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APA 1H25 Interim Distribution Information
Dividend Record Date, Dividend Pay Date, Dividend Rate
February
What we learnt: Coles is thumping Woolies. Does a price war loom?
It was a case of duopolies at war on Thursday, with Coles toppling Woolworths and Medibank Private revealing much better numbers than Ramsay Health Care.
Consultants in the building at APA as cost-cutting begins
This column understands job cuts are among the items on its agenda with Boston Consulting Group well-placed to get the role.
What we learnt: Behind the massive share price moves on manic Monday
Investors were brutal in their earnings assessments, leaving nowhere for the disappointers to hide.
APA eyes $2b gas grid expansion to avoid ‘disastrous’ LNG imports
The five-year plan will allow a 24 per cent increase in the gas piped south from Queensland and comes as the company posts a slump in bottom-line earnings.
December 2024
New pipeline unlocks Beetaloo gas for NT customers in 2026
A deal signed with pipeline owner APA Group looks set to stoke controversy over the development of a massive new onshore gas resource.
The Pilbara plots its path from diesel to clean, green mining
Port Hedland is bang in the middle of the country’s industrial engine. There are ambitious plans to decarbonise with miles of transmission and new generation.
Goodbye, APA! UniSuper sells leftover $340m stake in pipelines giant
It’s been a block bonanza for fund managers and investment banks this week, as founders and institutional investors seek to cash out before Christmas.
APA plots path from gas to become a Pilbara solar and batteries giant
The company, which opened its latest electricity project in Port Hedland on Tuesday, expects to tick off on more investments in the region within a year.
October 2024
Energy heavyweights banker up for $2b Zenith Energy auction
A couple of sector gorillas have mandated financial advisers for help with due diligence and funding.
UniSuper won’t back up claims it sold APA on gas worries
Dissatisfaction about APA shares trading near a 10-year low added to the complaints voiced by investors at the fiery AGM, which was dominated by concerns over Beetaloo gas.
UniSuper launches $500m block in APA Group; JPMorgan on ticket
The $9.9 billion gas pipelines giant’s largest shareholder, UniSuper, pulled the trigger on a $500 million sell down on Thursday evening.
Relief rally for APA on gas pipeline decision
Energy-intensive manufacturers say the ruling still leaves them worried about supply shortages in the southern states.
Sanity prevails as gas players fight back against heavier regulation
Pipelines owner APA secured a win for big business fighting the threat of heavier regulation. It didn’t do it alone.
September 2024
UniSuper faces uprising from scientists over its support of gas
More than 1000 members of the $140 billion industry super fund have signed a letter to its board demanding it leverage its influence over APA Group or risk greenwashing.
PEP, OPTrust call in bankers for $2b Zenith Energy play; refi first
The immediate task at hand is to rustle up a refinancing for Zenith, which wants to upsize its borrowings from about $760 million to $1.3 billion.
August 2024
APA Group says customers to pay if pipeline regulated
The gas operator’s chief executive Adam Watson says a decision to subject a key Queensland pipeline to full price regulation will hit customers with higher bills.
McLachlan just reset Tabcorp’s strategy. It’s smart, but painful
Tabcorp resets investors expectations yet again, Flight Centre’s Graham Turner provides his verdict on airfares, and APA braces for regulatory change.
APA Group faces activist action over Beetaloo pipeline
A shareholder resolution lodged by Market Forces driven by climate concerns comes as APA’s board is facing the risk of a “second strike” at its October AGM.
March 2024
Australia dropped the ball on energy security: Exxon
Forecast gas shortfalls in the southern states cannot be blamed on Queensland’s LNG exports, one of the east coast’s biggest gas suppliers says.
Gas CEOs dial up warnings as ‘crunch time’ looms
Senex CEO Ian Davies and APA Group’s Adam Watson will warn of a “desperate” need for new gas supply to help cut emissions, and prevent higher costs for customers.