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Keyera Corp. (KEY.TO)

CAD58.42 +0.00 (-0.01%)
CA TSX Energy Oil & Gas Midstream
Address The Ampersand T2P 3N4
Calgary, AB, CA
CEO C. Dean Setoguchi
Website keyera.com
IPO 2003-10-09
ISIN CA4932711001

Explore sections of this company profile

Also trades on Other OTC · KEYUF (USD) Toronto Stock Exchange · KEY.TO (CAD)
Description

Keyera Corp. specializes in energy infrastructure within Canada, structured around three core operational divisions. Its Gathering and Processing segment is responsible for acquiring and refining raw natural gas through its network of pipelines and processing plants. This involves collecting the gas, removing impurities, and separating valuable components like natural gas liquids (NGLs), in addition to providing condensate handling. This division encompasses approximately 4,400 kilometers of gathering pipelines and interests in 12 active gas plants situated in Alberta. The Liquids Infrastructure segment delivers comprehensive services for NGLs and crude oil, covering everything from collection, processing, and fractionation to storage, transport, blending, and terminal services. This is supported by a robust network featuring underground NGL storage caverns, above-ground tanks, NGL fractionation and de-ethanization facilities, pipelines, and rail and truck terminals, including the Alberta EnviroFuels facility where it produces iso-octane. The Marketing segment focuses on the sale of propane, butane, condensate, and iso-octane, alongside various liquids blending activities. Founded in 2003 and originally known as Keyera Facilities Income Fund, the company adopted the name Keyera Corp. in January 2011 and maintains its headquarters in Calgary, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD58.42 +0.00 (-0.01%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.83
Float Shares
228.17M
Free Float %
99.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+4.23% +10.85% +15.90% +12.08% +32.32% +30.55% +33.86% +82.06% +86.49% +50.41% +989.94%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (1 ratings, all time) Buy
Price Targets & DCF
Current price
58.42
DCF (Unlevered) 50.83 -13.0%
DCF (Levered) 53.99 -7.6%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 64% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 6 0
Hold 4 +1
Sell 0 0
Strong Sell 1 0
Quality scores
Altman Z-Score
1.53
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Midstream: +6.6%
    -4.0% Q1'26: -13.2% (vs Q1'25)
  • EPS growth Oil & Gas Midstream: +17.6%
    -10.9% Q1'26: -193.0% (vs Q1'25)
  • FCF margin FCF growth · Oil & Gas Midstream: +25.7%
    +6.5% Q1'26: +13.2% (vs Q1'25)
  • EBIT margin Oil & Gas Midstream: +30.0%
    +11.8% Q1'26: +13.0% (vs Q1'25)
  • ROIC Oil & Gas Midstream: +7.6%
    +9.2% Q1'26: +14.6% (vs Q1'25)
  • Share dilution Oil & Gas Midstream: +0.0%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Midstream: 2.41×
    5.31× Q1'26: 5.30× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.83) × ERP
WACC = 68% × Ke + 32% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 50.83 Current price: 58.42
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
