APA Group approves AUD 700 million pipeline: APA Group stock sits 0.86 percent below its high

Published on 10/25/2026 at 02:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bulloo targets 800 TJ per day and 2029 operations. APA Group stock last stood at AUD 11.52 on October 23, 2026, versus its AUD 11.62 high.

Pipeline funding and annual results

APA approved an AUD 700 million Bulloo Interlink Pipeline investment on October 22, 2026.
FY26 revenue reached AUD 2.8 billion and underlying EBITDA reached AUD 2.2 billion.
APA Group stock last stood at AUD 11.52 on the ASX on October 23, 2026.
Market capitalization was AUD 15.4 billion as of October 25, 2026.

APA, AU000000APA1, Illustration mit AI erstellt.

APA Group (AU000000APA1) approved an AUD 700 million investment in the Bulloo Interlink Pipeline on October 22, 2026. According to Reuters, the project is intended to ease forecast gas supply shortages in southern Australia.

Why the pipeline matters

The Bulloo Interlink Pipeline is designed to connect APA's South West Queensland Pipeline with the Moomba-Sydney Pipeline. Yahoo Finance reported that the line is planned for a maximum capacity of 800 TJ per day, with construction scheduled for early 2027 and commercial operations targeted for 2029.

The investment follows AUD 220 million approved for early work in February 2026. APA said the wider Stage 3 expansion could add 30 percent to north-to-south capacity across its east coast gas grid, giving the project a direct operating link to future network growth.

What does the investment add?

APA entered the project decision with a stronger FY26 operating base. In its annual meeting address dated October 22, 2026, APA Group reported revenue of AUD 2.8 billion, up 3.2 percent, and underlying EBITDA of AUD 2.2 billion, up 8.3 percent. EBITDA margin rose to 77.9 percent, while statutory net profit after tax increased 81.4 percent to AUD 234 million.

Three milestones and their figures

In February 2026, APA approved AUD 220 million for early Bulloo work, according to Yahoo Finance. On October 22, 2026, APA reported FY26 revenue of AUD 2.8 billion and underlying EBITDA of AUD 2.2 billion in its annual meeting address. On the same date, APA approved the AUD 700 million Bulloo construction and commissioning investment, as Reuters reported.

What comes next for APA?

The five-year transportation and storage agreement supporting the project is due to begin on January 1, 2028, according to Yahoo Finance. That timetable puts approvals, construction execution and contracted capacity at the center of the investment case.

APA stock and valuation

APA Group stock was last at AUD 11.52 on the ASX on October 23, 2026 at 4:10 p.m. AEDT. The quote stood AUD 0.10 below the AUD 11.62 52-week high, while market capitalization was AUD 15.4 billion as of October 25, 2026. The further course of trading is shown by the continuously updated real-time quote of APA Group stock.