Regulator's Decision Could Hit APA's Medium-Term Earnings -- Market Talk

Dow Jones2024-12-18

0048 GMT - APA's medium-term earnings could be impacted if the Australian Energy Regulator sticks by its draft decision not to make the Basslink line a regulated asset, Jarden analysts say. They tell clients in a note that pipeline operator APA will probably increase charges for the use of Basslink if the AER formalizes its decision. Price rises would could increase near-term earnings, but decrease medium-term earnings when the proposed Marinus Link transmission line is built. That said, they point out that Basslink is not a major earnings contributor and Jarden keeps an overweight rating on the stock. It cuts the target price 1.8% to A$8.30. Shares are down 1.3% at A$7.085.(stuart.condie@wsj.com)

(END) Dow Jones Newswires

December 17, 2024 19:49 ET (00:49 GMT)

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They tell ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"APA","symbol_name":"阿帕契","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492943373","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492943373","pubTimestamp":1734482940,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0048 GMT - APA's medium-term earnings could be impacted if the Australian Energy Regulator sticks by its draft decision not to make the Basslink line a regulated asset, Jarden analysts say. 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