Aankondiging • Jul 21
APA Group to Report Fiscal Year 2026 Results on Aug 20, 2026 APA Group announced that they will report fiscal year 2026 results on Aug 20, 2026 Declared Dividend • Jun 22
First half dividend of AU$0.30 announced Shareholders will receive a dividend of AU$0.30. Ex-date: 29th June 2026 Payment date: 16th September 2026 Dividend yield will be 7.5%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is not covered by earnings (463% earnings payout ratio) nor is it covered by cash flows (218% cash payout ratio). The dividend has increased by an average of 3.7% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 415% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Aankondiging • Jun 19
Apa Group Announces an Estimated Interim Distribution for Six Months Ending 30 June 2026, Payable on 16 September 2026 APA Group has announced an Estimated Interim distribution of AUD 0.3050 per fully paid stapled security for the six-month period ending 30 June 2026. The distribution will be paid on 16 September 2026 to securityholders on the register as of 30 June 2026, with an ex-date of 29 June 2026. The distribution amount is currently estimated, with the final amount expected to be announced on 20 August 2026. Aankondiging • Jun 11
APA Group (ASX:APA) agreed to acquire Savant Alaska, LLC for approximately $70 million. APA Group (ASX:APA) agreed to acquire Savant Alaska, LLC for approximately $70 million on June 10, 2026. A cash consideration of $70 million will be paid by APA Group plus additional contingent payments tied to future development of APA’s eastern North Slope position. The acquisition includes the Badami facilities, the Nutaaq Pipeline, and approximately 92,000 net acres of associated oil and gas leases.
The transaction is expected to close by year-end 2026, subject to regulatory approval and customary closing conditions. Aankondiging • Jan 15
APA Group to Report First Half, 2026 Results on Feb 19, 2026 APA Group announced that they will report first half, 2026 results on Feb 19, 2026 Aankondiging • Dec 19
A fund managed by Stonepeak Partners LP and Stonepeak (Australia) Pty Ltd entered into a definitive agreement to acquire GDI (EII) Pty Limited from Marubeni Corporation (TSE:8002), APA Group (ASX:APA) and SAS Trustee Corporation. A fund managed by Stonepeak Partners LP and Stonepeak (Australia) Pty Ltd entered into a definitive agreement to acquire GDI (EII) Pty Limited from Marubeni Corporation (TSE:8002), APA Group (ASX:APA) and SAS Trustee Corporation on December 17, 2025. As part of consideration, APA Group will receive AUD 64 million as proceeds for 20% stake in GDI (EII) Pty Limited.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is in the first half of 2026.
Gresham Partners Limited acted as financial advisor for Stonepeak Partners LP. Allens acted as legal advisor for Stonepeak Partners LP. Aankondiging • Dec 11
APA Group, Annual General Meeting, Oct 22, 2026 APA Group, Annual General Meeting, Oct 22, 2026. Aankondiging • Sep 01
APA Group Announces the Resignation of Amanda Cheney as Company Secretary of APA Group Limited, Effective August 31, 2025 APA Group announced the resignation of Ms. Amanda Cheney as Company Secretary of APA Group Limited, with effect from 31 August 2025. Ms. Bronwyn Weir continues as Company Secretary. In accordance with ASX Listing Rule 12.6, Bronwyn Weir is now the person responsible for communication with the ASX in relation to ASX Listing Rule matters. Aankondiging • Aug 19
Australian Gas Infrastructure Group agreed to acquire APA AM (Allgas) Pty Ltd and Tamworth gas distribution network from APA Group (ASX:APA) for AUD 47 million. Australian Gas Infrastructure Group agreed to acquire APA AM (Allgas) Pty Ltd and Tamworth gas distribution network from APA Group (ASX:APA) for AUD 47 million on August 19, 2025. A cash consideration of AUD 47 million will be paid by Australian Gas Infrastructure Group. As part of consideration, AUD 47 million is paid towards None of APA AM (Allgas) Pty Ltd / Tamworth gas distribution network.
