Keyera Corp. Expands NGL Infrastructure with $5.15 Billion Acquisition

Keyera Corp. ( (TSE:KEY) ) has shared an update.

Keyera Corp. has announced a transformative acquisition of Plains’ Canadian NGL business and select U.S. assets for $5.15 billion, significantly expanding its NGL infrastructure across Canada. This strategic move is expected to enhance Keyera’s market position by providing more reliable services and diversified market access, while also delivering immediate shareholder value and supporting Canada’s energy infrastructure resilience.

The most recent analyst rating on (TSE:KEY) stock is a Hold with a C$40.00 price target. To see the full list of analyst forecasts on Keyera Corp. stock, see the TSE:KEY Stock Forecast page.

Spark’s Take on TSE:KEY Stock

According to Spark, TipRanks’ AI Analyst, TSE:KEY is a Outperform.

Keyera Corp. achieves a solid score driven by strong financial performance and strategic corporate initiatives. The company’s proactive growth strategies and solid balance sheet underpin its potential for long-term growth, despite neutral technical indicators and market volatility challenges.

To see Spark’s full report on TSE:KEY stock, click here.

More about Keyera Corp.

Keyera Corp. is a Canadian energy infrastructure company that operates in the natural gas liquids (NGL) sector. The company focuses on providing integrated services such as extraction, fractionation, storage, and transportation of NGLs, primarily across Canada, with a strong emphasis on enhancing domestic energy infrastructure and security.

Average Trading Volume: 1,179,355

Technical Sentiment Signal: Buy

Current Market Cap: C$9.53B

See more data about KEY stock on TipRanks’ Stock Analysis page.