The company targets a 2030 in-service date for its Florida Energy Pathway project while raising 2026 capital expenditure guidance.
Chesapeake Utilities Corporation announced a $1.2 billion Florida Energy Pathway project, aiming for a 2030 in-service date. The company also raised its 2026 capital expenditure forecast to a range of $550 million to $600 million, up from prior guidance.
In Q2 2026, the company reported a 5% increase in adjusted net income and an 8% rise in adjusted earnings per share for the first half of the year. The growth reflects continued execution on strategic initiatives and operational improvements.
The Florida Energy Pathway project is expected to enhance the company’s infrastructure and support long-term growth in the region. No immediate market reaction was disclosed in the earnings call insights.