Market Chatter: Viva Energy Group to Benefit From Surge in Australian Refining Profits Amid Supply Disruptions, UBS Says

MT Newswires Live
03/20

Viva Energy Group (ASX:VEA) is set to benefit from a surge in Australian refining profits in the wake of the conflict in the Middle East, the Australian Financial Review reported, citing UBS Analyst Tom Allen.

The 2026 earnings-per-share forecast for Viva was lifted by 163% and the forecast for 2027 by 53%, with expected sustained margin expansion from petrol, diesel, and jet fuel.

UBS increased the Geelong refining margin to $20 per barrel in the March quarter and $27 per barrel in the June quarter.

The investment firm maintained a buy rating on Viva Energy with a raised price target of AU$2.70 per share from AU$2.40 per share.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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