CHESAPEAKE UTILITIES CORP — fact timeline

CHESAPEAKE UTILITIES CORP shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accounting firm for fiscal year 2026 at the 2026-05-06 meeting.

“The stockholders voted to ratify, on an advisory non-binding basis, the appointment of Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026. The stockholders ratified, on an advisory non-binding basis, the appointment of Baker Tilly in this capacity. There were 22,205,442 affirmative votes, 152,316 negative votes and 36,007 abstentions. There were no broker non-votes for this matter.”

CHESAPEAKE UTILITIES CORP shareholders approved Advisory vote to approve the compensation of the company's named executive officers (Say-on-Pay) at the 2026-05-06 meeting.

“The stockholders voted to approve, on an advisory non-binding basis, the compensation of the Company's named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission (the “Say-on-Pay Proposal”). The stockholders approved, on an advisory non-binding basis, the Say-on-Pay Proposal. There were 19,756,219 affirmative votes, 811,323 negative votes, 62,132 abstentions and 1,764,091 broker non-votes.”

CHESAPEAKE UTILITIES CORP shareholders approved Election of one Class II director nominee and three Class III director nominees at the 2026-05-06 meeting.

“The stockholders voted on the election of one Class II director nominee and three Class III director nominees, each of whom was elected to serve on the Company's Board of Directors until the 2028 Annual Meeting of Stockholders and until their successors are elected and qualified. The separate tabulation of votes for each nominee is as follows: (i) Elisabeth A. Eden (Class II Director Nominee) - 20,541,565 votes for, 88,109 votes withheld; (ii) Thomas J. Bresnan (Class III Director Nominee) - 19,889,494 votes for, 740,180 votes withheld; (iii) Ronald G. Forsythe, Jr. (Class III Director Nominee) - 20,202,877 votes for, 426,797 votes withheld; and (iv) Sheree M. Petrone (Class III Director Nominee) - 20,536,582 votes for, 93,092 votes withheld. There were 1,764,091 broker non-votes for each nominee. There were no abstentions for any nominee.”

CHESAPEAKE UTILITIES CORP reported the three months ended March 31, 2026 results: net income $59.3 million ($2.47 per share), EPS $2.47. Guidance reaffirmed.

“--- FOR IMMEDIATE RELEASE May 6, 2026 NYSE Symbol: CPK CHESAPEAKE UTILITIES CORPORATION REPORTS FIRST QUARTER 2026 RESULTS • Net income and earnings per share ("EPS")* were $59.3 million and $2.47, respectively, representing an EPS growth rate of 11.8 percent compared to the prior year • Adjusted gross margin** growth of $23.8 million during the first quarter of”

CHESAPEAKE UTILITIES CORP amended revolving credit of $250 million with PNC Bank National Association, Citizens Bank N.A., Manufacturers and Traders Trust Company, Royal Bank of Canada, CoBank, ACB, and Barclays Bank PLC at unchanged maturing August 4, 2026.

“Pursuant to the terms of the Credit Agreement the Company and the participating lenders which included PNC Bank National Association, Citizens Bank N.A., Manufacturers and Traders Trust Company, Royal Bank of Canada, CoBank, ACB, and Barclays Bank PLC have exercised one of the three one-year extension options for the $250 million 364-Day Revolver. The new maturity date for the 364-Day Revolver is August 4, 2026, with all other terms and conditions remaining unchanged.”

CHESAPEAKE UTILITIES CORP incurred senior notes of $200 million aggregate principal amount (Series 2025-A $60M, Series 2025-B $90M, Series 2025-C $50M) with the Purchasers named therein at 4.88% Series 2025-A, 5.16% Series 2025-B, 5.02% Series 2025-C maturing Series 2025-A due August 1, 2028; Series 2025-B due August 1, 2031; Series 2025-C due September 15, 2030.

