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Keyera Corp. (T:KEY)

Business Focus: Oil & Gas Transportation Services

Sector:  Energy Industry:  Oil & Gas Transportation Services
See Regulatory Filings on SEDAR
Company Contact
Address: Sunlife Plaza 1, 144 4 Ave SW Suite 200
Tel: N/A
IR: See website
Key People
Steven B. Kroeker
Chief Financial Officer, Senior Vice President
Graham Balzun
Vice President - Corporate Responsibility
Bradley W. Lock
Chief Operating Officer, Senior Vice President
Nancy Brennan
Senior Vice President, General Counsel, Corporate Secretary
C. Dean Setoguchi
Senior Vice President , Chief Commercial Officer
Jarrod Beztilny
Vice President - Operations, Gathering and Processing
John Hunszinger
Vice President - Operations, Liquids Infrastructure
Eileen Marikar
Vice President, Controller
Jamie Urquhart
Vice President of Marketing
Dion Kostiuk
Vice President - Human Resources and Corporate Services
Business Overview
Keyera Corp. operates an integrated Canadian-based midstream business. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs). The Liquids Business Unit consists of Liquids Infrastructure and Marketing segments. The Liquids Infrastructure segment owns and operates a network of facilities for processing, fractionation, storage and transportation of the by-products of natural gas processing, including NGLs. The Marketing segment markets a range of products associated with its infrastructure business lines, primarily propane, butane, condensate and iso-octane, and also engaged in crude oil midstream activities.
Financial Overview
For the six months ended 30 June 2020, Keyera Corp revenues decreased 12% to C$1.59B. Net income decreased 60% to C$103.4M. Revenues reflect Marketing segment decrease of 16% to C$1.21B, Canada segment decrease of 69% to C$432.4M, Oil Equivalent Production (Units/day), T decrease of 28% to 3K barrels per day. Net income also reflects Impairment expense increase from C$0K to C$194M (expense). Dividend per share increased from C$0.90 to C$0.96.
Employees: 1,074 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $7,507M as of Jun 30, 2020
Annual revenue (TTM): $3,410M as of Jun 30, 2020
EBITDA (TTM): $1,039M as of Jun 30, 2020
Net annual income (TTM): $287.52M as of Jun 30, 2020
Free cash flow (TTM): -$335.03M as of Jun 30, 2020
Net Debt Last Fiscal Year: $3,122M as of Jun 30, 2020
Shares outstanding: 221,022,873 as of Jun 30, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization