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Asia

Australian Shares Jump; Ansell Fiscal 2026 Adjusted Earnings, Revenue Up

Australian shares rose on Monday as metal prices climbed.The S&P/ASX 200 Index gained 0.49%, or 44.20 points, to close at 9,103.10.Spot gold rose nearly 1% to $4,653 per ounce. Expectations of a stimulus package signal in China pushed iron ore futures up to $97.70 per tonne. Copper ore prices were also higher.Brent crude futures ​fell over 1% to around $93 per barrel as investors awaited the proposed US sanctions against Iran's trading partners as a diplomatic stalemate between them continues.In company news, Ansell (ASX:ANN) logged $1.486 in adjusted earnings per share for fiscal 2026, compared with $1.261 a year ago. For the 12 months ended June 30, revenue was $2.14 billion versus $2 billion previously. Its shares closed up 9%.PLS Group (ASX:PLS) logged AU$0.1614 in earnings per share for fiscal 2026, compared with a loss of AU$0.0633 a year ago. For the 12 months ended June 30, revenue was AU$1.93 billion versus AU$768.9 million previously.Lastly, Ampol (ASX:ALD) logged AU$3.582 in underlying replacement cost operating profit after tax earnings per share for the first-half, compared with AU$0.749 a year ago. For the six months ended June 30, revenue was AU$20.41 billion versus AU$15.3 billion previously.

ASX 200ASX:ALDASX:ANNASX:PLS
Asia

Ampol H1 Underlying Earnings, Revenue Up

Ampol (ASX:ALD) logged AU$3.582 in underlying replacement cost operating profit after tax earnings per share for the first-half, compared with AU$0.749 a year ago, a Monday filing showed.Analysts polled by FactSet expected earnings of AU$3.61.For the six months ended June 30, revenue was AU$20.41 billion versus AU$15.3 billion previously, the Australia-listed fuel retailer added. Analysts surveyed by FactSet expected AU$16.36 billion.The board declared an interim dividend of AU$1.85 per share, up from AU$0.40 a year earlier, payable Sept. 30 to shareholders on record as of Sept. 7.

ASX:ALD
Asia

GrainCorp, Ampol, IFM Investors Welcome Government Consultation on Low Carbon Fuels Demand Framework

GrainCorp (ASX:GNC), Ampol (ASX:ALD), and IFM Investors said they have welcomed the Australian Government's release of its Securing Australia's Cleaner Fuels Industry Consultation Paper, describing it as a critical step toward building a domestic renewable fuels supply chain, according to a Friday statement.The companies said the consultation paper recognizes that clear demand-side policy settings are needed alongside supply-side measures to give industry the confidence to invest in domestic production at scaleGrainCorp is exploring the feasibility of building a new canola processing facility to supply Australian canola oil to the future plant, with the project having the potential to produce 750 million liters of sustainable aviation fuel and renewable diesel each year using Australian-grown feedstocks including canola, used cooking oil and tallow, the statement added.GrainCorp's shares fell nearly 1% in recent Friday trade.

ASX:ALDASX:GNC
Asia

Strong Refining Margin Allows Viva Energy to Repair Balance Sheet, Helps Ampol Delever, Jefferies Says

Very strong refining margin allowed Viva Energy Group (ASX:VEA) to repair its balance sheet and helped Ampol (ASX:ALD) to delever, Jefferies said in a note on Thursday.Retail fuel margins softened recently but may continue to rise over time. They will remain elevated for some time given ongoing crude and product supply disruptions in the Middle East as well Russia banning exports of diesel and gasoline.Jefferies said it preferred Ampol given better execution, especially in retail. It is expected to deliver strong results in the first half in fuel and infrastructure given pre-existing hedging positions, demand pull-forward, trading and shipping earnings, and strong refining margins.Viva Energy still needs to reset its C&M strategy despite some improvement, the note said.The investment firm assigned Ampol a buy rating with a price target of AU$43.50 per share, and Viva Energy a hold rating with a price target of AU$2.30 per share.

ASX:ALDASX:VEA
Asia

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Tuesday.FireFly Metals (ASX:FFM): -5%, AU$1.77Tabcorp Holdings (ASX:TAH): -3%, AU$0.87Predictive Discovery (ASX:PDI): -2%, AU$0.65The Lottery Corporation (ASX:TLC): -2%, AU$5.49Tamboran Resources CDI (ASX:TBN): -2%, AU$0.23Ampol (ASX:ALD): -2%, AU$39.13Stanmore Resources (ASX:SMR): -2%, AU$2.27Webjet Group (ASX:WEB): -2%, AU$3.46Viva Energy Group (ASX:VEA): -1%, AU$2.75Flight Centre Travel Group (ASX:FLT): -1%, AU$13.16

ASX 200ASX:ALDASX:FFMASX:FLTASX:PDIASX:SMRASX:TAHASX:TBNASX:TLCASX:VEAASX:WEB
Research

Evans & Partners Downgrades Ampol to Neutral from Positive; Price Target is AU$41

Ampol (ASX:ALD) has an average rating of overweight and mean price target of AU$41.64, according to analysts polled by FactSet.

