Chesapeake Utilities Co.

Chesapeake Utilities is selling a 49% minority interest in the natural gas transport project Florida Energy Pathway to NextEra Energy Resources while retaining 51% through Peninsula Pipeline Holdings. Peninsula Pipeline Company will build, operate and manage the 24-inch infrastructure project from Palm Beach County to Miami-Dade County. The estimated total investment is about $1.2 billion, with construction expected to start in the first half of 2028 and commissioning after final acceptance planned for 2030. The project aims to expand transport capacity and address supply bottlenecks in South Florida. » More on de.investing.com

The board of Chesapeake Utilities declared a quarterly cash dividend of $0.735 per common share. The dividend will be paid on October 5, 2026; the record date is September 14, 2026. The company has paid uninterrupted dividends for 65 years and has increased its annual dividend every year since 2004. » More on de.investing.com

Shares of Chesapeake Utilities rose to a new 52-week high of $140.83. The utility company has a market capitalization of $3.35 billion and a P/E ratio of 21.71 and, according to InvestingPro, is trading above its estimated fair value. In Q1 2026 Chesapeake beat analyst expectations with EPS of $2.47 and revenue of $353.1 million. Peninsula Pipeline Company also announced a $1.2 billion natural gas pipeline project in South Florida with firm capacity commitments; dividends have been raised for 56 consecutive years, current yield 2.17%. » More on de.investing.com