Twenty-nine midstream energy companies were evaluated on a relative favorability matrix with factors representing yield, yield coverage, valuation, profitability, growth, and leverage. Based on this analysis, UGP, HESM, and USAC are the most favorable prospects in the midstream industry. I recommend investors who own TRP, GEL, or DKL carefully review their position, as these midstreams compare unfavorably to peers.
Keyera Corp. (OTCMKTS:KEYUF - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and five have issued a buy rating on the company. KEYUF has been the subject of a
Keyera Corp. (KEY:CA) Q4 2025 Earnings Call Transcript
Keyera is set to acquire Plains' Canadian NGL business for CAD 5.15B, potentially transforming its market position. The subscription receipts trade at a 2% discount to common shares, offering an attractive entry point if the deal closes. Post-acquisition, KEY targets a debt/EBITDA ratio of 2.9x by 2026, declining to 2.5x by 2028, supporting balance sheet strength.
Keyera Corp. ( KEY:CA ) Q3 2025 Earnings Call November 14, 2025 10:00 AM EST Company Participants Dan Cuthbertson - General Manager of Investor Relations C. Setoguchi - President, CEO & Director Eileen Marikar - Senior VP & CFO K.
Keyera Corp. is a leading Canadian energy infrastructure company focused on natural gas liquids, with high barriers to entry and integrated assets. KEYUF's growth is driven by the KAPS pipeline, strategic partnerships like Shell's carbon storage, and the transformative Plains NGL acquisition. Risks include exposure to oil sands, iso-octane demand, commodity price volatility, and a relatively weak Altman Z-Score, though its geographic position is a key intangible asset.
Midstream energy firms offer attractive income investments, with business models and financial structures impacting growth, valuation, and yield opportunities. MLPs like EPD and MPLX are discounted versus corporations, offering higher yields but facing investor aversion due to K-1 tax forms. Strong performers such as Enterprise Products Partners (EPD) and MPLX demonstrate sensible growth, rising dividends, and robust balance sheets.
Keyera Corp. (OTCPK:KEYUF) Q2 2025 Earnings Call August 7, 2025 10:00 AM ET Company Participants Dan Cuthbertson - General Manager of Investor Relations Dean Setoguchi - President and CEO Eileen Marikar - Senior VP & CFO Jarrod Beztilny - Senior Vice President of Operations & Engineering K. James Urquhart - Senior VP & Chief Commercial Officer Conference Call Participants Aaron MacNeil - TD Cowen, Research Division Andrew John O'Donnell - Tudor, Pickering, Holt & Co. Securities, LLC, Research Division Benjamin Pham - BMO Capital Markets Equity Research Maurice Choy - RBC Capital Markets, Research Division Patrick Kenny - National Bank Financial, Inc., Research Division Robert Catellier - CIBC Capital Markets, Research Division Robert Hope - Scotiabank Global Banking and Markets, Research Division Operator Good morning.
Keyera got a gift from Plains All American. We go over the valuation metrics of the acquisition and why this is a game changer. We also tell you why the hybrid bonds make sense on their own.
Toronto stocks were slightly higher Wednesday in midday trading on strong gains by health tech shares, followed by tech and transportation. Of the few decliners energy, industrial services and utilities lost the most.
Keyera's shares jumped in the wake of the energy infrastructure company's 5.15 billion Canadian dollar ($3.76 billion) deal to expand its natural gas liquids operations, an acquisition it expects will drive earnings and underpin the sustainability of its dividend payout.
Keyera Corp said on Tuesday it has entered into a definitive agreement to buy substantially all of Plains' Canadian natural gas liquids business, plus select U.S. assets, for C$5.15 billion ($3.77 billion) in cash.
