Gas infrastructure provider APA Group has lifted its guidance for the 2014 financial year on the back of the strong performance of its assets and investments.

APA also expects to pay lower interest costs in 2014.

APA expects earnings before interest, tax, depreciation and amortisation (EBITDA) of $730 million to $740 million – two per cent above the company’s previous guidance of $715 million to $730 million.

The company now anticipates that net interest costs will be about four per cent lower, in the range of $315 million to $325 million compared to the previous guidance of $330 million to $340 million.

“It is pleasing to see all parts of the business performing well, including a number of newly commissioned expansion projects and all of our investments,” APA said in a statement on Wednesday.

“We continue to benefit from a positive operating environment for our energy infrastructure assets with lower interest rates continuing to positively impact funding costs.”

APA securities closed steady at $6.08.