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APA Group ( (AU:APA) ) has issued an announcement.
APA Group has announced a buyback of USD 396.4 million of its Senior Guaranteed Notes, representing a significant portion of the outstanding notes due in July 2027. This move aligns with APA’s capital allocation strategy to enhance securityholder value by reducing cash positions, finance costs, and future refinancing needs, thereby strengthening the company’s balance sheet to support its growth pipeline.
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 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 also invests in electricity transmission assets, providing critical connectivity and support for the national grid. Additionally, APA owns and operates various power generation assets across the country.
Average Trading Volume: 2,587,881
Technical Sentiment Signal: Buy
Current Market Cap: A$11.69B
Find detailed analytics on APA stock on TipRanks’ Stock Analysis page.