Impact: Neutral. Keyera slightly missed estimates in 1Q16, reporting an adjusted EBITDA of $157 mm, flat y/y, and 11% below our estimate of $176 mm but in line with consensus of $161 mm. An announced dividend increase was also in line with consensus. Management has attributed the performance in the quarter to weak margins, especially involving iso-octane, which reduced the impact of incremental cash flows coming from new assets in service.
09 Aug 2016
2Q16 ADJ. EPS OF $0.34 (FCCE: $0.45; CONSENSUS: $0.40); 6% DIVIDEND INCREASE
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
2Q16 ADJ. EPS OF $0.34 (FCCE: $0.45; CONSENSUS: $0.40); 6% DIVIDEND INCREASE
Keyera Corp. (KEY:TSE) | 0 0 0.6% | Mkt Cap: 6,717m
- Published:
09 Aug 2016 -
Author:
Steven I. Paget -
Pages:
4
Impact: Neutral. Keyera slightly missed estimates in 1Q16, reporting an adjusted EBITDA of $157 mm, flat y/y, and 11% below our estimate of $176 mm but in line with consensus of $161 mm. An announced dividend increase was also in line with consensus. Management has attributed the performance in the quarter to weak margins, especially involving iso-octane, which reduced the impact of incremental cash flows coming from new assets in service.