All financial figures are in Canadian dollars unless noted otherwise

CALGARY, Alberta, Dec. 09, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a 2020 growth capital expenditure budget of approximately $300 million, comprised predominantly of sanctioned growth projects.  Additionally, the Board of Directors has approved the allocation of approximately $25 million in replacement capital expenditures. 

“Gibson’s ability to continue growing our long-term infrastructure businesses, ensuring we meet or exceed our distributable cash flow per share growth targets despite the egress challenges facing western Canada, speaks to … Continue Reading

CALGARY, Alberta, Dec. 03, 2019 (GLOBE NEWSWIRE) — US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and Gibson Energy Inc. (Gibson) (TSX: GEI) jointly announced today an agreement to construct and operate a diluent recovery unit (DRU) near Hardisty, Alberta, Canada.  ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific (CP) (TSX: CP) (NYSE: CP) and Kansas City Southern Railway Company (KCS) (NYSE: KSU) to the U.S. Gulf Coast.  USD and Gibson are currently in commercial discussions with other potential producer and refiner customers … Continue Reading

CALGARY, Alberta , Nov. 04, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on January 17, 2020, to shareholders of record at the close of business on December 31, 2019.  This dividend is designated as an eligible dividend for Canadian income tax purposes.  For non-resident shareholders, Gibson’s dividends are subject to Canadian withholding tax.

About Gibson
Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of crude … Continue Reading

CALGARY, Alberta, Nov. 04, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today its financial and operating results for the three and nine months ended September 30, 2019.

“Gibson continued to deliver strong, consistent operational and financial results in the third quarter, with the continued growth of long-term, high-quality cash flows from our Infrastructure segment while the contribution from Marketing meaningfully exceeded our expectations,” said Steve Spaulding, President and Chief Executive Officer.  “We remain confident in our ability to keep executing our strategy, most notably our ability to continue to sanction tankage at our … Continue Reading

CALGARY, Alberta, Oct. 07, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today it expects to release its 2019 third quarter financial and operating results on Monday, November 4, 2019 after the close of North American markets. The 2019 third quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR at www.sedar.com.

Earnings Conference Call & Webcast Details
A conference call and webcast will be held to discuss the 2019 third quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern … Continue Reading

All financial figures are in Canadian dollars unless otherwise noted

CALGARY, Alberta, Sept. 17, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has closed the previously announced offering of $500 million senior unsecured medium term notes, Series 1 (the “Notes”).  The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature on September 17, 2029.  

Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its outstanding $300 million 5.375% senior unsecured notes due July 15, 2022 (the … Continue Reading

CALGARY, Alberta, Sept. 12, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has agreed to issue $500 million senior unsecured medium term notes, Series 1 (the “Notes”).  The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature 10 years from the date of issue.  

The offering of the Notes is expected to close on or about September 17, 2019, subject to customary closing conditions.  Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its outstanding $300 … Continue Reading

All financial figures are in Canadian dollars unless otherwise noted

CALGARY, Alberta, Aug. 06, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on October 17, 2019, to shareholders of record at the close of business on September 30, 2019.  This dividend is designated as an eligible dividend for Canadian income tax purposes.  For non-resident shareholders, Gibson’s dividends are subject to Canadian withholding tax.

About Gibson
Gibson is a Canadian-based oil infrastructure company with its principal businesses consisting … Continue Reading

CALGARY, Alberta, Aug. 06, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today its financial and operating results for the three and six months ended June 30, 2019.

“Gibson continued to deliver strong operational and financial results in the second quarter, with distributable cash flow up 40% relative to the comparable quarter in 2018, while also advancing our strategy, including the completion of our non-core asset disposition process,” said Steve Spaulding, President and Chief Executive Officer.  “We also reached another major milestone recently with the receipt of our second Investment Grade credit rating, which … Continue Reading

CALGARY, Alberta, July 24, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced that S&P Global Ratings (“S&P”) has raised its long-term issuer credit rating and senior unsecured debt ratings on the Company to “BBB–” with a “Stable” outlook.  This represents the Company’s second Investment Grade rating, as Gibson is currently assigned a “BBB (low)” rating by DBRS Limited. 

“We are very pleased to have secured a second Investment Grade credit rating, which we believe reflects Gibson’s transformation into a leading oil-focused infrastructure growth company,” said Sean Brown, Senior Vice President and Chief Financial Officer.  … Continue Reading

CALGARY, Alberta, July 09, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it expects to release its 2019 second quarter financial and operating results on Tuesday, August 6, 2019 after the close of North American markets. The 2019 second quarter management’s discussion and analysis and unaudited consolidated financial statements will be available on the Company’s website at www.gibsonenergy.com and on SEDAR at www.sedar.com.

Earnings Conference Call & Webcast Details
A conference call and webcast will be held to discuss the 2019 second quarter financial and operating results at 7:00am Mountain Time (9:00am … Continue Reading

All financial figures are in Canadian dollars unless noted otherwise

CALGARY, Alberta, July 02, 2019 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today it has closed the sale of its Canadian Truck Transportation businesses to Trimac Transportation (“Trimac”) for gross proceeds of approximately $70 million prior to customary closing adjustments, with the potential for additional proceeds depending on the performance of the business over the next several years.

As part of the sale of its Canadian Truck Transportation businesses, Gibson has also entered into an agreement with an entity affiliated with Trimac for the … Continue Reading