“On August 1, 2025, the Company and the Purchasers executed the Note Purchase Agreement which authorized the sale and purchase of $200 million of aggregate principal amount of unsecured senior notes (the “Senior Notes”). $150 million of the Senior Notes closed and funded on August 1, 2025 and $50 million is expected to close and fund on September 15, 2025. The Senior Notes consist of (a) $60 million aggregate principal amount of 4.88% Series 2025-A Senior Notes due August 1, 2028 (the "Series 2025-A Notes"), (b) $90 million aggregate principal amount of 5.16% Series 2025-B Senior Notes due August 1, 2031 (the "Series 2025-B Notes"), and $50 million aggregate principal amount of 5.02% Series 2025-C Senior Notes due September 15, 2030 (the "Series 2025-C Notes").”

CHESAPEAKE UTILITIES CORP: Amended and Restated Bylaws effective May 7, 2025, with multiple material amendments regarding meeting procedures, notice, advance notice requirements, quorum, remote participation, director nomination, and committee procedures (effective 2025-05-07).

“On May 7, 2025, the Board approved and adopted an amendment and restatement of the Company’s Amended and Restated Bylaws (as amended, the “Bylaws”) effective as of the same date. The material amendments to the Bylaws provide for the following: (a) Amendments to Section 2.1 to clarify that annual meetings may be held by remote communications and eliminate the principal office as the default designated location for annual and special meetings; (b) Amendments to Section 2.2 to eliminate the requirement that the annual meeting must occur 12 months after the prior annual meeting and provide explicit language relating to the Board’s authorization to postpone, reschedule or cancel an annual meeting;”

CHESAPEAKE UTILITIES CORP: Amended and Restated Certificate includes Declassification Amendment, Authorized Shares Amendment, Officer Exculpation Amendment, and other ministerial changes (effective 2025-05-08).

“On May 8, 2025, Chesapeake Utilities Corporation (the “Company”) filed with the Secretary of State of Delaware an Amended and Restated Certificate of Incorporation (as amended, the “Amended and Restated Certificate”), effective as of the same date, including amendments to provide for the following: (i) declassifying the Board of Directors of the Company (the “Board”) over the next three years starting at the 2026 Annual Meeting of Stockholders and to thereafter provide for the annual election of the entire Board at the 2028 Annual Meeting of Stockholders (the “Declassification Amendment”); (ii) increasing the number of authorized shares of common stock of the Company from 50,000,000 shares to 75,000,000 shares (“Authorized Shares Amendment”); (iii) limiting the liability of certain officers of the Company in certain limited circumstances as permitted by the General Corporation Law of the State of Delaware (the “DGCL”) (the “Officer Exculpation Amendment”); and (iv) making other ministe”

CHESAPEAKE UTILITIES CORP shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accounting firm for fiscal year 2024 at the 2024-05-08 meeting.

“The stockholders voted to ratify, on the advisory non-binding proposal, the appointment of Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024.”

CHESAPEAKE UTILITIES CORP shareholders approved Advisory approval of named executive officer compensation (Say-on-Pay Proposal) at the 2024-05-08 meeting.

“The stockholders voted to approve, on an advisory non-binding basis, the compensation of our named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission (the “Say-on-Pay Proposal”).”

CHESAPEAKE UTILITIES CORP shareholders approved Election of three Class I director nominees at the 2024-05-08 meeting.

“The stockholders voted on the election of three Class I director nominees, each of whom was elected to the Company’s Board to serve a three-year term ending in 2027 and until their successors are elected and qualified.”

CHESAPEAKE UTILITIES CORP updated its the quarter ended March 31, 2024 guidance (reaffirmed).

“The Company continues to support its 2024 EPS guidance of $5.33 to $5.45 in adjusted earnings per share”

CHESAPEAKE UTILITIES CORP reported the quarter ended March 31, 2024 results: net income $46.2 million, EPS $2.07.

