Keyera Corp

KEY: XTSE (CAN)

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Keyera: We Raise Fair Value Estimate by 5% Following Plans to Purchase Plains' Canadian NGL Assets

Joshua Aguilar

Jun 26, 2025

In mid-June, Keyera announced it was acquiring Plains' Canadian NGL business in an all-cash deal valued at $5.15 billion. The purchase price represents 7.8 times to expected 2025 adjusted EBITDA, or 6.8 times when including Keyera's anticipated near-term cost savings.

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Keyera Corp

Keyera: We Raise Fair Value Estimate by 5% Following Plans to Purchase Plains' Canadian NGL Assets

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