Viva Energy posts $770–780 million 1H26 EBITDA as Geelong margin reaches US$21.1/bbl
AI Market Summary
Viva Energy's 1H26 EBITDA surged 153% y/y as Geelong Refinery margins hit US$21.1/bbl, reflecting tight regional refining capacity and disrupted supply chains. The company also reported higher retail fuel volumes and lower net debt, with operations recovering to >90% capacity after an April unit fire. The update reinforces a firm near-term refining margin backdrop that can influence broader energy and oil-product pricing sentiment.
Impact level
● Low
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▲ Bullish
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Viva Energy (ASX: VEA) reported unaudited 1H26 replacement-cost EBITDA of $770–780 million, up 153% year on year, supported by a Geelong Refinery margin of US$21.1/bbl and higher retail fuel sales. Net debt fell to $1.7 billion. The Geelong site has recovered to more than 90% of normal capacity after an April alkylation unit fire. Management expects regional refining margins to remain above historical averages for the rest of 2026.
