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Gibson Energy (GEI) investor relations material
Gibson Energy Investor Day 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic direction and growth targets
Targeting over 7% infrastructure EBITDA per share growth through 2030, with a clear line of sight to over 100% total shareholder return in five years.
Growth strategy centers on disciplined capital allocation, optimizing core crude oil infrastructure assets, leveraging 'crown jewel' assets in Canada and the U.S., and expanding through organic projects, select M&A, and partnerships.
Infrastructure platform has become more diversified and resilient, with tankage capacity increasing by over 130% since 2019 and EBITDA more than doubling.
Announced a $150 million growth capital program for 2026, including a $50 million Wink to Gateway integration project to enhance export capacity.
Five-year capital deployment plan of $700 million to $1 billion across producer partnerships, pipeline extensions, tank additions, DRU expansions, and optimization projects.
Financial guidance and capital allocation
Infrastructure EBITDA has grown at an 8% CAGR since 2020, with a consistent dividend supported by an 80% payout ratio and six consecutive annual increases.
Over 95% of infrastructure revenue is secured by take-or-pay or fee-for-service contracts with investment-grade counterparties.
Balance sheet leverage targeted at 4x or less, with 75% of capital priorities funded by internally generated cash flow; leverage ratios expected to return to 3.0–3.5x.
$25 million in annual cost savings achieved in 2025, reducing operating costs per barrel by nearly 30% year over year.
Dividend growth and share buybacks prioritized after funding growth and maintaining a strong balance sheet.
Asset performance and operational highlights
Hardisty terminal achieved record throughput of 1.1 million barrels per day in 2025, with strong customer base and long-term contracts.
Edmonton terminal doubled its footprint and volumes year over year, supported by new TMX-connected tanks and a 25-year biofuels contract.
Gateway terminal on the U.S. Gulf Coast reached a quarterly record of 717,000 barrels per day, a 30% increase year over year.
Wink facility now directs nearly 90% of volumes to Gateway, with a monthly high of 55,000 barrels per day.
2025 marked a record year with major infrastructure enhancements and record throughput of 2.3 million barrels per day.
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