Earnings
September 16, 2018 - KEG.UN
The Keg Royalties Income Fund - Q2-2018 Earnings .....
September 15, 2018 - BPF.UN
Boston Pizza Royalties Income Fund -Q2-2018 Earnings Update .....
September 14, 2018 - SPB
Superior Plus Corp - Q2-2018 Earnings & Price Target Update .....
September 13, 2018 - TRP
TransCanada Corp. Q2-2018 Earnings Update .....
September 12, 2018 - HR.UN
H&R REIT Q2-2018 Earnings Update .....
September 9, 2018 - FTS
Fortis Inc. Q2-2018 Earnings - Price Target Update .....
September 8, 2018 - EMA
Emera Inc. Q2-2018 Earnings & Price Target Update .....
September 7, 2018 - WIR.U
WPT Industrial REIT - Q2-2018 Earnings & Price Target Update .....
Recommendation Changes
AX.UN, DIR.UN, EXE, DR, INE, more...

Keyera Corp - Q1-2018 Earnings & Price Trend Update

This is only a sample of the article, please login to view the entire article

Keyera operates one of the largest natural gas midstream businesses in Canada with total assets of $6B with capital spending of $900M to $1B range for 2018. Keyera is growing mainly from internally sourced capital development projects, not acquisitions. Assets include regional gathering pipelines and natural gas processing facilities that extract natural gas liquids from natural gas and a marketing division that purchases and sells NGLs including the production from Keyera. Growth strategies have added petroleum liquid products including condensate sold to oil sands producers, the addition of iso-octane processing used in gasoline production and expansion of NGL processing capacity. Revenues are reported in two segments; Natural Gas Gathering and Processing, NGL Infrastructure which also includes Marketing. The natural gas gathering and processing segments is primarily fee based; marketing involves taking ownership of inventory. The Gathering and Processing, NGL Infrastructure, and Marketing each contribute approximately one third of operating profit margins.

Gathering & Processing

Keyera currently has interests in 17 active gas plants in western Canada and is operator of 15 of these facilities, making it one of the largest natural gas processors in Alberta. The Gathering and Processing segment includes raw gas gathering systems and processing plants strategically located in the natural gas production areas on the western side of the Western Canada Sedimentary Basin. Several of the gas plants are interconnected by raw gas gathering pipelines, allowing raw gas to be directed to the gas plant best suited to process the gas. Keyera's facilities and gathering systems collectively constitute a network that is well positioned to serve drilling and production activity in the WCSB.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
September 14, 2018
New! Coverage Universe - Weekly Price Changes Sept 7-14, 2018
September 7, 2018
Coverage Universe - Weekly Price Changes Sept 1-7, 2018
September 6, 2018
Aecon Group Inc. - New Convertible Debenture
September 6, 2018
Bank of Montreal 4.85% Rate Reset Preferred Shares New Issue
September 5, 2018
Brookfield Infrastructure Partners LP - 5.1% Minimum Rate Preferred Units New Issue
September 4, 2018
TD Bank 4.75% Rate Reset Preferred Share New Issue
August 31, 2018
Coverage Universe - Weekly Price Changes Aug 24-31, 2018
August 24, 2018
Coverage Universe - Weekly Price Changes Aug 17-24, 2018