Chesapeake Utilities expects capital investment to exceed $2.2 billion through 2028
CPK•Chesapeake Utilities expects capital investment to exceed $2.2 billion through 2028 and forecasts 2028 earnings of $7.75 to $8 per share, compared with adjusted 2025 earnings of $6.01 per share.
1. Investment and earnings outlook
Chesapeake Utilities expects to invest $550 million to $600 million in 2026, with $413 million invested through September. Cumulative capital investment is expected to reach approximately $1.4 billion through 2026 and exceed $2.2 billion through 2028. The company’s 2028 earnings guidance is $7.75 to $8 per share, compared with adjusted earnings of $6.01 per share in 2025.
2. Project and financing plans
The approximately $1.2 billion Florida Energy Pathway project targets service in 2030; NextEra Energy Resources will finance and own 49%. Chesapeake Utilities expects to issue approximately $200 million to $250 million in long-term debt by year-end 2026 to support financing needs.
