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Keyera Corp. (TSE:KEY)
TSX:KEY
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.45Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 15, 2025
|% Change Since: -4.15%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with strong financial results and strategic growth initiatives like the sanctioning of KFS Frac 3. However, challenges like the extended maintenance outage at the AEF facility and commodity market volatility were acknowledged. The company's strong balance sheet and proactive measures provide a solid foundation for future growth.Company Guidance
During Keyera's 2025 First Quarter Conference Call, the company provided guidance on several key metrics. They reaffirmed their goal to grow fee-based adjusted EBITDA by 7% to 8% annually from 2024 to 2027. The sanctioning of KFS frac 3 will expand frac capacity by about 60%, with both frac projects expected to deliver returns within a 10% to 15% range. The company's adjusted EBITDA for the first quarter was $298 million, while distributable cash flow was $190 million, or $0.83 per share. The marketing segment realized margin is projected to be between $310 million and $350 million for 2025, accounting for an estimated $50 million impact from an AEF outage. Growth capital expenditures are expected to range from $300 million to $330 million, and maintenance capital expenditures are anticipated to be between $70 million and $90 million. The company also expects cash taxes to be between $100 million and $110 million. Overall, Keyera continues to focus on disciplined capital allocation and remains optimistic about long-term growth in the Western Canadian Sedimentary Basin.Sanctioning of KFS Frac 3
Keyera announced the sanctioning of KFS Frac 3, a major expansion that will increase total frac capacity by about 60%, backed by long-term customer commitments with high take-or-pay provisions.
Strong Financial Results
Net earnings rose to $130 million, up from $71 million in the same period last year, with continued strong margin contributions from the fee-for-service segment, which were up 9% year-over-year.
Wapiti Gas Plant Ahead of Schedule
The Wapiti gas plant is now expected to reach effective capacity in 2026, a year earlier than anticipated, with several optimization projects supporting further growth.
Solid Balance Sheet
Keyera ended the quarter with a strong balance sheet, reducing net debt by over $500 million over the last 2 years, with a net debt to EBITDA ratio of 2 times, below the targeted range.
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
TSE:KEY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 15, 2025 | C$44.29 | C$43.32 | -2.19% |
Feb 13, 2025 | C$41.33 | C$41.72 | +0.94% |
Nov 14, 2024 | C$43.85 | C$43.42 | -0.98% |
Aug 08, 2024 | C$36.87 | C$37.47 | +1.63% |
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.
FAQ
When does Keyera Corp. (TSE:KEY) report earnings?
Keyera Corp. (TSE:KEY) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Keyera Corp. (TSE:KEY) earnings time?
Keyera Corp. (TSE:KEY) earnings time is at Aug 07, 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 (Q2) is 0.45.