• Keyera closed the purchase of the remaining 50% non-operating stake in the KAPS Pipeline from Stonepeak Advisors LLC for $1.215 billion.
• Keyera now owns 100% of KAPS, an NGL pipeline system linking Montney and Duvernay production to downstream markets.
• Deal expected to be low-single digit accretive to distributable cash flow per share over the next several years.
• Including remaining Zone 4 spend, Keyera pegged the implied acquisition multiple at about 11x 2029 EBITDA on contracted volumes.
• Zone 4 remains on schedule for a mid-2027 in-service date; more than 120,000 bpd of new commitments added since 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stonepeak Advisors LLC published the original content used to generate this news brief on June 17, 2026, and is solely responsible for the information contained therein.