The Ampol Ltd (ASX: ALD) share price is in focus after the company announced continued growth in Group RCOP EBIT for the third quarter of 2026 and a doubling of the Lytton Refiner Margin compared to last year.
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What did Ampol report?
- Group RCOP EBIT grew from the 2H 2025 quarterly average, driven by the integrated supply chain and positive operating conditions.
- Lytton Refiner Margin reached US$23.92 per barrel in 3Q 2026, up from US$10.64 in 3Q 2025.
- Convenience Retail shop sales rose by double-digit percentages, with robust growth in both tobacco sales and average basket value.
- Total Group sales volume was 6,245 ML for the quarter, up 3.6% on the prior year.
- Australian wholesale volumes were down 19%, while international volumes rose by 23% for the quarter.
- The Ultra Low Sulfur Fuels project commissioning is now expected in 1Q 2027, with no material impact on earnings or capex outlook.
What else do investors need to know?
Ampol has taken the proactive step of completing additional reliability work and bringing forward maintenance activities within the current Turnaround and Inspection at the Lytton refinery. While this means refinery production was 9.2% lower versus the previous corresponding period, customer fuel supply is not expected to be affected.
The company is pushing ahead with its energy transition plans, announcing a proposed acquisition of Evie Networks, a public electric vehicle charging provider. This strategic move, pending ACCC approval, aims to strengthen Ampol's position in the fast-growing e-mobility space.
What's next for Ampol?
The focus remains on integrating the EG Australia acquisition and delivering synergy benefits, with early integration progressing to plan. The Ultra Low Sulfur Fuels project is on track for commissioning in early 2027.
While market conditions remain supportive—particularly due to regional refining margins and favourable supply—Ampol is also positioning itself for growth in areas such as electric vehicle charging, bolstering its resilience against future industry shifts.
Ampol Limited share price snapshot
Over the past 12 months, Ampol shares have risen 45%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has fallen 2% over the same period.
