Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Channel Infrastructure NZ Limited ( (NZRFF) ) has provided an update.
Channel Infrastructure NZ reported total fuel throughput of 931 million litres for the March 2026 quarter, up 2% on a year earlier, with jet fuel volumes at their highest level since 2018 and petrol and diesel broadly in line with prior demand trends. Despite fuel price volatility linked to the Iran conflict, jet volumes tracked seasonal expectations, diesel materially outpaced forecasts, petrol exceeded the Envisory outlook, and net borrowings rose modestly to $338 million.
The company’s growth projects remain on schedule, including a Z Energy jet storage contract now due in the third quarter of 2026 that is expected to add $5.5 million in annual revenue and a bitumen import terminal targeted for completion by late 2026. Channel is finalising terms with the New Zealand Government for 93 million litres of extra diesel storage, while its refinery‑to‑terminal conversion spend of about $192 million stays within budget and long‑dated bund upgrades continue through 2027, underpinning future fuel resilience and earnings visibility.
More about Channel Infrastructure NZ Limited
Channel Infrastructure NZ Limited operates New Zealand’s largest fuel import terminal at Marsden Point, handling about 40% of the country’s transport fuel and 80% of its jet fuel. It receives, stores, tests, and distributes petrol, diesel, and jet fuel via deep‑water harbour facilities, extensive tank storage, a pipeline to Auckland, and trucking into Northland, and is positioning its Marsden Point energy precinct to support the transition to lower‑carbon fuels.
See more insights into NZRFF stock on TipRanks’ Stock Analysis page.