Press Release: Keyera Provides Update on Regulatory Process for Acquisition of Plains' Canadian NGL Business

Dow Jones05-05

CALGARY, AB, May 5, 2026 /CNW/ - Keyera Corp. (TSX: KEY) ("Keyera" or the "Company") today provided an update on the regulatory process related to its previously announced acquisition of substantially all of Plains' Canadian natural gas liquids ("NGL") business (the "Transaction").

Keyera has received a filing from the Competition Bureau in connection with the Transaction and is currently reviewing the materials. 

   -- Shortly before the opening of markets, Keyera received a filing from the 
      Competition Bureau and is preparing a more detailed communication, which 
      is expected to be provided later today. 
 
   -- This regulatory proceeding does not prevent the company's ability to 
      close the Transaction. 
 
   -- The Company disagrees with the Commissioner's assertions and 
      characterization of the Transaction, and intends to respond to the 
      application. As the Company has previously advised, the Transaction will 
      strengthen competition across the basin and provide customers with 
      improved access to key markets and greater flexibility in how their 
      products are handled, transported and sold.

About Keyera Corp.

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; isooctane 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.

Additional Information

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

Dan Cuthbertson, General Manager, Investor Relations

Tyler Monzingo, Senior Specialist Investor Relations

Email: ir@keyera.com

Telephone: 1-403-205-7670

Toll free: 1-888-699-4853

SOURCE Keyera Corp. 

Copyright CNW Group 2026

(END) Dow Jones Newswires

May 05, 2026 10:31 ET (14:31 GMT)

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