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Last C$39.63 CAD
Change Today +0.14 / 0.35%
Volume 200.9K
As of 11:34 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

keyera corp (KEY) Snapshot

Open
C$39.45
Previous Close
C$39.49
Day High
C$39.68
Day Low
C$38.90
52 Week High
09/3/14 - C$49.92
52 Week Low
12/16/14 - C$34.49
Market Cap
6.7B
Average Volume 10 Days
723.2K
EPS TTM
C$1.31
Shares Outstanding
168.8M
EX-Date
08/20/15
P/E TM
30.3x
Dividend
C$1.50
Dividend Yield
3.42%
Current Stock Chart for KEYERA CORP (KEY)

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keyera corp (KEY) Details

Keyera Corp. engages in natural gas and natural gas liquids midstream businesses in Canada and the United States. The company operates through two business units, Gathering and Processing Business Unit, and Liquids Business Unit. The Gathering and Processing Business Unit owns and operates 16 raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products, and separate the economic components, as well as 4,500 kilometers of 4 to 12 inch diameter raw gas gathering pipelines. The Liquids Business Unit provides gathering, fractionation, storage, transportation, and terminalling services for NGLs and crude oil to customers through a network of facilities, including underground NGL storage caverns; fractionation facilities; NGL and crude oil pipelines; pipeline, rail, and truck terminals; and iso-octane facilities, as well as produces iso-octane. It also markets NGLs, crude oil, iso-octane, and sulphur, as well as propane, butane, and condensate. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. is headquartered in Calgary, Canada.

900 Employees
Last Reported Date: 02/11/15

keyera corp (KEY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$423.8K
Executive Chair
Total Annual Compensation: C$572.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$337.7K
Senior Vice President of Gathering & Processi...
Total Annual Compensation: C$341.0K
Senior Vice President of Liquids Business Uni...
Total Annual Compensation: C$252.4K
Compensation as of Fiscal Year 2014.

keyera corp (KEY) Key Developments

Keyera Corp. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015 and Cash Tax Guidance for the Year 2016

Keyera Corp. reported earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net earnings of $15.587 million against $62.930 million a year ago, due to a non-cash loss related to changes in the fair value of currency swaps, higher depreciation associated with Keyera's growing asset base and an increase in current income tax expense. Cash flow from operating activities was $126.434 million against $106.675 million a year ago. Distributable cash flow was $92.305 million against $84.015 million a year ago. Adjusted EBITDA was $156.923 million against $143.043 million a year ago. Net earnings per basic share was $0.09 against $0.39 a year ago. Distributable cash flow per share was $0.54 against $0.52 a year ago. Total capital expenditures were $220.951 million against $310.784 million a year ago. For the six months, the company’s net earnings were $72.167 million against $118.163 million a year ago. Cash flow from operating activities was $403.997 million against $226.168 million a year ago. Distributable cash flow was $232.099 million against $162.235 million a year ago. Adjusted EBITDA was $341.430 million against $250.790 million a year ago. Net earnings per basic share was $0.43 against $0.74 a year ago. Distributable cash flow per share was $1.37 against $1.01 a year ago. Total capital expenditures were $438.000 million against $518.444 million a year ago. Net debt as at June 30, 2015 was $1,483.249 million against $834.326 as at June 30, 2014. Year-to-date, growth capital investment, excluding acquisitions, is approximately $380 million. For 2015, the company still expects to invest between $700 million and $800 million in growth capital projects and will continue to make decisions with a long-term view. Cash tax estimate for the year 2015, given the increase in the provincial corporate tax rate and now expect 2015 cash taxes to be between $85 million and $95 million, $10 million more than previously indicated. Capital investment, excluding acquisitions in the range of $700 million to $800 million for the year. The company anticipates cash taxes for the year 2016 will be reduced as a result of increased capital cost allowance deductions related to several major capital projects that have or will become available for use in 2015.

Keyera Corp. Announces Dividend, Payable on September 15, 2015

Keyera Corp. increased its dividend by 9%, from $0.115 per share per month to $0.125 per share per month, or $1.50 per share annually. The dividend increase is effective with the August dividend payable on September 15, 2015 to shareholders of record on August 24, 2015. The ex-dividend date is August 20, 2015.

Keyera Corp. Seeks Acquisitions

Keyera Corp. (TSX:KEY) believes that its strong balance sheet and access to capital enable them to fund capital expenditures and also provide with the flexibility to selectively pursue acquisitions.

 

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KEY Competitors

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Company Last Change
AltaGas Ltd C$36.18 CAD +1.34
Boardwalk Pipeline Partners LP $13.79 USD +0.37
Crestwood Equity Partners LP $2.90 USD +0.21
DCP Midstream Partners LP $28.80 USD +1.39
EnLink Midstream Partners LP $18.51 USD +1.06
View Industry Companies
 

Industry Analysis

KEY

Industry Average

Valuation KEY Industry Range
Price/Earnings 32.5x
Price/Sales 2.0x
Price/Book 4.6x
Price/Cash Flow 17.6x
TEV/Sales 1.5x
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