The Fly | KEYUF

Integrated Midstream Value Chain: Keyera offers a comprehensive suite of midstream services, from natural gas gathering and processing to NGL fractionation, storage, and crude oil infrastructure, allowing them to capture value across multiple points in the energy value chain and provide integrated solutions.

Strategic Asset Location in WCSB: Their extensive asset footprint is strategically located in the heart of the Western Canada Sedimentary Basin (WCSB), a prolific and long-lived production basin, providing direct access to a stable supply of natural gas, NGLs, and crude oil.

Stable Fee-for-Service Business Model: A significant portion of Keyera's revenue is derived from long-term, fee-for-service contracts, which provides predictable cash flows and insulates the company from direct commodity price volatility, enhancing financial stability.

Commodity Price Volatility Risk: Fluctuations in natural gas and natural gas liquids (NGL) prices can directly impact Keyera's marketing segment margins and indirectly influence producer activity, affecting throughput volumes.

Regulatory and Environmental Compliance Risk: New or stricter environmental regulations, carbon taxes, or permitting challenges could increase Keyera's operating costs, delay projects, or restrict operations.

Operational Integrity and Safety Risk: Failures in infrastructure, cyberattacks, or safety incidents at Keyera's facilities could lead to service disruptions, environmental damage, and significant financial penalties.