Record Throughput Achievements
The company achieved all-time high throughput records at Canadian and U.S. terminals, with a 27% increase from the same quarter in 2024. Edmonton terminal saw a 14% increase from last quarter, and the Gateway terminal set a new record of 717,000 barrels per day.
Safety Milestones
Gibson achieved record levels for total recordable incident frequency and surpassed 9.8 million hours without a lost time injury, reflecting a strong safety culture.
Infrastructure EBITDA Performance
Infrastructure segment delivered near-record EBITDA of $154 million, emphasizing high-quality and stable cash flows with over 95% of adjusted EBITDA before G&A.
Cost Savings Initiative
The company is on track to exceed $25 million in run rate cost savings by the end of 2025, with $9 million contributed to distributable cash flow this quarter from various cost-saving measures.
Strategic Investments and Growth
Completion of strategic projects such as the Cactus II connection and long-term strategic partnership with Baytex, expected to drive sustainable growth and stable cash flows.