Overview

* Gibson Energy's ( GBNXF ) Q3 infrastructure adjusted EBITDA rises to C$154 mln, driven by strong volume growth

* Net income for Q3 decreases by C$8 mln yr/yr, impacted by segment EBITDA changes

* Company issued C$375 mln senior unsecured notes to repay existing debt

Outlook

* Gibson Energy ( GBNXF ) aims to exceed C$25 mln cost savings target for 2025

* Company issued C$375 mln in senior unsecured notes due 2032

* Gibson reaffirmed investment-grade credit ratings with stable outlooks

Result Drivers

* VOLUME GROWTH - Record throughput in Canada and U.S. driven by Hardisty, TMX-connected tanks, and Gateway terminal

* COST SAVINGS - Achieved over C$9 mln in cost savings, boosting DCF per share by 10%

* MARKETING CHALLENGES - Marketing Adjusted EBITDA decreased by C$7 mln due to a challenging environment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net C$46 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"

* The average consensus recommendation for the oil & gas refining and marketing peer group is "buy"

* Wall Street's median 12-month price target for Gibson Energy Inc ( GBNXF ) is C$26.50, about 9.8% above its October 31 closing price of C$23.91

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)