Keyera Corp.
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in mil. unless spec.Company Description
- CEO
- C. Dean Setoguchi
- Full Time Employees
- 1,005
- Sector
- Energy
- Industry
- Oil & Gas Midstream
- Address
- The Ampersand Calgary AB Canada T2P 3N4
- IPO Date
- Nov 15, 2005
- Website
- keyera.com
- Similar Companies
- Business
- Keyera Corp. (TSX:KEY; OTC:KEYUF) operates an integrated midstream energy infrastructure business in Canada and the United States, focusing on natural gas gathering and processing; natural gas liquids (NGLs) fractionation, transportation, storage, and terminaling; iso-octane production and sales; and marketing of propane, butane, condensate, iso-octane, natural gas, and crude oil. The company maintains three core segments—Gathering and Processing, Liquids Infrastructure, and Marketing—with key facilities including the Rimbey, Strachan, Simonette, Wapiti, Pipestone, Brazeau River, Cynthia, Alder Flats, and Nordegg River gas plants in Alberta; fractionation, storage, and logistics hubs at Fort Saskatchewan, Edmonton, Alberta Diluent Terminal, Base Line, Josephburg, and South Cheecham terminals in Alberta; and liquids terminals in Oklahoma such as Wildhorse and Oklahoma Liquids Terminal. Founded in 1998 and headquartered in Calgary, Alberta, Keyera delivers fee-for-service solutions to oil and gas producers, industrial customers, and end-users across Western Canada, primarily in the Western Canadian Sedimentary Basin, eastern Canada, and select U.S. markets. In June 2025, Keyera agreed to acquire substantially all of Plains All American Pipeline's Canadian NGL business plus select U.S. assets for $5.15 billion in cash, a transformational transaction expected to close in the first quarter of 2026 that expands its NGL corridor from western to eastern Canada, adds approximately 193,000 barrels per day of C3+ fractionation capacity, 23 million barrels of storage, over 1,500 miles of pipelines, and straddle processing capacity of 5.7 Bcf/d while enhancing fee-based EBITDA growth by around 50% in the first full pro forma year through synergies exceeding $100 million annually. Recent capital projects advancing include the KFS Frac II debottleneck (8,000 bbl/d, mid-2026 in-service, $85 million), KFS Frac III expansion (47,000 bbl/d plus egress, mid-2028 in-service, $500 million), and KAPS Zone 4 pipeline (85 km from Pipestone to Gordondale, mid-2027 in-service, $220 million net), all supported by long-term take-or-pay contracts averaging 11-12 years; in September 2025, Keyera closed $2.3 billion in senior notes and $500 million in hybrid notes to finance the Plains deal; and in 2024, it achieved its 2025 GHG emissions intensity reduction target of 25% a year early.
Company News
Keyera Q2 Earnings Call Highlights
Keyera: Becoming Canada's NGL Clearinghouse
Canada's Keyera to buy remaining 50% stake in KAPS pipeline for $861 million
Keyera Corp. (KEY:CA) Q4 2026 Guidance Call Transcript
Keyera Corp: Risk-Reward Shifting But Still Bullish
Keyera, AltaGas and CN Partner to Build Strategic Canadian Infrastructure
Keyera Q1 Earnings Call Highlights
Keyera Corp. (KEY:CA) Shareholder/Analyst Call Transcript
Keyera Corp. (KEY:CA) Q1 2026 Earnings Call Transcript
Canada Antitrust Watchdog Seeks to Block Keyera Deal for Plains' Canada Gas Business
Midstream Energy: Relative Favorability
Keyera Corp. (OTCMKTS:KEYUF) Given Consensus Rating of “Moderate Buy” by Analysts
Keyera Corp. (KEY:CA) Q4 2025 Earnings Call Transcript
Keyera: A Transformational Acquisition
Keyera Corp. (KEY:CA) Q3 2025 Earnings Call Transcript
Keyera: Benefitting From Basin Growth
Thoughts On Midstream Energy Firms
Keyera Corp. (KEYUF) Q2 2025 Earnings Call Transcript
Keyera: Hybrid Bonds & The Gift From Plains All American Pipeline
Toronto Stocks Up; Keyera Shares Up Following Deal for Plains' Natural Gas Liquids Assets