Chesapeake Utilities Launches $225M At-The-Market Equity Program

Key Facts

1Chesapeake Utilities announced an at-the-market (ATM) equity offering program to sell up to $225 million of its common stock.

Chesapeake Utilities announced an at-the-market (ATM) equity offering program to sell up to $225 million of its common stock. The company said in a statement via PR Newswire that it has entered into an equity distribution agreement to raise capital incrementally by selling shares at prevailing market prices through managers or forward sellers.

CPK closed at $128.46 on September 30, 2026, with the session seeing a day high of $129.6 and a day low of $127.84. The program allows the company flexibility to issue shares under its existing shelf registration statement filed with the SEC.