{"success":true,"data":{"pressRelease":{"id":"157899","rtpr_id":"nPn6KsKCfa-20261001","ticker":"CPK","exchange":"NYSE","all_tickers":["CPK"],"title":"CHESAPEAKE UTILITIES CORPORATION ANNOUNCES $225 MILLION AT-THE-MARKET (ATM) EQUITY OFFERING PROGRAM","author":"PR Newswire","published_at":"2026-10-01T11:15:00.223Z","article_body":"CHESAPEAKE UTILITIES CORPORATION ANNOUNCES $225 MILLION AT-THE-MARKET (ATM) EQUITY OFFERING PROGRAM\nPR Newswire\n\nDOVER, Del., Oct. 1, 2026\n\nDOVER, Del., Oct. 1, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation\n(NYSE: CPK) (\"Chesapeake Utilities\" or the \"Company\") today announced that it\nhas established an at-the-market equity offering program (the \"ATM Program\")\nto sell shares of its common stock having an aggregate sales price of up to\n$225,000,000, from time to time through either the Managers (as defined below)\nor the Forward Sellers (as defined below) (including the shares that may be\nsold pursuant to forward sale agreements, the \"Shares\").\n\nThe Shares will be offered under the Company's existing shelf registration\nstatement on Form S-3 (File No.: 333-299198) filed with the Securities and\nExchange Commission (the \"SEC\"). The offering is being made by means of a\nprospectus supplement to the prospectus contained in the registration\nstatement. Sales of the Shares may be made in transactions deemed to be\n\"at-the-market offerings,\" as defined in Rule 415 under the Securities Act of\n1933, as amended, including by sales made directly on or through the New York\nStock Exchange. For sales pursuant to a forward sale agreement, the relevant\nForward Purchaser will, at the Company's request, attempt to borrow from third\nparties and, through the relevant Forward Seller, sell a number of Shares\nequal to the number of Shares that underlie the forward sale agreement to\nhedge such forward sale agreement.\n\nChesapeake Utilities intends to use the proceeds from the sales, if any, of\nthe Shares for general corporate purposes, including, but not limited to,\nfinancing of capital expenditures, repayment of short-term debt or borrowings\nunder its revolving credit facility, financing acquisitions, investing in\nsubsidiaries and general working capital purposes.\n\nThe Company established the ATM Program pursuant to an equity distribution\nagreement entered into with Barclays Capital Inc., Citizens JMP Securities,\nLLC, Ladenburg Thalmann & Co. Inc., Morgan Stanley & Co. LLC, RBC\nCapital Markets, LLC and TD Securities (USA) LLC, as managers (in such\ncapacity, each a \"Manager\" and, together, the \"Managers\"), Barclays Bank PLC,\nCitizens JMP Securities, LLC, Morgan Stanley & Co. LLC, Royal Bank of\nCanada and The Toronto-Dominion Bank, as forward purchasers (in such capacity,\neach a \"Forward Purchaser\" and, together, the \"Forward Purchasers\"), and\nBarclays Capital Inc., Citizens JMP Securities, LLC, Morgan Stanley & Co.\nLLC, RBC Capital Markets, LLC and TD Securities (USA) LLC, as affiliated\nforward sellers (in such capacity, each a \"Forward Seller\" and, together, the\n\"Forward Sellers\").\n\nBefore making an investment in the Shares, potential investors should read the\nprospectus and the prospectus supplement for more complete information about\nChesapeake Utilities and the offering. Potential investors may obtain these\ndocuments for free by visiting EDGAR on the SEC's website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787587-1&h=2817109682&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n. Alternatively, copies of the prospectus supplement may be obtained free of\ncharge from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155\nLong Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by\nemail at barclaysprospectus@broadridge.com\n(mailto:barclaysprospectus@broadridge.com) .\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of these securities, in any\nstate or other jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or other jurisdiction.\n\nAbout Chesapeake Utilities Corporation\nChesapeake Utilities Corporation is a diversified energy delivery company\nlisted on the New York Stock Exchange. Chesapeake Utilities Corporation offers\nsustainable energy solutions through its natural gas transmission and\ndistribution, electricity generation and distribution, propane gas\ndistribution, mobile compressed natural gas utility services and solutions and\nother businesses.