The transaction is expected to complete in the second quarter of FY26, subject to satisfaction or waiver of certain conditions precedent. APA will provide certain post-handover services under a Transitional Services Agreement for a period of up to 18 months from completion (unless extended by up to a further six months). Aankondiging • Jun 26
APA Group Announces Dividend for the Six Months Ending June 30, 2025, Payable on September 10, 2025 APA Group announced ordinary dividend of AUD 0.30000000 per share for the six months ending June 30, 2025. Record date is June 30, 2025, Ex date is June 27, 2025 and payment date is September 10, 2025. Aankondiging • Jun 24
APA Group (ASX:APA) completed the acquisition of Atlas to Reedy Creek gas transmission Pipeline located near Wandoan in Queensland from Senex CSG Assets Pty Ltd. APA Group (ASX:APA) agreed to acquire Atlas to Reedy Creek gas transmission Pipeline located near Wandoan in Queensland from Senex CSG Assets Pty Ltd for AUD 110 million on June 18, 2025. A cash consideration of AUD 110 million will be paid by APA Group. As part of consideration, AUD 110 million is paid towards common equity of ARC Pipeline Pty Ltd. Purchase price excluding stamp duty and transaction costs which are currently estimated to be approximately AUD 7 million. The transaction will be financed through existing balance sheet capacity.
The expected completion of the transaction is on June 2025.
APA Group (ASX:APA) completed the acquisition of Atlas to Reedy Creek gas transmission Pipeline located near Wandoan in Queensland from Senex CSG Assets Pty Ltd on June 24, 2025. Aankondiging • Jun 20
APA Group (ASX:APA) agreed to acquire ARC Pipeline Pty Ltd from Senex CSG Assets Pty Ltd for AUD 110 million. APA Group (ASX:APA) agreed to acquire Atlas to Reedy Creek gas transmission Pipeline located near Wandoan in Queensland from Senex CSG Assets Pty Ltd for AUD 110 million on June 18, 2025. A cash consideration of AUD 110 million will be paid by APA Group. As part of consideration, AUD 110 million is paid towards common equity of ARC Pipeline Pty Ltd. Purchase price excluding stamp duty and transaction costs which are currently estimated to be approximately AUD 7 million. The transaction will be financed through existing balance sheet capacity.
The expected completion of the transaction is on June 2025. Aankondiging • Feb 24
Apa Group Announces Ordinary Dividend for the Financial Reporting or Payment Period Ending Ended/Ending (Date) December 31, 2024, Payable on March 17, 2025 APA Group announced ordinary dividend of AUD 0.27000000 per share for the financial reporting or payment period ending ended/ending (date) December 31, 2024. Record date is December 31, 2024 Ex date is December 30, 2024 and payment date is March 17, 2025. Aankondiging • Sep 26
APA Group Limited and APA Infrastructure Limited Appoints Varya Davidson as Non-Executive Director, Effective 1 March 2025 APA Group Limited announced the appointment of Varya Davidson to its Board of Directors. Ms. Davidson will join the company as a Non-Executive Director of APA Group Limited and APA Infrastructure Limited. Ms. Davidson has deep energy, sustainability and transformational change experience. She led PwC Australia's Energy Transition business and is a Partner of Strategy&, which is part of the PwC network. Ms. Davidson has more than 25 years' consulting experience, working primarily with public and private energy and resources organizations across Europe, the Americas, the Middle East and the Asia Pacific. Ms. Davidson's appointment will be effective from 1 March 2025 following the completion of her service with PwC and she will stand for election as a Non-Executive Director at APA's Annual Meeting in October 2025. New Risk • Sep 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (8.9% operating cash flow to total debt). Earnings are forecast to decline by an average of 25% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (dividend per share is over 12x cash flows per share). Shareholders have been diluted in the past year (2.8% increase in shares outstanding). Reported Earnings • Aug 28
Full year 2024 earnings released: EPS: AU$0.79 (vs AU$0.22 in FY 2023) Full year 2024 results: EPS: AU$0.79 (up from AU$0.22 in FY 2023). Revenue: AU$3.06b (up 5.2% from FY 2023). Net income: AU$978.0m (up 272% from FY 2023). Profit margin: 32% (up from 9.0% in FY 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 2.5% growth forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 87% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Jul 24
