Steady FY18 Performance for APA Group; Lifting FVE 2%
APA Group's fiscal 2018 EBITDA increased 3% to AUD 1,518 million, slightly above expectations and guidance. Fiscal 2019 guidance is for EBITDA of AUD 1,550 to 1,575 million, representing growth of 3% at the midpoint. This modest growth comes despite ongoing substantial investment in new projects, highlighting headwinds in existing assets, including lower demand on some pipelines and lower returns for regulated assets. We expect earnings headwinds to continue as gas market rule changes designed t...APA Group's principal activities are the ownership and operation of energy infrastructure assets and businesses, including energy infrastructure, primarily gas transmission businesses located across Australia; asset management and operations services for the majority of Co.'s energy investments and for third parties; and energy investments in listed and unlisted entities. Co. comprises the following reportable segments: Energy Infrastructure, Asset Management, and Energy Investments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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