APA Group Past Earnings Performance

Past criteria checks 5/6

APA Group has been growing earnings at an average annual rate of 21.2%, while the Gas Utilities industry saw earnings growing at 8.8% annually. Revenues have been growing at an average rate of 3.9% per year. APA Group's return on equity is 31.4%, and it has net margins of 38.4%.

Key information

21.2%

Earnings growth rate

20.5%

EPS growth rate

Gas Utilities Industry Growth	8.1%
Revenue growth rate	3.9%
Return on equity	31.4%
Net Margin	38.4%
Last Earnings Update	31 Dec 2023

Recent past performance updates

Recent updates

Here's What Analysts Are Forecasting For APA Group (ASX:APA) After Its Half-Year Results

Feb 25

Is APA Group (ASX:APA) At Risk Of Cutting Its Dividend?

Feb 20

Is APA Group (ASX:APA) Popular Amongst Institutions?

Feb 07

Should APA Group (ASX:APA) Be Disappointed With Their 18% Profit?

Jan 25

Can APA Group (ASX:APA) Continue To Grow Its Returns On Capital?

Jan 05

Revenue & Expenses Breakdown

How APA Group makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

ASX:APA Revenue, expenses and earnings (AUD Millions)
Date	Revenue	Earnings	G+A Expenses
31 Dec 23	2,930	1,126	442
30 Sep 23	2,922	695	420
30 Jun 23	2,913	263	398
31 Mar 23	2,880	267	373
31 Dec 22	2,847	272	349
30 Sep 22	2,789	251	336
30 Jun 22	2,732	231	323
31 Mar 22	2,713	171	317
31 Dec 21	2,694	112	312
30 Sep 21	2,650	35	301
30 Jun 21	2,605	-42	291
31 Mar 21	2,588	13	277
31 Dec 20	2,572	68	263
30 Sep 20	2,581	163	256
30 Jun 20	2,591	259	250
31 Mar 20	2,560	282	250
31 Dec 19	2,529	306	250
30 Sep 19	2,491	297	242
30 Jun 19	2,452	288	235
31 Mar 19	2,444	293	224
31 Dec 18	2,435	298	214
30 Sep 18	2,411	282	206
30 Jun 18	2,387	265	198
31 Mar 18	2,361	243	200
31 Dec 17	2,336	221	202
30 Sep 17	2,331	229	200
30 Jun 17	2,326	237	198
31 Mar 17	2,275	228	188
31 Dec 16	2,224	220	177
30 Sep 16	2,159	200	179
30 Jun 16	2,094	180	180
31 Mar 16	1,978	186	183
31 Dec 15	1,863	192	186
30 Sep 15	1,708	376	181
30 Jun 15	1,554	560	176
31 Mar 15	1,489	625	173
31 Dec 14	1,425	690	170
30 Sep 14	1,410	517	169
30 Jun 14	1,396	344	169
31 Mar 14	1,377	275	171
31 Dec 13	1,359	206	174
30 Sep 13	1,316	250	174
30 Jun 13	1,272	295	174

Quality Earnings: APA has high quality earnings.

Growing Profit Margin: APA's current net profit margins (38.4%) are higher than last year (9.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: APA's earnings have grown significantly by 21.2% per year over the past 5 years.

Accelerating Growth: APA's earnings growth over the past year (314.6%) exceeds its 5-year average (21.2% per year).

Earnings vs Industry: APA earnings growth over the past year (314.6%) exceeded the Gas Utilities industry 14.4%.

Return on Equity

High ROE: Whilst APA's Return on Equity (31.43%) is high, this metric is skewed due to their high level of debt.

APA Group Past Earnings Performance

Past criteria checks 5/6

Key information

Recent past performance updates

First half 2024 earnings released: EPS: AU$0.84 (vs AU$0.15 in 1H 2023)

APA Group to Report First Half, 2024 Results on Feb 22, 2024

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.12 in 1H 2022)

APA Group to Report First Half, 2023 Results on Feb 23, 2023

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Recent updates

Earnings Working Against APA Group's (ASX:APA) Share Price

These 4 Measures Indicate That APA Group (ASX:APA) Is Using Debt Extensively

Consensus EPS estimates increase by 344%, revenue downgraded

First half 2024 earnings released: EPS: AU$0.84 (vs AU$0.15 in 1H 2023)

APA Group Announces Interim Distribution for the Six Months Ended 31 December 2023, Payable on 14 March 2024

APA Group, Annual General Meeting, Oct 24, 2024

Upcoming dividend of AU$0.27 per share at 6.3% yield

APA Group's (ASX:APA) Business Is Yet to Catch Up With Its Share Price

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 (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.

