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Gibson Energy Announces Major Contract Extensions of 20 and 10 Years at Edmonton, Sanctioning of New Wink-to-Gateway Integration Project, and $150 Million of Growth Capital in 2026
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Dec....
About this update from Gibson Energy Inc.
[{"type":"text","content":"Gibson Energy Announces Major Contract Extensions of 20 and 10 Years at Edmonton, Sanctioning of New Wink-to-Gateway Integration Project, and $150 Million of Growth Capital in 2026\n\n\n\n\n All financial figures are in Canadian dollars unless otherwise noted\n \n\n\n CALGARY, Alberta, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (“Gibson” or the “Company”) announced today that it has renewed a 20-year take-or-pay refined products services agreement with a senior integrated oil sands customer at its Edmonton Terminal and has extended a terminal storage take-or-pay  agreement by an additional 10 years with a senior integrated oil sands customer. The Company also sanctioned an infrastructure project in Texas to further support U.S. growth.\n \n\n\n\n\n\n Key Highlights:\n \n\n\n Renewed refined products services agreement with a senior integrated oil sands company at Edmonton by 20 years\n \n\n Extended terminal storage agreement with a senior integrated oil sands company at Edmonton by 10 years\n \n\n Announced new Wink-to-Gateway integration capital project of approximately $50 million, which includes new tankage at Wink and a new pipeline connection at Gateway to drive increased throughput\n \n\n Provided 2026 growth capital guidance of $150 million\n \n\n\n\n\n\n\n\n\n\n Contract Extensions of 20 and 10 Years at Edmonton\n \n\n Gibson renewed a 20-year take-or-pay contract supporting refined products services at its Edmonton Terminal with a senior integrated oil sands customer. The Company also extended a terminal storage take-or-pay agreement with a senior integrated oil sands customer covering 800,000 barrels of tankage by an incremental 10 years. These commitments underscore the critical role of the Edmonton Terminal within the broader global energy landscape.\n \n\n “The extension of these long-term, take-or-pay contracts at Edmonton speaks to the growing demand for our Infrastructure services and the essential role our assets play in supporting our customers,” said Curtis Philippon, President & CEO. “We appreciate the continued trust our customers place in us and are proud to support them as a reliable and long-term partner.”\n \n\n\n Growth Capital Guidance\n \n\n The Company also announced its 2026 growth capital guidance of $150 million, incl...