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Keyera Corp Maintains Spending Level for 2015

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Keyera Corp Maintains Spending Level for 2015

Keyera Corp. has announced 2014 third quarter results.

Highlights Net earnings were $82.4 million ($0.98 per share) in the third quarter of 2014, $41.6 million ($0.46 per share) higher than the $40.8 million ($0.52 per share) in the third quarter of 2013. Adjusted earnings before interest, taxes, depreciation and amortization1,2 were a record $151.4 million in the third quarter of 2014, 83% higher than the $82.6 million posted in the same period in 2013. Distributable cash flow1,2 was also a record at $124.4 million ($1.48 per share) in the third quarter of 2014 compared to $50.5 million ($0.64 per share) recorded in the third quarter of 2013. Keyera's Gathering and Processing business delivered an operating margin3 of $54.0 million in the third quarter of 2014, compared to $40.7 million…
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