Chesapeake Utilities launches $225M at-the-market equity offering program

CHESAPEAKE UTILITIES CORP

ATM program permits sales of up to $225,000,000 of common stock (NYSE: CPK) from time to time through managers or forward sellers under shelf registration No. 333-299198.
Managers: Barclays, Citizens JMP, Ladenburg Thalmann, Morgan Stanley, RBC Capital Markets, TD Securities; forward purchasers include Barclays Bank PLC, Royal Bank of Canada, TD Bank.
Commission to managers up to 2.0% of gross sales price per share; forward sellers receive up to 2.0% of the volume-weighted average price of borrowed shares sold.
Net proceeds targeted for general corporate purposes: capital expenditures, repayment of short-term debt or revolving credit borrowings, acquisitions, subsidiaries and working capital.
Equity Distribution Agreement and Master Forward Confirmations dated September 30, 2026; company gets no initial proceeds from borrowed-share sales, expecting cash on future physical settlement.

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