Channel Infrastructure lifts guidance after BP storage deal
The fuel terminal operator raised its earnings outlook following a new 15-year contract with BP and reported revenue growth in its half-year results.
Channel Infrastructure has lifted its ebitda guidance after signing a 15-year storage deal with BP. The listed fuel import terminal operator reported a 4% increase in revenue to $72.9 million for the six months ended June, with ebitda rising 1% to $48.8 million. The company's chief executive signalled it is positioned for further acquisitions as it seeks to expand its fuel holdings.
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NZ Herald
Channel Infrastructure lifts outlook, links new BP storage deal
Channel Infrastructure has raised its ebitda guidance after new storage deals.
BusinessDesk
Channel Infrastructure lifts guidance, signs 15-year contract with bp
Channel Infrastructure has lifted its guidance as it reports revenue growth at the half-year and signs a new 15-year contract with fuel company bp. The l isted fuel import terminal operator published its half-year results for the six months ended…
BusinessDesk
Channel Infrastructure eyes acquisitions and room to grow
Channel Infrastructure chief executive Rob Buchanan says the fuel terminal company is poised for further acquisitions as it lays the groundwork to expand its fuel holdings. Channel produced its half-year results for the six months ending June on Friday ,…