Keyera Corp
TSX:KEY

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Keyera Corp
TSX:KEY
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Price: 43 CAD 0.89% Market Closed
Market Cap: 9.9B CAD

Operating Margin
Keyera Corp

11.8%
Current
12%
Average
11.8%
Industry

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
11.8%
=
Operating Profit
840.5m
/
Revenue
7.1B

Operating Margin Across Competitors

Country Company Market Cap Operating
Margin
CA
Keyera Corp
TSX:KEY
9.9B CAD
12%
CA
Enbridge Inc
TSX:ENB
140.4B CAD
18%
US
Williams Companies Inc
NYSE:WMB
72.7B USD
32%
US
Enterprise Products Partners LP
NYSE:EPD
67.9B USD
12%
US
Kinder Morgan Inc
NYSE:KMI
60.2B USD
28%
US
Energy Transfer LP
NYSE:ET
59.1B USD
11%
US
MPLX LP
NYSE:MPLX
53.3B USD
44%
US
Cheniere Energy Inc
NYSE:LNG
53.2B USD
39%
CA
TC Energy Corp
TSX:TRP
72.1B CAD
42%
US
ONEOK Inc
NYSE:OKE
51.2B USD
23%
US
Targa Resources Corp
NYSE:TRGP
39B USD
16%

Keyera Corp
Glance View

Economic Moat
None
Market Cap
9.9B CAD
Industry
Energy

Keyera Corp., a stalwart in the Canadian energy sector, weaves its business strategy through the intricate tapestry of the natural gas value chain. Founded in the late 1990s, the company has grown into a formidable player, leveraging its extensive infrastructure to facilitate the processing, transportation, storage, and marketing of natural gas and natural gas liquids (NGLs). It operates through three primary segments: Gathering and Processing, Liquids Infrastructure, and Marketing. The Gathering and Processing segment harnesses an extensive network of pipelines and facilities to collect raw gas from the wellhead, treating and purifying it to meet market specifications. Meanwhile, the Liquids Infrastructure segment offers a robust framework of terminals and storage solutions, ensuring efficient NGL transport and storage, which is pivotal in managing seasonal demand fluctuations and price volatilities, part of the interconnected energy ecosystem. The real engine of Keyera's revenue model is its Marketing division, where the company capitalizes on its market insights and trading acumen to buy and sell NGLs and iso-octane, effectively bridging producers and consumers. By understanding supply-demand dynamics and price trends, Keyera optimizes margins, essentially trading on the supply arbitrage opportunities. Their ability to integrate these operations, from upstream gathering to downstream marketing, allows them to extract value at multiple touchpoints. Keyera's strategic positioning, supported by a combination of long-term, fee-based contracts, and variable market pricing, ensures a balanced portfolio that mitigates risk while enhancing return on investments. Through this multi-faceted approach, Keyera not only sustains its profitability but also establishes its role as a vital conduit in the energy supply chain, navigating the complexities of a transitioning energy landscape.

KEY Intrinsic Value
48.05 CAD
Undervaluation 11%
Intrinsic Value
Price
What is Operating Margin?

Operating Margin represents how efficiently a company is able to generate profit through its core operations.

Higher ratios are generally better, illustrating the company is efficient in its operations and is good at turning sales into profits.

Operating Margin
11.8%
=
Operating Profit
840.5m
/
Revenue
7.1B
What is the Operating Margin of Keyera Corp?

Based on Keyera Corp's most recent financial statements, the company has Operating Margin of 11.8%.

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