StocksMedium•5 November 2026•
1 min read
Chesapeake Utilities Reports $21.6M Q3 Profit, Partners with NextEra on $1.2B Project
Key Facts
1Chesapeake Utilities reported net income of $21.6 million and EPS of $0.89 for the third quarter of 2026.
2The company announced a joint venture with NextEra Energy to finance and own 49% of the $1.2 billion Florida Energy Pathway project.
3Adjusted gross margins grew 9.2% year-to-date, driven by regulatory initiatives and infrastructure expansion.
Chesapeake Utilities reported net income of $21.6 million and earnings per share of $0.89 for the third quarter of 2026, PR Newswire reported. The company announced a joint venture agreement with NextEra Energy to finance and own 49% of the Florida Energy Pathway, a natural gas transmission project valued at $1.2 billion.
Adjusted gross margins grew by 9.2% during the first nine months of the year, supported by regulatory initiatives and infrastructure expansion. CPK closed at $141.7 on November 4, 2026, while NEE closed at $88.45 on the same date.
Chesapeake Utilities is scheduled to host a conference call to discuss these results on November 6, 2026. The company also reaffirmed its 2028 earnings guidance range of $7.75 to $8.00 per share.