Gibson Energy Inc. announced today that it expects to release its 2020 fourth quarter and year-end financial and operating results on Monday, February 22, 2021 after the close of North American markets. The 2020 fourth quarter and year-end management's discussion and analysis and audited consolidated financial statements will be available on the Company's website at www.gibsonenergy.com and on SEDAR at www.sedar.com [...]
Gibson Energy Inc. announced today that it has completed the previously announced redemption of its outstanding 5.25% convertible unsecured debentures due July 15, 2021 . The redemption terms were in accordance with the provisions of the trust indenture governing the Debentures, and were as follows: Redemption Date December 23, 2020 Redemption Price $1,000 per $1,000 principal amount Accrued and Unpaid Interest $23.16 per [...]
Gibson Energy Inc. announced today that it has closed the previously announced offering of $250 million of 5.25% fixed-to-fixed rate subordinated notes due December 22, 2080 . Gibson intends to use the net proceeds from the Offering to fund the previously announced redemption of the 5.25% convertible unsecured debentures due July 15, 2021, to reduce outstanding indebtedness under its revolving credit facility and for [...]
Gibson Energy Inc. announced today that it will issue $250 million of 5.25% fixed-to-fixed rate subordinated notes due December 22, 2080 . The Offering is expected to close on or about December 22, 2020, subject to customary closing conditions. Gibson intends to use the net proceeds from the Offering to fund the previously announced redemption of its outstanding 5.25% convertible unsecured debentures due July 15, 2021, to [...]
Gibson Energy Inc. announced today that it has reached another milestone in its sustainability journey by being recognized by CDP , a recognized leader in environmental reporting, by receiving an A- rating. CDP’s scoring methodology assesses companies on the comprehensiveness of their disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership [...]
Gibson Energy Inc. announced today its outlook for growth capital expenditures in 2021 of up to $200 million. Projects currently sanctioned by the Board of Directors, or with strong line of sight thereto, comprise approximately two-thirds of that figure. Additionally, the Board of Directors has approved the allocation of between $25 million and $30 million in replacement capital expenditures in 2021. “While we have been [...]
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 . “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 [...]
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. 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 [...]
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 [...]
Gibson Energy Inc. and Trellis 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 [...]
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 [...]
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