ASX:ALDNZE:ALD
Research

RBC Downgrades Ampol to Sector Perform from Outperform; Price Target is AU$40

Ampol (ASX:ALD) has an average rating of overweight and mean price target of AU$41.64, according to analysts polled by FactSet.

ASX:ALDNZE:ALD
Asia

Australian Shares Retreat; Ampol Reports Higher H1 Profit, Says Queensland Refinery to Undergo Major Maintenance in August

Australian shares closed lower on Thursday, as investors reacted to fresh escalations in the conflict in the Middle East as well as the US Federal Reserve's monetary policy decision.The S&P/ASX 200 Index fell 0.78%, or by 70.90 points, to close at 8,967.70 after setting a new 100-day high.Brent crude oil futures fell to trade around $91 per barrel even as the US conducted fresh strikes against targets in Iran.The US Federal Reserve, under new Chair Kevin Warsh, kept monetary policy unchanged. Overnight on Wall Street, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 1.5%, 1.7%, and 2.2%, respectively.On the domestic front, Australia's export prices rose 1.1% in the June quarter following a 0.5% increase in the March quarter, while growth in import prices accelerated to 5.7% from 0.1%, data from the Australian Bureau of Statistics showed.The number of total dwellings approved in Australia in seasonally adjusted terms recorded an increase of 7.2% month on month to 18,328 in June and 8.9% year on year, according to figures from the Australian Bureau of Statistics.In company news, Ampol (ASX:ALD) said its first-half unaudited group replacement cost operating profit (RCOP) earnings before interest, taxes, depreciation, and amortization (EBITDA) clocked in around AU$1.6 billion, jumping from the AU$649 million reported in the prior-year period. It added that the Lytton refinery in Queensland will undergo major maintenance starting in August. Ampol's shares earlier hit an all-time high.Domino's Pizza Enterprises (ASX:DMP) reaffirmed its fiscal 2026 underlying profit after tax guidance of AU$118 million to AU$122 million despite expecting a statutory loss after booking around AU$300 million in mostly non-cash balance sheet write-downs.Lastly, National Australia Bank (ASX:NAB) said the business lending balances of its business and private banking (B&PB) division jumped 10% year over year to AU$180 billion in the June quarter from AU$165 billion.

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Asia

Ampol Reports Higher H1 Profit, Says Queensland Refinery to Undergo Major Maintenance in August; Shares Hit All-Time High

Ampol (ASX:ALD) said its first-half unaudited group replacement cost operating profit (RCOP) earnings before interest, taxes, depreciation, and amortization (EBITDA) clocked in around AU$1.6 billion, jumping from the AU$649 million reported in the prior-year period, according to a Thursday Australian bourse filing.The company's RCOP earnings before interest and taxes (EBIT) came in around AU$1.35 billion, surging from AU$404 million in the 2025 first half.In the same filing, the company said the Lytton refinery in Queensland will undergo a major maintenance starting in August and expected to be completed during October, with the anticipated impact to production volumes to be around 300 million liters.The Lytton refiner margin averaged $28.26 per barrel for the first half with total refinery production of 2.95 billion liters. The margin rocketed up 280% year over year from $7.44 per barrel, and production rose 8.7% from 2.71 billion liters in the 2025 first half.Ampol's shares jumped over 1% in recent trading on Thursday and earlier hit an all-time high.

ASX:ALD
Asia

Australian Shares Flat; Karoon Energy Restores Production at Brazil Well

Australian shares were flat on Monday after oil prices jumped as the ceasefire between the US and Iran broke down.The S&P/ASX 200 Index was little changed to close at 8,808.50.Brent crude oil futures jumped over 4% to trade around $79 per barrel, increasing inflation risks. Iran claimed that it had closed the Strait of Hormuz.Gold fell past 1% to trade around $4,060 per ounce.On the domestic front, Australian customers have so far spent over AU$7 billion during this year's FIFA World Cup, with spending increases recorded across key fan categories, according to an ANZ analysis.Spending increased in various sectors: takeaway food by 6.6%, cafes and restaurants by 5.5%, bars and hotels by 5.2%, and sporting apparel by 9.3%.In company news, Karoon Energy (ASX:KAR) restored production at the PRA-2 well at its Baúna project in Brazil after reconnecting the umbilical and re-establishing connectivity with the submersible pump. The well came back online on July 6 and is currently producing between 1,000 and 1,200 barrels of oil per day.Ampol (ASX:ALD) secured a cornerstone investment from KKR in its AU$400 million financing transaction. Ampol will use the funds for refinancing initiatives and other general corporate purposes.Lastly, oOh!media (ASX:OML) said Pacific Equity Partners, I Squared Capital, and Oaktree Capital Management reconfirmed their non-binding indicative offers to acquire the company at a price range of AU$1.60 to AU$1.65 per share. It plans to continue engagement with all three prospective buyers on diligence and binding documentation.

