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APA Group ( (AU:APA) ) has shared an update.
APA Group has completed the acquisition of ARC Pipeline Pty Ltd, which owns the Atlas to Reedy Creek Pipeline, enhancing its East Coast Gas Grid. This acquisition aligns with APA’s strategy to focus on core gas transmission and storage infrastructure, and it is expected to be immediately cash flow and value accretive, contributing significantly to future EBITDA. The deal also includes a long-term gas transportation agreement with Senex Assets Pty Ltd, positioning APA to capitalize on future production growth opportunities and support domestic gas availability.
The most recent analyst rating on (AU:APA) stock is a Hold with a A$7.00 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). It owns and operates a diverse portfolio of gas, electricity, solar, battery, and wind assets valued at $27 billion. APA is responsible for delivering around half of Australia’s domestic gas through its extensive network of gas pipelines and also invests in electricity transmission assets, providing connectivity and support across various regions in Australia.
Average Trading Volume: 3,763,360
Technical Sentiment Signal: Buy
Current Market Cap: A$11.39B
See more insights into APA stock on TipRanks’ Stock Analysis page.