Keyera Corp. (KEYUF) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
P/E 38.84 means the share price is 38.84 times one year of earnings per share; the S&P 500 usually sits near 20-25. Market cap $9.12B is the value of all shares combined. Beta 0.91: the stock has moved about 9% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 16, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerKeyera Corp. (KEYUF) trades at $39.78. Keyera Corp. is a Canadian energy infrastructure company focused on gathering, processing, and marketing natural gas and natural gas liquids (NGLs). Market cap: $9.12B, Sector: Energy.
Price as of Sep 11, 2026 · Last analyzed: Mar 16, 2026Analyst Coverage for KEYUF: KEYUF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates KEYUF against Energy peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
These figures come from statements filed 12 months ago — the most recent this company has published.
KEYUF: the 2 scored disciplines are evenly split. Dominant signal: Ray Dalio bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Keyera Corp. (KEYUF) Energy Operations & Outlook
Keyera Corp. is a key player in the Canadian energy midstream sector, providing essential gathering, processing, and marketing services for natural gas and NGLs. With a focus on Alberta's energy resources, Keyera operates extensive infrastructure, contributing to the efficient transportation and distribution of energy products.
What Is the Investment Thesis for KEYUF?
The company's integrated infrastructure network and diverse service offerings provide a stable revenue stream, supported by long-term contracts and strong relationships with producers. Keyera's Liquids Infrastructure segment, in particular, offers significant growth potential due to increasing demand for NGLs. The company's dividend yield of 3.97% provides an attractive income stream for investors. However, potential risks include fluctuations in commodity prices and regulatory changes. Keyera's ability to execute its growth projects and maintain operational efficiency will be critical to its long-term success. The company's P/E ratio of 38.84 suggests a premium valuation, reflecting investor confidence in its future prospects. Continued focus on operational excellence and strategic investments should drive shareholder value.
Based on FMP financials and quantitative analysis
KEYUF Key Highlights
Market capitalization of $9.12B, reflecting its significant presence in the Canadian energy infrastructure sector.
- Dividend yield of 3.97%, offering an attractive income stream for investors.
- Gross margin of 16.9%, indicating the company's ability to generate profit from its operations.
- Beta of 0.91, suggesting lower volatility compared to the overall market.
- Operates approximately 4,400 kilometers of gathering pipelines, showcasing its extensive infrastructure network.
Who Are KEYUF's Competitors?
KEYUF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| DCCPF DCC plc | $85.87 | 0.00% | $7.34B | — |
| DKDRF NewMed Energy - Limited Partnership | $5.25 | -8.85% | $6.16B | — |
| GZPZY Gaztransport & Technigaz S.A. | $50.43 | -0.42% | $9.35B | — |
| KLYCY Kunlun Energy Company Limited | $9.57 | -6.27% | $8.27B | — |
| HESM Hess Midstream LP | $40.20 | -0.91% | $8.31B | 765-pillar |
| AM Antero Midstream Corporation | $22.16 | -0.49% | $10.5B | 675-pillar |
| FRO Frontline Ltd. | $48.40 | +2.52% | $10.8B | 985-pillar |
| SOBO South Bow Corporation | $36.39 | -2.32% | $7.59B | 545-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are KEYUF's Key Strengths?
Extensive infrastructure network in key energy producing regions.
- Integrated operations providing synergies and efficiencies.
- Long-term contracts with producers ensuring stable cash flows.
- Experienced management team with a proven track record.
What Are KEYUF's Weaknesses?
Exposure to commodity price fluctuations.
- Dependence on the Western Canadian Sedimentary Basin.
- Regulatory and environmental risks.
- High capital expenditure requirements.
What Could Drive KEYUF Stock Higher?
Expansion of liquids infrastructure projects, increasing capacity for NGL processing and storage.
- Strategic acquisitions of complementary assets, enhancing Keyera's integrated value chain.
- Increased marketing activities, capturing a larger share of the NGL market.
- Potential regulatory changes supporting energy infrastructure development in Canada.
- Investment in sustainability initiatives, improving environmental performance and attracting ESG-focused investors.
What Are the Key Risks for KEYUF?
Financial-distress signal — its Altman Z-Score of 1.12 sits in the distress zone (elevated bankruptcy risk).
- Rich valuation — a P/E of 38.84 runs well above the Energy sector’s ~15.80x, leaving little room for a miss.
- Fluctuations in commodity prices, impacting revenue and profitability.
- Regulatory and environmental risks, including potential changes in government policies.
- Increased competition from other midstream operators, eroding market share.
- Economic downturn affecting energy demand, reducing throughput volumes.
