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APA Group ( (AU:APA) ) just unveiled an update.
APA Group has completed the divestment of its Networks business, which includes gas distribution operations and maintenance services. This move is part of APA’s strategy to simplify its business and focus on key growth platforms, as the divested entities contributed less than 2% to the company’s FY25 Underlying EBITDA. The transition of services and approximately 725 employees has been completed smoothly, with APA providing transitional services for up to 18 months. The sale proceeds are estimated at $29 million, excluding the Tamworth gas distribution network, which is expected to complete in early 2026.
The most recent analyst rating on (AU:APA) stock is a Sell with a A$7.70 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 leading energy infrastructure business listed on the Australian Securities Exchange (ASX). The company owns, manages, and operates a diverse portfolio of gas, electricity, solar, and wind assets valued at $27 billion. APA delivers around half of Australia’s domestic gas through its extensive network of gas pipelines and invests in electricity transmission assets to connect various regions across the country. The company also operates power generation assets, including gas-powered, wind, and solar facilities.
YTD Price Performance: 37.74%
Average Trading Volume: 2,888,451
Technical Sentiment Signal: Buy
Current Market Cap: A$12.18B
Find detailed analytics on APA stock on TipRanks’ Stock Analysis page.