Keyera Corp. (KEYUF) Research

Keyera Corp. is a Canadian enterprise primarily engaged in the energy infrastructure sector. Its operations are structured into three principal divisions: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing unit manages and operates an extensive network of raw gas gathering pipelines and processing plants. These assets are dedicated to collecting and purifying unprocessed natural gas, extracting valuable natural gas liquids (NGLs), eliminating impurities, and handling condensate. This segment boasts approximately 4,400 kilometers of gathering pipelines and maintains ownership stakes in twelve operational gas plants situated in Alberta. Keyera's Liquids Infrastructure division offers comprehensive services for natural gas liquids (NGLs) and crude oil, encompassing their collection, processing, separation (fractionation), storage, transport, blending, and terminal operations. Its integrated system comprises underground NGL storage caverns, surface tanks, specialized NGL fractionation and de-ethanization plants, pipelines, rail and truck hubs, NGL blending sites, and the notable Alberta EnviroFuels facility. A key output from this segment is iso-octane. The Marketing segment is responsible for the sale and distribution of commodities such as propane, butane, condensate, and iso-octane, alongside its liquid blending services. Founded in 2003, the company was initially established as Keyera Facilities Income Fund before rebranding to Keyera Corp. in January 2011. Its corporate headquarters are located in Calgary, Canada.

Market snapshot

Symbol
KEYUF
Price
$39.10
Day change
-3.39%
Market cap
$12.9B
P/E ratio
71.91x
52-week range
28.74-42.8
Sector
Energy
Industry
Oil & Gas Midstream
Next earnings
in 2 months
Analyst price target
$44.00

Recent news

  • Canada's Keyera to buy remaining 50% stake in KAPS pipeline for $861 million

    Canada's Keyera ​Corp said ‌on Wednesday it ​would ​acquire the remaining ⁠50% stake ​in ​the KAPS natural gas liquids ​pipeline ​from Stonepeak for ‌C$1.215 ⁠billion ($860.97 million), taking full ​ownership ​of ⁠the system.

  • Canada Antitrust Watchdog Seeks to Block Keyera Deal for Plains' Canada Gas Business

    The Competition Bureau said the planned $3.7 billion transaction would reduce competition at a crucial natural-gas liquids-processing hub in Fort Saskatchewan, Alberta.

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