APA Group (AU:APA)
ASX:APA
Earnings Data
Report Date
Aug 25, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.08Last Year’s EPS
0.07Same Quarter Last Year
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial picture: underlying EBITDA growth (+7.6%), significant margin expansion (+280bps to 77.3%), material corporate cost reductions (-13.6%) and an expanded $3bn organic pipeline supported by balance sheet capacity (S&P threshold change ~A$1bn). Management reaffirmed distribution guidance and highlighted project commitments (Stage 3A compressors, Stage 3B long-lead items, Brigalow 400MW plant) and completed works (Sturt Plateau). Countervailing issues include customer contracting delays tied to the federal Gas Market Review, merchant/underwriting risk on larger pipeline expenditure (Stage 3B), higher interest and tax cash outflows impacting free cash flow, and several one-off statutory charges. On balance the positive financial momentum, margin gains, cost savings and clear funding flexibility outweigh near-term execution and policy risks.Company Guidance
Underlying EBITDA Growth
Underlying EBITDA increased 7.6% in 1H FY26, driven by inflation-linked tariffs, earnings from new assets (Kurri Kurri lateral, Atlas to Ready Creek, Port Hedland Solar & BESS) and cost reductions.
Margin Expansion and Cost Reductions
EBITDA margins expanded by 280 basis points to 77.3%. Corporate costs declined 13.6% (corporate costs of $70m), and the business is tracking to achieve a $50m FY26 cost reduction target with further efficiencies planned for FY27.
Free Cash Flow and Distributions
Free cash flow was $556m (up slightly half-on-half despite higher interest and cash tax). Interim distribution of $0.275 per security was up 1.9%; FY26 distribution guidance reaffirmed at $0.58 per security (23rd consecutive year of growth).
Strong Organic Growth Pipeline
Organic growth pipeline increased from $2.1 billion to ~$3.0 billion (FY26-FY28), including East Coast Gas Grid Stage 3, Brigalow Peaking Power Plant and laterals, plus remote and contracted power opportunities.
East Coast Gas Grid Expansion Commitments
Stage 3A FID committed with $260m to deliver 3 compressors (ready by winter 2028) adding ~11% north-to-south capacity; Stage 3B progressed with ~$220m for early works and long-lead items (342 km of 28" pipe) to enable the Bulloo interlink and ~30% network capacity uplift across Stage 3.
Balance Sheet and Funding Capacity
S&P threshold modification announced Dec 2025 created ~A$1 billion of additional capacity. Management states existing balance sheet capacity is sufficient to fund the >$3bn pipeline without issuing ordinary equity (aside from DRP); additional levers available (hybrids, partnering, asset recycling).
Strategic Partnerships and Project Wins
Agreement with CS Energy to develop the 400 MW Brigalow Peaking Power Plant; Sturt Plateau Pipeline construction completed with flows to Darwin expected mid-2026; APA positioned to support Beetaloo (north and east routes).
Pilbara Acquisition Performing
Pilbara assets generating strong cash: ~A$140m EBITDA last year (approx. 10% yield), performing in line with acquisition case and supporting further remote opportunities (Burrup, Kalgoorlie, Mount Isa).
AU:APA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:APA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | AU$9.23 | AU$9.01 | -2.38% |
Aug 19, 2025 | AU$8.22 | AU$8.50 | +3.42% |
Aug 28, 2024 | AU$7.16 | AU$7.05 | -1.51% |
Feb 21, 2024 | AU$7.09 | AU$7.18 | +1.23% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does APA Group (AU:APA) report earnings?
APA Group (AU:APA) is schdueled to report earning on Aug 25, 2026, TBA (Confirmed).
What is APA Group (AU:APA) earnings time?
APA Group (AU:APA) earnings time is at Aug 25, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of APA Group stock?
The P/E ratio of APA Group is N/A.
What is AU:APA EPS forecast?
AU:APA EPS forecast for the fiscal quarter 2026 (Q4) is 0.08.