Gibson Energy Reports Second Quarter 2026 Results, Highlighted by Record Infrastructure Adjusted EBITDA and Strategic Growth Execution

This section is Partnership Content suppliedThe content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Article contentAll financial figures are in Canadian dollars unless otherwise notedSign In or Create an AccountEmail AddressContinueor View more offersArticle contentCALGARY, Alberta, July 27, 2026 (GLOBE NEWSWIRE) — Gibson Energy Inc.

(TSX:GEI) (“Gibson” or the “Company”) announced today its financial and operating results for the three and six months ended June 30, 2026.Article contentWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.

Article contentKey Highlights: Delivered record Infrastructure adjusted EBITDA(1) of $169 million, driven by higher throughput, improved utilization and continued optimization across the growing asset networkGenerated Marketing adjusted EBITDA(1) of $15 million, reflecting disciplined execution, strong refined product margins and the benefits of investments made to diversify Gibson’s product mixCompleted the $400 million Chauvin acquisition and advanced the Chauvin expansion project, reinforcing Gibson’s long-term Infrastructure growth strategyIssued $400 million of 4.45% senior unsecured notes due 2034, achieving the tightest credit spread across any tenor in Gibson’s history and further strengthening financial flexibilitySurpassed one full year without a recordable injury across employees and contractors, reflecting Gibson’s strong safety culture and commitment to operational excellenceArticle contentArticle content“Gibson delivered a strong second quarter, highlighted by record Infrastructure adjusted EBITDA,” said Curtis Philippon, President & Chief Executive Officer. “During the quarter, we closed the Chauvin acquisition and sanctioned the Hardisty Connection Project – important milestones in advancing our long-term Infrastructure growth strategy.

Our results reflect the strength of both our Infrastructure and Marketing segments and our team’s disciplined execution. Recent progress on market access and pipeline developments has created a more constructive environment for Canadian energy infrastructure. Gibson is uniquely situated to support our customers as these opportunities develop, reinforcing our confidence in our long-term growth strategy and our ability to continue creating long-term shareholder value.”

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Browse here.Article contentFinancial Highlights:Article contentInfrastructure adjusted EBITDA(1) of $169 million in the second quarter, a $17 million increase from the second quarter of 2025, primarily driven by higher throughput at the Gateway and Edmonton terminals, as well as the Chauvin Infrastructure Assets, along with benefits from the Company’s restructuring effortsMarketing adjusted EBITDA(1) of $15 million in the second quarter, an $8 million increase from the second quarter of 2025, primarily driven by improved margins resulting from higher crack spreads and the diversification in product mix positively impacting Refined ProductsAdjusted EBITDA(1) on a consolidated basis of $169 million in the second quarter, a $22 million increase from the second quarter of 2025, primarily due to the factors impacting segment adjusted EBITDA as noted above and the impact of removing unrealized gains and losses on financial instruments recorded in both periodsNet income of $83 million in the second quarter, a $22 million increase from the second quarter of 2025, primarily due to the factors affecting segment adjusted EBITDA as noted above and lower income tax expense, partially offset by higher general and administrative costs, acquisition and integration costs from the Chauvin Infrastructure Assets, and unrealized gains and losses in relation to corporate financial instrumentsDistributable Cash Flow(1) of $96 million in the second quarter, a $15 million increase from the second quarter of 2025, primarily due to the factors contributing to higher adjusted EBITDA as noted above, partially offset by higher finance costs and higher current income tax expenseDividend payout ratio(2) of 88% and net debt to adjusted EBITDA(2) ratio of 4.2x on a trailing twelve-month basis; each of which are expected to remain temporarily elevated until a full 12 months of contribution from the Chauvin acquisition is reflectedArticle contentArticle contentStrategic Developments and Highlights:Article contentIn July, the Board decla