\n\nForward-Looking Statements\nMatters included in this release may include forward-looking statements that\ninvolve risks and uncertainties. Actual results may differ materially from\nthose in the forward-looking statements. Please refer to the Safe Harbor for\nForward-Looking Statements in the Company's 2025 Annual Report on Form 10-K\nand subsequent reports filed with the SEC for further information on the risks\nand uncertainties related to the Company's forward-looking statements.\n\nChesapeake Utilities Corporation Contacts:\n\nNoah T. Russell\nAssistant Vice President and Treasurer\n302.387.9147\nNrussell@chpk.com (mailto:VPrice@chpk.com)\n\nLucia Dempsey\nHead of Investor Relations\n347.804.9067\nLDempsey@chpk.com (mailto:LDempsey@chpk.com)\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-225-million-at-the-market-atm-equity-offering-program-302895754.html\n(https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-225-million-at-the-market-atm-equity-offering-program-302895754.html)\n\nSOURCE Chesapeake Utilities Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS560468/Chesapeake-Utilities-Corporation-Logo.jpg?id=OA2982176\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6KsKCfa-20261001","title":"CHESAPEAKE UTILITIES CORPORATION ANNOUNCES $225 MILLION AT-THE-MARKET (ATM) EQUITY OFFERING PROGRAM","author":"PR Newswire","ticker":"CPK","created":"2026-10-01T11:15:00.223Z","tickers":["CPK"],"exchange":"NYSE","article_body":"CHESAPEAKE UTILITIES CORPORATION ANNOUNCES $225 MILLION AT-THE-MARKET (ATM) EQUITY OFFERING PROGRAM\nPR Newswire\n\nDOVER, Del., Oct. 1, 2026\n\nDOVER, Del., Oct. 1, 2026 /PRNewswire/ -- Chesapeake Utilities Corporation\n(NYSE: CPK) (\"Chesapeake Utilities\" or the \"Company\") today announced that it\nhas established an at-the-market equity offering program (the \"ATM Program\")\nto sell shares of its common stock having an aggregate sales price of up to\n$225,000,000, from time to time through either the Managers (as defined below)\nor the Forward Sellers (as defined below) (including the shares that may be\nsold pursuant to forward sale agreements, the \"Shares\").\n\nThe Shares will be offered under the Company's existing shelf registration\nstatement on Form S-3 (File No.: 333-299198) filed with the Securities and\nExchange Commission (the \"SEC\"). The offering is being made by means of a\nprospectus supplement to the prospectus contained in the registration\nstatement. Sales of the Shares may be made in transactions deemed to be\n\"at-the-market offerings,\" as defined in Rule 415 under the Securities Act of\n1933, as amended, including by sales made directly on or through the New York\nStock Exchange. For sales pursuant to a forward sale agreement, the relevant\nForward Purchaser will, at the Company's request, attempt to borrow from third\nparties and, through the relevant Forward Seller, sell a number of Shares\nequal to the number of Shares that underlie the forward sale agreement to\nhedge such forward sale agreement.\n\nChesapeake Utilities intends to use the proceeds from the sales, if any, of\nthe Shares for general corporate purposes, including, but not limited to,\nfinancing of capital expenditures, repayment of short-term debt or borrowings\nunder its revolving credit facility, financing acquisitions, investing in\nsubsidiaries and general working capital purposes.\n\nThe Company established the ATM Program pursuant to an equity distribution\nagreement entered into with Barclays Capital Inc., Citizens JMP Securities,\nLLC, Ladenburg Thalmann & Co. Inc., Morgan Stanley & Co. LLC, RBC\nCapital Markets, LLC and TD Securities (USA) LLC, as managers (in such\ncapacity, each a \"Manager\" and, together, the \"Managers\"), Barclays Bank PLC,\nCitizens JMP Securities, LLC, Morgan Stanley & Co. LLC, Royal Bank of\nCanada and The Toronto-Dominion Bank, as forward purchasers (in such capacity,\neach a \"Forward Purchaser\" and, together, the \"Forward Purchasers\"), and\nBarclays Capital Inc., Citizens JMP Securities, LLC, Morgan Stanley & Co.