ASX 200ASX:ALDASX:KARASX:OML
Asia

Ampol Secures KKR as Cornerstone Investor in AU$400 Million Financing Transaction; Shares Up 3%

Ampol (ASX:ALD) secured a cornerstone investment from KKR in its AU$400 million financing transaction, according to a Monday statement from the investment firm.KKR is making this investment from its Asia Pacific Credit strategy and insurance platform, with support from Clifford Capital.Ampol will use the funds for refinancing initiatives and other general corporate purposes.Ampol's shares rose nearly 3% in recent trading on Monday.

ASX:ALD
Asia

Ampol Closes AU$400 Million Delayed-Draw Subordinated Notes Facility

Ampol (ASX:ALD) closed a wholesale offering of a new AU$400 million delayed-draw subordinated notes facility, according to a Monday filing with the Australian bourse.The new facility includes a delayed-draw feature, giving the company long-dated funding and flexibility to issue the notes in up to two tranches of AU$250 million and AU$150 million, respectively, per the filing.The facility carries a roughly nine-month availability period through March 2027 in the case of the AU$250 million tranche, and a 24-month availability through June 2028 for the AU$150 million tranche.Ampol plans to use the net proceeds from the facility to refinance debt and for general corporate purposes, per the filing.

ASX:ALD
Asia

Ampol Secures ACCC Exemption for Cash Acceptance Requirement Regarding 50 Motor Fuel Retail Sites

The Australian Competition and Consumer Commission (ACCC) granted Ampol (ASX:ALD) unit Ampol Australia Petroleum an exemption from the requirement to accept cash for certain in-person payments in relation to 50 motor fuel retail sites in New South Wales, Queensland, Western Australia, South Australia, Tasmania, and Victoria, according to a Thursday statement from the regulator.The exemption for Ampol began on June 24 and will last for five years, the ACCC said.The exemption includes a condition that the motor fuel retailer must notify the regulator if there is a material change in circumstances relevant to the exemption, the regulator added.

ASX:ALD
Asia

Ampol Completes Over AU$1 Billion Acquisition of EG Australia

Ampol (ASX:ALD) has completed its acquisition of EG Group Australia and EG AsiaPac Holdings, collectively referred to as EG Australia, on Tuesday, according to a Wednesday filing with the Australian bourse.The company paid around AU$1.17 billion in gross consideration, or AU$1.12 billion net of an estimated upfront working capital release, per the filing.EG Australia operates about 480 company-owned and operated sites, sells roughly 2 billion liters of Ampol-branded fuel annually, and employs around 4,200 staff across corporate, store, and site roles, the filing said.The deal accelerates the company's growth strategy by expanding its segmented retail model across Foodary and U-GO formats while deepening loyalty integration through Woolworths Everyday Rewards.The company said it expects AU$65 million to AU$80 million in annual synergies by June 2028, with high-single-digit earnings and double-digit free cash flow per share accretion, driven by scale, network conversion, and merchandising gains, while maintaining its investment-grade credit profile, the filing added.

ASX:ALD
Asia

Ampol Launches AU$400 Million Delayed-Draw Subordinated Notes Facility

Ampol (ASX:ALD) has launched a AU$400 million wholesale delayed-draw subordinated notes facility, extending its capital management program following subordinated debt issuances in October 2025 and December 2025, according to a Friday filing with the Australian bourse.The facility provides committed long-term funding in two tranches of AU$250 million and AU$150 million, available until March 2027 and June 2028 respectively, per the filing.The proceeds will be used primarily to refinance existing subordinated debt, including notes callable in 2027 and sustainability-linked notes due in 2028, as well as for general corporate purposes, the filing said.The notes have a 12-year non-call period and mature in 2058, the filing added.The company's shares rose around 1% in recent Friday trade.