- Operational risks, including pipeline leaks and processing plant disruptions.
What Are the Growth Opportunities for KEYUF?
- Expansion of Liquids Infrastructure: Keyera can expand its liquids infrastructure to capitalize on growing NGL demand. This includes increasing storage capacity, expanding pipeline networks, and developing new fractionation facilities. The global NGL market is projected to reach $250 billion by 2028, presenting a significant opportunity for Keyera. Timeline: Ongoing, with incremental expansions planned over the next 3-5 years. Competitive advantage: Keyera's existing infrastructure and strategic locations provide a strong foundation for expansion.
- Strategic Acquisitions: Keyera can pursue strategic acquisitions to expand its geographic footprint and service offerings. Acquiring complementary assets can enhance Keyera's integrated value chain and create synergies. The midstream sector is consolidating, presenting opportunities for Keyera to acquire smaller players. Timeline: Opportunistic, with potential acquisitions in the next 2-3 years. Competitive advantage: Keyera's strong balance sheet and access to capital provide a competitive advantage in pursuing acquisitions.
- Increased Marketing Activities: Keyera can increase its marketing activities to capture a larger share of the NGL market. This includes expanding its customer base, developing new marketing channels, and optimizing its product mix. The global NGL market is highly competitive, but Keyera's integrated operations provide a competitive advantage. Timeline: Ongoing, with incremental increases in marketing activities planned over the next 1-2 years. Competitive advantage: Keyera's access to NGL supply and its established relationships with producers provide a strong foundation for marketing activities.
- Technological Innovation: Keyera can invest in technological innovation to improve operational efficiency and reduce costs. This includes implementing advanced automation systems, optimizing pipeline operations, and developing new processing technologies. The energy industry is increasingly adopting digital technologies, presenting opportunities for Keyera to improve its competitiveness. Timeline: Ongoing, with incremental investments in technology planned over the next 3-5 years. Competitive advantage: Keyera's commitment to innovation and its access to technical expertise provide a competitive advantage.
- Sustainability Initiatives: Keyera can invest in sustainability initiatives to reduce its environmental footprint and enhance its reputation. This includes reducing greenhouse gas emissions, improving water management, and promoting energy efficiency. The energy industry is facing increasing pressure to reduce its environmental impact, presenting opportunities for Keyera to differentiate itself. Timeline: Ongoing, with incremental investments in sustainability planned over the next 3-5 years. Competitive advantage: Keyera's commitment to sustainability and its access to environmental expertise provide a competitive advantage.
What Are KEYUF's Competitive Advantages?
- Extensive infrastructure network: Keyera's network of pipelines, processing plants, and storage facilities creates a significant barrier to entry for competitors.
- Strategic locations: Keyera's assets are located in key energy producing regions, providing a competitive advantage.
- Long-term contracts: Keyera's long-term contracts with producers provide stable cash flows and reduce risk.
- Integrated operations: Keyera's integrated operations provide synergies and efficiencies, enhancing its competitiveness.
What Does KEYUF Do?
Founded in 2003 and headquartered in Calgary, Canada, Keyera Corp. has evolved into a significant energy infrastructure company. Originally known as Keyera Facilities Income Fund, the company transitioned to Keyera Corp. in 2011. Keyera operates through three main segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment focuses on collecting and processing raw natural gas, removing impurities, and separating valuable components like NGLs. This segment boasts approximately 4,400 kilometers of gathering pipelines and interests in 12 active gas plants in Alberta. The Liquids Infrastructure segment provides a comprehensive suite of services, including gathering, processing, fractionation, storage, transportation, liquids blending, and terminalling for NGLs and crude oil. Their network includes underground NGL storage caverns, above-ground storage tanks, fractionation and de-ethanization facilities, pipelines, rail and truck terminals, and the Alberta EnviroFuels facility, which produces iso-octane. The Marketing segment is involved in the marketing of propane, butane, condensate, and iso-octane, as well as liquids blending activities. Keyera's integrated operations and strategic asset base position it as a crucial link between producers and end-markets in the Canadian energy landscape.
What Products and Services Does KEYUF Offer?
- Gathers and processes raw natural gas.
- Removes waste products from natural gas.
- Separates economic components from natural gas, primarily NGLs.
- Provides condensate handling services.
- Provides gathering, processing, fractionation, storage, and transportation services for NGLs and crude oil.
- Markets propane, butane, condensate, and iso-octane.
- Engages in liquids blending activities.
How Does KEYUF Make Money?
- Generates revenue through fees for gathering, processing, and transporting natural gas and NGLs.
