APA 1H FY2019 Results - Solid interim performance delivered
APA Group (ASX: APA), a leading Australian energy infrastructure business, today announced it remains on track to deliver its full year 2019 EBITDA within the upper end of the guidance range of $1,550 million to $1,575 million.
Solid interim results released today are in line with APA’s expectations. Particularly pleasing is the contribution of new revenue from a number of recently completed projects as part of APA’s largest committed growth capex program to-date of some $1.4 billion over three years. APA remains confident that a significant revenue uptick in the order of $215 million per annum of additional revenue will occur from FY2020 when all projects in progress are fully operating and contributing.