Gibson Energy Reports 2025 Fourth Quarter and Full Year Results Highlighted by Record Infrastructure EBITDA and Announces 5% Dividend Increase

About this update from Gibson Energy Inc.

All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, Feb. 17, 2026 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) ("Gibson" or the "Company") announced today its financial and operating results for the three and twelve months ended December 31, 2025. “We delivered strong fourth quarter results, closing out a record year for Gibson in 2025,” said Curtis Philippon, President & Chief Executive Officer. “Year-over-year fourth quarter performance was driven by the Cactus II connection at Gateway, the successful execution of our dredging project, and the start-up of our Baytex partnership in the Duvernay. Subsequent to quarter-end, we announced the strategic and accretive acquisition of Teine's Chauvin Infrastructure Assets, which enhances our Canadian crude infrastructure footprint and creates an additional platform for long-term growth. Together, with the previously announced Wink-to-Gateway Integration project, these initiatives support our targeted 7%+ Infrastructure EBITDA per share growth over the next five years and underpin our ability to continue delivering sustainable shareholder returns.” Financial Highlights: Strategic Developments and Highlights: (1)   Adjusted EBITDA and distributable cash flow are non-GAAP financial measures. See the “Specified Financial Measures” section of this release. (2)   Net debt to adjusted EBITDA ratio and dividend payout ratio are non-GAAP financial ratios. See the “Specified Financial Measures” section of this release. Management’s Discussion and Analysis and Financial Statements The 2025 fourth quarter Management’s Discussion and Analysis and audited Consolidated Financial Statements provide a detailed explanation of Gibson’s financial and operating results for the three months and year ended December 31, 2025, as compared to the three months and year ended December 31, 2024. These documents are available at www.gibsonenergy.com and on SEDAR+ at www.sedarplus.ca . Earnings Conference Call & Webcast Details A conference call and webcast will be held to discuss the 2025 fourth quarter and year-end financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Wednesday, February 18, 2026. To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL: Registration at least five minutes prior to the conference call is recommended. This call will also be broadcast live on the Internet and may be accessed directly at the following URL: The webcast will remain accessible for a 12-month period at the above URL. Supplementary Information Gibson has also made available certain supplementary information regarding the 2025 fourth quarter and full year financial and operating results, available at www.gibsonenergy.com . About Gibson Gibson is a leading liquids infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit www.gibsonenergy.com . Forward-Looking Statements Certain statements contained in this press release constitute forward-looking information and statements (collectively, “forward-looking statements”). All statements other than statements of historical fact are forward-looking statements. The use of any of the words ‘‘anticipate’’, ‘‘continue’’, ‘‘expect’’, “enhance”, “extend”, ‘‘may’’, ‘‘will’’, and “target” and similar expressions are intended to identify forward-looking statements. Forward-looking statements included or referred to in this press release include, but are not limited to, statements concerning: the anticipated timing and completion of the acquisition of Teine's Chauvin infrastructure assets, and the benefits to be derived therefrom; Gibson’s ability to achieve its financial targets and the anticipated timing thereof; Gibson’s ability to deliver sustainable shareholder returns; and Gibson’s anticipated strategic footprint and expected infrastructure growth. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in “Forward-Looking Information” and “Risk Factors” included in the Company's Annual Information Form and Management's Discussion and Analysis, each dated February 17, 2026, as filed on SEDAR+ and available on the Gibson website at www.gibsonenergy.com . For further information, please contact: Investor Relations Phone: (403) 776-3077 Email: [email protected] Media Phone: (403) 476-6334 Email: [email protected] Specified Financial Measures This press release refers to certain financial measures that are not determined in accordance with GAAP, including non-GAAP financial measures and non-GAAP financial ratios. Readers are cautioned that non-GAAP financial measures and non-GAAP financial ratios do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other entities. Management considers these to be important supplemental measures of the Company’s performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in industries with similar capital structures. For further details on these specified financial measures, including relevant reconciliations, see the "Specified Financial Measures" section of the Company’s MD&A for the years ended December 31, 2025 and 2024 , which is incorporated by reference herein and is available on Gibson's SEDAR+ profile at www.sedarplus.ca and Gibson's website at www.gibsonenergy.com . a)    Adjusted EBITDA Noted below is the reconciliation to the most directly comparable GAAP measures of the Company's segmented and consolidated adjusted EBITDA for the three and twelve months ended December 31, 2025, and 2024:   b)   Distributable Cash Flow The following is a reconciliation of distributable cash flow from operations to its most directly comparable GAAP measure, cash flow from operating activities:   c)   Dividend Payout Ratio   d)   Net Debt To Adjusted EBITDA Ratio

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