Transurban Group reports September quarter traffic growth and reaffirms outlook

Transurban Group is set to hold its AGM today.

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Key points

  • Transurban Group reported a 2.7% year-on-year increase in average daily traffic (ADT) for the September quarter.
  • Increases in ADT were supported by factors such as easing construction impacts in Melbourne and dynamic toll rate hikes in North America, although Sydney faced minor setbacks due to weather.
  • Looking forward, Transurban plans to focus on operational improvements, infrastructure investments, and adapting to shifting travel behaviours, while keeping a close eye on traffic numbers amid potential economic challenges.

The Transurban Group (ASX: TCL) share price is in focus after the toll road operator posted a 2.7% lift in average daily traffic (ADT) for the September quarter, supported by growth across all key markets and reaffirming its FY26 distribution guidance.

What did Transurban Group report?

  • Group ADT rose 2.7% year-on-year to 2.6 million trips per day
  • Sydney ADT increased 1.7% to 1,045,000 daily trips, with strong gains on WestConnex (+8.2%)
  • Melbourne ADT grew 3.2% to 840,000 daily transactions, led by Western Link traffic
  • Brisbane ADT climbed 2.6% to 493,000 daily trips, boosted by Logan Motorway (+3.2%) and AirportlinkM7 (+3.0%)
  • North America ADT jumped 6.8% to 177,000 daily trips, with dynamic toll rates up 17% on the 95 Express Lanes
  • FY26 distribution expected to be 69.0 cents per security, a 6% rise on FY25

What else do investors need to know?

Transurban reported that all regions delivered positive ADT growth, with Melbourne enjoying a tailwind from easing construction impacts and rising airport traffic. Sydney's ADT increase was tempered by higher rainfall, which reduced traffic by about 1%, but key corridors like WestConnex still expanded strongly.

Heavy vehicle volumes were mixed, with overall declines in Sydney but robust gains in Melbourne and Brisbane, driven in part by strong container throughput at major ports. In North America, both weekday and weekend traffic grew, and average toll prices increased, reflecting strong demand across the network.

Transurban will hold its annual general meetings on 8 October.

What did Transurban Group management say?

Michelle Jablko, Transurban Group CEO said:

This result reflects continued momentum across our markets, underpinned by a focus on network reliability and supporting our customers.

What's next for Transurban Group?

Looking ahead, Transurban remains focused on delivering growth through operational improvements and monitoring shifts in travel behaviour, such as remote work trends in North America. The company is also committed to supporting traffic growth via investment in infrastructure and network reliability.

With the FY26 distribution target reaffirmed, investors will be watching how traffic numbers trend for the remainder of the year, especially in light of changing travel patterns and economic headwinds.

Transurban Group share price snapshot

Transurban Group shares have risen 8% in the past year, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Transurban Group. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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