04:28 PM EDT, 07/28/2025 (MT Newswires) -- Gibson Energy ( GBNXF ) on Monday said its second-quarter profit and adjusted EBITDA fell year-over-year, mainly due to weaker performance in the Marketing segment.

The oil infrastructure and marketing company said it earned $60.70 million in the quarter, down from $63.33 million, a year prior. The company did not provide per-share amounts.

In the quarter ended June 30, Infrastructure adjusted EBITDA was $153 million, roughly flat compared to the same period in 2024, while Marketing adjusted EBITDA came in at $8 million, reflecting narrow commodity differentials, fewer storage opportunities, and the impact of a planned turnaround at the Moose Jaw facility, the company said.

On a consolidated basis, adjusted EBITDA was $146 million, down $13 million year-over-year, mainly due to lower performance in the Marketing segment and the factors noted above, the company added.

Gibson Energy ( GBNXF ) also said the $3 million decline in its net income was influenced by the same factors affecting EBITDA, as well as unrealized gains on financial instruments and lower general and administrative costs following executive changes and restructuring in 2024.

The board approved a quarterly dividend of $0.43 per share, payable on Oct. 17 to shareholders of record at the close of business on Sept. 30.

The company's shares closed up $0.07 to $24.80 on the Toronto Stock Exchange.