Channel Infrastructure NZ Limited (NZRFF) AI Stock Analysis
Channel Infrastructure NZ Limited
(Other OTC:NZRFF)
No summary available
Channel Infrastructure NZ Limited (NZRFF) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $808.06M
- Dividend Yield
- 4.24%
- Average Volume (3M)
- 200
- Price to Earnings (P/E)
- 77.3
- Beta (1Y)
- 0.19
- Revenue Growth
- 0.95%
- EPS Growth
- 108.80%
- Country
- US
- Employees
- 105
- Sector
- Energy
- Sector Strength
- 65
- Industry
- Oil & Gas Refining & Marketing
Channel Infrastructure NZ Limited Business Overview & Revenue Model
Company Description
Channel Infrastructure NZ Limited (CHI.NZ) oversees the vital infrastructure network that underpins the supply and distribution of fuel and energy products across New Zealand. Its extensive holdings include the fuels import terminal system at Marsden...
Channel Infrastructure NZ Limited Earnings Call Summary
The call presents a largely positive operational and financial narrative: revenue, EBITDA and dividends grew, guidance was upgraded, significant project delivery milestones were achieved (fast-turn government diesel storage delivery, ahead-of-schedule Z Energy project) and contracted revenue expanded materially (including a $130M BP contract and a 40% rise in in-service storage). Key negatives include rising operating costs, two recordable injuries, short-term jet volume weakness due to geopolitical factors, a longer-than-expected equity raise timeline for the proposed biorefinery (potential FID delay into 2027), and a retail bond refinancing to manage. Overall, achievements and upgrades materially outweigh the challenges, though execution and financing milestones (biorefinery equity raise and bond refinancing) remain watch points.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Channel upgraded FY26 EBITDA guidance to $103–108 million (from the May range of $97–105m), while maintaining maintenance CapEx guidance of 8–10% of revenue and leaving normalized free cash flow conversion guidance unchanged; HY normalized FCF was $33.6m (EBITDA-to-FCF conversion 69%), EBITDA for the half was $48.8m and revenue $72.9m. The Board declared an interim dividend of $0.0725 per share (up 16%), consistent with a stated dividend policy of 70–90% of normalized FCF, and the company plans to invest an additional $700k–$900k p.a. in operating expenditure to support growth. HY CapEx was $41.5m (vs $19.1m in FY25) with growth CapEx on projects including Z Energy, government diesel storage and Higgins; the BP deal adds ~$130m of contracted revenue over 15 years (pre‑PPI) and in‑service contracted storage at Marsden Point increased ~40% (adding 123 million litres in three months). The balance sheet remains strong with net debt $346m, $93m liquidity headroom, 3.8x net debt/EBITDA leverage and 5.7x interest cover, and 2027 is expected to benefit from full‑year contributions from Z Energy, Higgins and the government diesel contract.
Channel Infrastructure NZ Limited Peers Comparison
Overall Rating
JP:594372Outperform
JP:626865Neutral
Financial Indicators
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| NZRFF | Channel Infrastructure NZ Limited | 1.94 | 0.56 | 40.38% | |
| JP:6268 | Nabtesco Corporation | 4311.00 | 511.32 | 13.46% | |
| JP:5943 | Noritz Corporation | 2310.00 | 385.08 | 20.01% | |
| NTRU | Natur International Corp | 0.01 | 0.00 | 0.00% |
Disclaimer
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