Keyera Second Quarter 2024 Earnings: Beats Expectations

Keyera (TSE:KEY) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$1.72b (up 15% from 2Q 2023).
• Net income: CA$142.2m (down 11% from 2Q 2023).
• Profit margin: 8.3% (down from 11% in 2Q 2023).
• EPS: CA$0.62 (down from CA$0.69 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Keyera Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Oil and Gas industry in Canada.

Performance of the Canadian Oil and Gas industry.

The company's shares are up 2.9% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Keyera has 3 warning signs we think you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.