TSE:KEY

Keyera Corp (KEY.TO)

57.20
-1.19 (2.04%)
as of Aug 5, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconAug 5, 2026, 12:00 am

This summary was created by AI, based on 13 opinions in the last 12 months.

Keyera Corp (KEY-T) has received mixed reviews from experts, highlighting various strengths and concerns. Many analysts praise the company's positioning within the energy infrastructure space, particularly emphasizing its growth potential from the Plains acquisition and increasing demand for LNG and condensate in Western Canada, resulting in an Earning Per Share (EPS) growth of 23% and dividend growth of 4%. Despite these positive aspects, some experts express caution regarding its valuation, citing an 18.3x price-to-earnings ratio for 2028 as relatively expensive when compared to peers. Concerns also arise from the dependency on commodity prices and the risks associated with execution and ongoing capital expenditures. Notably, the stock is viewed favorably for its stable cash flows, but skepticism remains regarding the marketing segment, which is subject to volatility.

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Consensus
Positive
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Valuation
Overvalued
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ENB
TOP PICK
Midstream gas processor. When they convert, they don't have to cut the 7% distribution because their payout is about 65%. With that payout they will still be able to give organic growth.
BUY
Likes it. One of his larger holdings. A solid name and he is impressed with management. Good storage facilities. They are right in the sweet spot.
BUY
(Market Call Minute) Process gas and store various products. Have pipelines, 44% payout ratio not including special distribution
BUY
Extremely well managed and should continue to deliver good results. If looking for good, solid income in pipeline and midstream gathering space, this one and Inter Pipeline (IPL.UN-T) would be his top 2 picks. 7% distribution should be safe.
PAST TOP PICK
(A Top Pick May 20/09. Up 48.87%.) Should continue to grow.
BUY ON WEAKNESS
Midstream natural gas processor. Will have to convert to a corporation but management has indicated the dividend will remain at $1.80 for the next 5 years. This will be a dividend tax credit that will be more attractive. Not a tremendous amount of upside the nice dividend.
PAST TOP PICK
(A Top Pick Nov 28/08. Up 56%.) Still a Hold.
TOP PICK
Strong management. Great track record of creating value. High quality assets and strong market position. Gathering/processing side has good exposure to sour gas where most drilling is taking place. Also into natural gas liquids infrastructure, which is starting to pay dividends. Marketing side can be a little volatile but without much downside. 7.8% yield should continue after conversion.
BUY
Possibly will be able to retain distributions after 2011.
BUY
8.3% distribution and a recent $0.22.5 special dividend. Well managed. Good growth.
TOP PICK
A bit of a defensive name. Good place to be at this critical juncture of the market. Has outstripped most other energy infrastructure companies since 2005. Distribution of about 9% with a payout ratio of less than 50%.
BUY
Recently gave guidance that they will be able to supplant and maintain current level of distributions in 2011. Strong businesses of 1) sour gas gathering and processing 2) transportation/storage and 3) energy marketing. Balance sheet is in good shape. 9.1% yield.
BUY
They clean up gas that comes out of the ground so we can go into pipelines. Not commodity price dependent. Doesn't see them doing any cuts in distributions.
BUY ON WEAKNESS
More cautious on natural gas than on oil, particularly through summer months. This company is a little protected from gas prices as they are more focused on sour gas, which is more stable. Also have an energy marketing, which had a blowout quarter although the outlook for the rest of the year is more muted. Would be a little cautious on entering right now. Pay out is quite reasonable. If you are patient, a great long term hold.
TOP PICK
Midstream handler of natural gas. It processes, stores, sells and sells associated liquids. Well managed and management owns a significant part. Conservative company with good income.
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