- Keyera’s basic earnings per share (EPS) for the third quarter was C$0.81, significantly higher than both the previous year’s C$0.34 and the estimated C$0.60.
- Adjusted EBITDA stood at C$322.2 million, reflecting a 12% increase compared to the previous year and surpassing the estimate of C$309.3 million.
- Distributable cash flow reached C$195.1 million, an improvement of 4.7% year-over-year, and also exceeded the estimate of C$164.6 million.
- Cash flow from operations was C$278.5 million, marking a 41% rise year-over-year and surpassing the expected C$240.3 million.
- Capital expenditure decreased by 6.6% from the previous year to C$81.9 million, yet was slightly below the estimated C$83.7 million.
- Growth capital expenditures dropped 38% year-over-year to C$30.2 million, but exceeded the estimated C$19.1 million.
- Maintenance capital expenditures increased by 33% year-over-year to C$51.7 million, although it was below the estimation of C$62.8 million.
- Analysts’ recommendations include 6 buys, 6 holds, and 1 sell for Keyera.
A look at Keyera Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analyzing Keyera Corp‘s Smartkarma Smart Scores, the company exhibits a positive long-term outlook. With strong scores in Dividend, Growth, and Momentum, Keyera Corp demonstrates robust financial health and growth potential. Its reliable dividend payment history suggests stability and attractiveness for income-seeking investors.
Despite a lower score in Resilience, Keyera Corp‘s overall outlook seems promising, especially in the current market conditions. As an independent midstream company operating in western Canada, Keyera Corp provides essential services to the oil and gas industry, positioning itself for potential long-term success in the energy sector.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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