04:46 PM EST, 11/03/2025 (MT Newswires) -- Gibson Energy ( GBNXF ) after trade Monday said its third-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 $45.7 million in the quarter, down from $53.9 million a year prior. The company did not provide per-share amounts.

In the quarter ended Sept. 30, Infrastructure adjusted EBITDA was $154.2 million, up from $149.9 million in the same period in 2024. The company said that the increase was driven by higher throughput at the Edmonton and Gateway facilities and lower operating costs from the company's cost focus campaign, partly offset by the sale of non-core assets in the prior period.

Marketing adjusted EBITDA came in at $6.7 million, down from $14.2 million a year ago, "reflecting a challenging near-term environment," it added.

On a consolidated basis, adjusted EBITDA totaled $147.1 million, down from $151.2 million in the year-ago quarter. Gibson Energy ( GBNXF ) said that the decline was mainly due to weaker results in the Marketing segment, partly offset by stronger Infrastructure performance.

"It was another strong quarter for Gibson, as our customers drove record throughput across our Canadian and U.S. terminals," Chief Executive Curtis Philippon said.

The board approved a quarterly dividend of $0.43 per share, the same as the previous quarter, payable on Jan. 16 to shareholders of record at the close of business on Dec. 30.

Gibson shares closed down $0.16 to $23.75 on the Toronto Stock Exchange.