“Net income for the first quarter of 2024 was $46.2 million compared to $36.3 million in the first quarter of 2023.”

CHESAPEAKE UTILITIES CORP reported year and the fourth quarter ended December 31, 2023 results: net income adjusted net income** ... was $97.8 million, EPS Adjusted EPS** for the year ended December 31, 2023 was $5.31. Guidance reaffirmed.

“For 2023, adjusted net income**, which excludes transaction-related expenses related to the acquisition of FCG, was $97.8 million compared to $89.8 million in 2022, representing approximately 9 percent growth. Adjusted EPS** for the year ended December 31, 2023 was $5.31 compared to $5.04 per share reported in the prior-year, representing growth of more than 5 percent.”

CHESAPEAKE UTILITIES CORP reported twelve months ended December 31, 2023 results: EPS $4.73.

“On February 21, 2024 , Chesapeake Utilities Corporation issued a press release announcing its financial results for the twelve months ended December 31, 2023.”

CHESAPEAKE UTILITIES CORP completed an acquisition involving Florida Power & Light Company (selling Pivotal Utility Holdings, Inc./Florida City Gas) for approximately $923.4 million in cash (closed 2023-11-30).

“dated as of September 26, 2023, by and among the Company and Florida Power & Light Company, a Florida corporation. The purchase price for the Acquisition was approximately $923.4 million in cash, subject to customary purchase price adjustments. The foregoing description of the Purchase Agreement does not purport to be complete and is qualified in its entirety by”

CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.62% Series 2023-D Senior Notes due December 28, 2030 at 6.62% maturing December 28, 2030.

“$100,000,000 aggregate principal amount of 6.62% Series 2023-D Senior Notes due December 28, 2030”

CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.45% Series 2023-C Senior Notes due December 28, 2028 at 6.45% maturing December 28, 2028.

“$100,000,000 aggregate principal amount of 6.45% Series 2023-C Senior Notes due December 28, 2028”

CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.44% Series 2023-B Senior Notes due December 28, 2027 at 6.44% maturing December 28, 2027.

“$100,000,000 aggregate principal amount of 6.44% Series 2023-B Senior Notes due December 28, 2027”

CHESAPEAKE UTILITIES CORP incurred senior notes of $100,000,000 aggregate principal amount of 6.39% Series 2023-A Senior Notes due December 28, 2026 at 6.39% maturing December 28, 2026.

“$100,000,000 aggregate principal amount of 6.39% Series 2023-A Senior Notes due December 28, 2026”

CHESAPEAKE UTILITIES CORP incurred senior notes of $550 million principal amount of uncollateralized senior notes with the purchasers listed in Schedule B thereto (collectively, the "Purchasers").

“The Company will fund the purchase price of the Acquisition with the net proceeds of an equity offering and from the issuance of approximately $550 million principal amount of uncollateralized senior notes (the “New Notes”) pursuant to the Note Purchase Agreement”

CHESAPEAKE UTILITIES CORP reported financial results for the three and nine months ended September 30, 2023.

“On November 2, 2023 , Chesapeake Utilities Corporation issued a press release announcing its financial results for the quarter and nine months ended September 30, 2023.”

CHESAPEAKE UTILITIES CORP entered into SPA with Florida Power & Light Company valued at approximately $923.4 million (effective 2023-09-26).

“On September 26, 2023, Chesapeake Utilities Corporation, a Delaware corporation (the “Company”), entered into a stock purchase agreement (the “SPA”) with Florida Power & Light Company, a Florida corporation (“FPL”), to acquire all of the outstanding common shares of Pivotal Utility Holdings, Inc., a wholly owned subsidiary of FPL doing business as Florida City Gas (“FCG”), for approximately $923.4 million in cash, subject to customary purchase price adjustments.”

CHESAPEAKE UTILITIES CORP amended revolving credit of $200 million with PNC Bank, National Association at the SOFR Rate plus a 10-basis point credit spread adjustment and an applicable m maturing expiring on August 8, 2024.

