Gibson Energy Inc. , , announced today that it has agreed to issue $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 10 years from the date of issue. The offering of the Notes is expected to close on or about September 17, 2019, subject to customary closing conditions. Gibson intends to use the net proceeds from [...]
Gibson Energy Inc. , , announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on October 17, 2019, to shareholders of record at the close of business on September 30, 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 six months ended June 30, 2019. “Gibson continued to deliver strong operational and financial results in the second quarter, with distributable cash flow up 40% relative to the comparable quarter in 2018, while also advancing our strategy, including the completion of our non-core asset disposition process,” said Steve [...]
Gibson Energy Inc. , , announced that S&P Global Ratings has raised its long-term issuer credit rating and senior unsecured debt ratings on the Company to “BBB–” with a “Stable” outlook. This represents the Company’s second Investment Grade rating, as Gibson is currently assigned a “BBB ” rating by DBRS Limited. “We are very pleased to have secured a second Investment [...]
Gibson Energy Inc. , , announced today it expects to release its 2019 second quarter financial and operating results on Tuesday, August 6, 2019 after the close of North American markets. The 2019 second 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 [...]
Gibson Energy Inc. , , announced today it has closed the sale of its Canadian Truck Transportation businesses to Trimac Transportation for gross proceeds of approximately $70 million prior to customary closing adjustments, with the potential for additional proceeds depending on the performance of the business over the next several years. As part of the sale of its Canadian Truck Transportation businesses, Gibson has also [...]
Gibson Energy Inc. , , announced today the voting results for the election of directors at the Company’s annual general meeting of shareholders that was held on May 7, 2019. Voting Results Name of Nominee Votes For For Votes Withheld Withheld James M. Estey 108,053,227 98.98% 1,109,371 1.02% Douglas P. Bloom 108,301,108 99.21% 861,490 0.79% James J. Cleary 108,086,192 99.01% 1,076,406 0.99% John L. Festival [...]
All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. , , announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on July 17, 2019, to shareholders of record at the close of business on June 28, 2019. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson’s [...]
All financial figures are in Canadian dollars unless otherwise noted Gibson Energy Inc. , , announced today its financial and operating results for the three months ended March 31, 2019. “Gibson delivered strong, consistent financial and operational results in the first quarter, with Infrastructure benefiting from 1.1 million barrels of new tankage at Hardisty as well as the Viking Pipeline entering service during [...]
Gibson Energy Inc. , , announced today it expects to release its 2019 first quarter financial and operating results on Monday, May 6, 2019 after the close of North American markets. The 2019 first 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 [...]
All financial figures are in Canadian dollars unless noted otherwise Gibson Energy Inc. , , announced today the sale of its Canadian Truck Transportation business for aggregate proceeds of approximately $100 million prior to closing adjustments and contingent bonus payments to Gibson. With the sale of the Canadian Truck Transportation business, Gibson has successfully completed all of the non-core divestitures announced [...]
Gibson Energy Inc. , , announced today that its Board of Directors has approved a quarterly dividend of $0.33 per common share payable on April 17, 2019, to shareholders of record at the close of business on March 29, 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 [...]