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Gibson Energy to Host Investor Day on December 2, 2025
Globenewswire· 2025-11-25 14:00
Core Viewpoint - Gibson Energy Inc. will host an Investor Day on December 2, 2025, to provide updates on its strategy, operations, and long-term plans [1]. Event Details - The Investor Day is scheduled for December 2, 2025, at 8:30 am Eastern Time (6:30 am Mountain Time) [2]. - A live webcast will be available for participants, and presentation materials will be posted on the company's Investor Centre [2]. Company Overview - Gibson Energy is a leading liquids infrastructure company focused on the storage, optimization, processing, and gathering of liquids and refined products, along with waterborne vessel loading [3]. - The company is headquartered in Calgary, Alberta, with operations across North America, including key terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and Moose Jaw, Saskatchewan [3]. Stock Information - Gibson shares are traded under the symbol GEI on the Toronto Stock Exchange [4].
Gibson Energy Delivers Record Throughput and Continued Growth Across Canadian and U.S. Terminals in Q3 2025
Globenewswire· 2025-11-03 21:01
Core Insights - Gibson Energy Inc. reported strong financial and operational results for Q3 2025, highlighting record throughput in both Canadian and U.S. terminals, which emphasizes the company's critical role in the global energy value chain [3][5]. Financial Highlights - Infrastructure Adjusted EBITDA reached $154 million, a $4 million increase from Q3 2024, driven by a 26% year-over-year increase in Canadian throughput to 1.5 million barrels per day [5][6]. - U.S. throughput also set a record at 717 thousand barrels per day, a 30% increase year-over-year, attributed to the completion of a dredging project [5]. - Net income for Q3 2025 was $46 million, down $8 million from Q3 2024, primarily due to lower contributions from the Marketing segment [6]. - Distributable Cash Flow (DCF) was $86 million, a $3 million decrease from Q3 2024, influenced by lower Adjusted EBITDA [6]. - The company maintained a dividend payout ratio of 85% on a trailing twelve-month basis [6][19]. Strategic & Business Developments - Gibson generated over $9 million in cost savings during the quarter, increasing DCF per share by 10% and positioning the company to exceed its $25 million cost savings target for 2025 [5]. - The company appointed Blake Hotzel as Senior Vice President of Commercial Development U.S., bringing over 20 years of experience [5][6]. - The company has achieved 9.8 million hours without a lost-time injury, reflecting its commitment to safety [5]. Debt and Credit Ratings - The net debt to adjusted EBITDA ratio was 3.9x for the twelve months ended September 30, 2025, compared to 3.2x for the same period in 2024 [6][20]. - Gibson issued $375 million of 4.45% senior unsecured notes due August 2032, with proceeds used to repay existing debt [6]. - The company reaffirmed its investment-grade credit ratings of BBB (low) from Morningstar DBRS and BBB- from S&P, both with stable outlooks [6].
Gibson Energy Confirms 2025 Third Quarter Earnings Release Date and Provides Conference Call & Webcast Details
Globenewswire· 2025-10-08 20:01
Core Insights - Gibson Energy Inc. is set to release its 2025 third quarter financial and operating results on November 3, 2025, after North American markets close [1] - A conference call and webcast to discuss these results will take place on November 4, 2025, at 7:00am Mountain Time [2] - The company operates as a leading liquids infrastructure provider, focusing on storage, optimization, processing, and gathering of liquids and refined products [4] Company Overview - Gibson Energy is headquartered in Calgary, Alberta, with operations across North America, including key terminal assets in Hardisty and Edmonton, Alberta, and Ingleside and Wink, Texas [4] - The company's shares are traded under the symbol GEI on the Toronto Stock Exchange [5] Communication Details - Registration for the conference call is recommended at least five minutes prior to the event [2] - The webcast will be available for 12 months following the live broadcast [3] - For further inquiries, the company provides contact information for both investor relations and media [6]
Gibson Energy Announces Renewal of Normal Course Issuer Bid
Globenewswire· 2025-09-16 13:00
