Transurban Payout Change Could Hinge on West Gate Tunnel Earnings -- Market Talk

Dow Jones

Feb 19

0028 GMT - Jefferies takes comfort from Transurban's steady distribution guidance, despite the toll road owner missing 1H earnings expectations. Transurban reported 1H proportionate Ebitda of A$1.55 billion. While that was up 6.4% on year, it came in around 5% below analyst Amit Kanwatia's expectations. Transurban continues to expect a full-year payout of A$0.69/share. "While there was no change to FY 2026 distribution guidance, we expect the Board would await a fuller period of West Gate Tunnel earnings before making a change," Jefferies says. The West Gate Tunnel Project in Melbourne opened in December. Transurban expects the tunnel, which connects the West Gate Freeway to the Port of Melbourne, to be well used by freight haulers. Transurban is down 1.2% at A$14.02. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

February 18, 2026 19:28 ET (00:28 GMT)

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Transurban reported 1H proportionate Ebitda of A$1.55 billion. While that was up 6.4% on year, it came in around 5% below analyst Amit Kanwatia's expectations. Transurban continues to expect a full-year payout of A$0.69/share. \"While there was no change to FY 2026 distribution guidance, we expect the Board would await a fuller period of West Gate Tunnel earnings before making a change,\" Jefferies says. The West Gate Tunnel Project in Melbourne opened in December. Transurban expects the tunnel, which connects the West Gate Freeway to the Port of Melbourne, to be well used by freight haulers. Transurban is down 1.2% at A$14.02. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2026 19:28 ET (00:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Transurban Payout Change Could Hinge on West Gate Tunnel Earnings -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTransurban Payout Change Could Hinge on West Gate Tunnel Earnings -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-02-19 08:28</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0028 GMT - Jefferies takes comfort from Transurban's steady distribution guidance, despite the toll road owner missing 1H earnings expectations. Transurban reported 1H proportionate Ebitda of A$1.55 billion. While that was up 6.4% on year, it came in around 5% below analyst Amit Kanwatia's expectations. Transurban continues to expect a full-year payout of A$0.69/share. \"While there was no change to FY 2026 distribution guidance, we expect the Board would await a fuller period of West Gate Tunnel earnings before making a change,\" Jefferies says. The West Gate Tunnel Project in Melbourne opened in December. Transurban expects the tunnel, which connects the West Gate Freeway to the Port of Melbourne, to be well used by freight haulers. Transurban is down 1.2% at A$14.02. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2026 19:28 ET (00:28 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7090","symbol_name":"公路与铁路","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2612781024","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2612781024","pubTimestamp":1771460880,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0028 GMT - Jefferies takes comfort from Transurban's steady distribution guidance, despite the toll road owner missing 1H earnings expectations. Transurban reported 1H proportionate Ebitda of A$1.55 billion. While that was up 6.4% on year, it came in around 5% below analyst Amit Kanwatia's expectations. Transurban continues to expect a full-year payout of A$0.69/share. \"While there was no change to FY 2026 distribution guidance, we expect the Board would await a fuller period of West Gate Tunnel earnings before making a change,\" Jefferies says. The West Gate Tunnel Project in Melbourne opened in December. Transurban expects the tunnel, which connects the West Gate Freeway to the Port of Melbourne, to be well used by freight haulers. Transurban is down 1.2% at A$14.02. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7090":"公路与铁路","TCL.AU":"TRANSURBAN GROUP"},"translate_title":"Transurban的支出变化可能取决于西门隧道的盈利——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TCL.AU":0.9},"content_text":"0028 GMT - Jefferies takes comfort from Transurban's steady distribution guidance, despite the toll road owner missing 1H earnings expectations. Transurban reported 1H proportionate Ebitda of A$1.55 billion. While that was up 6.4% on year, it came in around 5% below analyst Amit Kanwatia's expectations. Transurban continues to expect a full-year payout of A$0.69/share. \"While there was no change to FY 2026 distribution guidance, we expect the Board would await a fuller period of West Gate Tunnel earnings before making a change,\" Jefferies says. The West Gate Tunnel Project in Melbourne opened in December. Transurban expects the tunnel, which connects the West Gate Freeway to the Port of Melbourne, to be well used by freight haulers. Transurban is down 1.2% at A$14.02. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2026 19:28 ET (00:28 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}