Apollo, Blackstone, KKR Compete for LNG Canada Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Source: Newsfilter
- Bidding Landscape: Apollo, Blackstone, and KKR are competing to acquire a 40% stake in Shell's LNG Canada project, with the deal expected to be valued well above $10 billion and potentially reaching $15 billion, providing Shell with crucial capital to support its expansion plans.
- Strategic Implications: The sale will allow Shell to focus on higher-return businesses after its $16.4 billion acquisition of Canadian natural gas producer ARC Resources, while attracting new capital to further develop the LNG project, enhancing its competitive position in the North American market.
- Insurance Capital Utilization: All three firms are leveraging capital from their insurance businesses—Apollo's Athene, Blackstone Credit & Insurance, and KKR's Global Atlantic—to bolster their bids, reflecting the asset management industry's ongoing interest in infrastructure investments as a low-cost funding source.
- Evolving Market Dynamics: The attractiveness of North American energy assets has surged as Middle Eastern energy supplies have been throttled due to the U.S.-Iran conflict, increasing the number of potential buyers for the LNG Canada project and intensifying the bidding competition, highlighting a market preference for low-risk, long-duration investments.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
11 Analyst Rating
10 Buy
1 Hold
0 Sell
Strong Buy
Current: 123.570
Low
136.00
Averages
164.45
High
182.00
Current: 123.570
Low
136.00
Averages
164.45
High
182.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Apollo, Blackstone, KKR Compete for LNG Canada Stake
- Bidding Landscape: Apollo, Blackstone, and KKR are competing to acquire a 40% stake in Shell's LNG Canada project, with the deal expected to be valued well above $10 billion and potentially reaching $15 billion, providing Shell with crucial capital to support its expansion plans.
- Strategic Implications: The sale will allow Shell to focus on higher-return businesses after its $16.4 billion acquisition of Canadian natural gas producer ARC Resources, while attracting new capital to further develop the LNG project, enhancing its competitive position in the North American market.
- Insurance Capital Utilization: All three firms are leveraging capital from their insurance businesses—Apollo's Athene, Blackstone Credit & Insurance, and KKR's Global Atlantic—to bolster their bids, reflecting the asset management industry's ongoing interest in infrastructure investments as a low-cost funding source.
- Evolving Market Dynamics: The attractiveness of North American energy assets has surged as Middle Eastern energy supplies have been throttled due to the U.S.-Iran conflict, increasing the number of potential buyers for the LNG Canada project and intensifying the bidding competition, highlighting a market preference for low-risk, long-duration investments.
See More
EXCLUSIVE: APOLLO, BLACKSTONE, AND KKR EMERGE AS FINAL CONTENDERS TO PURCHASE SHELL'S STAKE IN LNG CANADA, SOURCES REVEAL
Acquisition Details: Blackstone and KKR are final bidders in a race to acquire a stake in LNG Canada from Shell.
Market Implications: This acquisition reflects ongoing interest and investment in the liquefied natural gas sector.
See More
Apollo Global Management Class Action Reminder for Investors
- Lawsuit Background: Apollo Global Management is facing a class action lawsuit related to its ties with Jeffrey Epstein, with investors required to file for lead plaintiff status by May 1, 2026, covering securities transactions from May 10, 2021, to February 21, 2026.
- Stock Price Volatility: Following negative reports on February 1 and February 17, Apollo's stock price dropped by 5.7% and 5.4%, respectively, closing at $113.73 on February 23, indicating market concerns over the company's reputation.
- False Statement Allegations: The lawsuit alleges that Apollo executives failed to disclose frequent communications with Epstein, rendering the company's claims of no business dealings misleading, which adversely affected investor perceptions of its prospects.
- Regulatory Investigation Pressure: Organizations like the American Federation of Teachers have urged the SEC to investigate whether Apollo's communications to investors were misleading, potentially leading to further legal and regulatory consequences, thereby increasing the risks faced by the company.
