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APA Group ( (AU:APA) ) has shared an announcement.
APA Group announced it will divest its 20% equity stake in GDI (EII) Pty Ltd, owner of the Allgas Network, to Stonepeak in a deal that will simplify APA’s business strategy. The sale, contributing an estimated $64 million, aligns with APA’s focus on cost reduction and supports its growth-focused strategy, aiming for a streamlined portfolio while exiting non-core gas distribution assets. The deal is set to close by Q1 2026 and demonstrates APA’s commitment to optimizing its operations.
The most recent analyst rating on (AU:APA) stock is a Sell with a A$7.74 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 company listed on the Australian Securities Exchange (ASX). It manages, owns, and operates a $27 billion portfolio of energy assets, including gas, electricity, solar, battery, and wind. Delivering approximately half of Australia’s domestic gas through 15,000 kilometers of pipelines, APA also connects key regions of Australia through its electricity transmission infrastructure while operating power generation assets across the country.
Average Trading Volume: 3,036,797
Technical Sentiment Signal: Buy
Current Market Cap: A$11.99B
Find detailed analytics on APA stock on TipRanks’ Stock Analysis page.