Z Energy gives upbeat outlook despite sharp fall in margins, blaming rising crude prices 6 May, 2021 01:18 AM 3 minutes to read Fuel giant Z Energy said margins were expected to recover despite a sharp fall in the first three months of 2021. Photo / Dean Purcell Fuel giant Z Energy said margins were expected to recover despite a sharp fall in the first three months of 2021. Photo / Dean Purcell Z Energy shares jumped as the fuel retailer resumed dividend payments, gave an upbeat assessment of new industry legislation and predicted margins on fuel would recover from their current multi-year lows. The Wellington-headquartered company, which also operates the Caltex brand, delivered a net profit after tax of $57 million for the 12 months to March 31, which it said was an increase of 165 per cent on the previous year.