Gibson Energy Inc.

Gibson Energy Inc. announced today its financial and operating results for the three months and fiscal year ended December 31, 2020. "Gibson proved very resilient through a challenging year for our industry, a result of our strategic focus on long-term, stable Infrastructure cash flows, maintaining a strong balance sheet and not relying on variable businesses to fund our dividend nor capital program," said Steve [...]

Gibson Energy Inc. announced today that its Board of Directors has approved a quarterly dividend of $0.35 per common share, an increase of $0.01 per common share, which will be payable on April 16, 2021, to shareholders of record at the close of business on March 31, 2021. This dividend is designated as an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Gibson's dividends are subject to [...]

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 [...]