Strong Project Execution
Completion of major capital projects like the Gateway dredging project, Moose Jaw facility turnaround, and Hardisty DRU, all executed on time and under budget, with 0 recordable incidents.
Record Safety Milestone
Gibson achieved over 9.5 million hours without a lost time injury, maintaining top quartile safety performance.
Increased Throughput at Gateway
Gateway's throughput increased from approximately 600,000 to over 700,000 barrels per day, with a new record of 755,000 barrels per day, leading to a market share increase in Corpus Christi to over 30%.
Positive Momentum in Infrastructure EBITDA
Infrastructure segment reported adjusted EBITDA of $153 million, close to the previous high watermark.
Cost-Saving Initiatives
On track to exceed $25 million in run rate cost savings by end of 2025, with high participation from Gibson employees.
Strong Distributable Cash Flow
$81 million in distributable cash flow in Q2, despite challenges.