# Gibson Energy Posts C$77 Million Q3 Net Income as Adjusted EBITDA Climbs C$46 Million

> Gibson Energy's third-quarter net income rose C$31 million to C$77 million, with adjusted EBITDA up C$46 million and distributable cash flow at C$120 million.

- Published: 2026-11-02T22:34:09+00:00
- Section: Earnings & Results
- Author: News Desk
- URL: https://newsforagent.com/news/2026-11-02/gibson-energy-q3-net-income
- Source: [Seeking Alpha](https://seekingalpha.com/news/4663006-gibson-energy-reports-q3-results)

## Key takeaways

- Gibson Energy reported third-quarter net income of C$77 million, a C$31 million increase from the third quarter of 2025.
- Adjusted EBITDA on a consolidated basis was C$193 million, up C$46 million year over year.
- Distributable cash flow reached C$120 million, a C$34 million increase from the prior-year quarter.

[Gibson Energy](https://akta.pro/company-profiles/0002n86/gibson-energy) reported third-quarter net income of C$77 million, a C$31 million increase from the third quarter of 2025, [Seeking Alpha](https://seekingalpha.com/news/4663006-gibson-energy-reports-q3-results) reported on November 2, 2026. The Calgary-based liquids infrastructure company also posted consolidated adjusted EBITDA of C$193 million, up C$46 million, and distributable cash flow of C$120 million, up C$34 million.

## Inside Gibson Energy's Third-Quarter Results

Gibson Energy attributed the net income increase primarily to the factors affecting segment adjusted EBITDA, partially offset by higher income tax expense and finance costs. The company said the C$46 million rise in consolidated adjusted EBITDA mainly reflected stronger Infrastructure and Marketing results and adjustments for unrealized gains and losses on financial instruments in both periods, partly offset by higher General and Administrative costs.

Gibson Energy said distributable cash flow rose primarily on the factors behind higher adjusted EBITDA, partially offset by higher finance cost and current income tax expense. The company operates crude oil storage terminals, pipelines and processing facilities, and its terminals handle 1 in 4 barrels exported from the Western Canadian Sedimentary Basin, according to [company records](https://akta.pro/company-data).

## Chauvin Pipeline and Equity Funding Behind the Quarter

Gibson Energy completed the $400 million acquisition of Teine Energy's Chauvin Infrastructure Assets in May 2026, adding a 75-kilometer crude oil gathering pipeline system connecting Chauvin to the Hardisty hub, with capacity expansion planned from 30,000 to 45,000 bbl/d, according to akta.pro company records. The company closed a $215 million bought-deal equity offering at C$26.35 per share in February 2026 to fund the acquisition.

## Record Infrastructure Results Earlier in 2026

Gibson Energy reported record infrastructure adjusted EBITDA of $169 million in the second quarter of 2026, a $17 million increase from the prior-year quarter, driven by higher network utilization and contributions from the newly acquired Chauvin Pipeline system, Ticker Report said. In July 2026, the company's board approved a quarterly dividend of $0.45 per common share, payable on October 16, 2026, to shareholders of record at the close of business on September 29, 2026, the Financial Post reported.

## What Comes Next for Gibson Energy

Gibson Energy's $400 million of 4.45% senior unsecured notes due January 9, 2034, were announced in July 2026 with closing expected on July 9, 2026, the Financial Post reported.

## Companies in this story

- [Gibson Energy company profile](https://akta.pro/company-profiles/0002n86/gibson-energy) · website: https://www.gibsonenergy.com

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