Chesapeake Utilities Corporation shared highlights from its 2025 Investor Day, held on March 12-13, 2025, at the Kennedy Space Center in Cape Canaveral, Florida. This event marked the company's first Investor Day in seven years, reflecting increased interest and engagement from the financial community following the acquisition of Florida City Gas (FCG) in late 2023.
During the event, Chesapeake Utilities reaffirmed its ambitious 5-year capital expenditure guidance of $1.5 billion to $1.8 billion. This investment plan is primarily driven by significant growth opportunities in its Florida and Delmarva service areas, including potential interest from industries at the Cape and Port of Canaveral.
The company also reiterated its 2025 adjusted earnings per share (EPS) guidance of $6.15 to $6.35, which represents a projected 14% to 18% increase over 2024 adjusted EPS. The Investor Day showcased the company's consistent track record of earnings and investment, its 2025–2028 growth strategy, and the depth of its leadership team.
Beth Cooper, Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Corporate Secretary, noted that the Investor Day was an opportune time to celebrate 2024 accomplishments and announce the company's inaugural investment-grade credit rating. The event reinforced the company's focus on its three pillars of growth: prudent capital deployment, proactive regulatory management, and continuous business transformation.
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