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Keyera Q2 Gas Processing Throughput, Sales Volumes Rise; Reaffirms 2026 Capital Plan

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Keyera reported Q2 earnings Thursday, with gross gas processing throughput increasing to 1,615 million cubic feet per day, up from 1,543 MMcf/d a year earlier.

Net processing throughput rose to 1,406 MMcf/d for the quarter ended June 30, up from 1,400 MMcf/d in the year-ago quarter.

Liquids infrastructure gross processing throughput declined to 153,000 barrels per day for Q2, down from 163,000 b/d, while the net processing throughput declined to 78,000 b/d, down from 94,000 b/d a year earlier.

The company produced 4,000 b/d of iso-octane in the quarter, down from 8,000 b/d a year earlier.

Sales volumes for Q2 2026 increased to 303,200 b/d, up from 199,400 b/d for the same quarter last year.

Keyera reaffirmed its 2026 outlook, maintaining growth capital spending of CA$650 million ($463.7 million) to CA$725 million and maintenance capital expenditures of CA$240 million to CA$260 million.

Keyera completed the KFS Frac II debottleneck project in early June, bringing an additional 8,000 b/d of fractionation capacity online more than one month ahead of schedule and about 20%, or CA$17 million, below its original budget.

The company continues to advance the Keyera Fort Saskatchewan North Debottleneck, Alberta Corridor Energy Rail Terminal, Key Access Pipeline System Zone 4 and Keyera Fort Saskatchewan South Fractionation Unit III.

Keyera also closed its acquisition of Plains' Canadian natural gas liquids business and the remaining 50% interest in KAPS during the quarter.

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