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StockVS

TSX · Oil & Gas Midstream · CAD

Keyera Corp. (KEY.TO) Stock Analysis

Keyera Corp. (KEY.TO) is a Oil & Gas Midstream stock listed on TSX and quoted in Canadian Dollar.

Last Updated: October 21, 2026

KEY.TO

CA$55.58

+CA$0.15 (+0.27%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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KEY.TO Key Statistics

As of Oct 21, 2026
Trading
Open
CA$55.18
Previous Close
CA$55.43
Day's Range
55.18–55.77
52-Week Range
40.09–61.41
Volume
649.14K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.91
Valuation
P/E Ratio
36.57
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
19.12
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
1.89
EPS (ttm)Profit attributable to each share over the last twelve months.
1.52
Financials (FY)
Revenue (FY)
CA$6.85B−3.98%
Net Income (FY)
CA$432.34M−11.16%
Profit marginThe share of revenue left as profit after all costs and taxes.
5.03%
1-Year Return
+34.43%
Dividend and dates
Dividend
CA$2.25+4.06%
Ex-Dividend Date
September 15, 2026
Earnings Date
November 13, 2026
Avg Volume
1.33M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, KEY.TO closed at CA$55.58, +34.43% over 1 year.

In fiscal 2025, KEY.TO reported revenue of CA$6.85B.

KEY.TO Stock Return by Calendar Year

Keyera Corp. (KEY.TO) 10-year return: what CA$10,000 became

1 year
CA$10,000 CA$13,443
+34.43%
5 years
CA$10,000 CA$22,444
+124.44%
10 years
CA$10,000 CA$23,120
+131.20%

If you had invested CA$10,000 in Keyera Corp. (KEY.TO) 10 years ago, at the close on October 21, 2016, it would have been worth CA$23,120 at the close on October 21, 2026: +131.20% in total, +8.74% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+28.77%
2025+5.09%
2024+44.62%
2023+15.15%
2022+10.48%
2021+34.75%
2020−27.27%
2019+39.64%
2018−23.29%
2017−8.60%
2016 (partial year)−0.66%

As of October 21, 2026.

KEY.TO Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025CA$6.85BCA$432.34M6.3%
2024CA$7.14BCA$486.63M6.8%
2023CA$7.05BCA$424.03M6.0%
2022CA$7.06BCA$328.29M4.6%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025CA$6.85BCA$1.01BCA$833.76MCA$432.34M6.3%
2024CA$7.14BCA$1.03BCA$853.62MCA$486.63M6.8%
2023CA$7.05BCA$1.11BCA$953.02MCA$424.03M6.0%
2022CA$7.06BCA$917.52MCA$801.39MCA$328.29M4.6%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

KEY.TO Dividend History

CA$2.12+3.9% vs 2024

Dividends per share, 2025 · 4 payments

YearDividends per sharePaymentsChange
2026*CA$1.643—
2025CA$2.124+3.9%
2024CA$2.044+4.1%
2023CA$1.966+2.1%
YearDividends per sharePaymentsChange
2026 (partial year)CA$1.643—
2025CA$2.124+3.9%
2024CA$2.044+4.1%
2023CA$1.966+2.1%
2022CA$1.9212+0.0%
2021CA$1.9212+0.0%
2020CA$1.9212+3.8%
2019CA$1.8512+6.9%
2018CA$1.7312+4.7%
2017CA$1.6512+521.1%
2016CA$0.272—

Most recent payment: CA$0.55 per share, ex-dividend September 15, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

KEY.TO Valuation vs Oil & Gas Midstream Median

Median of 63 stocks
MetricKEY.TOOil & Gas Midstream medianvs median
P/E36.5714.11159% above
Profit margin5.03%22.05%17.0 pts below

Medians across 63 Oil & Gas Midstream stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Analysis

Data-derived

Company Overview

Keyera Corp. trades under the ticker KEY.TO. The company sits in the Energy sector, in the Oil & Gas Midstream industry.

KEY.TO last closed at CA$55.58 on October 21, 2026. That is +CA$0.15 (+0.27%) against the previous close. The 52-week range on file runs from CA$40.09 to CA$61.41. The latest close sits 38.64% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to CA$6.85B. Against the prior fiscal year total of CA$7.14B, that is a change of −3.98%. The same year closed with net income of CA$432.34M. That is −11.16% against the prior fiscal year. The reported profit margin is 5.03%. That is 17 percentage points below the Oil & Gas Midstream median of 22.05%. Trailing earnings per share are 1.52.

Across the 4 fiscal years on file, revenue moves from CA$7.06B in 2022 to CA$6.85B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

KEY.TO trades at a trailing price-to-earnings ratio of 36.57. That is 159.18% above the Oil & Gas Midstream median of 14.11. On forward earnings the ratio is 19.12. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.89. 63 Oil & Gas Midstream companies report these metrics, and the medians quoted come from that group.

Beta against the wider market is reported at 0.91. Daily returns over the trailing 10 years annualize to a volatility of 30.23%. The trailing one-year total return is +34.43%. Across 10 years the annualized return works out at +8.74%.

Growth & Income

Shareholders receive a dividend, yielding 4.06% on the latest price. That is 1.4 percentage points below the Oil & Gas Midstream median yield of 5.41%. At the indicated rate that is CA$2.25 a share a year. The ex-dividend date on file is September 15, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling CA$1.64 a share. The year before, 2025, totalled CA$2.12 a share.

2026 is still running; the total return is +28.77% year to date. The strongest complete calendar year on file is 2024 at +44.62%; the weakest is 2020 at −27.27%. Of the 9 complete calendar years on file, 6 finished higher.

Peer Comparison

Keyera Corp. (KEY.TO) operates in the Oil & Gas Midstream industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Keyera Corp. KEY.TO — 36.6
Enbridge Inc. ENB $107.01B 25.7
The Williams Companies, Inc. WMB $89.05B 29.0
Enterprise Products Partners L.P. EPD $79.02B 12.7

The Oil & Gas Midstream industry average P/E ratio is 14.1x. Keyera Corp. trades at a P/E of 36.6.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Keyera Corp.

Keyera Corp. together with its subsidiaries, engages in the gathering and processing of natural gas; and the transportation, storage, and marketing of natural gas liquids and iso-octane in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment owns and operates raw gas gathering pipelines and processing plants, which collects and process raw natural gas, remove waste products, and separate economic components, primarily natural gas liquids; and provides gas handling services and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization. The Liquids Infrastructure segment owns and operates a network of facilities, including underground NGL storage caverns, above-ground storage tanks, NGL fractionation facilities, NGL, and condensate pipelines, as well as rail and truck terminals for the processing, fractionation, storage and transportation of the by-products of natural gas processing, including NGLs such as ethane, propane, butane and condensate; and engages in the liquids blending activities. The Marketing segment offers propane, butane, condensate, and iso-octane, as well as natural gas and crude oil. The company was formerly known as Keyera Facilities Income Fund and changed its name to Keyera Corp. in January 2011. Keyera Corp. was founded in 1998 and is headquartered in Calgary, Canada.

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