07:32 AM EST, 12/02/2025 (MT Newswires) -- Gibson Energy ( GBNXF ) said Tuesday that it renewed and extended contracts with certain oil sands customers at the Edmonton terminal in Alberta.

The company said it renewed a 20-year take-or-pay refined products services agreement with a senior integrated oil sands customer.

Gibson also extended a terminal storage take-or-pay agreement by an additional 10 years with a senior integrated oil sands customer.

In addition, Gibson said it has sanctioned an infrastructure project in Texas to further support U.S. growth.

"The extension of these long-term, take-or-pay contracts at Edmonton speaks to the growing demand for our infrastructure services and the essential role our assets play in supporting our customers," Gibson President and Chief Executive Officer Curtis Philippon said.

Meanwhile, Gibson announced a 2026 growth capital guidance of C$150 million, including approximately C$50 million of sanctioned capital predominantly related to the Wink-to-Gateway integration project.

The board also approved a replacement capital expenditure program of $50 million-$60 million in 2026.

With its capital program, Gibson said it remains fully funded for its operations in 2026.