SUBSCRIBE
PROFILE

Gibson Energy sets throughput record across terminals in Q3 2025

Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Gibson Energy Inc. reported a quarter marked by a significant increase in transit volumes, reaching unprecedented levels across its Canadian and U.S. terminals. The Calgary-based company posted a net income of CAD46mn ($33.2mn) for the third quarter of 2025, down from CAD54mn ($39mn) in the previous year, despite growth in its core business.

Increased volumes at Hardisty and Gateway terminals

Volumes at Canadian facilities reached 1.5mn barrels per day, a 26% year-over-year increase. This performance was driven by strong operations at the Hardisty and Edmonton terminals, connected to the Trans Mountain Expansion (TMX) project. In the U.S., the company recorded a high of 717,000 barrels per day at the Gateway terminal, up 30%, attributed to the completion of a dredging project that enhanced operational capacity.

Mixed financial results with stable fundamentals

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) from the Infrastructure segment stood at CAD154mn ($111.2mn), up CAD4mn ($2.9mn) year-over-year, despite the sale of non-core assets. Meanwhile, the Marketing segment declined with an EBITDA of CAD7mn ($5mn), compared to CAD14mn ($10.1mn) the previous year, reflecting a less favourable market. Consolidated EBITDA decreased to CAD147mn ($106.1mn), down CAD4mn ($2.9mn).

Cost optimisation and capital reinforcement

Gibson Energy generated over CAD9mn ($6.5mn) in recurring and non-recurring cost savings during the quarter, leading to a 10% increase in distributable cash flow per share. The net debt to adjusted EBITDA ratio rose to 3.9x, from 3.2x a year earlier, due in part to the issuance of CAD375mn ($270.6mn) in 4.45% notes, used to refinance existing debt.

Operational outlook and strategic appointments

The company recently completed the construction of infrastructure supporting its long-term partnership with Baytex Energy Ltd., established under a take-or-pay and area dedication agreement. Concurrently, Gibson strengthened its leadership team with the appointment of Blake Hotzel as Senior Vice President, U.S. Commercial Development, bringing more than 20 years of sector experience, including roles at Tallgrass and Phillips 66.

The company also maintained its distribution policy, approving a quarterly dividend of CAD0.43 ($0.31) per common share, payable on January 16, 2026.

  • Popular on energynews.pro
Akuo begins construction of 200 MWh storage facility in New Caledonia
HASI and KKR inject additional $1bn into joint venture for sustainable infrastructure
Ember: Emerging markets reshape the global race for electric vehicles
OX2 launches construction of 277 MW onshore wind farms in Finland
TotalEnergies sells 9.998% stake in Malaysia’s SK408 block to PTTEP
EDF could sell Edison and its US renewables assets
EDF is considering selling some of its subsidiaries, including Edison and its renewables activities in the United States, to strengthen its financial capacity as a €5bn ($5.43bn) savings plan is underway.
Qair secures inaugural €240 million syndicated loan with ten international banks
French group Qair secures a structured €240 million loan to consolidate debt and strengthen liquidity, with participation from ten leading financial institutions.
Xcel Energy launches $345mn bond buyback offer for its subsidiary NSPM
Xcel Energy initiates three public tender offers totalling $345mn on mortgage bonds issued by Northern States Power Company to optimise its long-term debt structure.
Umoyilanga hybrid project reaches major milestone with Dassiesridge plant commissioning
EDF power solutions' Umoyilanga energy project has entered provisional operation with the Dassiesridge wind plant, marking a key milestone in delivering dispatchable electricity to South Africa’s national grid.
JSW Energy targets $1.19bn capital raise to support its investment cycle through 2030
Indian group JSW Energy launches a combined promoter injection and institutional raise totalling $1.19bn, while appointing a new Chief Financial Officer to support its expansion plan through 2030.
Sembcorp acquires Alinta Energy for AU$6.5bn to enter Australian power market
Singapore’s Sembcorp Industries has entered the Australian energy market with the acquisition of Alinta Energy in a deal valued at AU$6.5bn ($4.3bn), including debt.
Potentia Energy secures $553mn financing to support its Australian portfolio
Potentia Energy has secured $553mn in financing to optimise its operational renewable assets and support the delivery of six new projects totalling over 600 MW of capacity across Australia.
Drax to invest up to £2bn to transform coal power station into data centre
Drax plans to convert its 1,000-acre site in Yorkshire into a data centre by 2027, repurposing former coal infrastructure and existing grid connections.
EDF installs 180-tonne synchronous compensator in Guadeloupe to secure power grid
EDF has inaugurated a synchronous compensator in Guadeloupe to enhance the stability of an isolated power grid, an unprecedented initiative aiming to reduce dependence on thermal plants and the risk of prolonged outages.
NGE and AREC launch an energy network to shape Magna Porta
NGE and the Agence Régionale Énergie Climat Occitanie form a partnership to develop a heating and cooling network designed to support economic activity in the Magna Porta zone, with locally integrated production solutions.
GEODIS and EDF sign deal to decarbonise global logistics chain
GEODIS and EDF have signed a strategic partnership to cut emissions from logistics and energy flows, with projects planned in France and abroad.
ExxonMobil cuts $10 billion from its low-carbon plans by 2030
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells 49% of its Pilbara power network to GIP for $2 billion
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
Chinese cleantech investments reshape the global industrial energy map
More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
Exxaro expands its energy assets and strengthens renewable capacity
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plenitude acquires ACEA Energia for €587mn and accelerates European growth
Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
ABB takes stake in OctaiPipe to optimise data centre operations
ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
Enbridge forecasts EBITDA up to CAD20.8bn for 2026 and raises dividend
Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
Axess Group signs strategic agreement with ARO Drilling in Saudi Arabia
Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
Eskom forecasts $937 million profit for 2026 fiscal year
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.