Keyera reports $122M first-quarter loss, revenue down from year ago
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Digital Subscription
One year of digital access for only $1.44 a week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $5.77 plus GST every four weeks. After 52 weeks, price increases to the regular rate of $19.95 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
To continue reading, please subscribe:
Add Free Press access to your Brandon Sun subscription for only an additional
$1 for the first 4 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.
Read unlimited articles for free today:
or
Already have an account? Log in here »
CALGARY – Keyera Corp. reported a loss of $122 million in its latest quarter as it saw a large unrealized non-cash loss associated with risk management contracts.
The company says the loss amounted to 53 cents per share for the quarter ended March 31 compared with a profit of $130.3 million or 57 cents per share in the first quarter of 2025.
Distributable cash flow per share amounted to 44 cents, down from 83 cents per share a year earlier.
Revenue totalled $1.30 billion, down from $1.76 billion in the same quarter last year.
Earlier this week, Keyera closed its deal to buy the Canadian natural gas liquids business of U.S. firm Plains All American Pipeline LP despite a challenge launched by the federal competition regulator.
The Competition Bureau has applied to the Competition Tribunal to challenge the deal alleging it will likely harm energy producers and stifle investment, however the company disagrees with the regulator’s assertions.
This report by The Canadian Press was first published May 14, 2026.
Companies in this story: (TSX:KEY)