Gibson Energy Inc. , , announced today that Ms. Judy Cotte will join the Company’s Board of Directors effective March 17, 2020. “We are very excited to have Judy Cotte join Gibson’s Board of Directors,” said James Estey, Chairman of Gibson. “Judy has significant legal experience, including the last 10 years exclusively focused on ESG, and is a recognized expert on ESG and responsible [...]
US Development Group, LLC and Gibson Energy Inc. jointly announced the receipt of all required regulatory approvals from the Government of Alberta to proceed with the construction of a diluent recovery unit near Hardisty, Alberta, Canada. Additionally, USD and Gibson have finalized all required commercial agreements with ConocoPhillips Canada to fully underpin and sanction the construction of the initial phase of the DRU [...]
Gibson Energy Inc. , announced today that its Board of Directors has approved a quarterly dividend of $0.34 per common share, an increase of $0.01 per common share, which will be payable on April 17, 2020, to shareholders of record at the close of business on March 31, 2020. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson’s dividends are [...]
Gibson Energy Inc. , announced today its financial and operating results for the three months and fiscal year ended December 31, 2019. “Gibson continued to deliver strong, consistent operational and financial results throughout 2019, while also executing on the strategy and completing the transformation we outlined at the start of 2018,” said Steve Spaulding, President and Chief Executive Officer. “Over [...]
Gibson Energy Inc. , , announced today it expects to release its 2019 fourth quarter and year-end financial and operating results on Monday, February 24, 2020 after the close of North American markets. The 2019 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 it has sanctioned the construction of one million barrels of new tankage at its Hardisty Terminal. “The sanction of two new tanks at the Top of the Hill will further increase our high-quality, long-term infrastructure revenues and drive continued distributable cash flow per share growth,” said Steve Spaulding, President and Chief Executive Officer. “We are also very [...]
Gibson Energy Inc. , announced today that its Board of Directors has approved a 2020 growth capital expenditure budget of approximately $300 million, comprised predominantly of sanctioned growth projects. Additionally, the Board of Directors has approved the allocation of approximately $25 million in replacement capital expenditures. “Gibson’s ability to continue growing our long-term infrastructure [...]
US Development Group, LLC and Gibson Energy Inc. jointly announced today an agreement to construct and operate a diluent recovery unit near Hardisty, Alberta, Canada. ConocoPhillips Canada has contracted to process 50,000 barrels per day of inlet bitumen blend through the DRU to be shipped by Canadian Pacific and Kansas City Southern Railway Company to the U.S. Gulf Coast. USD and Gibson are currently in commercial [...]
Gibson Energy Inc. , announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on January 17, 2020, to shareholders of record at the close of business on December 31, 2019. 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, 2019. “Gibson continued to deliver strong, consistent operational and financial results in the third quarter, with the continued growth of long-term, high-quality cash flows from our Infrastructure segment while the contribution from Marketing meaningfully exceeded our expectations,” said [...]
Gibson Energy Inc. , announced today it expects to release its 2019 third quarter financial and operating results on Monday, November 4, 2019 after the close of North American markets. The 2019 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. , , announced today that it has closed the previously announced offering of $500 million senior unsecured medium term notes, Series 1 . The Notes will have a fixed coupon rate of 3.60% per annum, payable semi-annually, and will mature on September 17, 2029. Gibson intends to use the net proceeds from the sale of the Notes for the redemption of its outstanding $300 million 5.375% senior unsecured notes [...]