6 EPS Ana.
Dec 2027
5 Rev. Ana.
6 EPS Ana.
Dec 2028
5 Rev. Ana.
4 EPS Ana.
Dec 2029
2 Rev. Ana.
2 EPS Ana.
Dec 2030
2 Rev. Ana.
2 EPS Ana.
Revenue
2.57B
est: 2.51B (+2.3%)
2.94B
est: 3.10B (-5.0%)
3.28B
est: 3.21B (+2.1%)
3.62B
est: 3.73B (-2.8%)
2.52B
est: 2.88B (-12.5%)
2.50B
est: 2.49B (+0.2%)
3.41B
est: 3.31B (+3.0%)
4.47B
est: 4.49B (-0.6%)
3.62B
est: 3.69B (-2.0%)
3.01B
est: 3.13B (-3.9%)
4.98B
est: 4.68B (+6.4%)
7.06B
est: 6.94B (+1.8%)
7.05B
est: 7.00B (+0.7%)
7.14B
est: 6.94B (+2.9%)
6.85B
est: 6.95B (-1.4%)
8.35B
6.65B – 10.29B
+20.1% YoY
10.20B
7.54B – 12.62B
+22.1% YoY
11.50B
11.50B – 11.50B
+12.8% YoY
11.63B
8.88B – 14.36B
+1.1% YoY
11.78B
9.00B – 14.55B
+1.3% YoY
EBITDA
226.12M
est: 188.47M (+20.0%)
335.27M
est: 177.76M (+88.6%)
374.73M
est: 239.61M (+56.4%)
588.79M
est: 312.59M (+88.4%)
659.18M
est: 367.60M (+79.3%)
567.38M
est: 396.47M (+43.1%)
622.34M
est: 651.35M (-4.5%)
876.26M
est: 751.01M (+16.7%)
842.20M
est: 613.85M (+37.2%)
816.92M
est: 649.24M (+25.8%)
893.99M
est: 681.30M (+31.2%)
1.02B
est: 750.88M (+36.0%)
1.24B
est: 1.17B (+5.7%)
1.16B
est: 1.00B (+16.1%)
1.19B
est: 1.16B (+2.1%)
1.39B
1.11B – 1.72B
+20.1% YoY
1.70B
1.26B – 2.11B
+22.1% YoY
1.92B
1.92B – 1.92B
+12.8% YoY
1.94B
1.48B – 2.40B
+1.1% YoY
1.97B
1.50B – 2.43B
+1.3% YoY
EBIT
165.07M
est: 231.87M (-28.8%)
238.06M
est: 209.71M (+13.5%)
262.64M
est: 216.08M (+21.5%)
440.22M
est: 303.76M (+44.9%)
480.01M
est: 257.40M (+86.5%)
385.01M
est: 253.96M (+51.6%)
445.93M
est: 417.96M (+6.7%)
663.93M
est: 528.70M (+25.6%)
609.47M
est: 443.16M (+37.5%)
564.99M
est: 404.65M (+39.6%)
667.67M
est: 424.63M (+57.2%)
790.05M
est: 468.00M (+68.8%)
941.34M
est: 861.86M (+9.2%)
840.53M
est: 846.79M (-0.7%)
810.89M
est: 855.85M (-5.3%)
1.03B
818.37M – 1.27B
+20.1% YoY
1.26B
927.63M – 1.55B
+22.1% YoY
1.42B
1.42B – 1.42B
+12.8% YoY
1.43B
1.09B – 1.77B
+1.1% YoY
1.45B
1.11B – 1.79B
+1.3% YoY
Net Income
135.22M
est: 169.00M (-20.0%)
130.60M
est: 166.78M (-21.7%)
146.84M
est: 135.35M (+8.5%)
229.99M
est: 170.52M (+34.9%)
201.92M
est: 182.74M (+10.5%)
216.85M
est: 169.95M (+27.6%)
289.92M
est: 294.91M (-1.7%)
394.22M
est: 388.33M (+1.5%)
443.61M
est: 332.62M (+33.4%)
62.03M
est: 389.89M (-84.1%)
324.21M
est: 409.14M (-20.8%)
328.29M
est: 338.22M (-2.9%)
424.03M
est: 340.40M (+24.6%)
486.63M
est: 530.39M (-8.3%)
432.34M
est: 420.38M (+2.8%)
435.17M
350.96M – 471.91M
+3.5% YoY
746.42M
678.83M – 814.01M
+71.5% YoY
908.25M
680.16M – 976.08M
+21.7% YoY
817.12M
566.22M – 1.07B
-10.0% YoY
848.06M
587.66M – 1.11B
+3.8% YoY
SGA
22.17M
est: 55.03M (-59.7%)
34.06M
est: 59.95M (-43.2%)
55.27M
est: 35.34M (+56.4%)
82.40M
est: 64.24M (+28.3%)
83.16M
est: 98.75M (-15.8%)
78.80M
est: 69.65M (+13.1%)
81.20M
est: 107.16M (-24.2%)
99.94M
est: 108.76M (-8.1%)
106.07M
est: 82.52M (+28.5%)
73.93M
est: 96.35M (-23.3%)
107.73M
est: 101.11M (+6.5%)
116.13M
est: 111.43M (+4.2%)
157.40M
est: 155.03M (+1.5%)
179.59M
est: 152.32M (+17.9%)
172.41M
est: 153.95M (+12.0%)
184.91M
147.20M – 227.72M
+20.1% YoY
225.76M
166.86M – 279.44M
+22.1% YoY
254.60M
254.60M – 254.60M
+12.8% YoY
257.43M
196.62M – 317.94M
+1.1% YoY
260.80M
199.20M – 322.11M
+1.3% YoY
EPS
0.96
est: 1.37 (-29.9%)
