Why have markets shunned APA Group?

Ask the analyst is your chance to ask questions about the ASX companies and industries that our analysts cover. Please email your question to [email protected] and I will submit it to the analyst responsible. It may appear in a future edition of this series.

Today’s question

Today’s question comes from Jamie, a self-directed investor and Morningstar reader based in Queensland. Jamie wanted some insight on why APA Group (ASX: APA) has performed so poorly since 2022 and what might affect the company’s business going forward.

I put this question – and a few of my own – to Adrian Atkins, Morningstar’s APA Group analyst. We’ll hear from Adrian in a moment. But first, some context on APA and how it makes money.

How does APA Group make…

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