Latest Refining Margins News

Ampol Limited reported a dramatic turnaround with a $1.36 billion statutory profit in H1 2026, buoyed by soaring refinery margins and the strategic acquisition of EG Australia.

Cadence Opportunities Fund fell 2.3% in July, lagging the All Ordinaries index, but delivered a robust 26.6% gain over the past year and declared fully franked dividends yielding up to 7.4%.

Ampol's first half 2026 earnings soared, powered by a resilient supply chain and a sharp rise in refinery margins driven by Middle East geopolitical tensions.

Viva Energy’s 1H26 EBITDA surged to an estimated $770-$780 million, more than doubling from 1H25, driven by elevated refining margins amid Middle East supply disruptions and robust retail and commercial sales.

Viva Energy has brought its Residue Catalytic Cracking Unit back online at the Geelong Refinery, pushing production to over 90% capacity following a fire in April. However, the Alkylation unit remains offline and is expected to be out of action throughout 2027.

Ampol Limited showcased resilience in 2025 with strong refining margins supported by government payments and robust retail growth, while awaiting ACCC approval for its EG Australia acquisition promising significant synergies.

Ampol reported a robust first quarter in 2026, with refinery margins soaring to US$25.45 per barrel and production up 10%, while securing fuel supplies through May despite geopolitical tensions.

Virgin Australia navigates a doubling of jet fuel prices with robust hedging and fare adjustments, maintaining its FY26 earnings outlook despite rising costs.

Qantas has sharply revised its FY26 outlook as jet fuel prices soar, doubling its international unit revenue growth forecast while trimming domestic capacity and deferring its share buyback.

The Australian Government has increased financial support thresholds for Viva Energy’s Geelong Refinery, reflecting rising operating costs and reinforcing domestic fuel security through the decade.

Ampol has welcomed key amendments to the Fuel Security Services Payment scheme and postponed refinery maintenance to increase domestic fuel production amid global supply disruptions.

Viva Energy Group Limited reported a significant net loss for 2025, driven by retail asset impairments, yet underlying profits and strategic investments signal resilience and a clear path forward.