CALGARY, Nov. 5, 2019 /CNW/ – Keyera Corp. (TSX: KEY) (“Keyera”) announced its 2019 third quarter financial results today, the highlights of which are included in this news release. The entire news release can be viewed by visiting Keyera’s website at www.keyera.com , or, to view the MD&A and financial statements, visit either Keyera’s website or Keyera’s filings on SEDAR at www.sedar.com . Keyera Corp. (CNW Group/Keyera Corp.) HIGHLIGHTS Keyera delivered impressive financial results in the third quarter of 2019, with each key financial metric well above our results from the same period last year, reflecting strong demand for our integrated service offering and new capital projects completed over the last twelve months. Adjusted earnings before finance costs, taxes, depreciation and amortization (“Adjusted EBITDA”) 1 was a record $269 million (Q3 2018 – $160 million). Distributable cash flow 1 was $184 million or $0.85 per share (Q3 2018 – $127 million or $0.61 per share) while net earnings were $153 million or $0.71 per share (Q3 2018 – $35 million or $0.17 per share). The Gathering and Processing segment recorded operating margin of $75 million in the third quarter (Q3 2018 – $64 million), as Keyera’s new Wapiti gas […]