0.86
est: 0.79 (+8.6%)
0.94
est: 1.07 (-12.0%)
1.40
est: 1.61 (-13.1%)
1.19
est: 1.77 (-32.6%)
1.21
est: 1.38 (-12.3%)
1.53
est: 1.52 (+0.9%)
1.90
est: 1.63 (+16.9%)
2.07
est: 2.35 (-11.8%)
0.28
est: 1.39 (-79.9%)
1.47
est: 1.65 (-11.0%)
1.48
est: 2.20 (-32.9%)
1.85
est: 1.49 (+24.5%)
2.12
est: 2.25 (-5.6%)
1.89
est: 1.84 (+3.0%)
1.79
1.53 – 2.06
-2.3% YoY
3.27
2.96 – 3.55
+82.1% YoY
3.37
2.97 – 4.26
+3.1% YoY
3.57
2.47 – 4.65
+5.9% YoY
3.70
2.56 – 4.83
+3.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-15 C+ 2/5 3/5 3/5 3/5 1/5 1/5 1/5
2026-05-14 B- 3/5 3/5 5/5 3/5 1/5 2/5 1/5
2026-05-13 B 3/5 3/5 5/5 4/5 1/5 2/5 1/5
2026-05-12 B 3/5 3/5 5/5 4/5 1/5 2/5 1/5
2026-05-11 B- 3/5 3/5 5/5 3/5 1/5 2/5 1/5
2026-05-08 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-07 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-06 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-05 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-05-04 B 3/5 3/5 5/5 4/5 1/5 2/5 1/5
2026-05-01 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-30 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-29 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-28 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-27 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-24 B 3/5 4/5 5/5 4/5 1/5 2/5 1/5
2026-04-23 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-22 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-21 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-20 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-17 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-16 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5
2026-04-15 B+ 3/5 4/5 5/5 5/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-433.13M
OE per share TTM
-1.89
Owner's Yield
-3.29%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
125.0%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
1
Total invested
1.03M
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
1
-1 vs prev Q
New positions
0
Closed positions
1
Increased
0
Reduced
1
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.20M +69.0K (+6.1%) 38.54M +564.8K (+1.5%) 0.52% +0.030 pp 0.44% +0.006 pp CAD33.63 +30.8% 26 qtrs
2 GM ADVISORY GROUP, INC. 30.3K +30.3K (+100.0%) 972.8K +972.8K (+100.0%) 0.01% +0.013 pp 0.04% +0.038 pp CAD44.00 +0.0% 1 qtrs NEW
Ownership breakdown by holder

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
806.9K
Shares Outstanding
229.28M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
C. Dean Setoguchi President, Chief Executive Officer & Director 2M male
Eileen Marikar Senior Vice President & Chief Financial Officer 918.5K female
K. James Urquhart Senior Vice President of Liquids Business Unit 865.5K male
Christy Elliott Senior Vice President of Sustainability & External Affairs, General Counsel and Corporate Secretary 747.2K female
Amanda Condie Manager of Corporate Communications female
Dan Cuthbertson General Manager of Investor Relations male
Calvin Locke Manager of Investor Relations male
Bradley John Slessor Senior Vice President of G&P and NGL Pipelines Business Unit male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits