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Chesapeake Utilities Corporation

Chesapeake Utilities Corporation operates as an energy delivery company in the United States. It operates through two segments: Regulated Energy and Unregulated Energy. The Regulated Energy segment engages in the natural gas distribution operations in central and southern Delaware, Maryland's eastern shore, and Florida; regulated natural gas transmission in the Delmarva Peninsula, Ohio, and Florida; and regulated electric distribution in northeast and northwest Florida. Its Unregulated Energy segment is involved in the propane operations in the Mid-Atlantic region, North Carolina, South Carolina, and Florida; unregulated natural gas transmission/supply operation in central and eastern Ohio; generation of electricity and steam; provision of compressed natural gas, liquefied natural gas, and renewable natural gas transportation and pipeline solutions primarily to utilities and pipelines in the United States; and sustainable energy investments. This segment also engages in the provision of other unregulated energy services, such as energy-related merchandise sale and heating, ventilation and air conditioning, and plumbing and electrical services. Chesapeake Utilities Corporation was founded in 1859 and is headquartered in Dover, Delaware.

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Chesapeake Utilities reaffirms 2028 earnings guidance despite higher capital spending

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.
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Olive Garden, KFC, United Airlines, 3M and Microsoft Among Headline Makers in PR Newswire Weekly Roundup

PR Newswire released its weekly roundup of notable press releases for July 13–17, 2026, highlighting 13 announcements across consumer, technology, and finance sectors. Olive Garden announced the return of its Never-Ending Pasta Pass, offering 13 weeks of unlimited pasta, sauces, and toppings during the Never-Ending Pasta Bowl promotion. KFC brought back Popcorn Chicken as part of its Kentucky Fried Comeback journey, responding to fan demand. United Airlines introduced a new Economy Plus seating option on its Airbus A321XLR aircraft, featuring extra elbow room and a shared table across an open middle seat, available for sale later this year. 3M and Microsoft announced a strategic partnership to advance AI data center infrastructure by combining Microsoft’s digital and hyperscale capabilities with 3M’s materials science and precision manufacturing. Other highlighted releases included Thomson Reuters and KKR forming a joint venture for Thomson Reuters’ Global Print business, with KKR acquiring a 51% stake and Thomson Reuters receiving approximately $500 million in gross proceeds while retaining 49% equity; Jeep unveiling the 2027 Wrangler Laredo; Lilly acquiring AtaiBeckley to develop therapies for treatment-resistant depression; Chesapeake Utilities’ Florida Energy Pathway Project; The Home Depot’s 2026 Halloween collection; Farmers Insurance introducing tools to simplify insurance understanding; State Affairs raising $70 million for policy and regulatory intelligence; AT&T offering free calls to countries in soccer’s semifinal, third-place, and final matches; and OpenTable revealing its 2026 Top 100 Hotel Restaurants in America.
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Chesapeake Utilities Unveils $1.2 Billion Florida Gas Pipeline Project

Chesapeake Utilities Corporation has announced plans to develop the Florida Energy Pathway, a proposed $1.2 billion intrastate natural gas pipeline in Florida. The 24-inch pipeline will run from Palm Beach County to Miami-Dade County, expanding capacity for residential, commercial, and industrial customers in South Florida. The project is backed by firm transportation commitments totaling nearly 250,000 dekatherms per day from multiple investment-grade shippers, with supply coming from Florida Gas Transmission's planned Phase IX expansion. Chesapeake Utilities expects the pipeline to enter service in 2030, subject to regulatory approvals, and intends to bring in partners to own up to 49% of the project. The company said the investment addresses mounting energy demand driven by Florida's population and economic growth.
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Chesapeake Utilities Dividend Yield Reaches 2.42% With 9.1% Annualized Growth

Chesapeake Utilities, based in Dover, currently pays a dividend of $0.74 per share, yielding 2.42%. The company's annualized dividend of $2.94 is up 9.1% from last year, and over the last five years it has increased its dividend five times for an average annual increase of 9.90%. Its payout ratio stands at 44% of trailing 12-month EPS. The Zacks Consensus Estimate for fiscal 2026 earnings is $6.51 per share, representing year-over-year growth of 8.32%. The stock carries a Zacks Rank of 3, or Hold.
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