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APA Group ( (AU:APA) ) just unveiled an announcement.
APA Group has finalized agreements with CS Energy to develop a natural gas pipeline connecting APA’s Roma Brisbane Pipeline with CS Energy’s proposed Brigalow Peaking Power Plant in Queensland. This project, estimated to cost at least $150 million, aims to provide firming capacity for peak electricity demand and support energy transition efforts. The pipeline, expected to be completed by mid-2027, will be owned and operated by APA under a 35-year agreement, highlighting the company’s strategic focus on leveraging its existing gas transmission network for growth and energy security.
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 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 is involved in electricity transmission, connecting various Australian states. The company also owns and operates power generation assets, including gas-powered, wind, and solar facilities.
Average Trading Volume: 3,435,977
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$10.94B
Find detailed analytics on APA stock on TipRanks’ Stock Analysis page.