APA Group Estimates Ordinary Dividend for the Six Months Ended 30 June 2024, Payable on September 18, 2024 APA Group announced an estimated ordinary dividend of AUD 0.29500000 per security for the six months ended 30 June 2024. Record date is 28 June 2024; Payment date is 18 September 2024. Ex Date is 27 June 2024. Declared Dividend • Jun 24
First half dividend of AU$0.29 announced Shareholders will receive a dividend of AU$0.29. Ex-date: 27th June 2024 Payment date: 18th September 2024 Dividend yield will be 8.9%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (dividend approximately 9x free cash flows). The dividend has increased by an average of 4.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to decline by 76% over the next 3 years. Since a fall of 34% would increase the payout ratio to a potentially unsustainable range, the dividend may be at risk. Reported Earnings • Feb 23
First half 2024 earnings released: EPS: AU$0.84 (vs AU$0.15 in 1H 2023) First half 2024 results: EPS: AU$0.84 (up from AU$0.15 in 1H 2023). Revenue: AU$1.52b (up 1.1% from 1H 2023). Net income: AU$1.04b (up 482% from 1H 2023). Profit margin: 69% (up from 12% in 1H 2023). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Feb 22
APA Group Announces Interim Distribution for the Six Months Ended 31 December 2023, Payable on 14 March 2024 APA Group announced interim distribution of 26.5 cents per security for the six months ended 31 December 2023 with an Ex Date of 28 December 2023. Record Date is 29 December 2023 and Payment Date is 14 March 2024. Aankondiging • Jan 25
APA Group, Annual General Meeting, Oct 24, 2024 APA Group, Annual General Meeting, Oct 24, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of AU$0.27 per share at 6.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 14 March 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 6.3%. Within top quartile of German dividend payers (5.1%). Higher than average of industry peers (5.3%). Aankondiging • Dec 13
APA Group Announces Estimates Interim Distribution for the Six Months Ending 31 December 2023, Payable on 14 March 2024; Provided Dividend Guidance for the Year 2024 APA Group announced an estimated interim distribution of 26.5 cents per security for the six months ending 31 December 2023. This represents a 1.9% increase over the FY23 interim distribution of 26.0 cents per security. Securities trade ex-distribution 28 December 2023, record date is 29 December 2023 and payment date is 14 March 2024.Consistent with previous guidance, total distributions for FY24 are expected to be 56.0 cents per security, inclusive of the distribution of 26.5 cents per security for the six months ending 31 December 2023. Aankondiging • Nov 03
APA Group (ASX:APA) completed the acquisition of Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd from Alinta Energy Development Pty Ltd and Alinta Power Cat Pty Ltd. APA Group (ASX:APA) entered into a share sale agreement to acquire Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd from Alinta Energy Development Pty Ltd and Alinta Power Cat Pty Ltd. for an enterprise value of AUD 1.7 billion on August 23, 2023. Enterprise value of AUD 1.722 billion is the sum of the purchase price (excluding stamp duty and transaction costs) and existing net debt of AUD 65 million. The transaction will be funded by raising AUD 675 through fully underwritten institutional placement and a non-underwritten Security Purchase Plan to raise AUD 75 million. The balance of the purchase price will be funded by new debt facilities AUD 993 million. The transaction is expected to close in fourth quarter of 2023 and is expected to be free cash flow per security accretive in its first full financial year of ownership and value accretive. Goldman Sachs acted as financial advisor to Alinta Energy Development Pty Ltd. Morgan Stanley (NYSE:MS) and Barrenjoey acted as financial advisors to APA Group. Craig Rogers, Gareth Howe, Mandy Tsang, Luke Woodward, Vishal Ahuja, Will Heath and Jack Hill of King & Wood Mallesons, Australia Branch acted as legal advisor to APA Group.APA Group (ASX:APA) completed the acquisition of Alinta Energy Pilbara Holdings Pty Ltd and Alinta Energy (Newman Storage) Pty Ltd from Alinta Energy Development Pty Ltd and Alinta Power Cat Pty Ltd. on November 1, 2023. Aankondiging • Aug 25
APA Group has completed a Follow-on Equity Offering in the amount of AUD 675.000003 million. APA Group has completed a Follow-on Equity Offering in the amount of AUD 675.000003 million.
