Keyera: Earnings And KAPS Pipeline Update (TSX:KEY:CA)


A female engineer works in a chemical plant using a laptop computer

tianyu wu

Author’s Note: Since Keyera Corp. is reporting in Canadian Dollars, all numbers refer to Canadian Dollars (unless stated otherwise).


This will be an update on my initial article regarding Keyera Corp. (OTCPK:KEYUF) (TSX:KEY:CA

Screenshot from my initial article showing total return vs. S&P 500 since my last article

KEY:CA – Performance since last article (Seeking Alpha)

Screenshot from SA Charting showing Total Return over the past 6 months vs. Canadian Peers

Total Return 6M (Seeking Alpha Charting)

Snipped from current SA Ratings

KEY:CA – Seeking Alpha ratings (Seeking Alpha)

Chart from the Year End Report showing the DCF bridge for Q4 2022

Q4 2022 DCF (Keyera – 2022 Year-End Report)

Chart from the Report showing the DCF bridge for Q1 2023

Q1 2023 DCF (Keyera – Q1 2023 Report)

Chart showing the price index for US Natural Gas Liquids (NGLs)

US Natural Gas Liquid Composite Price (YCharts)

Slide from the current investor presentation showing an overview of the transaction.

KFS Acquisition (Keyera Investor Presentation)

Snippet from slide 11 of the presentation highlighting the low risk business model by showing earnings throughout past crises.

Highlighted crises (Enbridge Q1 2023 earnings presentation)