The final investment decision was announced alongside APA’s FY26 results, in which the company reported underlying EBITDA up 8.3% to AU$2,183 million, exceeding the midpoint of its own guidance, and free cash flow up 3.2% to AU$1,118 million.
APA delivered AU$80 million in cost-out initiatives against a AU$50 million target, and increased distributions for the 22nd consecutive year, with securityholders to receive 58.0 cents per security for FY26.
Chief executive Adam Watson said Sybella Creek is expected to be value- and free cash flow-accretive, forming part of APA’s remote grid growth strategy within a broader organic growth pipeline that grew to approximately AU$3.5 billion over the year, up from AU$3.0 billion.
Watson said the pipeline would continue to be funded from APA’s existing balance sheet, alongside AU$546 million already invested in growth projects during FY26, including the Brigalow Peaking Power Plant, an expansion of the East Coast Gas Grid, and the Sturt Plateau Pipeline, APA’s first project in the Beetaloo Basin.
A region working around a stalled transmission link
