APA Group
Logotype for APA Group

APA Group (APA) investor relations material

APA Group H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for APA Group
H1 2026 earnings summary18 Feb, 2026

Executive summary

  • Underlying EBITDA for 1H26 rose 7.6% to $1,092 million, with margin expansion to 77.3%, driven by new assets, inflation-linked tariffs, and cost reduction initiatives.

  • Free cash flow increased 0.7% to $556 million, supported by higher earnings despite higher tax and interest costs and one-off working capital impacts.

  • Statutory profit after tax rose 179.4% to $95 million, reflecting higher earnings and lower net interest costs.

  • Distribution per security grew 1.9% to 27.5 cents, with FY26 guidance reaffirmed at 58.0 cents.

  • Organic growth pipeline for FY26–FY28 increased to ~$3 billion, supported by a strong balance sheet and funding flexibility.

Financial highlights

  • Segment revenue up 3.6% year-over-year to $1,412 million.

  • Underlying EBITDA margin expanded by 280 basis points to 77.3%.

  • Free cash flow for the half was $556 million, up 0.7% from the prior period.

  • Statutory NPAT increased to $95 million, up 179.4% year-over-year.

  • Total capex for 1H26 was $407 million, with growth capex at $265 million.

Outlook and guidance

  • FY26 underlying EBITDA guidance unchanged at $2,120–$2,200 million, with expectations to exceed the midpoint.

  • FY26 distribution per security guidance reaffirmed at 58.0 cents, a 1.8% increase year-over-year.

  • Organic growth capex pipeline for FY26–FY28 raised to ~$3 billion, up from ~$2.1 billion.

  • Free cash flow for FY26 expected broadly in line with FY25, as higher interest and tax offset EBITDA growth.

  • Revenues remain subject to customer recontracting, investment decisions, and regulatory frameworks amid uncertain market conditions.

Networks divestment: tax impact on 1H26?
WGP hedge discontinuation: financial impact?
FFO/Net Debt decline: credit rating implications?
Justify Stage 3B pre-FID commitment
Domestic gas vs. LNG import cost competitiveness
Future cost reduction initiatives
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next APA Group earnings date

Logotype for APA Group
H2 202618 Aug, 2026
APA Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next APA Group earnings date

Logotype for APA Group
H2 202618 Aug, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

APA Group develops, owns, and operates natural gas transportation and energy infrastructure in Australia's major supply regions. The company focus on investing in safe, regulated assets with long-term contracted cashflows where their customers are. The assets are located in northern and central Queensland, Western Australia, the Northern Territory, and South Australia. Their businesses have portfolio of assets from which cashflows are derived through the extraction of natural gas products such as liquefied natural gas and condensate. The products are transported by the company's leased and owned infrastructure to customers in Australia through a network of pipelines and interconnecting infrastructure.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage