Z Energy Forecasts Negative Operational Performance

  • Dec 13, 2019 AEDT
  • Team Kalkine

Z Energy Limited (ASX: ZEL) is forecasting a reduction in operational performance for December and the final quarter of FY20 due to the negative impact of low refining margins and continued price discounting in the retail fuel market.

The company has changed its EBITDAF guidance for FY20 to be in range of $350 and $385 million compared to the previously announced guidance of $390 and $430 million, due to low refining margins.

The reduction of $120 million can be split into $20 million in lower refining margins and the company response to the changes arising from MARPOL and $90 million in lost retail margins.

The company has also changed its dividend guidance for FY20 to $0.40 per share compared to the previous guidance of $0.48 to $0.50 cps.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK