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Keyera Corp. (TSE:KEY)
:KEY
Holding TSE:KEY?
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.49Last Year’s EPS
0.21Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -5.50%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment with notable financial growth, strong performance across all segments, and strategic initiatives like share buybacks. However, minor setbacks such as turnaround delays and potential Q4 marketing segment slowdown were noted.Company Guidance
During the Q3 2024 earnings call, Keyera provided guidance for 2024, emphasizing strong performance across their business segments and reaffirming a Marketing segment realized margin range of $450 million to $480 million. The company expects growth capital for 2024 to be at the high end of the $80 million to $100 million range, while maintenance capital remains between $120 million and $140 million. Cash taxes are anticipated to be in the range of $90 million to $100 million. Keyera reported net earnings of $185 million and an adjusted EBITDA of $322 million for the quarter, highlighting a significant increase from the previous year. With a strong financial position, including a net debt to adjusted EBITDA ratio of 1.9x, Keyera plans to pursue opportunities that enhance shareholder value, including potential share buybacks and capital-efficient growth projects like the debottlenecking of Frac II and the proposed KFS Frac III expansion, which would increase their overall net fractionation capacity by about 60%.Strong Financial Performance
Net earnings were $185 million compared to $78 million for the same period last year. Adjusted EBITDA for the quarter was $322 million compared to $288 million for the same period last year.
Record Throughput in the North Region
The Gathering and Processing segment delivered $99 million in realized margin with near-record quarterly throughput from the North region, up 15% year-over-year.
Liquids Infrastructure Success
The Liquids Infrastructure segment delivered its second-highest quarter ever with $135 million in realized margin.
Strong Marketing Segment Performance
Marketing segments performed well, generating $135 million in realized margin due to higher propane, condensate, and iso-octane sales volumes and margins.
Robust Financial Position
Exited the quarter with net debt to adjusted EBITDA at 1.9x, below the targeted range of 2.5 to 3x.
Approval for Share Buybacks
Announced seeking approval for share buybacks, demonstrating financial flexibility.
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TSE:KEY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:KEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$44.39 | C$43.95 | -0.99% |
| Aug 08, 2024 | C$37.33 | C$37.93 | +1.61% |
| May 14, 2024 | C$34.07 | C$34.78 | +2.08% |
| Feb 14, 2024 | C$30.54 | C$30.26 | -0.92% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Keyera Corp. (TSE:KEY) report earnings?
Keyera Corp. (TSE:KEY) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Keyera Corp. (TSE:KEY) earnings time?
Keyera Corp. (TSE:KEY) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:KEY EPS forecast?
TSE:KEY EPS forecast for the fiscal quarter 2024 (Q4) is 0.49.
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