These forward-looking statements relate to future events or Keyera's future performance. It’s good to see Keyera has been growing its earnings per share at 10% a year over the past five years. As our system has the most condensate supply and delivery options, as well as significant cavern storage, the system handles the majority of condensate transported to the oil sands. Keyera currently has a significant capital program underway that extends secured growth out to 2022. We are committed to reducing our environmental footprint and creating environmentally superior energy solutions for the future. Callers may participate by dialing 888-231-8191 or 647-427-7450.
During the quarter, we continued to advance our optimization plan. As a result, Keyera generated an operating margin of $69 million in the Gathering and Processing segment, similar to the same period last year. We also measure dividends paid against a company’s levered free cash flow, to see if enough cash was generated to cover the dividend. Home / News and Events / News Releases / 2020 / Keyera Announces 2020 Second Quarter Results. It’s paying out most of its earnings, which limits the amount that can be reinvested in the business. On behalf of Keyera's board of directors and management team, I would like to thank our employees, customers, shareholders and other stakeholders for their continued support. Export data to Excel for your own analysis.
We’d also point out that Keyera issued a meaningful number of new shares in the past year. The Gathering and Processing segment delivered steady results in the second quarter despite the low commodity price environment. Over the past few years we have been focused on building our footprint in northwestern Alberta to support the liquids-rich Montney and Duvernay developments, and we are seeing the benefits of these investments. Stock quotes by finanzen.net.
Further, some of the projects discussed are subject to securing sufficient producer/customer interest and may not proceed if sufficient commitments are not obtained.
Get short term trading ideas from the MarketBeat Idea Engine. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Start Your Risk-Free Trial Subscription Here, PetMed Express (NASDAQ:PETS) Is A High-Yield Value For Income Investors, Hasbro (NASDAQ:HAS) Reports Earnings, It’s Time To Go Toy Shopping. Keyera has generated C$1.32 earnings per share over the last year and currently has a price-to-earnings ratio of 14.9. Simply Wall St has no position in any stocks mentioned. Learn more. All forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events, levels of activity and achievements to differ materially from those anticipated in the forward-looking statements. During the quarter, the Simonette gas plant expansion and the North Wapiti Pipeline System ("NWPS") were completed.
Please enable cookies on your browser and try again. See the section titled, "Dividends: Funds from Operations and Distributable Cash Flow", for a reconciliation of funds from operations and distributable cash flow to the most closely related GAAP measure. It’s not that we think it is a bad company – just that there are likely more appealing dividend prospects out there on this analysis. See section titled "Non-GAAP Financial Measures", "Dividends: Funds from Operations and Distributable Cash Flow" and "EBITDA" of the MD&A for further details. The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. ABOUT KEYERA CORP.Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions.
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