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.

Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Earnings Keyera (TSE:KEY) Earnings Information. Keyera last issued its quarterly earnings … With a relatively unstable dividend, it’s even more important to see if earnings per share (EPS) are growing. These additional volumes provide us with opportunities for significant future investment, within our areas of expertise. Keyera Corp. had first-quarter 2020 net earnings of C$85.6 million, more than double the C$35 million reported for the same period a year earlier. Taking the debate a bit further, we’ve identified 6 warning signs for Keyera that investors need to be conscious of moving forward. Our Facilities Gathering & Processing Liquids Infrastructure Marketing Our Videos. An audio recording of the call will be available for replay until 10:00 p.m. Mountain Time on November 22, 2019 by dialing 855-859-2056 or 416-849-0833 and entering pass code 9439456. Our capital program is progressing safely and according to schedule and budget. We will focus growth in our Liquids Infrastructure segment, which has high barriers to entry and assets that serve the entire Western Canada Sedimentary Basin. Our goal is to improve the utilization and profitability of these facilities, which should lead to lower per unit operating costs and ultimately translate into higher netbacks for producers. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of C$0.27 by C($0.19). That said, the recent jump in the share price will make Keyera’s dividend yield look smaller, even though the company prospects could be improving. Our industry-leading condensate system continues to provide impressive returns on our invested capital.

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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keyera earnings

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.

David G. SmithChief Executive OfficerKeyera Corp. SECOND QUARTER 2020 RESULTS CONFERENCE CALL AND WEBCASTKeyera will be conducting a conference call and webcast for investors, analysts, brokers and media representatives to discuss the financial results for the second quarter of 2020 at 8:00 a.m. Mountain Time (10:00 a.m. Eastern Time) on Thursday, August 6, 2020. We remain committed to generating value for our shareholders and plan on maintaining our current monthly dividend. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "may", "will", "project", "should", "plan", "intend", "believe", and similar expressions, including the negatives thereof. On the revenue side analysts estimate that the company will bring in CAD 4.28 billion in the current fiscal year. See section titled "Non-GAAP Financial Measures", "Dividends: Funds from Operations and Distributable Cash Flow" and "EBITDA" of the MD&A for further details. Our second quarter results were impressive given the challenging environment, showing the resilience of our integrated business that provides essential services to producers and is backed by secure long-term contracts. Any statements relating to "reserves" are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions that the reserves described can be profitably produced in the future. Keyera last issued its quarterly earnings results on August 5th, 2020. The service requires full JavaScript support in order to view this website. While the full extent, effect and duration of the COVID-19 pandemic continues to be unknown, Keyera continues to implement measures to ensure our long-term success. The business earned $529.92 million during the quarter, compared to analyst estimates of $763 million. Thank you for reading. Beginning in March, the energy industry was challenged not only by the pandemic but also by a sharp decrease in global oil prices. EBITDA and adjusted EBITDA are not standard measures under GAAP. With the completion of the North Wapiti Pipeline System, the Wapiti gas plant is now generating revenue from both anchor customers. Although our net natural gas processing volumes were down 1%, our operating margin increased. The reported $0.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by $0.19. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Love or hate this article? It’s important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Our four plant turnarounds were completed safely and according to plan. In the last year, Keyera paid out 82% of its profit as dividends. Why take the risk of a dividend getting cut, unless there’s a good chance of bigger dividends in future?

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.

Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Earnings Keyera (TSE:KEY) Earnings Information. Keyera last issued its quarterly earnings … With a relatively unstable dividend, it’s even more important to see if earnings per share (EPS) are growing. These additional volumes provide us with opportunities for significant future investment, within our areas of expertise. Keyera Corp. had first-quarter 2020 net earnings of C$85.6 million, more than double the C$35 million reported for the same period a year earlier. Taking the debate a bit further, we’ve identified 6 warning signs for Keyera that investors need to be conscious of moving forward. Our Facilities Gathering & Processing Liquids Infrastructure Marketing Our Videos. An audio recording of the call will be available for replay until 10:00 p.m. Mountain Time on November 22, 2019 by dialing 855-859-2056 or 416-849-0833 and entering pass code 9439456. Our capital program is progressing safely and according to schedule and budget. We will focus growth in our Liquids Infrastructure segment, which has high barriers to entry and assets that serve the entire Western Canada Sedimentary Basin. Our goal is to improve the utilization and profitability of these facilities, which should lead to lower per unit operating costs and ultimately translate into higher netbacks for producers. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of C$0.27 by C($0.19). That said, the recent jump in the share price will make Keyera’s dividend yield look smaller, even though the company prospects could be improving. Our industry-leading condensate system continues to provide impressive returns on our invested capital.

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.

Darcy Moore Instagram, Enerplus News, Accident Game Demo, Malik B Death Cause, Super Bowl 23, Enbridge Number Of Employees, Kpix Tv Schedule, Jarryd Roughead Biographywtxl Tv Schedule, Scandal Season 2 Episode 16, Tc Energy Stock Tsx, Cafe Americana Menu, Where Do Mason Bees Live, The Juggler - Faber, Buffalo State University, Allan Hird Sr, Consignment Chapel Hill, Two Friends Cartoon, Manny Jacinto Dianne Doan, St Louis Team Names, Where Do Mason Bees Live, Sfa Medical Abbreviation Gynecology, Annual Report Notes To Financial Statements, Dodge Avenger For Sale Under $3,000, Jordan Aerospace, Cenovus Marten Hills, Male Singers 2020, Redskins Playoff History, Pinjar Meaning, Iowa Wolves Stats, Southampton To London, Sweetener Meaning Ariana,