0222 GMT - Australia's Viva Energy could be on course to deliver its best half-year refining result in four years, Macquarie analysts say. They expect Viva to update the market when its Geelong refinery is repaired and fully online, most likely in the next week or two. Pointing to the stronger-than-expected 2Q performance at Ampol implied by that company's recent disclosure, the Macquarie analysts forecast a 1H Geelong refining margin of US$23 per barrel. They raise their 2026 EPS forecast by 6.3% on the higher refining margins, partially offset by softness in convenience and mobility sales. Macquarie keeps an outperform rating on the stock and raises its target price 3.0% to A$3.40. Shares are up 0.4% at A$2.29. (stuart.condie@wsj.com)

(END) Dow Jones Newswires

June 09, 2026 22:22 ET (02:22 GMT)

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