APA's New Bull Likes Inflation-Resilient Income -- Market Talk

Dow Jones06-24

2258 GMT - Pipeline owner APA Group gets a new bull in Citi, which lauds its secure, high margin, CPI-linked income and strong customer base. Citi starts coverage of APA with a buy call and A$11.10/share price target. "With gas expected to play an important role in Australia's energy transition, we see scope for expansion and further pipeline capacity," analyst Suraj Nebhani says. He points to the potential for APA to expand its footprint in Australia's Beetaloo basin. "Behind the meter power solutions for data centers is a potential growth avenue, via the contract power generation business developing gas and renewable power projects," Citi adds. APA ended Tuesday at A$10.36. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

June 23, 2026 18:58 ET (22:58 GMT)

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