\nLLC, RBC Capital Markets, LLC and TD Securities (USA) LLC, as affiliated\nforward sellers (in such capacity, each a \"Forward Seller\" and, together, the\n\"Forward Sellers\").\n\nBefore making an investment in the Shares, potential investors should read the\nprospectus and the prospectus supplement for more complete information about\nChesapeake Utilities and the offering. Potential investors may obtain these\ndocuments for free by visiting EDGAR on the SEC's website at www.sec.gov\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787587-1&h=2817109682&u=http%3A%2F%2Fwww.sec.gov%2F&a=www.sec.gov)\n. Alternatively, copies of the prospectus supplement may be obtained free of\ncharge from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155\nLong Island Avenue, Edgewood, NY 11717, by telephone at 1-888-603-5847, or by\nemail at barclaysprospectus@broadridge.com\n(mailto:barclaysprospectus@broadridge.com) .\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy, nor shall there be any sale of these securities, in any\nstate or other jurisdiction in which such offer, solicitation or sale would be\nunlawful prior to registration or qualification under the securities laws of\nany such state or other jurisdiction.\n\nAbout Chesapeake Utilities Corporation\nChesapeake Utilities Corporation is a diversified energy delivery company\nlisted on the New York Stock Exchange. Chesapeake Utilities Corporation offers\nsustainable energy solutions through its natural gas transmission and\ndistribution, electricity generation and distribution, propane gas\ndistribution, mobile compressed natural gas utility services and solutions and\nother businesses.\n\nForward-Looking Statements\nMatters included in this release may include forward-looking statements that\ninvolve risks and uncertainties. Actual results may differ materially from\nthose in the forward-looking statements. Please refer to the Safe Harbor for\nForward-Looking Statements in the Company's 2025 Annual Report on Form 10-K\nand subsequent reports filed with the SEC for further information on the risks\nand uncertainties related to the Company's forward-looking statements.\n\nChesapeake Utilities Corporation Contacts:\n\nNoah T. Russell\nAssistant Vice President and Treasurer\n302.387.9147\nNrussell@chpk.com (mailto:VPrice@chpk.com)\n\nLucia Dempsey\nHead of Investor Relations\n347.804.9067\nLDempsey@chpk.com (mailto:LDempsey@chpk.com)\n\n \n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-225-million-at-the-market-atm-equity-offering-program-302895754.html\n(https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-225-million-at-the-market-atm-equity-offering-program-302895754.html)\n\nSOURCE Chesapeake Utilities Corporation\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS560468/Chesapeake-Utilities-Corporation-Logo.jpg?id=OA2982176\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-01T11:15:00.282235754Z","server_sent_at_ms":1790853300282},"received_at":"2026-10-01T11:15:00.334Z","source_url":"https://www.prnewswire.com/news-releases/chesapeake-utilities-corporation-announces-225-million-at-the-market-atm-equity-offering-program-302895754.html"},"analysis":{"id":"146547","press_release_id":"157899","analysis_json":{"industry":{"label":"Gas Utilities","sector":"Utilities"},"redFlags":["ATM program creates up to $225M of potential equity dilution over time","use of proceeds is broadly 'general corporate purposes'"],"eventType":"offering","narrative":"Chesapeake Utilities established a $225 million at-the-market equity offering program to sell common stock from time to time at prevailing market prices.\n\nThe program can also be executed through forward sale agreements with Barclays, Morgan Stanley, RBC, TD and Citizens JMP acting as forward purchasers, and operates under the company's existing Form S-3 shelf.\n\nProceeds are earmarked for general corporate purposes including capex financing, short-term debt repayment, acquisitions and working capital -- consistent with a regulated utility's routine funding needs.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Chesapeake Utilities adds $225M ATM capacity -- incremental dilution overhang but standard utility financing, not an imminent raise."