Gibson Energy (GEI) AGM 2026 summary

Opening remarks and agenda

• Meeting began with a safety moment emphasizing mental health and Mission Zero, followed by a land acknowledgement honoring Indigenous territories.

• Introduction of directors and executive management present and standing for election.

• Outlined agenda: formal business, voting on three matters, CEO update, and Q&A session.

Board and executive committee updates

• Board highlighted Gibson's 70+ year history, resilience, and evolution into a diversified infrastructure platform.

• Emphasized a culture of safety, accountability, and performance, with 95% employee shareholder participation.

• Noted high engagement in community giving and ongoing focus on improving senior management diversity.

Strategic initiatives and plans

• Recent strategic moves included divestments, targeted capital projects, and acquisitions (Moose Jaw, Gateway Terminal, Chauvin Pipeline).

• Strategy centers on crude-focused infrastructure, aiming for over 7% EBITDA per share growth over five years.

• Wink to Gateway integration project advancing on schedule, expected to boost export capacity in the back half of the year.

• Closed CAD 400 million Chauvin acquisition, integrating new assets and employees.