Keyera: Attractive On Dips Thanks To 7-8% Growth Profile And 5% Yield
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Keyera's strong 2024 results are driven by marketing revenue, with a net profit of C$184.6M and an EPS of C$0.81. The company anticipates 7-8% annual EBITDA growth on fee-based revenue from 2024-2027, focusing on capital-efficient projects and debottlenecking initiatives. Despite a projected 30% drop in marketing income, higher fee-based EBITDA and reduced sustaining capex should boost distributable cash flow.
January 19, 2025 | 5:00 pm
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Keyera's 2024 results show strong marketing revenue, with a net profit of C$184.6M and EPS of C$0.81. The company expects 7-8% annual EBITDA growth from 2024-2027, focusing on capital-efficient projects. Despite a 30% drop in marketing income, higher fee-based EBITDA and reduced capex should boost cash flow.
Keyera's strong financial performance in 2024, with significant net profit and EPS, indicates a positive outlook. The company's focus on capital-efficient projects and expected EBITDA growth suggests potential for increased cash flow, despite a projected drop in marketing income. This positions Keyera favorably for investors, likely leading to a positive short-term impact on its stock price.
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IMPORTANCE 80
RELEVANCE 100