Record Infrastructure Adjusted EBITDA
Gibson Energy achieved a record $155 million in Infrastructure adjusted EBITDA in Q1 2025, driven by record throughput at Gateway and a full quarter contribution from new tanks with Cenovus in Edmonton.
Safety Achievements
Gibson celebrated 9 million hours without a lost time injury and set a new record for total recordable incident frequency on a rolling 12-month basis.
Successful Dredging Project
The dredging project at Gateway was completed safely, on time, and on budget, enabling the terminal to load 1.6 million barrels on a VLCC or fully load a Suezmax vessel.
Cost Savings Initiative
Gibson implemented over $18 million of cost savings in Q1, well on the way to exceeding the $25 million target, with nearly 80% employee participation.
Strategic Partnership with Baytex
Gibson announced a strategic partnership with Baytex to develop infrastructure in the Duvernay under a 10-year take-or-pay agreement, deploying approximately $50 million in upstream oil batteries and gathering lines.