Consensus EPS estimates fall by 14%, revenue upgraded

APA Group has completed a Follow-on Equity Offering in the amount of AUD 675.000003 million.

APA Group Announces Final Distribution for the Year 2023, Payable on 13 September 2023; Provides Dividend Guidance for the Year 2024

New minor risk - Shareholder dilution

APA Group to Report First Half, 2024 Results on Feb 22, 2024

APA Group Reconfirms Distribution Guidance for the Fiscal Year 2024

New major risk - Revenue and earnings growth

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Are Investors Undervaluing APA Group (ASX:APA) By 44%?

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

APA, Fortescue Reportedly Lead Race as Alinta Raises the Stakes in Asset Sale

Macquarie Reportedly No Longer in the Final Stages of the Competition for Alinta and Weighing Options to Partner with Another Contender

Insufficient new directors

APA Group Estimates Final Distribution for the Six Months Ending 30 June 2023, Payable on 13 September 2023

APA Group Completes Laboratory Testing of Parmelia Gas Pipeline Materials in a Pressurised Hydrogen Environment

Are Investors Undervaluing APA Group (ASX:APA) By 38%?

Is APA Group (ASX:APA) A Risky Investment?

Independent Director recently bought AU$66k worth of stock

First half 2023 earnings released: EPS: AU$0.15 (vs AU$0.12 in 1H 2022)

APA Group's (ASX:APA) Intrinsic Value Is Potentially 37% Above Its Share Price

APA Group to Report First Half, 2023 Results on Feb 23, 2023

Upcoming dividend of AU$0.26 per share

APA Group Appoints Adam Watson as CEO & Managing Director

APA Group Estimates Interim Distribution for the Six Months Ending 31 December 2022, Payable on 16 March 2023

APA Group (ASX:APA) completed the acquisition of Basslink Pty Ltd.

APA Group (ASX:APA) signed letter of intent to acquire Basslink Pty Ltd. for AUD 740 million.

These 4 Measures Indicate That APA Group (ASX:APA) Is Using Debt Extensively

APA Group Announces the Retirement of Steven Crane as Director

APA Group (ASX:APA) Shares Could Be 40% Below Their Intrinsic Value Estimate

Chow Tai Fook Reportedly May Be Still Searching for an Investor for Its Alinta Energy

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Apa Group Provides Dividend Guidance for 2023

APA Group Announces Managing Director, Rob Wheals, Will Be Stepping Down At the End of September 2022

Insufficient new directors

First-Round Bids Reportedly Due for Basslink Undersea Cable

Cooper Energy and APA Announces Operations Update

APA Group (ASX:APA) Is Increasing Its Dividend To AU$0.28

Apa Group Announces Final Distribution for the Six Months Ended June 30, 2022, Payable on 14 September 2022

Cooper Energy Limited (ASX:COE) entered into binding agreement to acquire Orbost Gas Processing Plant of APA Group for AUD 330 million.

Are Investors Undervaluing APA Group (ASX:APA) By 46%?

APA Reportedly Sets Sights on US Electricity Transmission Group

APA Group Gets a Grant from Federal Government

Does APA Group (ASX:APA) Have A Healthy Balance Sheet?

Cooper Energy and APA Announces Operations Update

First half 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

APA Group Confirms Previous Distributions Guidance for Fiscal Year 2022

APA Group, Annual General Meeting, Oct 19, 2022

Upcoming dividend of AU$0.25 per share

Cooper Energy Reportedly in Talks to Buy Orbost Gas Processing Plant from APA

APA Group (ASX:APA) Takes On Some Risk With Its Use Of Debt

APA Taps Macquarie, King & Wood Mallesons for Looming Basslink Deal

APA May Reportedly Pursue Basslink Interconnector in the Hunt for Higher Margins

Full year 2021 earnings released: EPS AU$0.003 (vs AU$0.26 in FY 2020)

APA Group (ASX:APA) Is Looking To Continue Growing Its Returns On Capital

APA Group (ASX:APA) Has Announced A Dividend Of AU$0.27

APA Group (ASX:APA) Has A Somewhat Strained Balance Sheet

Independent Non Executive Director recently sold AU$932k worth of stock

Consensus forecasts updated

APA Group (ASX:APA) Shares Could Be 46% Below Their Intrinsic Value Estimate