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APA Group ( (AU:APA) ) just unveiled an announcement.
APA Group announced that the Australian Energy Regulator (AER) has issued a draft determination on the Basslink revenue proposal, proposing $428.8 million in total revenue for a four-year period starting July 2026. The determination, which follows extensive stakeholder consultation, aims to ensure reliable and efficient operation of Basslink, a critical energy link between Victoria and Tasmania. If the final determination is acceptable, Basslink will transition to a regulated Transmission Network Services Provider by July 2026, impacting APA’s operations and stakeholder engagements.
The most recent analyst rating on (AU:APA) stock is a Hold with a A$9.50 price target. To see the full list of analyst forecasts on APA Group stock, see the AU:APA Stock Forecast page.
More about APA Group
APA Group is a prominent energy infrastructure company listed on the Australian Securities Exchange (ASX). It manages a diverse portfolio of gas, electricity, solar, and wind assets valued at $27 billion. The company plays a crucial role in Australia’s energy sector by delivering around half of the nation’s domestic gas through its extensive network of pipelines and investing in electricity transmission assets that connect various regions, providing essential grid support.
Average Trading Volume: 2,638,489
Technical Sentiment Signal: Buy
Current Market Cap: A$11.64B
For detailed information about APA stock, go to TipRanks’ Stock Analysis page.