Gibson Energy reports Q1 2026 results and hits one billion barrels at Gateway terminal
Gibson Energy Inc. has released its financial and operational results for the first quarter of 2026. The company also marked a major milestone by safely loading over one billion barrels at its Gateway terminal since its launch in 2020. Recent moves include a $400 million acquisition and a significant equity financing round.
During the quarter, Gibson completed the $400 million purchase of the Chauvin asset, expanding its core infrastructure. The company also gave the green light to the Hardisty Connection growth project, further strengthening its network. To fund part of the Chauvin deal, Gibson raised $215 million through an equity financing.
The company reported an Adjusted EBITDA of $139 million for the quarter, a slight drop of $3 million compared to the same period in 2025. Infrastructure operations remained stable, with Adjusted EBITDA holding at $156 million—up by $1 million year-over-year. Meanwhile, Marketing Adjusted EBITDA rose to $3 million, a $3 million improvement from early 2025. Gibson also posted a net loss of $1 million, a significant reduction from the $52 million loss recorded in the first quarter of 2025. To boost efficiency, the company restructured its organisation, aiming for around $10 million in annual savings starting in 2027.
The quarter saw Gibson achieve a key operational milestone at Gateway while expanding its infrastructure through acquisitions and projects. With a net loss far lower than the previous year and a focus on cost savings, the company continues to strengthen its position in the energy sector. The restructuring and new investments are set to shape its performance in the coming years.