Security Name: Stapled Units
Security Type: Common Stock
Securities Offered: 79,411,765
Price\Range: AUD 8.5
Discount Per Security: AUD 0.10625
Transaction Features: Subsequent Direct Listing Aankondiging • Aug 24
APA Group Announces Final Distribution for the Year 2023, Payable on 13 September 2023; Provides Dividend Guidance for the Year 2024 APA Group announced the Directors have resolved to pay a final distribution for FY23 of 29.0 cents per security bringing total distributions to 55.0 cents per security. This represents a 3.8% increase on the FY22 final distribution of 53.0 cents per security. The 29.0 cent final distribution is comprised of a distribution of 21.66 cents per security from APA Infrastructure Trust and a distribution of 7.34 cents per security from APA Investment Trust. The APA Infrastructure Trust distribution represents a 6.64 cents per security unfranked profit distribution and a 15.02 cents per security capital distribution. The APA Investment Trust distribution represents a 1.00 cents per security unfranked profit distribution and a 6.34cents capital distribution. The final distribution is expected to be paid on 13 September 2023.Based on current available information, FY24 distributions are expected to be 56.0 cents per security, an increase of 1.8% on FY23. New Risk • Aug 24
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.7% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.0x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 247% Dividend per share is over 26x cash flows per share. Minor Risk Shareholders have been diluted in the past year (6.7% increase in shares outstanding). Reported Earnings • Aug 24
Full year 2023 earnings released: EPS: AU$0.22 (vs AU$0.20 in FY 2022) Full year 2023 results: EPS: AU$0.22 (up from AU$0.20 in FY 2022). Revenue: AU$2.91b (up 6.6% from FY 2022). Net income: AU$263.0m (up 14% from FY 2022). Profit margin: 9.0% (up from 8.5% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 1.1% decline forecast for the Gas Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Aankondiging • Aug 24
APA Group to Report First Half, 2024 Results on Feb 22, 2024 APA Group announced that they will report first half, 2024 results on Feb 22, 2024 Aankondiging • Aug 23
APA Group Reconfirms Distribution Guidance for the Fiscal Year 2024 APA Group reconfirmed distribution guidance for the fiscal year 2024. The company’s fiscal year 2024 distribution guidance is reconfirmed at 56 cents per security. Aankondiging • Jul 12
APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale Alinta Energy Pty Limited is now understood to be set on selling all of the West Australian assets it has on offer, rather than just 80% stakes, and the understanding is that offers have landed between $1 billion and $1.5 billion. APA Group and Fortescue Metals are in the final stage of the race. There have been suggestions that Macquarie Capital and joint venture partner BP have fallen away. There may also be some other players in contention, with possibilities being I Squared Capital, Atco or TransAlta. It is understood most of the value of the offering is in the two power stations being sold by Alinta in WA - Port Hedland and Newman, a distillate power station with a battery storage system. The latter provides energy via a 220 kilovolt transmission line to the Roy Hill mine site in the Pilbara. The Port Hedland station has five 42 megawatt gas-fired turbine units, providing electricity to the Pilbara region. Some have estimated that the 11.8% stake in the 1,380km Goldfields gas pipeline, which transports natural gas from Carnarvon basin producers in the northwest of the state to Kalgoorlie in the Goldfields, is worth between $100m and $200m. APA owns the remainder of the pipeline and has pre-emptive rights to buy Alinta's interest. The remote energy grid would be worth about $50m at best. It is understood APA, advised by Barrenjoey and Morgan Stanley, is throwing everything at the contest and is the party to beat. Final bids are understood to be due in the middle of next month. Alinta is believed to have carried out management presentations to four parties in the second stage of the competition about three weeks ago. But now there is some talk that only Fortescue, advised by Citi, and APA are left in the race. Alinta's main customers in the WA mining region are Hancock, BHP and Fortescue. The offering has been described as highly complex. Alinta is working with investment bank Goldman Sachs on its offer. Analysts at Macquarie recently said APA had about $2bn of debt capacity, reducing the need to raise equity. Buying the Alinta assets would lift APA's capability in transmission management, with a transmission network of about 200km and scope for expansion and acquisition. Aankondiging • Jul 07
