Chesapeake Utilities (CPK) Investor presentation summary

Business profile and growth record

• 2025 year-end scale: 470k distribution customers, $4.0B assets and ~1,300 employees; 85% of assets were regulated.

• Strategy combines regulated energy delivery with related businesses and energy-value-chain opportunities; 20-year adjusted EPS CAGR was 9%, with dividend/share CAGR of 7%.

• 2025 Delmarva and Florida growth added $7.4M of incremental adjusted gross margin: $4.6M residential and $2.8M commercial and industrial.

Q2 2026 performance

• H1 adjusted diluted EPS was $3.51, up 8% YoY; adjusted net income was $84.7M, up 12%.

• Q2 adjusted gross margin was $150.2M, up 5% YoY; adjusted net income was $25.4M, up 5%, and adjusted diluted EPS was $1.05 versus $1.04.

• Q2 incremental adjusted margin included $4.9M from transmission expansions and $3.2M from infrastructure programs; Q2 capital expenditures were $140M.

Growth investments and projects

• 2026 capital guidance increased by $100M to $550M–$600M; YTD spending was $262M.

• Planned investment totals $1.4B through 2026 and is expected to exceed $2.2B through 2028.

• Florida Energy Pathway is a planned 97-mile, 24-inch pipeline with ~ $1.2B anticipated capital investment; NextEra Energy Resources was named 49% JV partner, with 2030 in-service targeted.

• Worcester Resiliency Upgrade remains on schedule for Q1 2027 service; weather-related delays are expected to reduce 2026 EPS by $0.10, with FY 2027 margin of $17.1M.