- Earns revenue from the sale of NGLs and other products.
- Profits from liquids blending activities.
- Operates under long-term contracts with producers, providing stable cash flows.
What Industry Does KEYUF Operate In?
Keyera Corp. operates within the energy midstream sector, which plays a vital role in connecting energy producers with end-markets. The industry is characterized by large infrastructure assets, long-term contracts, and stable cash flows. Keyera's operations are primarily focused on the Western Canadian Sedimentary Basin, a region rich in natural gas and NGLs. The company competes with other midstream operators, including DCCPF (DCC plc), DCCPY (DCC plc), DKDRF (Delek Group), GZPZY (Gazprom), and KLYCY (Klepierre). The demand for NGLs is expected to grow in the coming years, driven by increasing petrochemical production and exports. Keyera is well-positioned to capitalize on this trend, given its extensive infrastructure and strategic asset base.
Who Are KEYUF's Key Customers?
- Natural gas producers in the Western Canadian Sedimentary Basin.
- Refineries and petrochemical plants that use NGLs as feedstock.
- Wholesale distributors of propane, butane, and other refined products.
- Industrial customers who use iso-octane.
Research confidence
Enough evidence to be useful, with gaps worth knowing about.
- ● Scoring coverage unknown
- ● Price is current
- ● Latest filing 73 days ago
- ● No analyst coverage
- ● Reported in CAD, converted to USD
MoonshotScore History
Recorded daily since 2026-08-23 · 19 snapshots
| 2026-08-23 | 45 |
| 2026-08-26 | 45 |
| 2026-08-29 | 45 |
| 2026-09-01 | 45 |
| 2026-09-04 | 45 |
| 2026-09-07 | 45 |
| 2026-09-10 | 45 |
What changed?
The score has stayed at 45.
Over the same 18 days the stock moved -3.5%.
Earnings Track Record
Keyera Corp. has beaten Wall Street's EPS estimate in 4 of its last 8 reported quarters — more hits than misses. Reported results have landed about 19.4% below estimates on average.
Financial Health
Keyera Corp.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 1.12 places it in the distress zone, a signal of elevated financial risk.
Key Financial Metrics
Return on equity for Keyera Corp. stands at 6.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.4%, showing how much profit it generates from its asset base. KEYUF trades at a trailing price-to-earnings ratio of 38.84, above the Energy sector average of ~15.80x. Its free cash flow yield is 4.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.60 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 1.4%, the inverse of the P/E and a quick read on earnings relative to price.
Keyera Corp. (KEYUF) Valuation Context
Valued at $9.12B, KEYUF is classified as a mid-cap stock.
KEYUF Revenue & Earnings Trend
In Q2 FY2026, KEYUF generated $1.61B in top-line revenue, marking a sequential increase of 45.5%. The company recorded net income of $222.1M, with diluted EPS of $0.86. Quarter-over-quarter revenue has been mixed, typical for a mid-cap company operating in Energy. Across the four most recent quarters, KEYUF averaged $0.26 in diluted EPS.
Company Profile
Keyera Corp. operates in the Oil & Gas Midstream industry within the Energy sector. It is headquartered in Calgary, CA. The company is led by CEO C. Dean Setoguchi. KEYUF has traded publicly since 2005.
KEYUF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Extensive infrastructure network in key energy producing regions.
- Integrated operations providing synergies and efficiencies.
- Long-term contracts with producers ensuring stable cash flows.
- Experienced management team with a proven track record.
Bear Case
- Exposure to commodity price fluctuations.
- Dependence on the Western Canadian Sedimentary Basin.
- Regulatory and environmental risks.
- High capital expenditure requirements.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
Recent Quarterly Results
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q2 FY2026 | $1.61B | $222M | $0.86 |
| Q1 FY2026 | $1.11B | -$88M | -$0.38 |
| Q4 FY2025 | $1.22B | $65M | $0.28 |
| Q3 FY2025 | $1.29B | $61M | $0.27 |
Q2 FY2026 · filed 30 Jun 2026 · Financial Modeling Prep
Based on FMP financials and quantitative analysis · Converted to USD from CAD at today's rate
KEYUF Latest News
-
Keyera Q2 Earnings Call Highlights
marketbeat.com · Aug 9, 2026
-
Keyera: Becoming Canada's NGL Clearinghouse
seekingalpha.com · Aug 8, 2026
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Stocks That Hit 52-Week Highs On Tuesday
· Mar 24, 2020
KEYUF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for KEYUF.
Price Targets
Wall Street price target analysis for KEYUF.
KEYUF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for KEYUF; grades run from A+ (80-100) to F (below 30).
