Gibson Energy (TSE:GEI)
TSX:GEI
Earnings Data
Report Date
May 04, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.32Last Year’s EPS
0.3Same Quarter Last Year
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive: management reported record infrastructure performance (record infrastructure adjusted EBITDA, +13% throughput), material cost savings (>$25M) that increased DCF per share by 8%, successful Gateway execution and a strategic, leverage-neutral Chauvin acquisition expected to be accretive and to de-risk the multi-year growth plan (>7% infrastructure EBITDA growth target). Headwinds are concentrated in the Marketing segment (muted earnings and low storage/backwardated market), a trailing dividend payout ratio above target (84%) and near-term leverage that management expects to reduce through 2026. Overall, operational and financial strengths, confirmed credit ratings, and clear growth projects outweigh the marketing and timing-related challenges.Company Guidance
Record Infrastructure Adjusted EBITDA
Infrastructure adjusted EBITDA reached a record $622 million for full-year 2025 (up from $601 million in 2024, ~+3.5%), with a new quarterly high watermark in Q4 and Q4 infrastructure adjusted EBITDA of ~ $160 million.
Throughput Growth
Infrastructure throughput across core terminals increased ~13% year-over-year, equating to ~95 million additional barrels, driven primarily by Gateway and Edmonton and completed capital projects.
Gateway Execution and Capacity Milestones
Completed dredging and Cactus II connection increased Gateway throughput to a new high of 815,000 barrels per day (January 2026); delivered the 15%–20% run-rate EBITDA growth objective for the asset; sanctioned $50 million Wink-to-Gateway integration project expected in service by Q3.
Strategic Acquisition — Chauvin
Entered agreement to acquire Teine Energy’s Chauvin assets for $400 million (expected close Q2 2026), executed at a mid-7x multiple with a path to <7x, expected to be mid-single-digit accretive to DCF per share, leverage-neutral and financed with $215 million equity financing; transaction supports expansion projects and Hardisty connectivity.
Contract Backlog and Revenue Visibility
Renewed several major take-or-pay contracts (10–20 years) at Edmonton and Hardisty, increasing contract backlog by approximately $500 million and reinforcing contracted cash flow quality.
Cost Savings and Cash Flow Improvement
Generated more than $25 million of recurring and nonrecurring cost savings in 2025, which increased distributable cash flow (DCF) per share by 8% and contributed to improved cash flow quality.
Balance Sheet and Ratings Stability
Year-end net debt to adjusted EBITDA was ~3.9x with infrastructure-adjusted leverage ~4x (consistent with targets); both S&P and DBRS reaffirmed stable investment-grade credit ratings following the Chauvin announcement.
Shareholder Returns and Dividend Increase
Declared seventh consecutive annual dividend increase to $0.45 quarterly (a 5% YoY increase); long-term payout target reiterated at 70%–80% of DCF and infrastructure-only payout at 78%.
Quarterly Consolidated and DCF Improvements
Consolidated adjusted EBITDA in Q4 was ~ $145 million (+$15 million YoY) and distributable cash flow in Q4 was ~ $79 million (+$8 million YoY).
TSE:GEI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TSE:GEI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 17, 2026 | C$28.03 | C$27.49 | -1.93% |
Nov 03, 2025 | C$23.00 | C$21.95 | -4.59% |
Jul 28, 2025 | C$23.64 | C$23.86 | +0.97% |
May 05, 2025 | C$20.17 | C$20.65 | +2.41% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Gibson Energy (TSE:GEI) report earnings?
Gibson Energy (TSE:GEI) is schdueled to report earning on May 04, 2026, After Close (Confirmed).
What is Gibson Energy (TSE:GEI) earnings time?
Gibson Energy (TSE:GEI) earnings time is at May 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:GEI EPS forecast?
TSE:GEI EPS forecast for the fiscal quarter 2026 (Q1) is 0.32.