Analysts Rate APA Group ‘Buy’, APA Sustains Distributions and Future Guidance

Tue 03 Jun 25, 06:34 AM | Team Kalkine

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Highlights

Jefferies and Macquarie both maintain bullish views with target prices above current levels.

Underlying EBITDA rose 9.1% in 1H25, supported by new assets and inflation-linked revenues.

APA reaffirms FY25 EBITDA and distribution guidance.

Analyst coverage for APA Group (ASX:APA) reflects a positive outlook, with Jefferies and Macquarie Research both maintaining bullish stances. Jefferies has issued a “BUY” recommendation with a target price of AUD 8.44, representing a modest 1.69% upside from the current trading price. Meanwhile, an analyst from Macquarie Research has rated APA as “OUTPERFORM,” setting a slightly lower target price of AUD 8.14.

APA is one of Australia’s leading natural gas infrastructure providers. In the half-year ending 31 December 2024 (1HFY25), APA reported a 9.1% YoY increase in underlying EBITDA, reaching $1,015 million for 1H25, compared to $930 million in the prior corresponding period. The performance was primarily driven by higher seasonal gas transmission demand, contributions from new assets including the Pilbara Energy System, and inflation-linked tariff escalations.

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