},"keyFigures":{"dealValueUsd":225000000,"customDimensions":{"program_type":"at-the-market (ATM) equity offering with forward sale capability","shelf_registration":"Form S-3 File No. 333-299198"}},"quotedText":"intends to use the proceeds from the sales, if any, of the Shares for general corporate purposes","namedEntities":{"people":[{"name":"Noah T. Russell","role":"Assistant Vice President and Treasurer"},{"name":"Lucia Dempsey","role":"Head of Investor Relations"}],"products":[],"companies":[{"name":"Chesapeake Utilities Corporation","ticker":"CPK","relationship":"filer/issuer"},{"name":"Barclays Capital Inc.","relationship":"manager and forward seller"},{"name":"Citizens JMP Securities, LLC","relationship":"manager and forward seller"},{"name":"Ladenburg Thalmann & Co. Inc.","relationship":"manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"manager, forward purchaser and forward seller"},{"name":"RBC Capital Markets, LLC","relationship":"manager and forward seller"},{"name":"TD Securities (USA) LLC","relationship":"manager and forward seller"},{"name":"Barclays Bank PLC","relationship":"forward purchaser"},{"name":"Royal Bank of Canada","relationship":"forward purchaser"},{"name":"The Toronto-Dominion Bank","relationship":"forward purchaser"}],"dollarAmounts":[{"amount":"$225,000,000","context":"aggregate sales price cap of ATM equity offering program"}]},"materialImpact":{"score":2,"reasoning":"Establishment of a $225M ATM program is a financing tool, not an immediate sale; ATM sales occur gradually at market prices, limiting dilution shock. Moderate but routine capital-raising flexibility for a regulated utility."},"tickerRelevance":{"others":[],"primary":"CPK"},"globalImportance":25,"audienceRelevance":20,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"mid-cap utility","eventGravity":"ATM program establishment (no immediate sale)","routineFinancing":true,"dilutionPotential":"$225M cap"}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"neutral","material_impact_score":2,"narrative":"Chesapeake Utilities established a $225 million at-the-market equity offering program to sell common stock from time to time at prevailing market prices.\n\nThe program can also be executed through forward sale agreements with Barclays, Morgan Stanley, RBC, TD and Citizens JMP acting as forward purchasers, and operates under the company's existing Form S-3 shelf.\n\nProceeds are earmarked for general corporate purposes including capex financing, short-term debt repayment, acquisitions and working capital -- consistent with a regulated utility's routine funding needs.","key_figures":{"dealValueUsd":225000000,"customDimensions":{"program_type":"at-the-market (ATM) equity offering with forward sale capability","shelf_registration":"Form S-3 File No. 333-299198"}},"named_entities":{"people":[{"name":"Noah T. Russell","role":"Assistant Vice President and Treasurer"},{"name":"Lucia Dempsey","role":"Head of Investor Relations"}],"products":[],"companies":[{"name":"Chesapeake Utilities Corporation","ticker":"CPK","relationship":"filer/issuer"},{"name":"Barclays Capital Inc.","relationship":"manager and forward seller"},{"name":"Citizens JMP Securities, LLC","relationship":"manager and forward seller"},{"name":"Ladenburg Thalmann & Co. Inc.","relationship":"manager"},{"name":"Morgan Stanley & Co. LLC","relationship":"manager, forward purchaser and forward seller"},{"name":"RBC Capital Markets, LLC","relationship":"manager and forward seller"},{"name":"TD Securities (USA) LLC","relationship":"manager and forward seller"},{"name":"Barclays Bank PLC","relationship":"forward purchaser"},{"name":"Royal Bank of Canada","relationship":"forward purchaser"},{"name":"The Toronto-Dominion Bank","relationship":"forward purchaser"}],"dollarAmounts":[{"amount":"$225,000,000","context":"aggregate sales price cap of ATM equity offering program"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T11:15:06.022Z","global_importance":25,"audience_relevance":20,"importance_components":{"tickerTier":"mid-cap utility","eventGravity":"ATM program establishment (no immediate sale)","routineFinancing":true,"dilutionPotential":"$225M cap"}},"durationMs":5645,"modelName":"glm-5.3-flashx"}}