Keyera Q2 2023 Earnings Report

Keyera EPS Results

• Actual EPS: C$0.69
• Consensus EPS: C$0.46
• Beat/Miss: Beat by +C$0.23
• One Year Ago EPS: C$0.78

Keyera Revenue Results

• Actual Revenue: $1.50 billion
• Expected Revenue: $1.94 billion
• Beat/Miss: Missed by -$444.77 million
• YoY Revenue Growth: N/A

Keyera Announcement Details

• Quarter: Q2 2023
• Date: 8/10/2023
• Time: Before Market Opens

Keyera (TSE:KEY) engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment 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; and provides gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services. The Liquids Infrastructure segment owns and operates a network of facilities, including underground NGL storage caverns, above ground storage tanks, NGL fractionation facilities, and NGL and condensate pipelines, as well as rail and truck terminals for the processing, fractionation, storage, and transportation of by-products of natural gas processing comprising ethane, propane, butane, and condensate. This segment also produces iso-octane; and engages in the liquids blending activities. The Marketing segment engages in the marketing of propane, butane, condensate, and iso-octane, as well as natural gas and crude oil. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 1998 and is headquartered in Calgary, Canada.