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Australian petroleum company Ampol (ASX:ALD) released full year results today that fell short of consensus expectations, but included some record metrics across the full year ending December 31.

For the year, Ampol reported record RCOP EBIT up 124% to $1.3165bn, statutory NPAT up 42% to $795.9m which fell short of consensus expectations of $810m, the declaration of a final ordinary dividend of 105 cents per share, full year ordinary dividends of 225 cps, and an additional special dividend of 50 cps.

On the performance front, the company’s fuels and infrastructure division continued excelling from strength to strength, with the contribution of $900.5m toward the group RCOP EBITDA for the year, while the future energy division EBIT’s loss extended to $31.1m.

The company acquired Z Energy in May 2022 which contributed $124.6m to the company’s RCOP EBIT for the year after Purchase Price Accounting adjustments, and 2.76bn litres of total fuel sales volume. The acquisition amount was reflected in Ampol’s net borrowings at December 31 being $2.359bn.

During the year, Ampol settled its dispute with the ATO relating to the financial years ended 31st December 2014 to 2022 regarding Ampol’s Singaporean operations, which will now see Ampol pay a further $5.6m in tax on earnings between 2014 and 2021, in addition to the $104.1m already paid in relation to these matters.

On the outlook front, Ampol didn’t provide any quantitative guidance figures, however said it has started the year strong and is well positioned to manage the ongoing volatility in global markets.

CEO Matt Halliday said ‘2022 has been another very successful year for Ampol as the integrated supply chain combined to deliver a record financial result and supported the declaration of record shareholder dividends’.

Investors have responded positively to the results so far with the company’s share price up more than 3.5% in the opening half hour of trade.