Keyera Corp. (OTCPK:KEYUF) Q1 2025 Earnings Conference Call May 15, 2025 10:00 AM ET Company Participants Dan Cuthbertson - General Manager, Investor Relations Dean Setoguchi - President & Chief Executive Officer Eileen Marikar - Senior Vice President & Chief Financial Officer Jamie Urquhart - Senior Vice President & Chief Commercial Officer Jarrod Beztilny - Senior Vice President, Operations & Engineering Conference Call Participants Jess Hoyle - Scotiabank Robert Catellier - CIBC Capital Markets Patrick Kenny - National Bank Financial Ben Pham - BMO Capital Markets Spiro Dounis - Citi Maurice Choy - RBC Capital Markets Operator Good morning. My name is Joelle, and I will be your conference operator today.
Keyera Corp. has achieved a 114% total return since 2020, driven by stable operations and a strong dividend growth profile. The company anticipates 7-8% fee-based EBITDA growth in 2025, supported by optimized asset utilization and strategic capital investments. Keyera's dividend yield of 5.1% is well-covered, with a payout ratio of 61%, and the company plans sustainable dividend growth aligned with EBITDA growth.
Keyera Corp. (OTCPK:KEYUF) Q4 2024 Results Conference Call February 13, 2025 11:00 AM ET Company Participants Dan Cuthbertson - Director, IR Dean Setoguchi - President & CEO Eileen Marikar - SVP & CFO James Urquhart - SVP & Chief Commercial Officer Jarrod Beztilny - SVP, Operations & Engineering Conference Call Participants Rob Hope - Scotiabank Maurice Choy - RBC Capital Markets Robert Catellier - CIBC Capital Markets Aaron MacNeil - TD Cowen Ben Pham - BMO A.J. O'Donnell - TPH Theresa Chen - Barclays Patrick Kenny - National Bank Financial Nate Heywood - ATB Capital Markets Operator Good morning.
Keyera's strong 2024 results are driven by marketing revenue, with a net profit of C$184.6M and an EPS of C$0.81. The company anticipates 7-8% annual EBITDA growth on the fee-based revenue from 2024-2027, focusing on capital-efficient projects and debottlenecking initiatives. Despite a projected 30% drop in marketing income, higher fee-based EBITDA and reduced sustaining capex should boost distributable cash flow.
Keyera Corp. (OTCPK:KEYUF) Q3 2024 Earnings Conference Call November 14, 2024 10:00 AM ET Company Participants Dan Cuthbertson - Director, IR Dean Setoguchi - President & CEO Eileen Marikar - SVP & CFO James Urquhart - SVP & Chief Commercial Officer Jarrod Beztilny - SVP, Operations & Engineering Conference Call Participants Robert Hope - Scotiabank Maurice Choy - RBC Capital Markets Spiro Dounis - Citi Robert Catellier - CIBC Capital Markets A.J. O'Donnell - TPH Ben Pham - BMO Patrick Kenny - National Bank Financial Operator Good morning.
Keyera's strong Q2-2024 performance, driven by its marketing segment, led to an EBITDA beat and a raised marketing EBITDA estimate for 2024. We saw a nice 4% bump to the dividend. The valuation is middling but the low leverage and low payout ratio make this the safest dividend in midstream.
Keyera Corp. (OTCPK:KEYUF) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Dan Cuthbertson - Director-Investor Relations Dean Setoguchi - President & Chief Executive Officer Eileen Marikar - Senior Vice President & Chief Financial Officer Jamie Urquhart - Senior Vice President & Chief Commercial Officer Jarrod Beztilny - Senior Vice President-Operations & Engineering Conference Call Participants Rob Hope - Scotiabank Spiro Dounis - Citi Robert Kwan - RBC Capital Markets Robert Catellier - CIBC Capital Markets Patrick Kenny - National Bank Financial A.J. O'Donnell - TPH Ben Pham - BMO Operator Good morning.
We had rated Keyera Corp. as a "Hold" in our last coverage and provided a safe way to generate a 14% annualized yield. Q1-2024 results were solid. We look at the blowout guidance on the marketing segment and see how that impacts our thesis.