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Keyera KEY.TO · CAD

Energy · Toronto Stock Exchange · 🇨🇦 Canada

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51.10

+0.81%

Close of 9 Nov 2026, in CAD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in CAD, from our data supplier.

FY2025

Revenue

C$6.85bn

FY2016FY2025

Net income

C$432.3m

FY2016FY2025

Free cash flow

C$492.0m

FY2016FY2025

Shareholders' equity

C$2.76bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueC$6.85bnC$7.14bnC$7.05bnC$7.06bnC$4.98bnC$3.01bnC$3.62bnC$4.47bnC$3.41bnC$2.50bn
Gross profitC$1.01bnC$1.39bnC$1.43bnC$1.18bnC$1.05bnC$940.5mC$1.00bnC$976.2mC$703.5mC$646.2m
Operating incomeC$833.8mC$840.5mC$941.3mC$790.1mC$937.6mC$866.6mC$898.1mC$876.3mC$622.3mC$567.4m
Net incomeC$432.3mC$486.6mC$424.0mC$328.3mC$324.2mC$62.0mC$443.6mC$394.2mC$289.9mC$216.9m
Diluted earnings per share1.892.121.851.481.470.282.031.861.411.16

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsC$13.05bnC$8.76bnC$8.78bnC$8.57bnC$8.13bnC$7.56bnC$7.51bnC$6.78bnC$5.87bnC$4.96bn
Cash and short-term investmentsC$2.33bnC$118.4mC$20.1m−C$209.4mC$15.9mC$2.9mC$9.3mC$74.5mC$326.4mC$16.5m
Total liabilitiesC$10.29bnC$5.92bnC$6.00bnC$5.75bnC$5.47bnC$4.80bnC$4.46bnC$4.05bnC$3.39bnC$3.12bn
DebtC$6.30bnC$3.90bnC$4.29bnC$3.90bnC$3.70bnC$3.43bnC$3.02bnC$2.33bnC$1.85bnC$1.78bn
Shareholders' equityC$2.76bnC$2.83bnC$2.78bnC$2.82bnC$2.66bnC$2.76bnC$3.05bnC$2.73bnC$2.48bnC$1.84bn
Shares outstanding229m229m229m222m221m221m219m211m205m186m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsC$774.5mC$1.27bnC$975.5mC$925.3mC$583.8mC$688.2mC$887.9mC$604.3mC$513.7mC$412.9m
Capital spending−C$282.5m−C$252.3m−C$702.7m−C$895.9m−C$516.6m−C$660.3m−C$1.09bn−C$1.32bn−C$760.1m−C$757.4m
Free cash flowC$492.0mC$1.01bnC$272.8mC$29.4mC$67.2mC$27.8m−C$203.9m−C$716.2m−C$246.4m−C$344.5m
Dividends paid−C$485.9m−C$467.5m−C$485.8m−C$424.4m−C$424.4m−C$423.0m−C$393.6m−C$356.3m−C$308.6m−C$274.4m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueC$2.23bnC$1.53bnC$1.66bnC$1.79bnC$1.61bnC$1.76bnC$1.94bnC$1.96bn
Gross profitC$346.2mC$239.5mC$206.1mC$226.8mC$365.6mC$351.6mC$307.3mC$425.5m
Operating incomeC$269.4mC$199.0mC$173.4mC$175.3mC$314.2mC$309.9mC$260.8mC$378.5m
Net incomeC$307.9m−C$122.0mC$90.3mC$85.2mC$126.5mC$130.3mC$88.9mC$184.6m
Diluted earnings per share1.19-0.470.390.370.550.570.390.81
Cash from operations−C$308.0mC$322.0mC$290.0mC$173.0mC$145.0mC$165.0mC$316.0mC$278.0m
Capital spending−C$235.0m−C$120.0m−C$121.0m−C$82.0m−C$49.0m−C$29.0m−C$93.0m−C$81.0m
Free cash flow−C$543.0mC$202.0mC$169.0mC$91.0mC$96.0mC$136.0mC$223.0mC$197.0m
Total assetsC$18.37bnC$13.23bnC$13.05bnC$13.36bnC$10.64bnC$8.66bnC$8.76bnC$8.63bn
Cash and short-term investmentsC$568.8mC$4.48bnC$2.33bnC$2.80bnC$45.0mC$105.5mC$118.4mC$31.4m
DebtC$8.23bnC$6.18bnC$6.30bnC$6.62bnC$3.84bnC$3.89bnC$3.90bnC$3.90bn
Shareholders' equityC$5.28bnC$2.52bnC$2.76bnC$2.80bnC$2.83bnC$2.84bnC$2.83bnC$2.84bn

Financial ratios

Data as of 3 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin14.7%19.4%20.3%16.7%21.0%31.2%
Operating margin12.2%11.8%13.3%11.2%18.8%28.8%
Net margin6.3%6.8%6.0%4.6%6.5%2.1%
Return on equity15.6%17.2%15.3%11.6%12.2%2.2%
Return on assets3.3%5.6%4.8%3.8%4.0%0.8%
Free cash flow yield8.8%12.6%14.0%15.6%9.5%11.6%
Revenue growth-4.0%1.2%-0.1%41.6%65.5%-16.7%
Earnings growth-11.2%14.8%29.2%1.3%422.7%-86.0%
Current ratio1.76x0.95x1.34x1.11x1.20x1.30x
Debt to equity2.24x1.32x1.48x1.32x1.33x1.18x
Equity ratio21.2%32.3%31.7%32.9%32.7%36.5%
Interest coverage3.45x3.81x4.58x4.75x5.55x6.61x
Buybacks as a share of market value-0.1%0.0%-3.2%-0.5%0.0%-1.0%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-1.0%17.9%10.5%
Operating income1.8%-0.8%2.4%
Net income9.6%47.4%7.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin17.1%17.8%19.4%21.0%
Operating margin12.0%12.1%14.4%16.8%
Net margin6.6%5.9%5.7%6.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings23.320.717.320.019.480.616.813.825.134.8
Price to sales1.51.41.00.91.31.72.11.22.13.0

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 15 Sept 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year1.6432.122.041.961.921.921.921.85
  • 2-for-1 split · 6 Apr 2015
  • 1.01-for-1 split · 19 Nov 2009

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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