Keyera Corp

Chart & Performance

D1W1MN

P/E

23.14

P/S

1.40

EPS

1.85

Div Yield, %

4.95%

Shrs. gr., 5y

2.02%

Rev. gr., 5y

9.41%

Revenues

7.00b

-0.83%

Net income

424m

+29.16%

CFO

975m

+5.42%

Dividend

Sep 13, 20240.52 CAD/sh

Earnings

Feb 12, 2025

Profile

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components primarily natural gas liquids; and provides condensate handling services. This segment has approximately 4,400 kilometers of gathering pipelines; and holds interests in 12 active gas plants in Alberta. The Liquids Infrastructure segment provides gathering, processing, fractionation, storage, transportation, liquids blending, and terminalling services for natural gas liquids (NGLs) and crude oil through a network of facilities that include underground NGL storage caverns, above ground storage tanks, NGL fractionation and de-ethanization facilities, pipelines, rail and truck terminals, NGL blending facilities, and the Alberta EnviroFuels facility. This segment also produces iso-octane. The Marketing segment engages in the marketing of propane, butane, condensate, and iso-octane, as well as liquids blending activities. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 2003 and is headquartered in Calgary, Canada.

URL

https://www.keyera.com/

IPO date

May 30, 2003

Employees

1,005

Domiciled in

Incorporated in

Valuation

Order:

Title CAD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title CAD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	7,001,884 -0.83%	7,060,223 41.63%	4,984,906 65.47%
Cost of revenue	6,100,043	6,258,833	4,301,089
Unusual Expense (Income)
NOPBT	901,841	801,390	683,817
NOPBT Margin	12.88%	11.35%	13.72%
Operating Taxes	122,645	104,906	102,055
Tax Rate	13.60%	13.09%	14.92%
NOPAT	779,196	696,484	581,762
Net income	424,032 29.16%	328,294 1.26%	324,206 422.66%
Dividends	(485,806)	(424,364)	(424,364)
Dividend yield	6.62%	6.48%	6.73%
Proceeds from repurchase of equity	(229)	230,093
BB yield	0.00%	-3.51%
Debt
Debt current	226,841	60,032	91,545
Long-term debt	4,263,187	4,053,314	3,789,520
Deferred revenue			268,297
Other long-term liabilities	247,343	179,040	1,788
Net debt	4,414,908	4,217,516	3,777,281
Cash flow
Cash from operating activities	975,486	925,327	583,839
CAPEX	(702,687)	(895,929)	(516,633)
Cash from investing activities	(819,713)	(843,921)	(397,124)
Cash from financing activities	(134,263)	(100,650)	(173,854)
FCF	122,652	411,924	371,404
Balance
Cash	20,088	(209,399)	15,940
Long term investments	55,032	105,229	87,844
Excess cash
Stockholders' equity	2,779,474	2,818,716	2,657,634
Invested Capital	7,313,337	6,874,039	6,595,072
ROIC	10.98%	10.34%	8.89%
ROCE	10.98%	10.54%	9.40%
EV
Common stock shares outstanding	229,153	221,290	221,023
Price	32.03 8.25%	29.59 3.72%	28.53 26.13%
Market cap	7,339,771 12.09%	6,547,971 3.84%	6,305,786 26.46%
EV	11,754,679	10,765,487	10,083,067
EBITDA	1,236,040	1,059,654	941,455
EV/EBITDA	9.51	10.16	10.71
Interest	205,311	166,404	168,909
Interest/NOPBT	22.77%	20.76%	24.70%