14:43:54 EDT Wed 09 Jul 2025
Enter Symbol
or Name
USA
CA



Keyera Corp
Symbol KEY
Shares Issued 229,153,373
Close 2025-06-19 C$ 43.79
Market Cap C$ 10,034,626,204
Recent Sedar Documents

FP/wire say Keyera to buy Plains' Canadian gas assets

2025-06-19 08:49 ET - In the News

The Financial Post reports in its Thursday, June 19, edition that Keyera agreed to buy Plains All American Pipeline's Canadian natural gas liquids business and some U.S. assets for $5.15-billion in cash, significantly bulking up its pipeline system around the country. A Bloomberg dispatch to the Post reports that the assets include more than 2,400 kilometres of pipeline infrastructure with capacity of more than 575,000 barrels a day, the Calgary-based gas and NGL mid-stream company said in a statement. Keyera expects to generate $100-million in savings from the acquisition and boost distributable cash flow by a mid-teens percentage in the first year. The deal -- Keyera's largest ever -- will raise the company's enterprise value as much as 46 per cent to $19-billion when it closes in the first quarter of next year. Foreign companies have been exiting the Canadian energy industry or reducing their exposure by selling assets to local companies. The deal gives Keyera operations in both Eastern and Western Canada, including processing capacity, storage infrastructure, and truck and rail terminals. Income that had been going to the U.S. will now stay in Canada, said chief executive officer Curtis Setoguchi.

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