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Ampol Limited (ALD) Share Price & Analysis
ALD Stock Chart & Stats
- Day’s Range
- AUD 38.04 - AUD 38.75
- 52-Week Range
- AUD 27.58 - AUD 45.49
- Previous Close
- AUD 38.27
- Volume
- 981.41K
- Average Volume (3M)
- 1.28M
- Market Cap
- AUD 9.12B
- Enterprise Value
- AUD 13.49B
- Total Cash (Recent Filing)
- AUD 119.80M
- Total Debt (Recent Filing)
- AUD 5.32B
- Price to Earnings (P/E)
- 6.2
- Beta
- 0.14
- Next Earnings
- N/A
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Sep 04, 2026
- Dividend Yield
- 6.40%
Bulls Say, Bears Say
Bulls Say
Integrated Supply Chain And Trading Platform
Ampol’s integrated supply, trading, shipping, storage and retail platform supports reliable product availability and multiple earnings channels. This combination can improve scale, logistics efficiency and resilience across market cycles, while strengthening the company’s position in Australian fuel distribution.
Convenience Retail And Network Expansion
Convenience retail adds higher-margin sales beyond fuel and is showing measurable operating momentum, including a 40.1% shop gross margin and higher average baskets. The U-GO rollout and expanded network provide a tangible route to deeper customer engagement and recurring non-fuel earnings.
Refining Stability Initiatives
Higher FSSP support parameters and the upcoming low-sulfur fuels project should improve the strategic stability and capability of Lytton’s refining operations. These initiatives can support more dependable earnings and product relevance, although realized results will still depend on refining conditions.
Bears Say
Compressed Profitability And Cyclical Earnings
The sharp decline in margins shows that Ampol’s earnings remain exposed to fuel-market cyclicality and volatile operating conditions. Lower profitability reduces the buffer available to absorb weaker spreads, competitive pricing or cost pressure, making sustainable returns less predictable over the next several quarters.
Higher Leverage After Acquisition
Ampol’s increased leverage reduces financial flexibility compared with its earlier capital structure and raises the importance of maintaining stable operating cash generation. More debt can constrain future investment and capital returns, while leaving less balance-sheet capacity if market conditions weaken.
Weak Free Cash Flow Conversion
The steep fall in free cash flow indicates that accounting earnings are currently converting into discretionary cash less effectively. Although operating cash flow remains positive, limited free cash flow reduces capacity to fund acquisitions, reduce borrowings, invest in growth and sustain shareholder distributions without added financing pressure.
Ampol Limited News
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Ampol Limited Stock Smart Score
Company Description
Ampol Limited
Ampol Limited, founded in 1900 and based in Alexandria, Australia, is a major player in the petroleum industry, engaging in the procurement, refining, distribution, and sale of petroleum products. Its operations span Australia, New Zealand, Singapore, and the United States. The company is structured into two primary divisions: Convenience Retail, which manages fuel sales through Ampol's own retail network, and Fuels and Infrastructure, responsible for the wholesale supply of fuels and lubricants. Ampol efficiently delivers its products via a comprehensive network that includes depots, dedicated diesel stops, marine facilities, and various service station sites. The company was previously known as Caltex Australia Limited until its rebranding to Ampol Limited in May 2020.
- Sector
- Energy
- Industry
- Oil & Gas Refining & Marketing
- CEO
- Matthew Halliday
- Employees
- 13,500
- Website
- www.ampol.com.au
- Address
- 29-33 Bourke Road, Alexandria, NSW, 2015, AU
Ampol Limited (ALD) Earnings & Revenues
ALD Company Deck
ALD Earnings Call
Earnings Call SentimentPositive
The call conveyed a strongly positive operational and financial performance for H1 2026 driven by exceptional market conditions and the demonstrated strength of Ampol's integrated supply, trading and retail platform. Key highlights include record RCOP earnings (EBITDA +152%, EBIT +245%), robust cash generation, a sizeable interim dividend, Lytton refinery margin outperformance, retail momentum (including rapid U-GO growth), and strategic progress on the EG acquisition and EV charging. Lowlights included higher personal injury metrics, a weaker New Zealand performance, a near-term loss in Energy Solutions, temporary refinery output reduction during turnaround, increased debt from the EG acquisition and a deferred tax cash outflow (~$0.5bn), plus inventory and divestment execution risks. Overall, the positives — large earnings beat, strong cash flow, strategic M&A and clear growth initiatives — materially outweigh the challenges and cyclical risks discussed.
View all AU:ALD earnings summariesALD Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 3 | 12 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 2 | 0 | 10 |