See More
Yum Brands Reports Strong Earnings, Exceeds Expectations
- Strong Earnings Report: Yum Brands reported an adjusted EPS of $1.50 for Q1, surpassing the expected $1.38, with net income reaching $432 million, a significant increase from $253 million a year ago, indicating a notable enhancement in the company's profitability.
- Robust Sales Growth: The company achieved total revenue of $2.06 billion, exceeding analyst expectations of $2.04 billion, primarily driven by increased revenue from company-owned restaurants, reflecting its competitive strength and market share growth.
- Taco Bell's Stellar Performance: Taco Bell's same-store sales surged by 8%, significantly outperforming the market expectation of 5.6%, marking it as a highlight of the company's performance and indicating a shift in consumer preferences within the fast-food sector.
- Challenges for KFC and Pizza Hut: While KFC's same-store sales growth was only 2%, below the projected 2.5%, and U.S. sales fell by 2%, the company is adopting Taco Bell's successful strategies to enhance innovation and affordability to regain customer interest.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against Apollo Global Management, alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiff by May 1, 2026.
- Stock Price Decline: Following revelations of tax discussions with Jeffrey Epstein, Apollo's stock price fell by $7.69, or 5.72%, closing at $126.85 on February 3, 2026, indicating market concerns over corporate governance.
- SEC Investigation Urged: The American Federation of Teachers and the American Association of University Professors have called on the SEC to investigate Apollo's ties to Epstein, asserting that the company's communications to investors are misleading and incomplete, which could undermine investor confidence.
- Ongoing Stock Pressure: After CNN reported on Apollo's connections to Epstein, the stock dropped another $5.99, or 5%, closing at $113.73, reflecting ongoing market skepticism regarding the company's transparency and governance practices.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Apollo Global Management and certain officers, seeking damages for investors who purchased Apollo securities between May 10, 2021, and February 21, 2026, indicating strong investor response to potential violations.
- Legal Basis: The complaint alleges that throughout the class period, defendants made false or misleading statements and failed to disclose critical information, which may have led to investor losses, reflecting heightened market scrutiny over corporate transparency.
- Investor Participation Opportunity: Affected investors are encouraged to apply to be lead plaintiffs by May 1, 2026, indicating that the legal process provides a pathway for seeking compensation and enhances oversight of corporate governance.
- Law Firm Background: Bronstein, Gewirtz & Grossman, LLC is a nationally recognized investor rights law firm that has recovered hundreds of millions for investors, underscoring its expertise and successful track record in securities fraud cases.
See More
Apollo, Blackstone, KKR Compete for LNG Canada Stake
- Bidding Landscape: Apollo, Blackstone, and KKR are competing to acquire a 40% stake in Shell's LNG Canada project, with the deal expected to be valued well above $10 billion and potentially reaching $15 billion, providing Shell with crucial capital to support its expansion plans.
- Strategic Implications: The sale will allow Shell to focus on higher-return businesses after its $16.4 billion acquisition of Canadian natural gas producer ARC Resources, while attracting new capital to further develop the LNG project, enhancing its competitive position in the North American market.
- Insurance Capital Utilization: All three firms are leveraging capital from their insurance businesses—Apollo's Athene, Blackstone Credit & Insurance, and KKR's Global Atlantic—to bolster their bids, reflecting the asset management industry's ongoing interest in infrastructure investments as a low-cost funding source.
- Evolving Market Dynamics: The attractiveness of North American energy assets has surged as Middle Eastern energy supplies have been throttled due to the U.S.-Iran conflict, increasing the number of potential buyers for the LNG Canada project and intensifying the bidding competition, highlighting a market preference for low-risk, long-duration investments.
See More
EXCLUSIVE: APOLLO, BLACKSTONE, AND KKR EMERGE AS FINAL CONTENDERS TO PURCHASE SHELL'S STAKE IN LNG CANADA, SOURCES REVEAL
Acquisition Details: Blackstone and KKR are final bidders in a race to acquire a stake in LNG Canada from Shell.
