Channel Infrastructure signs 15-year bp deal: what it means for Channel Infrastructure stock

Published on 10/20/2026 at 02:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q3 throughput reached 829 million litres, matching Q3 2025. For Channel Infrastructure stock, the bp contract covers NZD 130 million.

Storage contract and operating scale

Channel Infrastructure disclosed a 15-year bp storage contract on October 14, 2026.
Third-quarter throughput reached 829 million litres in the period ended September 30, 2026.
Channel Infrastructure had a NZD 1.4 billion market capitalization as of October 20, 2026.

CHI, NZNZRE0001S9, Illustration mit AI erstellt.

Channel Infrastructure NZ (ISIN NZNZRE0001S9) reported third-quarter fuel throughput of 829 million litres for the period ended September 30, 2026. The update also detailed a 15-year bp storage contract expected to generate NZD 130 million over its term, as NZX reported on October 14, 2026.

Storage expansion adds contracted revenue

The bp agreement covers additional jet and diesel storage capacity at the Marsden Point Energy Precinct. Channel Infrastructure said repurposing work began in September 2026 and was progressing to plan.

Throughput was broadly in line with the 829 million litres recorded in the third quarter of 2025. The company received 14 import shipments in the latest quarter, compared with 12 a year earlier, according to TipRanks.

What does the deal mean for cash flow?

About half of Channel Infrastructure's contracted revenue comes from fixed or capacity-based fees, while the remainder depends on fuel throughput. That mix gives the NZD 130 million bp contract a clear role in supporting revenue visibility as fuel volumes fluctuate.

Three events define the current strategy

On July 8, 2026, Channel Infrastructure marked the opening of 120 million litres of new fuel storage at Marsden Point, according to Channel Infrastructure. On August 28, 2026, first-half revenue reached NZD 72.9 million and fiscal 2026 EBITDA guidance was raised to NZD 103 million to NZD 108 million, as Kapitales Research reported on October 6, 2026. The October 14, 2026 update then put third-quarter throughput at 829 million litres and confirmed the bp contract.

The bitumen import terminal remains scheduled for delivery in late fourth quarter of 2026. Conversion spending stood at NZD 194 million as of September 30, 2026, while net borrowings reached NZD 365 million after the interim dividend payment.

Stock valuation and investor dates

Channel Infrastructure's market capitalization was NZD 1.4 billion as of October 20, 2026, with a 52-week range of NZD 2.52 to NZD 3.65. Its NZX price was NZD 3.35 on October 20, 2026 at 1:05 p.m. NZDT.