“(together with PNC, collectively, the “Lenders”), pursuant to which the Lenders committed to provide the Company an unsecured $400 million revolving credit facility, including a $200 million five year facility (the “Five Year Facility”) and a $200 million 364 days facility (the “364 Days Facility” and, together with the Five Year Facility, the “Revolver”), subject to”

CHESAPEAKE UTILITIES CORP updated its 2023 guidance (reaffirmed).

“Capital expenditures for the six months ended June 30, 2023 were $91.9 million, and the full year estimate for 2023 continues to range from $200 million to $230 million.”

CHESAPEAKE UTILITIES CORP reported 2025 results: EPS $6.15 to $6.35 per share. Guidance reaffirmed.

“The Company's capital expenditures guidance ranges from $900 million to $1.1 billion for the five years ended 2025, while the EPS guidance range is $6.15 to $6.35 per share for 2025.”

CHESAPEAKE UTILITIES CORP reported six months ended June 30, 2023 results: net income $52.5 million, EPS $2.94.

“For the first half of 2023, net income was $52.5 million compared to $54.0 million for the same period in 2022. EPS for the first half of 2023 was $2.94 compared to $3.04 per share reported in the same prior-year period.”

CHESAPEAKE UTILITIES CORP reported second quarter of 2023 results: net income $16.1 million, EPS $0.90.

“In the second quarter of 2023, the Company's net income was $16.1 million, compared to $17.1 million reported in the same quarter of 2022. EPS in the quarter was $0.90 per share, compared to $0.96 per share reported in the same prior-year period.”

CHESAPEAKE UTILITIES CORP shareholders approved Ratification of appointment of Baker Tilly US, LLP as independent registered public accounting firm for fiscal year 2023 at the 2023-05-03 meeting.

“Proposal 5 : The stockholders voted to ratify, on the advisory non-binding proposal, the appointment of Baker Tilly US, LLP (“Baker Tilly”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The stockholders ratified, on an advisory non-binding basis, the appointment of Baker Tilly in this capacity. There were 15,744,784 affirmative votes, 108,712 negative votes and 34,125 abstentions. There were no broker non-votes for this matter.”

CHESAPEAKE UTILITIES CORP shareholders approved Advisory vote on frequency of Say-on-Pay votes at the 2023-05-03 meeting.

“Proposal 4 : The stockholders voted, on an advisory non-binding basis, on the frequency that stockholder advisory votes, to approve the compensation of our named executive officers, will be taken (the “Say-on-Frequency Proposal”). The stockholders voted, on an advisory non-binding basis, for a 1 year interval for the Say-on-Frequency Proposal. There were 13,375,202 votes for a 1 year frequency, 83,000 votes for a 2 year frequency, and 547,151 votes for a 3 year frequency. There were 65,749 abstentions and 1,816,519 broker non-votes.”

CHESAPEAKE UTILITIES CORP shareholders approved Advisory vote to approve executive compensation (Say-on-Pay) at the 2023-05-03 meeting.

“Proposal 3 : The stockholders voted to approve, on an advisory non-binding basis, the compensation of our named executive officers pursuant to the compensation disclosure rules of the Securities and Exchange Commission (the “Say-on-Pay Proposal”). The stockholders approved, on an advisory non-binding basis, the Say-on-Pay Proposal. There were 13,462,565 affirmative votes, 532,753 negative votes, 75,784 abstentions and 1,816,519 broker non-votes.”

CHESAPEAKE UTILITIES CORP shareholders approved Approval of the 2023 Stock and Incentive Compensation Plan at the 2023-05-03 meeting.

“Proposal 2 : The stockholders voted to approve the Company’s 2023 Stock and Incentive Compensation Plan. The stockholders approved the 2023 Stock and Incentive Compensation Plan. There were 13,493,788 affirmative votes, 510,330 negative votes, 66,984 abstentions and 1,816,519 broker non-votes.”

