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Gibson Energy Inc. (T:GEI)

Business Focus: Oil & Gas Refining and Marketing (NEC)

Sector:  Energy Industry:  Oil & Gas Refining and Marketing
 
Company Contact
Address: Suite 1700, 440 - 2nd Avenue S.W.
CALGARY AB T2P 5E9
Tel: N/A
Website: https://www.gibsonenergy.com
IR: See website
Key People
Steven R. Spaulding
President, Chief Executive Officer, Director
Sean M. Brown
Chief Financial Officer, Senior Vice President
Omar Ali Khan Saif
Chief Operating Officer, Senior Vice President
Sean M. Wilson
Senior Vice President, Chief Administrative and Sustainability Officer, Corporate Secretary
Kyle John Degruchy
Senior Vice President, Chief Commercial Officer
 
Business Overview
Gibson Energy Inc. is a liquids infrastructure company. The Company's principal businesses consist of the storage, optimization, processing, and gathering of liquids and refined products. Its segments include Infrastructure and Marketing. The Infrastructure segment includes a network of liquids infrastructure assets that include oil terminals, rail loading and unloading facilities, gathering pipelines, a crude oil processing facility, and other small terminals. The Marketing segment is involved in the purchasing, selling, storing, and optimizing of hydrocarbon products as part of supplying the Moose Jaw Facility and marketing its refined products, as well as helping to drive volumes through the Company's key infrastructure assets. The Marketing segment also engages in optimization opportunities. The Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside, Texas, and including a facility in Moose Jaw, Saskatchewan.
Financial Overview
For the three months ended 31 March 2024, Gibson Energy Inc. revenues increased 39% to C$3.29B. Net income decreased 54% to C$40.5M. Revenues reflect Marketing segment increase of 38% to C$3.16B, Infrastructure segment increase of 69% to C$132.5M. Net income was offset by Marketing segment income decrease of 73% to C$19.4M. Dividend per share increased from C$0.37 to C$0.39.
Employees: 2,520 as of Dec 31, 2013
Reporting Currency: Canadian Dollars
Enterprise value: $6,230M as of Mar 31, 2024
Annual revenue (TTM): $11,937M as of Mar 31, 2024
EBITDA (TTM): $514.06M as of Mar 31, 2024
Net annual income (TTM): $166.45M as of Mar 31, 2024
Free cash flow (TTM): $217.61M as of Mar 31, 2024
Net Debt Last Fiscal Year: $2,593M as of Mar 31, 2024
Shares outstanding: 162,543,908 as of Apr 19, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization