APA Group stock gets a 400 MW Brigalow power project

Published on 10/08/2026 at 06:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

APA Group stock was at AUD 10.64 on October 8, 2026, as the company advanced its 400 MW Brigalow project. FY26 EBITDA rose 8.3 percent.

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APA Group stock (ISIN AU000000APA1) was trading at AUD 10.64 on the ASX on October 8, 2026, up 0.57 percent from the prior close. The latest company-linked catalyst is an 80 percent stake in Queensland's 400 MW Brigalow peaking power project, reported by RenewEconomy on October 1, 2026.

Brigalow adds contracted capacity

The project is designed to provide 400 megawatts of fast-start generation near Chinchilla, Queensland. APA will lead construction and hold 80 percent, while CS Energy will retain 20 percent and operate the plant after completion in early 2029, according to CS Energy on September 30, 2026.

APA's contribution is AUD 1,015 million within a total project cost of AUD 1,269 million. The company's share is backed by a 25-year hedge offtake agreement with CS Energy, a structure that limits exposure to wholesale electricity prices, according to APA Group in its September 30, 2026 announcement.

FY26 EBITDA gives the project context

APA entered the project with underlying FY26 EBITDA of AUD 2.183 billion, up 8.3 percent from the prior corresponding period, while the underlying EBITDA margin reached 77.9 percent. Motley Fool Australia reported those FY26 figures on September 23, 2026.

That comparison matters because Brigalow is part of APA's AUD 3.5 billion organic growth pipeline rather than a standalone expansion. The plant is also linked to a new gas lateral and storage pipeline connecting it with APA's Roma to Brisbane Pipeline.

Analysts see a lower average target

The analyst consensus was Neutral from 11 analysts, with two Buy ratings, five Holds and four Sells. The average 12-month target was AUD 9.766, versus a high of AUD 11.10 and a low of AUD 8.50, according to Investing.com based on its three-month analyst survey.

The contrast is clear: operational earnings improved in FY26, while the consensus target remained below the October 8 market price. For investors, the key issue is whether contracted infrastructure growth can offset the capital commitment required for Brigalow.

APA Group stock holds above AUD 10

APA Group stock was last at AUD 10.64 on the ASX on October 8, 2026 at 3:19 p.m. AEDT. The 52-week range was AUD 8.45 to AUD 11.10, and market capitalization stood at AUD 14.1 billion on the same date.