Chesapeake Utilities Q2 FY26 EPS rises 2.94% to 1.05; net income climbs to 25.4 million
CPK•Q2 earnings and net income rise
Chesapeake Utilities posts Q2 net income of $25.4 million, lifting diluted GAAP EPS to $1.05 from $1.02 a year earlier.
Year-to-date net income rises to $84.7 million, pushing diluted GAAP EPS to $3.51 from $3.22 in the prior-year period.
Adjusted EPS excluding Florida City Gas acquisition-related costs grows 8% year to date; Q2 adjusted EPS holds at $1.05.
Capital spending outlook and pipeline project
2026 capital spending outlook is raised to $550 million-$600 million; Q2 capital investment totals $139.7 million, bringing year-to-date to $261.6 million.
The company unveiled the $1.2 billion Florida Energy Pathway pipeline with about 250,000 Dts/d committed capacity, targeting an in-service date in 2030.
