Keyera Corp

KEY: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Keyera Earnings: Commodity Pricing Drags on Realized Margin, but Shares Remain Fairly Valued

Joshua Aguilar , Abby Weimer

Aug 7, 2025

Keyera reported second-quarter adjusted EBITDA of CAD 252 million, down 23% from CAD 326 million in the same period last year. The gathering and processing and liquids infrastructure segments saw high-single-digit realized margin increases in the quarter, but marketing more than offset them.

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Keyera Corp

Keyera Earnings: Commodity Pricing Drags on Realized Margin, but Shares Remain Fairly Valued

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