Keyera Raises 2026 Marketing Margin Guidance to C$400 Million to C$430 Million

Keyera Corp. raised its 2026 marketing realized margin guidance to C$400 million to C$430 million, a higher range that includes value from acquired Plains inventory and associated hedges.

The new range replaces the company’s previous guidance of C$320 million to C$350 million. The higher outlook includes about C$50 million in incremental realized margin from Plains inventory and associated hedges revalued at closing.

Stronger iso-octane margins and increased margins from butane sales also contributed to the outlook.

At the end of the third quarter, Keyera’s net debt stood at 3.6 times adjusted EBITDA, above its target range of 2.5 to 3.0 times. Keyera remains focused on deleveraging and returning to that range in 2028.