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Keyera Faces Extended Alberta Envirofuels Outage, Brings Forward Major Turnaround

Story Highlights
  • Keyera reported an extended unplanned outage at its Alberta Envirofuels facility, now offline until May 2026.
  • The outage and advanced turnaround will cut 2026 margins by about $125 million but trim cash taxes and consolidate downtime.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Keyera Faces Extended Alberta Envirofuels Outage, Brings Forward Major Turnaround

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The latest update is out from Keyera Corp. ( (TSE:KEY) ).

Keyera Corp. has reported an extended unplanned outage at its Alberta Envirofuels iso-octane facility after identifying premature failure in long-life equipment that had been replaced about three years ago, with the plant now expected to return to service in May 2026. The company is advancing a major six-week turnaround that had been scheduled for fall 2026 to coincide with the current shutdown, which will avoid a separate outage later in the year but is expected to reduce 2026 Marketing segment realized margin by about $110 million and Liquids Infrastructure realized margin by $15 million, partially offset by a roughly $30 million decrease in cash taxes and a $10 million increase in maintenance capital, with the operational disruption and financial hit highlighting reliability risks at a key asset even as Keyera seeks to protect long-term integrity and minimize future downtime.

The most recent analyst rating on (TSE:KEY) stock is a Buy with a C$55.00 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 Neutral.

Keyera Corp. has a solid financial foundation with strong profitability and effective equity utilization. The positive sentiment from the earnings call, highlighting margin growth and sustainability achievements, boosts the score. However, technical indicators and valuation concerns, along with challenges in revenue growth and cash flow, moderate the overall score.

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

More about Keyera Corp.

Keyera Corp. is a Canadian-based energy infrastructure company that operates an integrated network of predominantly fee-for-service assets, including natural gas gathering and processing, natural gas liquids processing, transportation, storage and marketing, iso-octane production and sales, and a leading condensate system in the Edmonton/Fort Saskatchewan region of Alberta. The company focuses on providing high-quality, value-added midstream services to customers across North America while emphasizing ethical, safe, and environmentally and financially responsible operations.

Average Trading Volume: 1,387,033

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$10.32B

For an in-depth examination of KEY stock, go to TipRanks’ Overview page.

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