Scotiabank Has Negative Outlook of Keyera FY2026 Earnings

Key Points

• Scotiabank cut Keyera's FY2026 EPS forecast to $1.93 from $1.98, below the street consensus of $2.22, signaling a slightly more cautious near‑term earnings outlook.
• Analyst views are mixed but mildly positive overall: several firms adjusted price targets recently and Keyera carries an average rating of "Moderate Buy" with an average target of C$53.55.
• Keyera trades near C$52.80 with a market cap of C$12.11B and a 4.1% dividend yield, but investors should note a high payout ratio (112%) and elevated debt‑to‑equity (227.74), indicating income potential alongside balance‑sheet risk.

Keyera Corp. (TSE:KEY - Free Report) - Analysts at Scotiabank cut their FY2026 earnings per share (EPS) estimates for Keyera in a research note issued on Friday, May 1st. Scotiabank analyst R. Hope now forecasts that the company will post earnings of $1.93 per share for the year, down from their prior forecast of $1.98. The consensus estimate for Keyera's current full-year earnings is $2.22 per share.

KEY has been the subject of a number of other reports. BMO Capital Markets decreased their price objective on Keyera from C$54.00 to C$51.00 and set an "outperform" rating for the company in a research note on Friday, January 9th. Barclays lifted their price objective on Keyera from C$48.00 to C$53.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 9th. National Bank Financial decreased their price objective on Keyera from C$48.00 to C$46.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 20th. TD Securities boosted their target price on Keyera from C$52.00 to C$56.00 and gave the company a "buy" rating in a research note on Friday, February 13th. Finally, Citigroup boosted their target price on Keyera from C$51.00 to C$58.00 and gave the company a "buy" rating in a research note on Monday, February 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Keyera currently has an average rating of "Moderate Buy" and an average price target of C$53.55.

Keyera Stock Up 0.6%

Shares of Keyera stock opened at C$52.80 on Monday. The company has a quick ratio of 0.57, a current ratio of 1.76 and a debt-to-equity ratio of 227.74. Keyera has a 12 month low of C$40.09 and a 12 month high of C$55.35. The business has a fifty day simple moving average of C$52.25 and a 200 day simple moving average of C$47.14. The stock has a market cap of C$12.11 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 1.35 and a beta of 0.52.

Keyera (TSE:KEY - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported C$0.39 EPS for the quarter. Keyera had a return on equity of 15.39% and a net margin of 6.34%.The business had revenue of C$1.70 billion during the quarter.

Keyera Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, March 16th. Keyera's payout ratio is 112.17%.

About Keyera

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.