Gibson Energy Highlights Record Infrastructure Results, Acquisition Plans

Company announces $400 million deal to expand Hardisty platform and outlines growth projects

Feb. 24, 2026 at 4:07am

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Gibson Energy (TSE:GEI) used its fourth-quarter and full-year 2025 earnings call to highlight record results in its Infrastructure business, progress on major projects at its Gateway terminal, and a recently announced acquisition that management said is intended to extend the company's Hardisty platform and support its longer-term growth plan.

Why it matters

The strong performance of Gibson's Infrastructure segment and the strategic acquisition demonstrate the company's focus on expanding its midstream assets and capabilities to capitalize on growing energy infrastructure demands in Western Canada.

The details

Key highlights from the earnings call include: record adjusted EBITDA of C$160 million in Q4 for the Infrastructure segment, driven by recently completed capital projects and higher throughput volumes; the sanctioning of the $50 million Wink-to-Gateway Integration Project to enhance supply optionality; and the announcement of a C$400 million deal to acquire Teine Energy's Chauvin crude oil infrastructure assets, which is expected to strengthen Gibson's Hardisty platform. Management outlined a clear path to improve the acquisition's leverage profile through identified growth and optimization opportunities.

  • Gibson Energy completed the dredging project and the Cactus II pipeline connection at its Gateway terminal in 2025.
  • The company sanctioned the $50 million Wink-to-Gateway Integration Project, which is expected to enter service in Q3 2026.
  • Gibson announced the C$400 million acquisition of Teine Energy's Chauvin assets, which is expected to close in Q2 2026.

The players

Gibson Energy Inc.

An oil infrastructure company that collects, stores, and processes crude oil and refined products, with reportable segments in marketing and infrastructure.

Curtis Philippon

President and CEO of Gibson Energy.

Riley Hicks

Chief Financial Officer of Gibson Energy.

Teine Energy

An energy company whose Chauvin crude oil infrastructure assets are being acquired by Gibson Energy.

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