TSE:KEY

Keyera Corp (KEY.TO)

54.76
+0.22 (0.40%)
as of Sep 14, 2026, 8:00:01 pm Market Open.
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Investor Insights
star iconSep 14, 2026, 12:00 am

This summary was created by AI, based on 16 opinions in the last 12 months.

Keyera Corp (KEY-T) has garnered a generally positive outlook from analysts, with many highlighting its recent acquisition of Plains and the subsequent growth potential through 2030. The company is seen as well-positioned in the energy infrastructure space within Western Canada, benefiting from increased demand for LNG and condensate, as well as production growth in the Montney region. Despite some concerns about valuation—with a PE ratio of 18.3x and moderate exposure to commodity prices—analysts note that it offers solid cash flow and dividends, making it a viable choice for investors looking for stability. The integration of Plains assets is a significant growth catalyst, and the company is expected to maintain its growth trajectory, evidenced by expectations of 23% EPS growth. However, caution is advised due to potential acquisition risks and market exposure, suggesting that while optimistic, investors should remain vigilant about market fluctuations and integration challenges.

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Consensus
Positive
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Valuation
Overvalued
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Similar
ENB
TOP PICK
Natural gas gathering & processing facility. Great management team. High-quality assets. Focused primarily on sour gas, which is a little more specialized and stable. A lot of organic growth opportunities. Good entry point.
BUY
The pipeline trusts is a sector with tremendous value. Offer better value than the pipeline companies. He owns Keyera (KEY.UN-T), Inter-Pipeline (IPL.UN-T), Fort Chicago (FCE.UN-T) and Pembina (PIF.UN-T). Distributions have held and the yields are up. Feels they will be taken out.
HOLD
Have a lot of gas storage. Exposed to the frac spread that hasn't been working in its favour lately. (Difference between oil/natural gas prices.)
BUY
A midstream facilities company. They take gas and run it through a chilling unit, which gives them butane/propane condensate, which they can sell for more than the gas is worth. Very profitable.
BUY
Has one of the largest natural gas midstream businesses and are mainly focused on sour gas gathering and processing. Strong management team and high quality assets. There may be more weakness in their 4th quarter because of propane. Good opportunity to pick up.
BUY ON WEAKNESS
Midstream natural gas gathering & processing facility. Their product trades off the oil quote. Pretty good spread there although they have had some hiccups in the marketing. Q3 was lower than expected. Expect there will be a buying opportunity when Q4 results are released and price softens. By under $15.
BUY
A very good name. Very undervalued at this point.
BUY
They gather and process natural gas in Alberta. Also getting into the midstream part of the oil business. High-quality name. One of the better organic growth stories. Low payout ratio.
PAST TOP PICK
(A Top Pick Oct 24/05. Up 21.1%.) No commodity risk. Dirty gas goes in and they clean it. Still likes. 6.8% yield.
BUY
Really likes the midstream assets right now, which they own. Expect there will be capital gains here. Good opportunities ahead of them.
BUY
They gather the natural gas, process it and put it into the pipelines. Dropped when interest rates went up. There is some scheduled maintenance which will put a crimp into earnings. An excellent company with great assets. Good price.
BUY
One of the best names in the mid-stream trust sector.
BUY
Stock has dropped because as interest rates go up on the long end of the curve income trusts in general, become less attractive. There are also some major maintenance expenses. Pretty good value proposition, right now.
BUY
Keyera Facilities have a number of gas plants in the Alberta region. Very well positioned in the market for the supply coming into these plants. It is a well run company. They are focused on the mid-stream of oil and gas spectrum. She believes it is a great place to be. Used to own, but had too much exposure to the mid-stream in their portfolio.
BUY
Not a direct play on oil/gas but you are a beneficiary from all the activity in Alberta.
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