CALGARY, Alberta, Nov. 20, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today its intention to redeem the entire $99.3 million of principal amount currently outstanding of its 5.25% convertible unsecured subordinated debentures due July 15, 2021 (the “Debentures”).

“Through the proactive redemption of the Debentures, we are continuing to optimize our peer-leading capital structure,” said Sean Brown, Senior Vice President and Chief Financial Officer of Gibson. “Given our ample liquidity, we are in a position to retire the Debentures in a non-dilutive manner. Following the redemption, we will continue to be fully-funded for our growth capital program into 2021 … Continue Reading

CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today that its Board of Directors has approved a quarterly dividend of $0.34 per common share payable on January 15, 2021, to shareholders of record at the close of business on December 31, 2020. 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 Energy Inc. (“Gibson” or the “Company”), (TSX: GEI) is a Canadian-based oil infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of … Continue Reading

CALGARY, Alberta, Nov. 02, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today its financial and operating results for the three and nine months ended September 30, 2020.

“In what remains a challenging environment for our industry, the resilient nature of our Infrastructure segment’s long-term, contracted cash flows continued to underpin our strong quarterly operating and financial results as well as our solid financial position,” said Steve Spaulding, President and Chief Executive Officer.   “Despite the challenges brought on by COVID-19, during the third quarter we placed additional gathering and terminalling infrastructure in the U.S. into service ahead of schedule and … Continue Reading

CALGARY, Alberta, Oct. 06, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. announced today it expects to release its 2020 third quarter financial and operating results on Monday, November 2, 2020 after the close of North American markets. The 2020 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 2020 third quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, November 3, 2020.… Continue Reading

CALGARY, Alberta, Oct. 01, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. and Trellis (formerly the Boys & Girls Clubs of Calgary and Aspen Family & Community Network Society) announced today a $1 million donation – the largest contribution in Gibson’s history – to provide mental health support to youth through a five-year partnership.

“Understanding that the majority of mental health issues start at a young age, we are hopeful that Gibson’s support of early intervention and prevention of mental health challenges will improve the lives of the next generation,” said Steve Spaulding, President and Chief Executive Officer of Gibson. “We … Continue Reading

CALGARY, Alberta , Aug. 31, 2020 (GLOBE NEWSWIRE) — Gibson announced today that Ms. Peggy Montana will join the Company’s Board of Directors effective August 31, 2020.

“We are very pleased to have Peggy Montana join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson.  “Through her significant experience in various board and senior executive roles within the midstream and refined products sectors, predominantly at an international supermajor, Peggy brings a wealth of knowledge of global best practices in health, safety and the successful implementation of processes across an organization.  Her addition reflects the importance of continuously improving Gibson’s … Continue Reading

CALGARY, Alberta, Aug. 27, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the initiation of a Normal Course Issuer Bid (“NCIB”).

Gibson’s Board of Directors has approved a NCIB, and the Toronto Stock Exchange (the “TSX”) has accepted Gibson’s Notice of Intention to Make a NCIB, enabling the Company to purchase and cancel up to 10%, or 11,765,180, of the public float for the issued and outstanding common shares as of August 24, 2020 over the next 12 months commencing August 31, 2020 in accordance with the applicable rules and policies of the … Continue Reading

CALGARY, Alberta, Aug. 26, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today the submission of its inaugural climate change questionnaire to CDP (formerly Carbon Disclosure Project) and the creation of its Sustainability and ESG Board Committee.

Submission to CDP
To provide increased transparency for the Company’s stakeholders regarding its environmental and climate-related performance, Gibson has submitted its inaugural climate change questionnaire to CDP. 

“Transparency is the foundation of our sustainability and ESG journey,” said Steve Spaulding, President and Chief Executive Officer.  “Our CDP submission is a critical part of this foundation as it … Continue Reading

CALGARY, Alberta, Aug. 04, 2020 (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, 2020.

“In a very challenging quarter for our industry, Gibson delivered strong operational and financial results, highlighting the resilient nature of our Infrastructure segment’s long-term, contracted cash flows as well as the ability of our Marketing organization to effectively realize available opportunities,” said Steve Spaulding, President and Chief Executive Officer.  “Our first priority continues to be our COVID-19 response, including protecting our people and our customers, and … Continue Reading

All financial figures are in Canadian dollars unless otherwise noted

CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today that its Board of Directors has approved a quarterly dividend of $0.34 per common share payable on October 16, 2020, to shareholders of record at the close of business on September 30, 2020.  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, July 14, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”), (TSX: GEI), announced today that it has closed the previously announced offering of $650 million of senior unsecured medium term notes consisting of $325 million of 2.45% notes maturing on July 14, 2025 and $325 million of 2.85% notes maturing on July 14, 2027.  

Gibson intends to use the net proceeds from the sale of the notes for the redemption of its outstanding $600 million 5.25% senior unsecured notes due July 15, 2024 (the “2024 Notes”), to reduce outstanding indebtedness under its revolving credit facility … Continue Reading

CALGARY, Alberta, July 07, 2020 (GLOBE NEWSWIRE) — Gibson Energy Inc. (“Gibson” or the “Company”) (TSX: GEI), announced today it expects to release its 2020 second quarter financial and operating results on Tuesday, August 4, 2020 after the close of North American markets.  The 2020 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 2020 second quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern … Continue Reading