Exit·Energy/Power Services·June 18, 2026
Keyera Buys Stonepeak’s Remaining Stake in KAPS Pipeline
The platform investment centers on the target's operating business, with transaction terms undisclosed in the announcement.
Takeaways
- KAPS Pipeline is a Natural gas liquids pipeline system connecting Montney and Duvernay re.
- Stonepeak is selling KAPS Pipeline to Keyera.
- The target serves natural gas liquids and condensate across Canada.
BuyerKeyera
TargetKAPS Pipeline
SponsorStonepeak
SellerStonepeak
TypeExit
GeographyCanada
IndustryEnergy
Sub-sectorPower Services
Keyera acquired the remaining 50% stake in the KAPS Pipeline from Stonepeak, a natural gas liquids system connecting growing condensate and NGL production from the Montney and Duvernay re.
The transaction values the stake at $1.215 billion and gives Keyera full ownership of the asset.
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