Leadership: C. Dean Setoguchi
CEO
C. Dean Setoguchi serves as the CEO of Keyera Corp., managing a workforce of 1005 employees. His career spans various leadership roles within the energy sector, providing him with extensive experience in operations, finance, and strategic planning. Prior to joining Keyera, Setoguchi held senior positions at other prominent energy companies, contributing to his deep understanding of the industry's dynamics and challenges. He possesses a strong educational background, equipping him with the analytical and decision-making skills necessary to lead a large organization.
Track Record: Under C. Dean Setoguchi's leadership, Keyera Corp. has focused on expanding its infrastructure network and strengthening its relationships with producers. Key milestones include strategic acquisitions and the successful completion of major expansion projects. Setoguchi has also emphasized operational efficiency and sustainability, driving improvements in Keyera's environmental performance. His tenure has been marked by a commitment to creating shareholder value through disciplined capital allocation and strategic growth initiatives.
KEYUF OTC Market Information
The OTC Other tier represents the lowest tier of over-the-counter (OTC) markets, indicating that Keyera Corp. (KEYUF) may have limited regulatory oversight and reporting requirements compared to companies listed on major exchanges like the NYSE or NASDAQ. Companies in this tier may not meet the minimum financial standards or disclosure requirements necessary for listing on a national exchange. This tier is often associated with higher risk due to the potential for less transparency and greater information asymmetry. Investors should exercise caution and conduct thorough due diligence before investing in OTC Other securities.
- OTC Tier: OTC Other
- Limited regulatory oversight and reporting requirements.
- Potential for less transparency and greater information asymmetry.
- Higher price volatility due to lower trading volumes.
- Risk of illiquidity, making it difficult to buy or sell shares quickly.
- Potential for fraud or manipulation due to less stringent listing standards.
- Verify the company's registration and regulatory filings.
- Obtain and review audited financial statements, if available.
- Assess the company's management team and their experience.
- Research the company's business model and competitive landscape.
- Evaluate the company's financial condition and prospects.
- Understand the risks associated with investing in OTC securities.
- Consult with a qualified financial advisor.
- Keyera Corp. is a well-established company with a long operating history.
- The company has a significant market capitalization, suggesting a substantial business.
- Keyera Corp. has a recognized brand and reputation in the energy industry.
- The company has a board of directors and an experienced management team.
- Keyera Corp. provides essential services to the energy industry.
Common Questions About KEYUF (Energy)
Is KEYUF a good stock?
Stock Expert AI does not rate KEYUF buy, sell or hold. Keyera Corp. has no MoonshotScore yet; read the financial checkup, analyst consensus and risks directly. Whether it fits is your call: check what it sells, whether it earns, what the price assumes, and what would prove you wrong.
What does Keyera Corp. do?
Keyera Corp. is a Canadian energy infrastructure company that operates in the midstream sector. It focuses on gathering, processing, and marketing natural gas and natural gas liquids (NGLs).
What are the key factors to evaluate for KEYUF?
Evaluate KEYUF on fundamentals, analyst consensus, and risk factors. P/E: 38.84x vs the S&P 500's ~20-25x. The company's dividend yield of 3.97% provides an attractive income stream for investors. Not financial advice.
How frequently does KEYUF data refresh on this page?
KEYUF's price was last updated on Sep 11, 2026 and refreshes on page view during U.S. market hours; the quote is a provider snapshot, not an exchange feed. Fundamentals follow quarterly filings. V2 calculations are scheduled daily at 10:15 UTC; the score's own date shows its last successful run.
What has driven KEYUF's recent stock price performance?
Keyera Corp. (KEYUF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Extensive infrastructure network in key energy producing regions. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider KEYUF overvalued or undervalued right now?
Keyera Corp. (KEYUF) trades at 38.84x earnings. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
Can I buy fractional shares of KEYUF?
Yes, most major brokerages offer fractional shares of Keyera Corp. (KEYUF) with no minimum purchase requirement. This means you can invest any dollar amount regardless of the share price. Check your brokerage platform for specific terms, fees, and fractional share availability.
How can I track KEYUF's earnings and financial reports?
Keyera Corp. (KEYUF) reports quarterly earnings approximately 4-6 weeks after each fiscal quarter ends. You can track earnings dates, revenue and EPS estimates, and actual results on this page's Financials tab. Earnings surprises (beats or misses) often cause significant short-term price moves. Your brokerage can send alerts for KEYUF earnings announcements.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
No publishable V2 score is available for this stock yet.
Data provided for informational purposes only.
- OTC data may have limited availability and accuracy.