Aurizon Sidesteps Unfavourable Regulatory Decision, Lifting FVE to AUD 4
Some good news for narrow-moat-rated Aurizon, with management signing agreements with the vast majority of coal mining customers to amend the too-harsh regulatory decision on its Queensland rail network. In return for improved profitability, Aurizon will invest in the network to increase volumes. We see this as a win-win for Aurizon and the miners, with Aurizon earning more money and the miners exporting more coal to take advantage of strong prices. We also like the long tenor of the agreement--...Aurizon Holdings is engaged in integrated heavy haul freight railway operation; rail transportation of coal from mine to port for export markets; bulk, general and containerised freight businesses; and rail services activities. Co. has three segments: Network, which is engaged in the provision of access to, and operation and management of, the Central Queensland Coal Network; Commercial & Marketing, which is engaged in the commercial negotiation of sales contracts and customer relationship management; as well as Operations, which is engaged in the national delivery of various coal, iron ore, bulk and intermodal haulage services, and in the maintenance of rollingstock fleet assets.
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