Channel Infrastructure Surges on Storage Deals | Auckland News

Auckland News Today | 2 Min News | The Daily News Now! · Aug 28, 2026 · 1m

Channel Infrastructure is on a strong financial roll, with net profit soaring to $18.2 million—up from $11.6 million—and revenue hitting $72.9 million in the first half of the year. The company’s earnings outlook just got upgraded, now forecasting $103–$108 million in operating earnings for the full year, fueled by rapid completion of key storage projects—including a government diesel facility built in just nine weeks. Strategic wins like a 15-year bp contract and a 16% dividend boost signal confidence, while $65–$70 million in planned investments will modernize infrastructure amid rising…