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Keyera Corp. ( (TSE:KEY) ) has provided an update.
Keyera Corp. has successfully closed its $2.3 billion senior notes and $500 million hybrid notes offerings, which will partially finance the acquisition of Plains Midstream Canada’s natural gas liquids business and select U.S. assets for $5.15 billion. This acquisition, expected to close in the first quarter of 2026, will significantly enhance Keyera’s market position in the NGL sector, contingent on regulatory approvals. The company is also engaging in a consent solicitation to amend the terms of its existing hybrid notes, ensuring equal ranking in payment rights with the new hybrid notes.
The most recent analyst rating on (TSE:KEY) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Keyera Corp. stock, see the TSE:KEY Stock Forecast page.
Spark’s Take on TSE:KEY Stock
According to Spark, TipRanks’ AI Analyst, TSE:KEY is a Outperform.
Keyera Corp. receives a strong overall score due to its solid financial performance and positive earnings call sentiment. The technical analysis supports a stable trend, while the valuation is reasonable with a good dividend yield. The company’s strategic growth initiatives and acquisitions are expected to drive future growth, outweighing current challenges in revenue and cash flow.
To see Spark’s full report on TSE:KEY stock, click here.
More about Keyera Corp.
Keyera Corp. operates in the energy sector, primarily focusing on natural gas processing, transportation, and marketing. The company is involved in the natural gas liquids (NGL) business and has a significant market presence in Canada, with select assets in the United States.
Average Trading Volume: 1,168,468
Technical Sentiment Signal: Buy
Current Market Cap: C$10.64B
See more insights into KEY stock on TipRanks’ Stock Analysis page.