Keyera Corp. (KEY) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Ina, and I will be your conference operator today. At this time, I would like to welcome everyone to CAIERA's 2025 Third Quarter Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star, then the number one. If you would like to withdraw your question, please press star, then the number two. Thank you. I'd like to turn the call over to Mr. Dan Cotperson, General Manager of Investor Relations. You may begin. Thank you, and good morning. Joining me today will be Dean Setaguchi, President and CEO, Eileen Maricar, Senior Vice President and CFO, Jamie Burkhart, Senior Vice President and Chief Commercial Officer, and Jared Bistilny, Senior Vice President, Operations and Engineering. We will begin with some prepared remarks from Dean and Eileen, after which we will open the call to questions. I'd like to remind listeners that some of the comments and answers that we will give today relate to future events. These forward-looking statements are given as of today's date and reflect events or outcomes that management currently expects. In addition, we will refer to some non-GAAP financial measures. For additional information on non-GAAP measures and forward-looking statements, please refer to Kiara's public filings available on CDAR and on our website. With that, I'll turn the call over to Dee. Thanks, Dan, and good morning, everyone. This quarter again demonstrated the strength of our fee-for-service business, where realized margin grew by more than 10% year-over-year. This continued increase in stable cash flow reflects higher utilization across our integrated system and supports ...