Canada's Gibson Energy Q2 net income rises on record Infrastructure segment EBITDA

Gibson Energy

27/07/2026 21:10

Overview
Canada liquids infrastructure firm's Q2 net income rose yr/yr, driven by record Infrastructure EBITDA
Record Infrastructure adjusted EBITDA driven by higher throughput, utilization, and asset optimization
Company completed C$400 mln Chauvin acquisition, advancing long-term Infrastructure growth strategy

Outlook
Company expects net debt to adjusted EBITDA ratios to remain temporarily elevated
Gibson sees a more constructive environment for Canadian energy infrastructure due to recent market access and pipeline developments

Result Drivers
TERMINAL THROUGHPUT - Co said higher throughput at Gateway and Edmonton terminals and Chauvin assets drove Infrastructure segment growth
REFINED PRODUCT MARGINS - Co said higher crack spreads and product mix diversification boosted Marketing segment margins

Company press release: ID:nGNX5mY1WF

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Income
 
C$83 mln
 
Q2 Dividend
 
C$0.45
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 5 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas refining and marketing peer group is "buy."
Wall Street's median 12-month price target for Gibson Energy Inc is C$30.50, about 2% below its July 24 closing price of C$31.11
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 20 three months ago

Reuters Recommended Reads
July 25 - Kuwait's KPC signs $16 billion lease and leaseback deal for oil pipeline network
July 27 - Germany's Hochtief H1 operational net profit rises on infrastructure demand; raises guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)