Macquarie Reportedly No Longer in the Final Stages of the Competition for Alinta and Weighing Options to Partner with Another Contender There could be a sudden turn of events in the contest for the West Australian energy assets of Alinta Energy Pty Limited. Speculation is mounting that Macquarie Group Limited (ASX:MQG) is no longer in the final stages of the competition and is weighing options to partner with another contender. One suggestion is that it is looking to join forces with APA. APA does not need Macquarie as its funding partner, but that is not to stop the Australian investment bank from trying. Final bids for Alinta are understood to be due in the middle of next month. About three weeks ago, Alinta was believed to have carried out management presentations to four parties in the second stage of the competition. But now there is talk that only Fortescue Metals Group Limited (ASX:FMG) and APA Group (ASX:APA) are left in the race. Investment bank Citi is working with Fortescue Metals, while Barrenjoey and Morgan Stanley are advising APA Group. Alinta is selling a stake of 80% or more in a selection of assets. These include its Newman Power Station and a remote energy grid in the Pilbara that includes a gas and distillate power station with a battery storage system. It provides energy via a 220 kilovolt transmission line to the Roy Hill mine site in the Pilbara. Also on offer is its Port Hedland Power Station with five 42 megawatt gas-fired turbine units providing electricity to the Pilbara. Alinta is also selling its 11.8% stake in the 1380km Goldfields Gas Pipeline, which transports natural gas from Carnarvon basin producers in the northwest to Kalgoorlie in the Goldfields. APA owns the remainder of the pipeline and has pre-emptive rights in place to buy Alinta's interest. Macquarie Capital was said to be working on an acquisition with BP, through the pair's Asian Renewable Energy Hub, of which BP is a 40.5% owner. The venture has a project in the Pilbara that it hopes can supply renewable power to local customers. It is working to support the development of 26 gigawatts of combined solar and wind power generating capacity. Sources say Fortescue was initially out of the running after round one, but re-entered when it adjusted its offer. They add that should suitors bid what the company has outlined in the information memorandum, the price would be well above $1 billion. Board Change • Jul 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. No highly experienced directors. Independent Director Rhoda Phillippo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Jun 23
APA Group Estimates Final Distribution for the Six Months Ending 30 June 2023, Payable on 13 September 2023 APA Group announced an estimated final distribution of 29.0 cents per security for the six months ending 30 June 2023. The key dates for the distribution are: Securities trade ex-distribution is 29 June 2023; Record date is 30 June 2023; Payment date is 13 September 2023. Aankondiging • May 19
APA Group Completes Laboratory Testing of Parmelia Gas Pipeline Materials in a Pressurised Hydrogen Environment APA Group announced that it has successfully completing laboratory testing of Parmelia Gas Pipeline materials in a pressurised hydrogen environment. APA's research is testing the ability of a 43-kilometre section of the Parmelia Gas Pipeline in WA to carry up to 100% hydrogen. Completion of the second phase of research, partly funded by the WA Government's Renewable Hydrogen Fund, has successfully shown the existing 43-kilometre section of steel transmission pipeline can technically transport pure or blended hydrogen through the pipeline without reducing the operating pressure. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.12 in 1H 2022) First half 2023 results: EPS: AU$0.15 (up from AU$0.12 in 1H 2022). Revenue: AU$1.50b (up 8.3% from 1H 2022). Net income: AU$178.8m (up 29% from 1H 2022). Profit margin: 12% (up from 10.0% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, while revenues in the Gas Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Aankondiging • Jan 11
