** Shares of APA Group APA.AX rise as much as 7.1% to A$7.625, their highest level since mid-October 2024
** Stock among top gainers on ASX 200 benchmark .AXJO
** APA rises for the third straight day
** Macquarie raises price target for the energy infrastructure business to A$8.14 from A$8.02 and maintains an "Outperform" rating
** Co posted 9.1% higher 1H25 underlying EBITDA at A$1,015 million ($644.93 million) and reaffirmed FY25 forecast of A$1,960 million – A$2,020 mln
** Macquarie sees APA will be at the upper end of the provided forecast, as a change in accounting to economically hedge Wallumbilla Gladstone Pipeline should deliver material EBITDA uplift for 2H25-FY28
** About 5.1 million shares change hands, vs the 30-day average of 4.1 million
($1 = 1.5738 Australian dollars)
(Reporting by Sneha Kumar in Bengaluru)
((Sneha.Kumar@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.