Chesapeake Utilities Establishes $225 Million At-the-Market Equity Offering Program
Chesapeake Utilities Corporation has established an at-the-market equity offering program to sell up to $225 million of its common stock. The company plans to use the proceeds for general corporate purposes.
Dover, Delaware – October 1, 2026 – Chesapeake Utilities Corporation (NYSE: CPK) announced today the establishment of an at-the-market equity offering program. The program allows the company to sell shares of its common stock with an aggregate sales price of up to $225 million.
The shares will be offered through various transactions, including direct sales on the New York Stock Exchange. Chesapeake Utilities intends to utilize the proceeds from these sales for general corporate purposes. This includes financing capital expenditures, repaying short-term debt, funding acquisitions, and supporting working capital needs.
The company has entered into distribution agreements with several financial institutions to manage the offering. Chesapeake Utilities is a diversified energy delivery company that provides energy solutions across natural gas, electricity, and propane distribution, among other services.