CHESAPEAKE UTILITIES CORP shareholders approved Election of four director nominees (one Class II and three Class III) at the 2023-05-03 meeting.

“The separate tabulation of votes for each nominee is as follows: (i) Thomas J. Bresnan -13,308,221 votes for, 762,881 votes withheld; (ii) Ronald G. Forsythe, Jr. - 13,797,845 votes for, 273,257 votes withheld; (iii) Stephanie N. Gary - 13,925,763 votes for, 145,339 votes withheld; and (iv) Sheree M. Petrone - 13,937,736 votes for, 133,366 votes withheld. There were 1,816,519 broker non-votes for each nominee. There were no abstentions for any nominee.”

CHESAPEAKE UTILITIES CORP reported the quarter ended March 31, 2023 results: net income $36.3 million, EPS $2.04 per share. Guidance reaffirmed.

“The Company's net income for the quarter ended March 31, 2023 was $36.3 million, compared to $36.9 million reported in the same quarter of 2022. Diluted EPS in the quarter was $2.04 per share, compared to $2.08 per share reported in the same prior-year period.”

CHESAPEAKE UTILITIES CORP: The Board approved and adopted an amendment and restatement of the bylaws, including provisions for virtual stockholder meetings, updated advance notice deadlines, clarified chairperson roles, enhanced director nomination procedures, and permitted electronic notice and householding (effective 2023-05-03).

“On May 3, 2023, the Board of Directors (“Board”) of Chesapeake Utilities Corporation (the “Company”) approved and adopted an amendment and restatement of the Company’s Amended and Restated Bylaws (the “Bylaws”) effective as of the same date.”

CHESAPEAKE UTILITIES CORP reported the year and the fourth quarter ended December 31, 2022 results: net income Net income was $89.8 million, EPS EPS for 2022 was $5.04 per share. Guidance raised.

“Chesapeake Utilities Corporation issued a press release announcing its financial results for the quarter and twelve months ended December 31, 2022.”

CHESAPEAKE UTILITIES CORP reported the quarter and nine months ended September 30, 2022 results: net income $63.6 million, EPS $3.58 per share. Guidance reaffirmed.

“Chesapeake Utilities Corporation (NYSE: CPK) (“Chesapeake Utilities” or the “Company”) today announced its financial results for the three and nine months ended September 30, 2022. On a year-to-date basis, net income was $63.6 million compared to $60.8 million for the same period in 2021. EPS for the nine months ended September 30, 2022 was $3.58 per share compared to $3.45 per share reported in the same prior-year period, or a 3.8 percent increase .”

Stephanie N. Gary was appointed as Director at CHESAPEAKE UTILITIES CORP.

“On July 21, 2022, the Board of Directors (the "Board") of Chesapeake Utilities Corporation (the "Company") increased the size of the Board from eleven to thirteen directors and appointed Sheree M. Petrone and Stephanie N. Gary to serve on the Board, effective July 22, 2022.”

Sheree M. Petrone was appointed as Director at CHESAPEAKE UTILITIES CORP.

“On July 21, 2022, the Board of Directors (the "Board") of Chesapeake Utilities Corporation (the "Company") increased the size of the Board from eleven to thirteen directors and appointed Sheree M. Petrone and Stephanie N. Gary to serve on the Board, effective July 22, 2022.”

Jeffrey S. Sylvester was appointed as Chief Operating Officer at CHESAPEAKE UTILITIES CORP.

“On December 20, 2021, Chesapeake Utilities Corporation (the “Company”) announced that Jeffrey S. Sylvester was appointed as Chief Operating Officer, effective January 1, 2022.”

Lisa G. Bisaccia was appointed as Director at CHESAPEAKE UTILITIES CORP.

“appointed Lisa G. Bisaccia to fill the resulting vacancy, effective October 15, 2021.”