Keyera Corp. raised the low and high ends of its 2026 marketing realized margin outlook by C$80 million each, citing a Plains valuation effect and firmer iso-octane and butane margins.
Its previous forecast was C$320 million to C$350 million. About C$50 million of the increase is incremental realized margin tied to the closing revaluation of Plains inventory and related hedges.
Leverage was 3.6 times adjusted EBITDA at quarter-end, versus a target band of 2.5 to 3.0 times. Keyera is focused on moving back within the band in 2028.
