TSE:KEY

Keyera Corp (KEY.TO)

54.76
+0.22 (0.40%)
as of Sep 14, 2026, 8:00:01 pm Market Open.
552 watching
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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
STRONG BUY
Market's uncertain of the outlook for its pipeline. On time? On budget? Excellent asset base. Outlook for nat gas is very supportive. Boost to the balance sheet. Possible takeover target. 10.1x free cashflow yield, nice free cashflow per share growth. Likes it a lot, paid nicely to wait. You can buy today.
WEAK BUY
He likes that they deal in energy infrastructure in the west. He prefers another name in this sector, but there's nothing wrong with KEY. It has a decent chance of being acquired. There's a lot of consolidation in this space.
BUY
Sell oil stocks to buy pipelines? The good thing about midstream companies is that they're not as effected by the price of oil and gas moving up and down, so they're much volatile. He's holding KEY long-term. They process natural gas. KEY has some commodity exposure to nat gas, but not much. They pay a growing dividend. They have a major project underway, but these costs have risen with inflation. Good managers.
TOP PICK
Key Access Pipeline will go OK. Marketing division has been on fire. Good balance sheet. Trades at reasonable 16.7x PE, with free cashflow per share growth profile of 11%. Likes the dividend and security of growth profile. Yield is 6%. (Analysts’ price target is $35.93)
TOP PICK
6% dividend that is consistent and safe presenting opportunity for investors. Recent pipeline construction scheduled for completion on time. Strong financial metrics with reasonable trading multiple.
BUY
It is a natural gas producer in Alberta which has a much improved oil and gas industry. It is attractively priced along with Pembina. If looking for a smaller company in the oil and gas field Keyera is good.
HOLD
Lacklustre performance. More likely to be acquired because it's small. If you own it, he doesn't have a problem with it. There are names he likes better. See his Top Picks.
COMMENT
Suncor vs. Keyera Very different companies. SU is huge, vertically integrated. KEY is a midstream that processes and distributes nat gas. Keyera is paid by the volume they produce, so it's a steady business. But SU relies on the price of oil, which is high now, but was low 24 months ago. SU also has refinery operations and retail, so there are revenues there too, and slightly less dependent on crude oil prices. Do you have the highs and lows of Suncor or the steadiness of Keyera?
BUY

A good income name to own. If energy prices remain this high, it will benefit all Canadian midstream operators.

WAIT
One of the better positioned mid-stream companies. Robust growth profile. Likes the business, large beat on results. He's owned it off and on, but better opportunities elsewhere. Once concern is competition from PPL-KKR joint venture.
HOLD
Instead of ENB, prefers KEY in the pipeline space. It's smaller with an easier business model.
COMMENT
Yield pretty secure at over 7%.. Has paid down debt and good re-structuring has been done during the downturn. Things have turned around in Alberta and this looks good to last. Stick with it.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Trading at 16x earnings with a 6.6% dividend. A nat gas company with good cash flow. Although debt is fairly high and growth has not been good, cash flow is stable and the company has been profitable. Don’t expect huge gains, but good for income. Unlock Premium - Try 5i Free

BUY
Owns company and has held for a long time. Believes excellent management, key infrastructure, strong balance sheet and disciplined capital spending. Dividend yield is very compelling (6.5%). Operating in key areas. Will continue to hold.
COMMENT
Well-run and the dividend should be safe, but she owns Pembina instead. She owns pipelines, not oil producers.
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