APA Group to Report First Half, 2023 Results on Feb 23, 2023 APA Group announced that they will report first half, 2023 results on Feb 23, 2023 Upcoming Dividend • Dec 22
Upcoming dividend of AU$0.26 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 16 March 2023. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.8%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.8%). Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.22 (vs AU$0.003 in FY 2021) Full year 2022 results: EPS: AU$0.22 (up from AU$0.003 in FY 2021). Revenue: AU$2.73b (up 4.9% from FY 2021). Net income: AU$230.6m (up AU$226.9m from FY 2021). Profit margin: 8.4% (up from 0.1% in FY 2021). The increase in margin was primarily driven by higher revenue. Over the next year, revenue is forecast to stay flat compared to a 15% decline forecast for the Gas Utilities industry in Germany. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Board Change • Aug 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. Independent Director Rhoda Phillippo was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with analyst expectations despite revenue beat First half 2022 results: EPS: AU$0.13 (up from AU$0.013 loss in 1H 2021). Revenue: AU$1.38b (up 6.9% from 1H 2021). Net income: AU$155.6m (up AU$171.1m from 1H 2021). Profit margin: 11% (up from net loss in 1H 2021). Revenue exceeded analyst estimates by 3.2%. Over the next year, revenue is forecast to grow 1.9% compared to a 5.9% decline forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Dec 23
Upcoming dividend of AU$0.25 per share Eligible shareholders must have bought the stock before 30 December 2021. Payment date: 17 March 2022. The company is paying out more than 100% of its profits and is paying out 97% of its cash flow. Trailing yield: 5.1%. Within top quartile of German dividend payers (3.3%). In line with average of industry peers (5.2%). Reported Earnings • Aug 26
Full year 2021 earnings released: EPS AU$0.003 (vs AU$0.26 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: AU$2.61b (flat on FY 2020). Net income: AU$3.68m (down 99% from FY 2020). Profit margin: 0.1% (down from 12% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Jun 05
Independent Non Executive Director recently sold €591k worth of stock On the 27th of May, Steven Crane sold around 100k shares on-market at roughly €5.91 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €543k more than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2021 earnings released: AU$0.01 loss per share (vs AU$0.15 profit in 1H 2020) The company reported a poor first half result with weaker earnings, revenues and control over costs. First half 2021 results: Revenue: AU$1.30b (down 1.4% from 1H 2020). Net loss: AU$11.7m (down 107% from profit in 1H 2020). Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 24
Revenue misses expectations Revenue missed analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 1.2%, compared to a 3.6% growth forecast for the Gas Utilities industry in Germany. Is New 90 Day High Low • Feb 10
New 90-day low: €5.90 The company is down 8.0% from its price of €6.43 on 12 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.83 per share. Is New 90 Day High Low • Jan 16
New 90-day low: €5.99 The company is down 8.0% from its price of €6.51 on 16 October 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 11% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.25 per share. Is New 90 Day High Low • Dec 31
New 90-day low: €6.03 The company is down 3.0% from its price of €6.24 on 02 October 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.03 per share. Is New 90 Day High Low • Dec 05
New 90-day low: €6.13 The company is down 3.0% from its price of €6.32 on 04 September 2020. The German market is up 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is up 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.21 per share. 