Market Implications: This acquisition reflects ongoing interest and investment in the liquefied natural gas sector.
See More
Apollo Global Management Class Action Reminder for Investors
- Lawsuit Background: Apollo Global Management is facing a class action lawsuit related to its ties with Jeffrey Epstein, with investors required to file for lead plaintiff status by May 1, 2026, covering securities transactions from May 10, 2021, to February 21, 2026.
- Stock Price Volatility: Following negative reports on February 1 and February 17, Apollo's stock price dropped by 5.7% and 5.4%, respectively, closing at $113.73 on February 23, indicating market concerns over the company's reputation.
- False Statement Allegations: The lawsuit alleges that Apollo executives failed to disclose frequent communications with Epstein, rendering the company's claims of no business dealings misleading, which adversely affected investor perceptions of its prospects.
- Regulatory Investigation Pressure: Organizations like the American Federation of Teachers have urged the SEC to investigate whether Apollo's communications to investors were misleading, potentially leading to further legal and regulatory consequences, thereby increasing the risks faced by the company.
See More
Yum Brands Reports Strong Earnings, Exceeds Expectations
- Strong Earnings Report: Yum Brands reported an adjusted EPS of $1.50 for Q1, surpassing the expected $1.38, with net income reaching $432 million, a significant increase from $253 million a year ago, indicating a notable enhancement in the company's profitability.
- Robust Sales Growth: The company achieved total revenue of $2.06 billion, exceeding analyst expectations of $2.04 billion, primarily driven by increased revenue from company-owned restaurants, reflecting its competitive strength and market share growth.
- Taco Bell's Stellar Performance: Taco Bell's same-store sales surged by 8%, significantly outperforming the market expectation of 5.6%, marking it as a highlight of the company's performance and indicating a shift in consumer preferences within the fast-food sector.
- Challenges for KFC and Pizza Hut: While KFC's same-store sales growth was only 2%, below the projected 2.5%, and U.S. sales fell by 2%, the company is adopting Taco Bell's successful strategies to enhance innovation and affordability to regain customer interest.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Filed: Pomerantz LLP has initiated a class action lawsuit against Apollo Global Management, alleging securities fraud and other unlawful business practices, with investors needing to apply as Lead Plaintiff by May 1, 2026.
- Stock Price Decline: Following revelations of tax discussions with Jeffrey Epstein, Apollo's stock price fell by $7.69, or 5.72%, closing at $126.85 on February 3, 2026, indicating market concerns over corporate governance.
- SEC Investigation Urged: The American Federation of Teachers and the American Association of University Professors have called on the SEC to investigate Apollo's ties to Epstein, asserting that the company's communications to investors are misleading and incomplete, which could undermine investor confidence.
- Ongoing Stock Pressure: After CNN reported on Apollo's connections to Epstein, the stock dropped another $5.99, or 5%, closing at $113.73, reflecting ongoing market skepticism regarding the company's transparency and governance practices.
See More
Apollo Global Management Faces Class Action Lawsuit
- Class Action Initiated: Bronstein, Gewirtz & Grossman, LLC has announced a class action lawsuit against Apollo Global Management and certain officers, seeking damages for investors who purchased Apollo securities between May 10, 2021, and February 21, 2026, indicating strong investor response to potential violations.
- Legal Basis: The complaint alleges that throughout the class period, defendants made false or misleading statements and failed to disclose critical information, which may have led to investor losses, reflecting heightened market scrutiny over corporate transparency.
- Investor Participation Opportunity: Affected investors are encouraged to apply to be lead plaintiffs by May 1, 2026, indicating that the legal process provides a pathway for seeking compensation and enhances oversight of corporate governance.
- Law Firm Background: Bronstein, Gewirtz & Grossman, LLC is a nationally recognized investor rights law firm that has recovered hundreds of millions for investors, underscoring its expertise and successful track record in securities fraud cases.
See More
