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Gibson Energy ( (TSE:GEI) ) has shared an update.
Gibson Energy reported record financial results for 2024, driven by increased throughput at its Gateway and Edmonton terminals, alongside a strategic focus on re-contracting efforts and growth projects. Despite challenges in the Marketing segment, the company achieved a 5% dividend increase, reflecting improved cash flow stability, although it faced a decrease in net income due to higher costs associated with recent acquisitions and restructuring.
More about Gibson Energy
Gibson Energy Inc. operates in the energy infrastructure industry, focusing on the storage, transportation, and processing of crude oil and refined products. The company is known for its significant operations at key terminals such as Gateway and Edmonton, positioning itself as a crucial player in the Canadian energy market.
YTD Price Performance: -3.37%
Average Trading Volume: 18,368
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.72B
For detailed information about GEI stock, go to TipRanks’ Stock Analysis page.
