces large pipeline project, with regulatory cost recovery uncertainty.
