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The latest announcement is out from APA Group ( (AU:APA) ).
APA Group has completed the sale of its 20% equity stake in GDI (EII) Pty Ltd, which owns the Allgas Network, as part of a broader transaction in which Stonepeak will acquire full ownership of GDI. The move follows the earlier divestment of APA’s Networks business and aligns with management’s strategy to simplify operations, sharpen cost efficiency and redeploy capital toward higher-growth opportunities.
Under the deal, APA will continue to provide a suite of corporate services to GDI and the Allgas Network for up to three years, ensuring operational continuity despite the change in ownership. Earnings from GDI represented less than 1% of APA’s FY25 underlying EBITDA, and APA’s share of the sale proceeds is $62 million, indicating only a modest direct earnings impact but reinforcing its portfolio reshaping efforts.
The most recent analyst rating on (AU:APA) stock is a Sell with a A$8.00 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 an ASX-listed Australian energy infrastructure business that owns and operates more than $20 billion of assets, including gas transmission, processing, compression and storage facilities. The company also runs gas-powered and renewable electricity generation, battery storage and electricity transmission infrastructure, transporting about half of Australia’s domestic gas through over 15,000 kilometres of pipelines.
Average Trading Volume: 3,012,333
Technical Sentiment Signal: Buy
Current Market Cap: A$12.67B
For an in-depth examination of APA stock, go to TipRanks’ Overview page.