Keyera Provides Update on Alberta Wildfire Disruptions

Dec 23, 2023

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09 Jun, 2023, 06:00 ET

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CALGARY, AB, June 9, 2023 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") is pleased to report the start-up of all six gas plants shut-in due to the Alberta wildfires.

The impact of the outages on Keyera's second quarter Gathering and Processing segment operating margin is expected to be $13 million to $15 million.

As a result of the disruption, the planned 10-day turnaround at the Wapiti gas plant, previously scheduled for the second quarter, has been deferred to the fourth quarter. The planned three-week turnaround at the Rimbey gas plant in the second quarter will continue as planned.

Keyera would like to thank its staff, emergency responders and firefighters for their hard work and ongoing dedication to protecting our communities.

Investor InquiriesDan Cuthbertson, Director, Investor RelationsCalvin Locke, Manager, Investor RelationsRahul Pandey, Senior Advisor, Investor Relations

Email: [email protected] Telephone: 403.205.7670Toll free: 888.699.4853

Media InquiriesKirsten Bell, Director, Stakeholder CommunicationsEmail: [email protected]Telephone: 587.293.7550

Keyera Corp. (TSX:KEY) operates an integrated Canadian-based energy infrastructure business with extensive interconnected assets and depth of expertise in delivering energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing; natural gas liquids processing, transportation, storage and marketing; iso-octane production and sales; and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.

For more information about Keyera Corp., please visit our website at www.keyera.com.

SOURCE Keyera Corp.