Business
Gibson Energy Delivers Record Throughput and Continued Growth Across Canadian and U.S. Terminals in Q3 2025
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Nov....
About this update from Gibson Energy Inc.
[{"type":"text","content":"Gibson Energy Delivers Record Throughput and Continued Growth Across Canadian and U.S. Terminals in Q3 2025\n\n\n\n\n All financial figures are in Canadian dollars unless otherwise noted\n \n\n\n CALGARY, Alberta, Nov. 03, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) (\"Gibson\" or the \"Company\") announced today its financial and operating results for the three and nine months ended September 30, 2025.\n \n\n\n\n\n Key Highlights:\n \n\n\n Delivered Infrastructure Adjusted EBITDA\n \n (1)\n \n of $154 million, driven by strong volume growth\n \n\n Canadian record of 1.5 mmbbl per day, a 26% increase year-over-year, led by Hardisty and TMX-connected tanks at Edmonton\n \n\n Record throughput in the U.S., driven by a new high water mark of 717 mbbl per day at Gateway, 30% higher year-over-year, due primarily to the completion of the dredging project\n \n\n Generated in excess of $9 million in recurring and non-recurring cost savings during the quarter, increasing DCF per share by 10%, and positioning Gibson to exceed its $25 million target for 2025\n \n\n Appointment of Blake Hotzel as SVP, Commercial Development U.S., bringing over 20 years of commercial experience\n \n\n 9.8 million hours and counting without a lost-time injury, highlighting our continued focus on maintaining a best-in-class safety performance\n \n\n\n\n\n\n\n\n\n\n “It was another strong quarter for Gibson, as our customers drove record throughput across our Canadian and U.S. terminals,” said Curtis Philippon, President & Chief Executive Officer. “This growth in volumes underscores the critical role our assets play in the global energy value chain and our ability to help customers move their products safely, efficiently, and to global markets at the highest possible netback.”\n \n\n\n Financial Highlights:\n \n\n\n\n Infrastructure Adjusted EBITDA\n \n (1)\n \n of $154 million in the third quarter, a $4 million increase from the third quarter of 2024, primarily due to higher throughput at Edmonton and Gateway, and lower operating costs due to the cost focus campaign, partially offset by the disposal of non-core assets in the prior period\n \n\n Marketing Adjusted EBITDA\n \n (1)\n \n of $7 million in the third quarter, a $7 million decrease from the third quarter of 2024, reflecting a challenging near-term environment\...