APA (ASX: APA) announces impressive FY22 results; Revenue grew 4.3%

APA Group (ASX: APA) declared its FY22 results for the full year ended 30 June 2022. The company reported a solid financial performance during the that has underscored the vital role that gas plays in ensuring energy security & reliability. As per the company, the Group’s gas transmission assets played an essential role in delivering energy security to Aussies when it was needed the most.

Details of APA’s FY22 results are as follows:

• FY22 underlying EBITDA up 3.9% to AU$1,692 million (FY21 AU$1,629 million), driven by a solid performance from the company’s key energy infrastructure assets along with positive leverage to inflation.
• Strong Free Cash Flow, up 19.8% to AU$1,081 million (FY21 AU$902 million) and a further strengthening of the balance sheet.
• A full-year distribution of 53.0 cents per security (cps), up 3.9% on FY21.
• APA expects FY23 distributions to be 55.0cps, up 3.8% on FY22
• Revenue (excluding pass-through) for the twelve months to 30 June 2022 grew 4.3% to AU$2,237 million.

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