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CALGARY, AB, Aug. 10, 2023 /CNW/ – Keyera Corp. ( TSX: KEY ) (“Keyera”) announced its 2023 second quarter financial results today, the highlights of which are included in this news release. To view Management’s Discussion and Analysis (the “MD&A”) and financial statements, visit either Keyera’s website or its filings on SEDAR+ at www.sedarplus.ca . “Keyera continues to execute its strategy, delivering yet another strong quarter which was supported by the strength of all three business segments. This consistent performance enables us to return to our long history of sustainable dividend growth,” said Dean Setoguchi, President and CEO. “In addition, KAPS has now fully integrated our value chain, making us more competitive, enhancing our ability to attract volumes and maximizing value for all stakeholders.” Highlights Strong Quarterly Results – Net earnings were $159 million (Q2 2022 – $173 million), adjusted earnings before interest, taxes, depreciation, and amortization 1 (“adjusted EBITDA”) were $293 million (Q2 2022 – $316 million), and distributable cash flow 1 (“DCF”) was $207 million (Q2 2022 – $209 million). Quarterly results were driven by record contribution from the Liquids Infrastructure segment and third highest ever contribution from the Marketing segment. Return to Sustainable Dividend Growth – […]
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