ASX:ALD
Asia

Australian Shares Climb; Ampol Secures ACCC Nod for Proposed Acquisition of Fuel, Convenience Retailer

Australian shares rose on Wednesday even as hostilities flared in the Middle East, as hopes of a peace agreement being reached between the US and Iran waned.The S&P/ASX 200 Index was up 0.7%, or 61.30 points, to close at 8,785.70.The US said Iranian missile attacks on ​Bahrain, Kuwait, and other regional targets were either thwarted or failed.Brent crude oil futures were trading above $97 per barrel.On the domestic front, Australia's gross domestic product (GDP) grew 0.3% in the March quarter on a seasonally adjusted, chain volume basis, after a 0.9% growth in the December 2025 quarter, according to the Australian Bureau of Statistics. The GDP rose 2.5% compared with a year earlier.Australia's seasonally adjusted S&P Global Services purchasing managers' index (PMI) business activity index fell below the 50 no-change mark in May, posting 48.7 from 50.7 in April, according to a report by S&P Global.The Australian Industry Index remained weak in May, largely due to the energy crisis, with the index down 1 point to -26.5 in seasonally adjusted terms, according to a report released by the Australian Industry Group.In company news, Ampol's (ASX:ALD) proposed acquisition of fuel and convenience retailer EG Australia received approval from the Australian Competition and Consumer Commission (ACCC). The approval is conditional on the company giving an executed court-enforceable undertaking to the ACCC to divest 41 sites to Metro Petroleum.Superloop (ASX:SLC) upgraded its fiscal year 2026 guidance for underlying earnings before interest, taxes, depreciation, and amortization to AU$118 million to AU$122 million from a prior forecast of AU$112 million to AU$120 million.Lastly, Cygnus Metals (ASX:CY5) agreed to be acquired by Central Asia Metals in an all-scrip deal that values each Cygnus share at AU$0.176. Under a definitive scheme implementation deed, Cygnus shareholders will receive 0.06 new Central Asia Metals shares for each Cygnus share held.

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Asia

ASX Preview: Australian Shares Set to Rise as Oil Advances, Gold Falls on Strong US Labor Data; Northern Star Resources Increases Estimated Mineral Resources, Ore Reserves

Australian shares are poised to rise on Wednesday, tracking higher oil prices after crude climbed to a one-week high amid volatile trading as markets weighed uncertain Iran-US negotiations and ongoing tensions around the Strait of Hormuz.Market sentiment was also influenced by a softer gold price as stronger-than-expected US labor data reinforced expectations that the Federal Reserve will keep interest rates elevated for longer.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average rose 0.1%, 0.03%, and 0.5%, respectively.In the macroeconomy, the Australian national accounts report is due at 11:30 am Sydney time.In corporate news, Northern Star Resources (ASX:NST) said its estimated mineral resources increased 26% to 88.9 million ounces as of March 31, while its estimated ore reserves jumped 27% to 28.4 million ounces.Ampol's (ASX:ALD) proposed acquisition of fuel and convenience retailer EG Australia received approval from the Australian Competition and Consumer Commission.Australia's benchmark index edged down 5 points to close at 8,724.40 on Tuesday.

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Asia

Ampol Secures ACCC Nod for Proposed Acquisition of Fuel, Convenience Retailer

Ampol's (ASX:ALD) proposed acquisition of fuel and convenience retailer EG Australia received approval from the Australian Competition and Consumer Commission (ACCC), according to a Wednesday filing with the Australian bourse.The approval is conditional on the company giving an executed court-enforceable undertaking to the ACCC to divest 41 sites to Metro Petroleum and is subject to the expiry of the statutory 14-day review period, the filing said.The acquisition is expected to be completed on June 30, per the filing.

ASX:ALD
Asia

Ampol Acquisition Target EG Australia's Profitability Has Held Up Since Deal's Signing, Jefferies Says

Ampol (ASX:ALD) acquisition target EG Australia's profitability has held up since the deal's signing, with strong fuel and shop margin growth offsetting declines in fuel volume and tobacco sales, Jefferies said in a May 28 note.The investment firm sees "significant upside" from the proposed deal due to considerable synergies between the two businesses as well as Ampol's strong credentials in convenience execution, among other factors.EG Australia's first-quarter results showed a roughly 40% year-over-year increase in earnings, while fuel volume declined around 14% annually in the quarter, compared with a retail fuel volume increase of 1.3% for the overall market.The fuel and convenience store operator "may be prioritizing margin at the expense of volume to maximize cash flow ahead of sale," Jefferies said.The equity research firm has a buy rating on Ampol with a price target of AU$37.50.Shares of Ampol fell 1% in recent Friday trade.

ASX:ALD
Asia

Ampol Reports 10% Increase in Q1 Refining Production

Ampol (ASX:ALD) reported a first-quarter refining production increase of 10% from the same period a year ago to about 1.4 billion liters, according to a Thursday filing with the Australian bourse.The company said the refiner margin at its Lytton refinery in Brisbane was $25.45 per barrel in the first quarter, up from $6.07 a year earlier, and has increased further in the year-to-date with the Middle East conflict driving higher fuel prices globally.The "exceptionally strong" financial performance continued in April at both the Lytton refinery and in the trading and shipping segment, the company said.

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