<span item_type="fundamental" item_id="0b8c902f27d85940457586d9be3f2606" counter_id="ST/US/CPK" env="prod"></span><span item_type="announcement" item_id="620132657969765121" env="prod"></span><p>Revenue: As of FY2025, the actual value is USD 930 M, beating the estimate of USD 874.12 M.</p><p>EPS: As of FY2025, the actual value is USD 5.97, missing the estimate of USD 6.02.</p><p>EBIT: As of FY2025, the actual value is USD 265.5 M.</p><p></p><h3>Consolidated Financial Performance</h3><h4>Net Income</h4><ul><li>For the full year 2025, net income was $140.3 million, compared to $118.6 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, net income was $46.1 million, compared to $36.7 million in the prior-year period <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h4>Adjusted Net Income (Non-GAAP)</h4><ul><li>For the full year 2025, adjusted net income was $141.1 million, compared to $121.5 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, adjusted net income was $46.2 million, compared to $37.3 million in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h4>Operating Income</h4><ul><li>For the full year 2025, operating income was $255.9 million, an increase of $27.7 million (12.1%) compared to $228.2 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, operating income was $73.8 million, an increase of $6.9 million (10.3%) compared to $66.9 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h4>Adjusted Gross Margin (Non-GAAP)</h4><ul><li>For the full year 2025, total Adjusted Gross Margin was $638.5 million, an increase of $71.1 million (12.5%) compared to $567.4 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, total Adjusted Gross Margin was $176.1 million, an increase of $21.9 million (14.2%) compared to $154.2 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h4>Operating Revenues</h4><ul><li>For the full year 2025, total operating revenues were $930.0 million, compared to $787.2 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, total operating revenues were $258.9 million, compared to $215.0 million in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h4>Operating Expenses</h4><ul><li>For the full year 2025, total operating expenses were $674.1 million, compared to $559.0 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>For the fourth quarter 2025, total operating expenses were $185.1 million, compared to $148.1 million in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h3>Segment-Specific Financial Performance</h3><h4>Regulated Energy Segment</h4><ul><li><strong>Adjusted Gross Margin (Non-GAAP)</strong>:<ul><li>Full Year 2025: $494.0 million, an increase of $54.8 million (12.5%) from $439.2 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $133.5 million, an increase of $18.4 million (16.0%) from $115.1 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Operating Income</strong>:<ul><li>Full Year 2025: $222.0 million, an increase of $25.8 million (13.1%) from $196.2 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $60.8 million, an increase of $7.2 million (13.4%) from $53.6 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Operating Revenues</strong>:<ul><li>Full Year 2025: $687.8 million, compared to $583.4 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $190.0 million, compared to $153.7 million in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Other Operating Expenses</strong>:<ul><li>Full Year 2025: $166.1 million, an increase of $9.6 million (6.1%) from $156.5 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $46.1 million, an increase of $4.3 million (10.3%) from $41.8 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li></ul><h4>Unregulated Energy Segment</h4><ul><li><strong>Adjusted Gross Margin (Non-GAAP)</strong>:<ul><li>Full Year 2025: $144.6 million, an increase of $16.4 million (12.8%) from $128.2 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $42.7 million, an increase of $3.6 million (9.2%) from $39.1 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Operating Income</strong>:<ul><li>Full Year 2025: $33.6 million, an increase of $1.9 million (6.0%) from $31.7 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $12.7 million, a decrease of - $0.4 million (-3.1%) from $13.1 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Operating Revenues</strong>:<ul><li>Full Year 2025: $271.9 million, compared to $228.4 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $76.6 million, compared to $68.3 million in the fourth quarter of 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Other Operating Expenses</strong>:<ul><li>Full Year 2025: $87.9 million, an increase of $10.5 million (13.6%) from $77.4 million in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Fourth Quarter 2025: $23.7 million, an increase of $2.7 million (12.9%) from $21.0 million in the same period in 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li></ul><h3>Capital and Balance Sheet Metrics</h3><ul><li>Capital spending for 2025 was a record $470.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>The Equity to Total Capitalization Ratio approximated 50 percent at December 31, 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Total assets were $3,994.8 million as of December 31, 2025, compared to $3,577.0 million as of December 31, 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Total capitalization was $2,925.6 million as of December 31, 2025, compared to $2,651.9 million as of December 31, 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Long-term debt, net of current maturities, was $1,327.1 million as of December 31, 2025, compared to $1,261.7 million as of December 31, 2024 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul><h3>Operational Metrics</h3><ul><li><strong>Customer Growth (2025)</strong>:<ul><li>Residential customer growth was 4.1 percent in Delmarva <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Residential customer growth was 3.6 percent for FPU in Florida <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Residential customer growth was 2.2 percent for FCG in Florida <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li><li><strong>Adjusted Gross Margin Drivers (Full Year 2025)</strong>:<ul><li>Natural gas transmission service expansions contributed $18.8 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Contributions from regulated infrastructure programs amounted to $13.8 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Rate changes from rate case activities added $12.6 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Increased demand for CNG/LNG/RNG services contributed $10.7 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Higher customer consumption added $9.5 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>Natural gas growth (excluding service expansions) contributed $7.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li><li>A change in propane margins and service fees resulted in - $1.4 million <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul></li></ul><h3>Outlook and Guidance</h3><ul><li>Chesapeake Utilities Corporation ([切萨皮克气业]) is initiating 2026 capital expenditure guidance of $450-$500 million and continues to affirm its 2024-2028 capital expenditure guidance of $1.5 - $1.8 billion <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>. The Company also affirms its 2028 EPS guidance of $7.75 - $8.00 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/19745/000162828026011742/exhibit99-prq42025.htm"></span>.</li></ul>

Chesapeake Utilities | 8-K: FY2025 Revenue Beats Estimate at USD 930 M