CALGARY, AB — January 19, 2026 — Leads & Copy —
Keyera Corp. (TSX: KEY) announced today an extended unplanned outage at its Alberta Envirofuels facility (AEF). The company anticipates AEF will return to service in May 2026. The total impact on 2026 Marketing segment Realized Margin is expected to be approximately $110 million.
In early January 2026, Keyera initiated an unplanned outage at AEF to investigate a reduction in plant performance. Following the facility shutdown and inspection, the company identified component failure involving long-life equipment that had been replaced approximately three years ago as part of AEF’s maintenance and reliability programs. The company is investigating the cause of this early equipment failure.
Due to the expected timing required for the fabrication, delivery and installation of replacement components, Keyera anticipates that AEF will return to service in May 2026. Keyera’s priority remains the safety of its employees and contractors and the long-term integrity and reliability of the facility.
The company now plans to complete the previously planned six-week major turnaround, scheduled for fall 2026, during the current outage period, eliminating the need for a separate shutdown later in the year.
Including the previously planned six-week major turnaround, the total impact on 2026 Marketing segment Realized Margin is expected to be approximately $110 million.
Realized Margin in the Liquids Infrastructure segment is expected to be impacted by approximately $15 million.
Cash taxes are now expected to decrease by approximately $30 million.
Maintenance capital is expected to increase by approximately $10 million, resulting in a revised 2026 guidance range of $140 million to $160 million, up from the previously expected range of $130 million to $150 million.
In line with established practice, Keyera will provide its 2026 Marketing guidance following the conclusion of the NGL contract season as part of its first quarter 2026 financial results in May.
Keyera Corp. 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.
Dan Cuthbertson, Director, Investor Relations
Tyler Monzingo, Senior Specialist, Investor Relations
Email: ir@keyera.com
Telephone: 403.205.7670
Toll free: 888.699.4853
Source: Keyera Corp.
