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Keyera Corp. (TSE:KEY)
TSX:KEY
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.54Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 1.15%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with record-breaking results in multiple areas, including adjusted EBITDA and net earnings. Strategic growth initiatives and operational safety achievements further bolstered the positive outlook. However, challenges such as the AEF operational issue and the potential impact of U.S. tariffs introduced some near-term uncertainties. Despite these challenges, the overall sentiment remains positive due to the company's solid financial position and strategic growth plans.Company Guidance
During the Keyera 2024 Year-end Conference Call, the company provided guidance that anticipates a 7% to 8% growth in fee-based EBITDA, driven largely by increased volumes and new customer acquisitions. The North G&P segment saw record volumes, and the Liquids Infrastructure segment continued to ramp up. The KFS frac debottleneck project, expected to add 8,000 barrels per day of capacity, is slated for mid-2026, while the Capstone 4 project aims for a 2027 in-service date. Despite a $40 million margin impact due to an AEF outage, Keyera maintains a strong financial position, ending 2024 with a net debt to EBITDA ratio of 2 times. The company also plans growth capital expenditures between $300 million and $330 million and maintenance capital expenditures between $70 million and $90 million for 2025, while continuing to focus on high-quality fee-for-service cash flows.Record Financial Performance
Keyera achieved record annual adjusted EBITDA of $1.3 billion, up from $1.2 billion the prior year, and net earnings of $487 million, up from $424 million. This was driven by record margin contributions across all business segments.
Dividend Increase
Keyera raised its dividend by 4% and received approval for a normal course issuer bid, reflecting strong financial health and commitment to returning value to shareholders.
Strategic Growth Initiatives
Keyera sanctioned the KFS frac 2 debottleneck project, expected in service by mid-2026, and advanced contracting for KFS frac 3 and Capstone 4, supporting future growth.
Operational Safety Achievements
For the second consecutive year, Keyera reported no lost time incidences, highlighting a strong safety culture within the organization.
Strong Volume Growth
Record annual volumes were achieved in multiple segments: Wapiti and Pipestone set records in the North G&P segment, and the condensate system in the Liquids Infrastructure segment also reached new highs.
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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 |
|---|---|---|---|
| Feb 13, 2025 | C$41.84 | C$42.23 | +0.93% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Keyera Corp. (TSE:KEY) earnings time?
Keyera Corp. (TSE:KEY) earnings time is at May 13, 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 2025 (Q1) is 0.54.
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