Ampol Recovery Linked To Fuel Consumption
This story features AMPOL. For more info SHARE ANALYSIS: ALD
Resilience in Fuels and Infrastructure delivers strong first quarter 2021 result ahead of expectations for Ampol, despite a challenging external environment, volatile retail fuel volumes, and reduced regional refiner margins/volumes.
-Ampol’s Q1 beats consensus by 23%
-Upgrades to guidance
-Fuel and Infrastructure standout division
By Mark Story
Given the ongoing effect of snap lockdowns and NSW-Queensland flooding during the quarter, Ampol ((ALD)) turned in a solid first quarter 2021 earnings result of $150m, beating consensus forecasts by 23%. Given the rate of volume recovery throughout the quarter, some brokers see scope for upgrades for the fuel retailer through the course of 2021, with guidance now looking too conservative.
Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a trend that s been slammed as wrong and unacceptable . Hiking prices quickly and then holding off on lowering them helps oil companies to earn bigger profits, but hurts consumers, according to the the National Roads and Motorists Association. Fuel is an essential commodity in Australia and it s high time prices reflected that reality, NRMA spokesman Peter Khoury said. NRMA analysis of holiday petrol prices in Sydney reveals prices have fallen at a much slower rate than they previously increased. Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a new trend that has been slammed as âwrong and unacceptableâ.
Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a trend that s been slammed as wrong and unacceptable . Hiking prices quickly and then holding off on lowering them helps oil companies to earn bigger profits, but hurts consumers, according to the the National Roads and Motorists Association. Fuel is an essential commodity in Australia and it s high time prices reflected that reality, NRMA spokesman Peter Khoury said. NRMA analysis of holiday petrol prices in Sydney reveals prices have fallen at a much slower rate than they previously increased. Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a new trend that has been slammed as âwrong and unacceptableâ.
Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a trend that s been slammed as wrong and unacceptable . Hiking prices quickly and then holding off on lowering them helps oil companies to earn bigger profits, but hurts consumers, according to the the National Roads and Motorists Association. Fuel is an essential commodity in Australia and it s high time prices reflected that reality, NRMA spokesman Peter Khoury said. NRMA analysis of holiday petrol prices in Sydney reveals prices have fallen at a much slower rate than they previously increased. Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a new trend that has been slammed as âwrong and unacceptableâ.
Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a trend that s been slammed as wrong and unacceptable . Hiking prices quickly and then holding off on lowering them helps oil companies to earn bigger profits, but hurts consumers, according to the the National Roads and Motorists Association. Fuel is an essential commodity in Australia and it s high time prices reflected that reality, NRMA spokesman Peter Khoury said. NRMA analysis of holiday petrol prices in Sydney reveals prices have fallen at a much slower rate than they previously increased. Petrol stations raised prices to record levels during the pandemic and then lowered them at an unusually slow pace, in a new trend that has been slammed as âwrong and unacceptableâ.