Core Viewpoint - Gibson Energy Inc. has announced the renewal of its Normal Course Issuer Bid (NCIB), allowing the company to repurchase up to 7.5% of its public float over the next year, starting September 18, 2025 [2][4]. Group 1: NCIB Details - The Board of Directors has approved the renewal of the NCIB, which allows the company to purchase and cancel up to 10,182,288 common shares, representing 7.5% of the public float as of September 15, 2025 [2]. - The NCIB will be conducted in accordance with TSX rules, with a daily purchase limit of 164,279 common shares, which is 25% of the average daily trading volume over the six months ending August 31, 2025 [3]. - The NCIB will terminate on the earlier of September 17, 2026, or when the maximum number of shares has been purchased [3]. Group 2: Share Repurchase Strategy - The price for repurchased shares will be based on the market price at the time of purchase, with the company aiming to maximize returns to shareholders through the NCIB [4]. - The company did not repurchase any shares under the previous NCIB that ran from September 18, 2024, to September 17, 2025, despite having approval for 9,958,026 shares [4]. Group 3: Automatic Purchase Plan - Gibson has renewed its automatic purchase plan with BMO Nesbitt Burns Inc., allowing for share purchases at any time, including during regulatory restrictions or blackout periods [5]. Group 4: Company Overview - Gibson Energy is a leading liquids infrastructure company, focusing on the storage, optimization, processing, and gathering of liquids and refined products, with operations across North America [6].
Gibson Energy Announces $375 Million Senior Unsecured Note Offering Due 2032
GlobeNewswire News Room· 2025-08-18 20:01
Group 1 - Gibson Energy Inc. announced the issuance of $375 million of 4.45% senior unsecured notes due August 20, 2032 [1] - The offering is expected to close on August 20, 2025, and the net proceeds will be used for debt repayment and general corporate purposes [2] - The notes are being offered in Canada through a syndicate of agents led by RBC Capital Markets and BMO Capital Markets [3] Group 2 - Gibson is a leading liquids infrastructure company involved in the storage, optimization, processing, and gathering of liquids and refined products [5] - The company's operations are located across North America, with key terminal assets in Hardisty and Edmonton, Alberta, and Ingleside and Wink, Texas [5] - Gibson shares trade under the symbol GEI on the Toronto Stock Exchange [6]
Gibson Energy Reports 2025 Second Quarter Results, Including Record Volumes at Gateway Following Dredging Completion
Globenewswire· 2025-07-28 20:01
Core Viewpoint - Gibson Energy Inc. reported strong financial and operational results for the second quarter of 2025, highlighting significant growth potential and operational improvements following the completion of key projects [3][4]. Financial Highlights - Infrastructure Adjusted EBITDA reached $153 million, consistent with the same quarter in 2024, driven by increased throughput at Edmonton and Gateway, alongside reduced operating costs [7]. - Adjusted EBITDA on a consolidated basis was $146 million, a decrease of $13 million from the second quarter of 2024, primarily due to lower contributions from the Marketing segment [7]. - Net income for the quarter was $61 million, down $3 million from the previous year, influenced by various factors affecting segment EBITDA [7]. - Distributable Cash Flow (DCF) was $81 million, a decrease of $20 million from the second quarter of 2024, attributed to lower Adjusted EBITDA and higher capital expenditures [7]. - The dividend payout ratio was 83%, slightly above the target range of 70% – 80%, with expectations for improvement in the second half of the year [7][23]. Strategic & Business Developments - The completion of the Gateway dredging project has increased average throughput at the terminal by approximately 20%, contributing to record-setting quarterly performance [3][6]. - Major turnarounds at the Moose Jaw Facility and the Hardisty Diluent Recovery Unit were executed on time and under budget, with zero recordable injuries [6]. - The company achieved recurring and non-recurring cost savings of approximately $9 million in the quarter, leading to a 12% increase in DCF per share [6]. - Morningstar DBRS reaffirmed Gibson's Investment Grade credit rating at BBB (low) following the quarter [6][15]. Operational Metrics - The company surpassed 9.5 million hours without a lost-time injury, reflecting a strong safety culture [6]. - The net debt to Adjusted EBITDA ratio was 4.0x as of June 30, 2025, compared to 3.5x a year earlier, indicating higher capital spending and lower Marketing contributions [7][24][25].
Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details
GlobeNewswire News Room· 2025-07-10 20:01
Core Points - Gibson Energy Inc. is set to release its 2025 second quarter financial and operating results on July 28, 2025, after North American market close [1] - A conference call and webcast to discuss these results will take place on July 29, 2025, at 7:00am Mountain Time [2] - The webcast will be available for 12 months following the live broadcast [3] Company Overview - Gibson Energy is a leading liquids infrastructure company focused on the storage, optimization, processing, and gathering of liquids and refined products, along with waterborne vessel loading [4] - The company is headquartered in Calgary, Alberta, with operations across North America, including key terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan [4] - Gibson shares are traded under the symbol GEI on the Toronto Stock Exchange [5]
Gibson Energy Confirms 2025 Second Quarter Earnings Release Date and Provides Conference Call & Webcast Details
Globenewswire· 2025-07-10 20:01
Group 1 - Gibson Energy Inc. will release its 2025 second quarter financial and operating results on July 28, 2025, after North American markets close [1] - The management's discussion and analysis along with unaudited consolidated financial statements will be available on the company's website and SEDAR+ [1] - A conference call and webcast to discuss the results will take place on July 29, 2025, at 7:00am Mountain Time [2] Group 2 - The conference call will be accessible via a registration link, and registration is recommended at least five minutes prior to the call [2] - The webcast will be available for 12 months after the live broadcast [3] - Gibson Energy is a leading liquids infrastructure company, focusing on storage, optimization, processing, and gathering of liquids and refined products [4] Group 3 - The company is headquartered in Calgary, Alberta, with operations across North America, including key terminal assets in Hardisty and Edmonton, Alberta, and Ingleside and Wink, Texas [4] - Gibson shares are traded under the symbol GEI on the Toronto Stock Exchange [5]
Gibson Energy Announces Voting Results for Election of Board of Directors
Globenewswire· 2025-05-06 20:25
Core Viewpoint - Gibson Energy Inc. held its hybrid annual and special meeting of shareholders on May 6, 2025, where the voting results for the election of directors were announced [1]. Voting Results - James M. Estey received 106,873,651 votes (94.68% for) and 6,008,544 votes withheld (5.32% withheld) [2] - Douglas P. Bloom received 111,845,680 votes (99.08% for) and 1,036,515 votes withheld (0.92% withheld) [2] - Judy E. Cotte received 112,595,373 votes (99.75% for) and 286,822 votes withheld (0.25% withheld) [2] - Heidi L. Dutton received 112,486,803 votes (99.65% for) and 395,392 votes withheld (0.35% withheld) [2] - Maria A. Hooper received 112,290,167 votes (99.48% for) and 592,028 votes withheld (0.52% withheld) [2] - Diane A. Kazarian received 112,185,767 votes (99.38% for) and 696,428 votes withheld (0.62% withheld) [2] - Margaret C. Montana received 111,997,736 votes (99.22% for) and 884,459 votes withheld (0.78% withheld) [2] - Khalid A. Muslih received 112,077,166 votes (99.29% for) and 805,029 votes withheld (0.71% withheld) [2] - Craig V. Richardson received 112,325,407 votes (99.51% for) and 556,788 votes withheld (0.49% withheld) [2] - Curtis D. Philippon received 112,520,215 votes (99.68% for) and 361,980 votes withheld (0.32% withheld) [2] Company Overview - Gibson Energy is a leading liquids infrastructure company focused on storage, optimization, processing, and gathering of liquids and refined products, along with waterborne vessel loading [3] - The company is headquartered in Calgary, Alberta, with operations across North America, including core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan [3][4]
Gibson Energy Declares Dividend
Globenewswire· 2025-05-05 20:02
Core Points - Gibson Energy Inc. has announced a quarterly dividend of $0.43 per common share, payable on July 17, 2025, to shareholders of record on June 30, 2025 [1] - The dividend is designated as an eligible dividend for Canadian income tax purposes, and non-resident shareholders will be subject to Canadian withholding tax [1] Company Overview - Gibson is a leading liquids infrastructure company involved in the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading [2] - The company is headquartered in Calgary, Alberta, with operations across North America, including core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan [2] Stock Information - Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange [3]