04:29 PM EDT, 05/05/2025 (MT Newswires) -- Gibson Energy ( GBNXF ) on Monday said its first-quarter profit rose, but revenue missed estimates.

The oil infrastructure and marketing company said it earned $50 million in the quarter, up from $41 million in the prior year period. The increase was due to lower general and administrative costs, partially offset by higher corporate foreign exchange losses. The company did not provide per share amounts.

Revenue of $2.75 billion fell by $541 million over the same period, primarily due to the impact of reduced sales volumes and lower commodity prices within the Marketing segment. The result missed the consensus analyst estimate of $2.86 billion, according to Capital IQ.

"We are off to a solid start to 2025, delivering record quarterly Infrastructure EBITDA," said chief executive Curtis Philippon. "Our cost focus efforts continue to deliver results, and we are seeing great progress on our key capital projects at Gateway. With a revitalized leadership team in place and disciplined execution underway, we are well positioned to deliver a strong finish to the year."

The company will pay a regular quarterly dividend of $0.43 per share on July 17.

Gibson shares closed down $0.14 to $21.54 on the Toronto Stock Exchange.