Keyera Provides Business Update and 2029 Growth Outlook Following Completion of Plains' NGL Acquisition

Establishing industry leading fee-based adjusted EBITDA per share 1 growth targets to 2029 Initial $100 million near-term synergy target substantially realized and target increased Expanded Marketing segment is a strategic competitive advantage; providing 2026 Marketing segment realized margin 1 guidance Capital allocation priorities unchanged; updating 2026 guidance CALGARY, AB , June 15, 2026 /CNW/ - Keyera Corp. (TSX: KEY ) ("Keyera" or the "company") today announced a pro forma business update and multi-year growth outlook following the completion of its transformative acquisition of Plains' Canadian NGL assets. "This combination strengthened Keyera's position as a fully integrated midstream company with greater efficiency and flexibility, enabling us to deliver more value to our customers," said Dean Setoguchi, President and Chief Executive Officer. "With enhanced connectivity and identified synergies, we are positioned to drive industry-leading growth while maintaining the disciplined capital allocation that is expected to create long-term value for shareholders." Delivering Industry Leading Fee-Based Adjusted EBITDA Per Share 1 Growth to 2029 Keyera is establishing pro-forma fee-based adjusted EBITDA per share 1 growth targets to 2029. This growth is highly visible, and supported by sanctioned projects, identified synergies and capital-efficient growth initiatives that are already underway and aligned with the company's strategy. The outlook is further supported by strong basin fundamentals. Oil, natural gas and NGL production across the Western Canadian Sedimentary Basin are expected to continue growing as export market access expands and global demand for Canadian energy products increases. From 2025 to 2027, Keyera expects fee-based adjusted EBITDA per share 1 to increase by approximately 35% or an approximate 16% Compound Annual Growth Rate (CAGR), mainly r